Streetbeat News

Revenues

GVP

GSE Systems, Inc. (GVP) has announced that its services can be used to increase plant generation by approximately 1.4%. The cost of Data Validation and Reconciliation (DVR) service is estimated to be between $0.4M-$0.5M per unit. About half of the plans in the U.S. have performed a Measurement Uncertainty Recapture (MUR).

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:05 pm

MCD

McDonald's CEO has reported remarkable results in Germany following the launch of the McSmart Menu, which offers smaller, more affordable meals.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:56 pm

PCRFY

TSLA

Panasonic Holdings Corp reported a 1% Y/Y sales growth in H1 FY24, with strong performance in the Automotive and Connect segments. However, the company lowered its FY24 revenue and operating profit outlook due to deteriorating market conditions and the impact of the U.S. IRA Tax Credit accounting treatment. The energy segment, which supplies Tesla Inc, also saw a reduction in its full-year operating profit forecast.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 12:41 pm

AMZN

Amazon plans to use generative AI to enhance ad targeting and speed up promotional content creation for merchants during the holiday season. The company aims to attract more shoppers and advertisers to its platform, leveraging data from over 160 million Prime subscribers. The AI tool will refine product images for advertisers, potentially saving them significant money. Analysts project Amazon's advertising business to earn $14.2 billion in the holiday quarter, up from $11.56 billion the previous year.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 12:35 pm

SKIN

The Beauty Health Company (NASDAQ:SKIN), home to Hydrafacial, has launched its first direct-to-consumer sales channel on Chinese e-commerce platform Tmall. This move allows consumers to purchase Hydrafacial treatment packages directly from the brand and redeem them at select verified providers. The company has experienced encouraging growth in China, and this new sales channel aims to make the brand more accessible. BeautyHealth grew +265% YoY in China in Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:24 pm

GSK

ME

23andMe (NASDAQ:ME) has extended its collaboration with GSK (NYSE:GSK) through a new, non-exclusive data license. The agreement allows GSK to use the 23andMe database for drug target discovery and other research. 23andMe will receive a $20 million upfront payment for a one-year license, which includes access to certain services such as further analyses of the 23andMe data. Any new drug discovery programs initiated by GSK during the agreement will be owned solely by GSK, but 23andMe may be eligible for downstream royalties.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:11 pm

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