Streetbeat News

Revenues

X

United States Steel Corporation (X) anticipates that lower steel prices will negatively affect the average selling price of its North American Flat-Rolled segment in Q4.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 4:51 pm

SAIA

Saia Inc reported Q3 FY23 revenue growth of 6.2% YoY to $775.1 million, beating the consensus of $745.98 million. Diluted EPS remained the same at $3.67. Operating income slightly improved to $128.44 million, while the margin contracted by 102 bps to 16.6%. The company generated $416.27 million cash from operating activities for nine months ended Sept. 30, 2023. LTL shipments per workday increased 12.2%, tonnage per workday increased 6.7%, and revenue per hundredweight increased 8.4%. Total debt was $18.9 million, and SAIA ended the quarter with $249.3 million of cash on hand.

Portfolio Pulse from Akanksha Bakshi

October 27, 2023 | 4:10 pm

SKYW

SkyWest's shares are trading higher following the company's announcement of better-than-expected Q3 revenue results.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:34 pm

DIS

Disney+ has expanded its advertising automation and measurement capabilities, 10 months after the successful launch of its ad-supported tier. The service has introduced advanced audience targeting, additional programmatic marketplaces, expanded ad formats, and enriched measurement across verification, identity, effectiveness, and attribution. 50% of new subscribers choose the ad tier, and the service has seen a 35% increase in engagement from March to September 2023. Disney+ is now accepting an expanded range of creative lengths and content sponsorships for the 2023 holiday season.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:30 pm

UNP

Union Pacific has reported that demand has been challenged in certain areas of their business. However, they are fortunate to have a diverse portfolio of customers and are seeing gains in some industries that they serve.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:49 pm

HUMBF

Humble & Fume Inc., a Canadian cannabis accessory distributor, reported its FY 2023 financial results, showing an increase in total revenue to $49.6 million from $48 million in FY 2022. However, the company's net loss grew to roughly $25 million from $16 million in the prior year. The company's CEO, Jakob Ripshtein, praised the company's growth efforts in the California distribution business. The company plans to intensify its efforts in the California cannabis sector going forward.

Portfolio Pulse from Jelena Martinovic

October 27, 2023 | 2:14 pm

META

SNAP

Meta Platforms and Snap Inc reported strong quarterly results, with Meta's revenue growing at the fastest rate since 2021 and Snap returning to revenue growth. However, both companies warned about the impact of the Middle East conflict on their ad revenues. Meta's Q4 revenue guidance was widened due to ad softening, while Snap did not provide formal guidance due to some advertisers pausing their campaigns.

Portfolio Pulse from Upwallstreet

October 27, 2023 | 1:27 pm

HCAT

Health Catalyst has released its preliminary Q3 total revenue, which is $73.8M, surpassing the estimated $72.66M. The company also projects its FY23 revenue to be between $291M and $296M, compared to the estimated $293.78M.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:49 pm

CL

Colgate-Palmolive's CEO has stated that some markets remain unstable, and factors such as foreign exchange and higher interest rates will continue to affect the company.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:39 pm

DAN

Dana Incorporated has revised its FY23 sales forecast due to the ongoing UAW strike. The company expects sales of $10.7B if the strike lasts until October 31, and $10.2B if the strike continues until December 31. This is compared to the previous estimate of $10.68B and the prior view of $10.45B-$10.95B.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:16 am