Streetbeat News

Revenues

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

RIG

Transocean Ltd. (NYSE:RIG) has issued a quarterly Fleet Status Report, detailing the current status and contract information for its fleet of offshore drilling rigs. The report includes new contracts and extensions, contributing to an aggregate incremental backlog of approximately $745 million. As of October 18, 2023, the company's total backlog is approximately $9.4 billion.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:33 pm

NFLX

Netflix has announced an increase in subscription prices for some of its streaming plans in the U.S., Britain, and France. The price hike was implemented on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:07 pm

SPOT

Bad Bunny's latest album, 'Nadie Sabe Lo Que Va A Pasar Mañana', broke the Spotify record for the most-streamed album in a single day on Oct. 13, 2023. This achievement was celebrated by Spotify Technology SA (NYSE:SPOT) via its social media channels. The success of Latin music has been substantial, with the Recording Industry Association of America reporting $627 million in gross revenues for the genre in the first half of 2023 in the US. On-demand audio streaming of Latin music in the US surged by 22.2% year-on-year in the first 34 weeks of 2023, totaling 57.9 billion streams.

Portfolio Pulse from Franca Quarneti

October 18, 2023 | 7:52 pm