Streetbeat News

Revenues

ZI

ZoomInfo has projected its FY23 revenue to be between $1.232 billion and $1.235 billion, slightly above the estimated $1.23 billion.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:19 pm

PSA

Public Storage reported its Q3 results with FFO of $4.33 and revenue of $869.715 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:15 pm

PINS

Pinterest expects its revenue to grow by 11-13% YoY in Q4 2023. The company also anticipates its Q4 2023 Non-GAAP operating expenses to decrease by 9-13% YoY.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:11 pm

VFC

V.F. Corporation has withdrawn its previous FY24 revenue and earnings guidance, expecting a significant negative impact on revenue and profit in 2H'FY24. Factors include poor performance of Vans and a challenging US wholesale environment. The company now projects its free cash flow for FY24 to be around $600 million, down from the previous guidance of $900 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:10 pm

PINS

Pinterest has reported its Q3 revenue of $763M, which is higher than the estimated $743.5M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:08 pm

VFC

V.F. Corporation has revised its FY24 free cash flow projection from $900 million to $600 million. The company has withdrawn its previous FY24 revenue and earnings guidance due to anticipated negative impacts on revenue and profit in 2H'FY24. Factors include poor performance of Vans and a challenging US wholesale environment. The company's transformation plan, Reinvent, aims to lower the cost structure by $300 million, focusing on cash generation and debt reduction.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:08 pm

MPWR

Monolithic Power Systems has projected its Q4 revenue to be between $442M and $462M, compared to the estimated $451.69M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:04 pm

NUBANK

USDTUSD

Brazil's revenue service agency reports that 80% of all cryptocurrency transactions in the country are done in stablecoin Tether (USDT), with transaction volumes reaching around $55 billion as of mid-October, almost double the volume of Bitcoin. The country's government has been tracking crypto-related activities since 2019 and recently passed legislation recognizing cryptocurrencies as 'financial assets' for tax purposes in foreign investments. Brazil's largest digital bank, Nubank, announced in May 2022 that users can now purchase and sell Bitcoin and Ether on its platform.

Portfolio Pulse from Khyathi Dalal

October 30, 2023 | 6:24 pm

LVO

LiveOne (NASDAQ:LVO) pre-announced its Slacker subsidiary's results, expecting to deliver a record 6-months revenue of $31.5M and adjusted EBITDA of $9.1M. The company also raised its FY24 guidance for Slacker's revenue to $63M-$66M, with $17M-$19M of adjusted EBITDA. Slacker's pipeline expands to 25 Blue Chip Partnerships potentially adding new revenue streams across 5 different verticals. LiveOne will host a special investor Slacker webcast on November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 5:17 pm

AZN

A comparative study of AstraZeneca (NASDAQ:AZN) and its competitors in the Pharmaceuticals industry reveals that AstraZeneca's stock may be overvalued due to its high PE ratio. However, its low PB and PS ratios suggest that it may be undervalued in terms of its book value and sales. The company's low ROE, EBITDA, and gross profit indicate potential inefficiency and weak operating performance. Despite this, AstraZeneca's high revenue growth compared to its peers suggests potential future growth opportunities.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:00 pm