Streetbeat News

Revenues

GTHX

G1 Therapeutics has lowered its 2023 net revenue guidance due to an ongoing shortage of platinum-based chemotherapy. The company now expects $44M-$47M in COSELA net revenue, down from the previous estimate of $50M-$60M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:43 am

PSN

Parsons Corporation has increased its revenue guidance for FY23 from $4.85 billion - $5.05 billion to $5.175 billion - $5.325 billion, which is higher than the estimated $5.01 billion.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:35 am

CMCO

Columbus McKinnon expects Q3 sales of approximately $245M-$255M, up 9% YoY, slightly above the estimate of $248.98M. The company also projects to surpass $1B in revenue in FY24, close to the estimate of $1.01B, and expects a YoY gross margin expansion of 150 basis points in FY24.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:23 am

AXTA

Axalta Coating Systems anticipates its Q4 net sales to grow in low-single-digits and adjusted EBITDA to be around $250 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:05 am

CCEP

Coca-Cola Europacific Partners (CCEP) has reiterated its FY23 guidance, expecting revenue growth of 8-9% YoY, which is in line with the $19.53B estimate. The company also anticipates a free cash flow of at least €1.7B. Other unchanged forecasts include a comparable growth of ~8% in cost of sales per unit case, ~8% commodity inflation, >98% FY23 hedge coverage, 12-13% operating profit growth, and a ~24% comparable effective tax rate.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:38 am

BTCUSD

SOLUSD

SkyBridge Capital, founded by Anthony Scaramucci, reported record-breaking monthly returns in October, largely due to investments in Bitcoin and Solana. However, the company's reputation suffered due to its association with Sam Bankman-Fried, the former CEO of crypto exchange FTX, who is currently facing trial for fraud and misuse of customer funds. FTX's venture arm acquired a 30% stake in SkyBridge in September 2020, which Scaramucci plans to repurchase, subject to bankruptcy court approval.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 4:59 am

EWA

Australia's Building Approvals for September have been reported at -4.6%, lower than the estimated 1.3% and the revised prior of 8.1%.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:46 am

BRO

Brown & Brown has sold certain third-party administer businesses and entered into a long-term strategic relationship with Davies Group. The sold businesses represent approximately $100 million of annual revenue and the transaction will generate purchase proceeds ranging from $185 million to $205 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:33 pm

MTZ

MasTec has announced that it expects a lower level of activity in its Clean Energy and Infrastructure segment in Q4. The company also reported lower than anticipated revenue in its Communications and Power Delivery segments.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:23 pm

ZWS

Zurn Elkay Water Solutions (ZWS) has revised its full year sales forecast to $1.525 billion, slightly below the estimated $1.53 billion. The company's prior view was between $1.525 billion and $1.55 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:02 pm