Streetbeat News

Revenues

RGF

The Real Good Food Co has provided its financial outlook, expecting FY23 revenue to be between $185M-$194M, lower than the estimated $202.35M. The company also anticipates FY24 revenue to be around $245M, slightly below the $245.81M estimate. Positive operating cash flow is expected to begin in Q4 of 2023. Q4 revenue is projected to be between $65M-$72M, less than the $74.48M estimate.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:10 pm

LUNG

Pulmonx Corporation has announced that its preliminary unaudited Q3 revenue is expected to be approximately $17.6 million.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:10 pm

RGF

The Real Good Food Company has announced that its preliminary Q3 net sales are expected to increase by 46-52% YoY, reaching a range of $55M-$57M.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:02 pm

AAPL

Dan Defossey, a former Apple Inc. executive, has found success in the restaurant industry in Mexico City. After leaving his role as the head of marketing in education for Latin America at Apple, Defossey co-founded a Texas-style BBQ restaurant, Pinche Gringo, in Mexico City. Despite initial challenges, the business has grown into Grupo Chilangogringo, a group of seven establishments with revenues exceeding $9 million in 2022.

Portfolio Pulse from Bibhu Pattnaik

October 10, 2023 | 7:28 pm

NXST

Benchmark analyst Daniel Kurnos reiterated a Buy rating on Nexstar Media Group, Inc (NASDAQ:NXST) and set a price target of $225. He believes Nexstar may have a unique near-term narrative centered around retransmission, free cash flow, and guidance that could produce relative outperformance in the coming quarters. Kurnos projects 3Q revenue of $1.15 billion vs. consensus of $1.16 billion and EPS of $2.64 vs. consensus of $1.11.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 7:17 pm

CCL

Carnival Corp (NYSE:CCL) shares are trading higher by 2.21% to $12.97. The stock is volatile due to the Israel-Hamas conflict, which has caused travel uncertainty and led to U.S. airlines suspending flights to Israel. This could disrupt the travel ecosystem and result in reduced bookings and lower revenues for Carnival. The conflict also creates an environment of instability in the Eastern Mediterranean, potentially deterring tourists and leading to lower revenues for Carnival.

Portfolio Pulse from Henry Khederian

October 10, 2023 | 5:36 pm

IMAX

IMAX Corporation and NCG Cinemas have announced a new agreement to expand their partnership with three new IMAX locations across the U.S. The deal includes two new locations in Tennessee and Georgia, and an upgraded location in Michigan. The new standalone IMAX theatre in Kingsport, Tennessee is expected to open in March 2025. This expansion comes as IMAX continues to deliver strong box office results, setting a new record for third quarter box office in 2023 with $347 million.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:05 pm

FXI

GM

General Motors Co and its joint ventures have delivered over 541,000 vehicles in China in Q3 2023, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:51 pm

INTZ

Intrusion Inc (NASDAQ:INTZ) shares surged by 40% after the company was awarded a $5 million multi-year shield agreement with a telecommunications provider. The deal involves a phased rollout of Intrusion Shield starting in Q4 2023, following a successful pilot initiated in Q1 2023. The five-year agreement allows for potential expansion and additional revenue opportunities beyond the initial projects. During Q3 2023, Intrusion also signed four other contracts expected to grow over time.

Portfolio Pulse from Henry Khederian

October 10, 2023 | 4:44 pm

CCL

RCL

TRIP

The cruise sector is witnessing a resurgence with a significant increase in ticket prices. Top cruise companies, Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), have set their ticket prices higher than pre-pandemic levels. There's speculation of further price hikes, despite these companies already reaching pre-pandemic profits. Data from Cruise Critic, a platform under Tripadvisor Inc (NASDAQ:TRIP), shows a 43% rise in the average rate for a five-night Caribbean cruise compared to 2019.

Portfolio Pulse from Shivani Kumaresan

October 10, 2023 | 4:35 pm