Streetbeat News

Revenues

RELY

Remitly Global has updated its fiscal year 2023 outlook, expecting total revenue in the range of $935 million to $943 million, up from the previous estimate of $915 million to $925 million. This represents a YoY growth rate of 43% to 44%. The company also expects to remain in a GAAP net loss position for 2023, with Adjusted EBITDA in the range of $36 million to $41 million, up from the previous estimate of $33 million to $40 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:25 pm

NARI

Inari Medical has reported its Q3 2023 revenue of $126.4M, surpassing the estimate of $121.92M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:21 pm

CHRW

C.H. Robinson's Q3 revenues were reported at $4.34B, slightly below the estimated $4.36B.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:14 pm

ETSY

Etsy has projected a decline in Gross Merchandise Sales (GMS) for Q4 2023 in the low-single-digit range year-over-year. The take rate is estimated to be around 20.8%, slightly down due to normal seasonality. The adjusted EBITDA margin is expected to be between 26-27%. The company's CEO, Mr. Silverman, acknowledged the challenging environment for consumer discretionary spending but expressed confidence in the company's ability to deliver profitable growth.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:13 pm

QCOM

Qualcomm has reported its Q4 revenues to be $8.665B.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:07 pm

QRVO

Qorvo has projected its Q3 2024 revenue to be around $1 billion, which is higher than the estimated $989.69 million. The company's CFO, Grant Brown, stated that this projection reflects content gains at their largest customer and sequential growth in all three operating segments. Qorvo's outlook for the December 2023 quarter includes a non-GAAP gross margin between 43% and 44% and non-GAAP diluted earnings per share of approximately $1.65.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:04 pm

JBSS

John B. Sanfilippo & Son's shares have dropped following the company's report of a year-over-year decrease in Q1 revenue results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:32 pm

PSN

Parsons Corporation reported better-than-expected Q3 financial results and raised its FY23 revenue guidance above estimates. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:27 pm

QUAD

Quad Graphics reported worse-than-expected Q3 revenue results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:00 pm

CNDT

Conduent reported mixed Q3 results and lowered the upper end of its FY23 revenue guidance range, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:08 pm