Streetbeat News

Revenues

COMM

ComScope has reported that its net sales have been negatively impacted, particularly in the CCS and OWN segments, due to low order rates. This is driven by customers holding higher than required inventories, macro uncertainties, and slower service provider network capex.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:09 pm

DYN

Dyne Therapeutics has reported cash, cash equivalents, and marketable securities totaling $157.8 million. This is expected to provide the company with a cash runway through 2024.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:32 am

DCPH

Deciphera Pharmaceuticals' cash, cash equivalents, and marketable securities were $376.9 million as of September 30, 2023, compared to $389.4 million as of June 30, 2023. The company expects its current financial resources, along with anticipated product, royalty, and supply revenues, to fund its operations and capital expenditures into 2026.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:07 am

MCD

McDonald's has reported an 11% increase in Q3 global system sales and an 8.8% increase in global comparable sales.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:04 am

ALV

Autoliv, Inc. (NYSE:ALV) plans to reduce its workforce in France by about 20% or 320 employees as part of its global headcount reduction initiative. The reductions will begin in 2024 and are expected to be fully implemented by the end of 2025. The company expects to save around $10 million in 2024, $20 million in 2025, and $25 million in 2026 from these actions. The related costs for the headcount reduction will be accrued this quarter but will not impact the company's adjusted operating margin for the fourth quarter or the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:49 am

BGC

BGC Partners, Inc. (BGC) has projected its Q4 revenue to be between $450M and $500M, compared to the estimated $477M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:33 am

RVTY

Revvity has lowered its FY23 revenue guidance to $2.72B-$2.74B, down from the previous guidance of $2.80B-$2.85B. This is also below the consensus estimate of $2.83B.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:07 am

EWG

Germany's preliminary Gross Domestic Product (GDP) for Q3 has been reported at -0.3%, matching the estimated figure. The previous quarter's GDP was 0.0%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:01 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing a slump in iPhone sales in China, with a reported 6% fall during the iPhone 15 series launch month compared to the same period last year. This is attributed to the resurgence of local competitor Huawei Technologies Co., which has seen its Mate 60 series register close to 1.5 million sales during its launch month. Apple, which derives around 20% of its revenue from China, is also dealing with escalating U.S.-China tensions and an iPhone prohibition in some government-backed agencies and state-owned enterprises.

Portfolio Pulse from Benzinga Neuro

October 30, 2023 | 8:06 am

EWA

Australia's retail sales for September have been reported at 0.9%, exceeding the estimated 0.3% and the revised prior of 0.3%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:47 am