Streetbeat News

Revenues

NPO

Enpro Industries (NPO) has announced that it expects its FY23 revenue to remain relatively flat compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:55 am

PFE

Pfizer has reported a 41% operational decrease in Q3 FY23 revenues, attributing the decline to expected lower revenues from Paxlovid and Comirnaty.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:54 am

RNGR

Ranger Energy Services has revised its FY23 revenue forecast to $630M-$640M, down from the previous estimate of $660M-$680M, due to lower than expected customer activity. The company anticipates resuming quarter over quarter growth in 2024. The updated capital expenditure guidance reflects additional purchases of capital equipment associated with a recently signed customer agreement and pump refurbishments.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:53 am

IGT

International Game Technology (IGT) has updated its Q4 and FY23 revenue expectations. The company now expects Q4 revenue of $1.1B, slightly above the estimated $1.09B, and FY23 revenue of $4.3B, at the upper end of the previous range. Q4 revenue includes increased Global Lottery revenue and consistent Global Gaming and PlayDigital revenue. FY23 expectations include an operating income margin of ~23% and capital expenditures of $400M-$450M.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:46 am

MPC

Marathon Petroleum Corp has reported its Q3 total revenues and other income to be $41.583 billion.

Portfolio Pulse from Bill Haddad

October 31, 2023 | 10:42 am

JBLU

JetBlue Airways Corporation (NASDAQ: JBLU) expects its Q4 revenue to decrease by 6.5-10.5% YoY, but anticipates a 3-5% YoY increase in FY23 revenue.

Portfolio Pulse from Bill Haddad

October 31, 2023 | 10:35 am

JBLU

JetBlue has been facing significant challenges due to air traffic control and weather-related delays. Although the company has managed to offset some of the costs, the magnitude of the delays has been staggering.

Portfolio Pulse from Bill Haddad

October 31, 2023 | 10:33 am

GVA

Granite Construction has projected its FY23 revenue to be between $3.35 billion and $3.45 billion, which is in line with the estimated $3.38 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:13 am

AHI

Advanced Health Intelligence (AHI) has announced that it is refining its operational processes and evaluating costs. This has led to an optimization of its operational structure, resulting in an annual cost reduction exceeding A$4.8M.

Portfolio Pulse from Charles Gross

October 31, 2023 | 8:50 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) is at risk of losing $5 billion in revenue from China due to the US government's stricter export ban on high-performance chips. The ban has disrupted Nvidia's plans to deliver some 2024 orders in advance. The company, however, does not foresee a significant near-term impact and is reallocating the advanced AI computing systems to the US and other regions. The ban could have long-term implications for Nvidia and the broader semiconductor industry.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 8:32 am