Streetbeat News

Revenues

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

AMN

AMN Healthcare Services Inc has agreed to acquire MSDR, a combination of two healthcare staffing companies, for $300 million. The acquisition is expected to significantly enhance AMN's potential locum tenens revenue and expand its candidate pool for high-demand services. The deal is funded through a combination of available cash and borrowings from the revolving credit facility, with the anticipated closing in the fourth quarter of 2023.

Portfolio Pulse from Akanksha Bakshi

October 23, 2023 | 3:04 pm

NVS

Novartis AG's Pluvicto has shown statistically significant rPFS benefit in patients with PSMA-positive metastatic castration-resistant prostate cancer in pre-taxane setting. The Phase III PSMAfore trial with Pluvicto met its primary endpoint of radiographic progression-free survival (rPFS) with a HR of 0.411. Pluvicto also showed improved quality of life compared to daily oral ARPI, along with improvements in other clinically meaningful efficacy endpoints. Novartis is investigating a broad portfolio of RLTs in advanced cancers and is investing in production capacity to meet global patient needs.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 2:38 pm

AULT

Ault Alliance Inc's (AMEX:AULT) shares are up by over 30% following the release of its Q3 FY23 preliminary results. The company reported revenues of $52.5 million, up from $49.8 million a year ago. The annualized revenue run rate of Sentinum Bitcoin mining is around $32 million. The company is also seeing growth in the Ault Venture Group and Defense Sector. AULT expects FY23 revenue of $190 million - $200 million and higher revenue growth in its BitNile Metaverse business for 2024.

Portfolio Pulse from Lekha Gupta

October 23, 2023 | 1:04 pm

SIGA

SIGA Technologies announced the creation of a joint procurement mechanism by the European Commission's DG HERA. Under this mechanism, 13 participating countries from the EU and EFTA can order oral TPOXX. Initial orders are anticipated to be around $18 million within the next 60 days. This is expected to bring total TPOXX orders in 2023 to approximately $164 million, contributing to a pre-tax operating income of between $90 million and $100 million.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 12:12 pm