Streetbeat News

Revenues

AAL

American Airlines' CFO has announced that the delivery of two narrow-body aircraft has been delayed until 2024, reducing the total number of aircraft expected to be delivered in 2023 to 21. However, post Labor Day bookings have been in line with estimates.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:46 pm

OTRK

Ontrak Health (NASDAQ:OTRK) has announced the results of an evaluation of its WholeHealth+ program, which showed significant savings of $750 per member per month (PMPM) for Medicaid members of a prominent health plan customer. This is in addition to previously measured savings of $485 PMPM for Medicare and Commercial members. The program uses AI and telehealth to identify and support Medicaid members in need of specialized care.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:13 pm

LRHC

La Rosa Holdings has acquired a controlling interest in its franchisee, Horeb Kissimmee Realty LLC. In 2022, Kissimmee generated revenue of $10.8M and had positive net income.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:59 am

PTN

Palatin Technologies (PTN) has reported preliminary Q1 gross product revenue of $4.6 million, marking an 11% increase quarter-over-quarter and a 100% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:35 am

ENOV

Enovis has released its preliminary Q3 results, projecting revenues of $414M-$418M, which is in line with consensus estimates of $415.16M. This represents an 8% to 9% increase. The company also expects its adjusted EBITDA to be between $64M and $66M.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:07 am

AAPL

Apple Inc.'s stock has slipped about 1.5% this week due to expectations of a fourth consecutive quarter of declining revenue and increasing competition in China. Despite the recent decline, Apple's shares are still up by almost 36% since the start of the year. Analysts are concerned about weak U.S. sales and increased competition from Huawei in China. A report from Jefferies indicated that Apple has lost its leading position in the handset market share in China. UBS analysts also highlighted risks to the iPhone 15 Pro handsets, which they believe are showing signs of weaker demand compared to last year's iPhone 14 lineup.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 10:00 am

VSCO

Victoria’s Secret & Co (NYSE:VSCO) is returning to its 'sexy' image after its inclusive branding failed to boost sales. The company's projected revenue for 2023 is $6.2 billion, a 5% decrease from last year and below the $7.5 billion revenue of 2020. The company's new approach is to make 'sexiness inclusive', with plans to launch activewear and swimwear lines, revamp existing stores, and open 400 new outlets outside the U.S.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 9:35 am

EWA

Australia's unemployment rate for September was reported at 3.6%, slightly lower than the estimated 3.7% and the prior rate of 3.7%.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:28 am

SNV

Synovus Financial Corp. (SNV) has expressed optimism about returning to a stronger growth orientation as it progresses through 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:31 pm

CAAP

Corporación América Airports S.A. (NYSE:CAAP) reported a 15.7% YoY increase in passenger traffic in September 2023, reaching 98.9% of September 2019 levels. The company's operations in Armenia, Ecuador, Argentina, and Italy have surpassed September 2019 levels. Aircraft movements were 1.3% above September 2019.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:41 pm