Streetbeat News

Revenues

IBKR

Interactive Brokers has reported its Q3 net revenues at $1.145B and adjusted net revenues at $1.139B.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:11 pm

LXRX

Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) highlighted two studies demonstrating the positive financial impact of INPEFA (sotagliflozin), recently approved by the FDA for heart failure treatment. The studies, presented at the Academy of Managed Care Pharmacy Nexus 2023 National Meeting, showed that while INPEFA increased pharmacy costs, it reduced medical costs due to lower readmission rates and fewer emergency department visits. The studies also concluded that INPEFA is a cost-effective treatment for heart failure among patients with type 2 diabetes.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:03 pm

AMZN

Amazon is pushing advertisers to commit significant amounts of money to its Prime Video streaming service in 2024. The company's requests are reportedly more aggressive than Netflix's when it launched an ad-tier last year. Amazon executives have asked for initial commitments of more than $100 million from a global ad firm and more than $50 million from a smaller firm.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 7:46 pm

SNAP

Benchmark analyst Mark Zgutowicz reiterated a Hold rating on Snap Inc. (NYSE:SNAP) following the company's announcement of its 2024 goals. The goals include a +20% YoY full-year Ads revenue growth, which implies a ~$5.4 billion '24E revenue. However, the analyst raised questions about the viability of these targets and the need for additional headcount cuts. The analyst increased the FY24 EBITDA estimate from $220.2 million to $275.6 million and the FY24 revenue estimate from $5.002 billion to $5.096 billion.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 5:40 pm

ADDYY

Adidas has updated its FY guidance, predicting a low-single-digit rate decline in revenue for 2023. The company's underlying operating profit is now expected to reach around €100M. Adidas also anticipates a potential write-off for the remaining Yeezy inventory, now estimated at €300M, plus one-off costs of €200M.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:35 pm

ADDYY

Adidas has announced its preliminary Q3 results, showing a 1% YoY increase in revenue. However, in Euro terms, the revenue declined by 6% to €5.999B from €6.408B YoY. The results were positively impacted by the sale of remaining Yeezy inventory. The company has also increased its full-year guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:32 pm

LAES

WKEY

WISeKey International Holding Ltd. reported a 21% YoY increase in its nine-month 2023 unaudited revenue, reaching $22.6 million. The company ended the period with a strong cash position of $17 million. The company's main revenue stream comes from its cybersecurity and semiconductor operations, particularly through SEALSQ Corp. The company also sees emerging financial potential in its ventures WISeSat.Space and WISe.ART.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:01 pm

CSX

The article provides a detailed comparison of CSX Corporation (NASDAQ:CSX) with its competitors in the Road & Rail industry. CSX shows potential for growth with a lower than average P/E ratio, P/B ratio, and P/S ratio. The company also exhibits efficient use of equity with a ROE of 8.1% and has a higher EBITDA, indicating strong profitability. However, it has a lower gross profit, suggesting potential cost management issues. CSX's revenue growth outperforms the industry average.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 4:00 pm

STRM

Streamline Health Solutions Inc (STRM) shares are trading higher by 16% after the company announced a strategic restructuring plan to reduce expenses. The restructuring includes a 24% workforce reduction, resulting in a one-time cost of $0.8 to $1.2 million, expected to yield annual cost savings of about $5.8 million. The company also received a termination notice from a legacy client, which accelerated their restructuring plans. As a result, previous guidance has been suspended.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 3:46 pm

VZ

Verizon Communications Inc plans to hire 1,800 additional technicians to support its broadband expansion across the East Coast. Many of the positions will be in areas where Verizon is expanding internet service in rural and underserved communities, with funding partly provided by the American Rescue Plan. The company aims to fill these positions by July 2026. In July, Verizon reported a sales decline of 3.5% year-on-year to $32.6 billion, missing the consensus of $33.3 billion.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 3:40 pm