Streetbeat News

Revenues

UNRV

Unrivaled Brands, Inc. (OTCQB:UNRV) plans to reorganize under a new Delaware holding company, Blum Holdings, Inc. The reorganization will exchange each outstanding share of Unrivaled’s common stock and Series V preferred stock on a one-for-one basis for a share of Blüm. Unrivaled stockholders will also be asked to approve a reverse stock split of the company’s common stock at a ratio determined by the board of directors of Unrivaled in the range between a 1-for-70 to 1-for-100. The reorganization is expected to be completed in Q4 2023.

Portfolio Pulse from Jelena Martinovic

October 11, 2023 | 12:52 pm

SSP

Scripps has completed cable/satellite carriage agreements covering 75% of its pay TV households. For 2023, the company expects $750M in local media division distribution revenue, a nearly 15% growth over 2022, and a 40% increase in net distribution dollars.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 12:36 pm

DIS

Walt Disney Co. has announced a price increase for its Disneyland resort tickets by up to 9% and annual pass prices at Walt Disney World by up to 10%. The new prices are effective immediately.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 11:51 am

NTRB

Nutriband has completed the market assessment and commercialization strategy for Aversa Buprenorphine, an abuse-deterrent Buprenorphine transdermal system. The peak annual US sales for Aversa Buprenorphine is expected to reach $70M-130M.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 11:46 am

NCLH

Norwegian Cruise Line Holdings (NCLH) has reported strong consumer demand and maintains its optimal booked position on a 12-month forward basis.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:41 am

SVRE

SaverOne has reported that its ongoing operations in Israel have not been impacted and continue to work as normal.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 11:02 am

LVMHF

LVMUY

French luxury fashion house LVMH reported a 10% Y/Y sales growth to €62.205 billion for the first nine months of FY23. Organic revenue growth was 14% for the nine months and 9% in Q3 FY23. All business groups, except Wines & Spirits, saw organic revenue growth. The company saw a 26% jump in organic sales of Selective Retailing due to the strong performance of Sephora. Organic sales grew 16% in the Fashion & Leather Goods segment. LVMH expects continued growth in 2023 despite an uncertain economic and geopolitical environment.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 10:00 am

ASX

ASE Technology's net revenues for September 2023 declined by 22.7% YoY to $1.68B, but increased sequentially by 1.6%. The company's ATM revenue fell by 16% YoY.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:33 am

BMY

Bristol Myers Squibb has announced new data on Zeposia, indicating long-term disease progression and cognition in patients with relapsing forms of Multiple Sclerosis. This could potentially lead to increased sales and revenue for the company.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:20 am

CPA

Copa Holdings reported a 13.6% increase in capacity and a 14.1% rise in passenger traffic for September 2023 compared to the same period in 2022. The load factor was 87.3%.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:32 am