Streetbeat News

Revenues

DDD

3D Systems Corp (NYSE:DDD) shares are trading lower after the company reported preliminary Q3 revenue of $123-124 million, down $8.3-9.3 million YoY due to soft printer demand. The company also announced a new restructuring initiative to improve operational efficiency, which is expected to result in annual savings of $45-55 million. Due to market softness and macroeconomic uncertainty, 3D Systems has withdrawn its full-year 2023 financial guidance.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 7:21 pm

TSM

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) are trading lower by 3.8% possibly in sympathy with Texas Instruments, which reported disappointing Q3 sales and weak Q4 revenue guidance. This could indicate reduced demand for semiconductors, leading to concerns about overcapacity at TSMC's manufacturing facilities and a decrease in orders, potentially impacting their revenue and profitability.

Portfolio Pulse from Henry Khederian

October 25, 2023 | 6:13 pm

ATVI

MSFT

Microsoft Corporation (NASDAQ:MSFT) has reported a 13% quarter-on-quarter revenue growth, largely attributed to the success of Xbox Game Pass, which saw a significant increase in subscribers following the launch of 'Starfield'. Despite a 7% decline in hardware sales, Xbox is experiencing a substantial upswing. Microsoft's acquisition of Activision Blizzard Inc (NASDAQ:ATVI) is expected to further enhance the Game Pass offerings.

Portfolio Pulse from Franca Quarneti

October 25, 2023 | 4:46 pm

FTV

Fortive reported lower than expected Q3 revenue results and issued Q4 and FY23 adjusted revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 3:03 pm

AAL

ALK

DAL

JBLU

LUV

SAVE

SPY

UAL

Major US airports are preparing for renewed traffic growth as the pandemic challenges in the aviation sector dissipate. Capital programs are advancing to serve the anticipated rising travel demand, but with high costs ahead. Debt will continue to lead funding sources, though federal grants are also supportive. Fitch Ratings does not anticipate the increase in debt to drive credit pressures for most airports.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:55 pm

AAPL

Apple has announced price increases for its services including Apple TV+, Apple Arcade, and Apple News+. The impact on Apple's revenue and customer base is yet to be seen.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:10 pm

EPOW

Sunrise New Energy has announced a $16M order for an integrated generation, grid, and energy storage project, signed at the 20th China-ASEAN Expo.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:49 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) has announced that it has active fiber construction underway in Arizona as part of a previously announced contract. The company is also working towards expanding its customer base in Arizona, with multiple micro trenching projects possibly starting by the end of the year. The company's goal is to target revenue growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:19 pm

IMMP

Immutep Limited has received a AUD$1.13M cash rebate from the Australian Federal Government's R&D tax incentive program. The rebate is for expenditure incurred on eligible R&D activities conducted in the 2022 fiscal year, mainly related to the Company's TACTI-002 and TACTI-003 clinical study using its lead compound eftilagimod alpha. The funds will be used to further its current active clinical trial programs for its lead product candidate, efti.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:19 pm

LCUT

Lifetime Brands has announced its preliminary Q3 revenue to be approximately $191.7M, which is higher than the estimated $184.79M.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:14 pm