Streetbeat News

Revenues

GE

General Electric (GE) has projected its revenue growth for fiscal year 2023 to be in the low teens.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:11 am

AWI

Armstrong World Industries has updated its FY23 revenue outlook from $1.265B - $1.305B to $1.280B - $1.295B, slightly above the estimated $1.27B.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:10 am

SPOT

Spotify has reported its Q4 results, with total Monthly Active Users (MAUs) reaching 601 million, indicating an addition of approximately 27 million MAUs in the quarter. The company also reported total premium subscribers of 235 million, implying an addition of around 9 million net new subscribers. Total revenue for the quarter was €3.7 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:07 am

SPOT

Spotify's Q3 total revenue has increased by 11% YoY to €3.357B.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:03 am

ORAN

Orange has reported its Q3 sales at EUR10.999B, which is in line with the estimated figures.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 9:02 am

MKFG

Markforged has announced preliminary Q3 revenue of approximately $20M. The company also revised its 2023 revenue forecast to $90M-$95M, which is below the low end of its previous range.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:34 pm

AMRX

Amneal Pharmaceuticals has announced preliminary Q3 net revenue of $610M-$620M, which is higher than the estimated $585.69M.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:31 pm

AGYS

Agilysys has increased its full year revenue guidance from $230M-$235M to $235M-$238M, which is above the estimated $233.74M.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:14 pm

CDNS

Cadence Design Systems, Inc. (CDNS) has projected its Q4 2023 revenue to be between $1.039B and $1.079B, compared to the estimated $1.07B. The company also forecasts its FY23 revenue to be between $4.06B and $4.10B, against the estimated $4.08B.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:08 pm

AAWH

FFNTF

GLASF

JUSHF

MRMD

TCNNF

TLLTF

TRSSF

VRNOF

Analysts expect weak Q3 2023 revenue growth for most cannabis companies, with a few exceptions due to acquisitions and new market entries. Companies like 4Front, Cresco Labs, and Trulieve are expected to see sequential declines, while others like Verano, TILT, Ascend Wellness, Jushi, MariMed, TerrAscend, and Schwazze are projected to have sequential growth. Maryland is a key growth factor for Ascend, MariMed, and TerrAscend. Glass House Brands is expected to see a 61% YoY growth due to increased greenhouse production capacity.

Portfolio Pulse from Viridian Capital Advisors

October 23, 2023 | 4:34 pm