Streetbeat News

Revenues

PEP

Pepsico's CFO has indicated that there will be some modest level of price increases in the coming year, according to an interview cited by Reuters.

Portfolio Pulse from Charles Gross

October 10, 2023 | 11:50 am

NEOG

Neogen has reaffirmed its FY24 revenue guidance of $955M-$985M, in line with the consensus of $968.41M. The company also expects its adjusted EBITDA to be in the range of $235M-$255M and capital expenditures to be around $130M, including $100M for the integration of the former 3M Food Safety Division.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:07 am

MIXT

PWFL

PowerFleet, Inc. (NASDAQ:PWFL) and MiX Telematics Limited (NYSE:MIXT) have announced a definitive agreement to merge, forming one of the largest mobile asset IoT SaaS providers globally. The combined business will have a total revenue of $279 million, including $210 million in recurring high-margin SaaS revenue. The transaction is expected to close in Q1 2024, and the combined business will be branded as Powerfleet, listed on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:07 am

AL

Air Lease Corporation (AL) has announced its Q3 2023 activities, which include the delivery of eight new aircraft from its order book and the sale of eight aircraft for a total of $350 million. The company's fleet now consists of 448 owned and 79 managed aircraft, with 351 new aircraft on order from Boeing and Airbus set to deliver through 2029.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:37 am

TSLA

TF International Securities analyst Ming-Chi Kuo predicts that Tesla's Cybertruck will start shipping by the end of the year, with 100-200 units expected to be shipped by the end of 2023. The number is expected to increase to 100,000-120,000 in 2024 and 240,000-260,000 in 2025. Kuo believes the Cybertruck will significantly contribute to Tesla's revenue and profit growth for years to come, unaffected by seasonality or economic downturns. Tesla CEO Elon Musk confirmed earlier this year that the Cybertruck delivery event would be held this year.

Portfolio Pulse from Anan Ashraf

October 10, 2023 | 3:27 am

BKD

Brookdale Senior Living has reported a sequential increase of 60 basis points in its weighted average occupancy for September 2023, reaching 78.2%.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:18 pm

MDXH

MDxHealth has reported preliminary Q3 revenues of $19.3M, which represents a 73% increase year-over-year and a 15% increase sequentially. The estimated revenue was $17.11M.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:04 pm

CZR

MGM

Thousands of hospitality workers are planning to picket MGM Resorts and Caesars Entertainment casinos on the Las Vegas Strip. This could potentially disrupt operations and impact revenues.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 6:57 pm

DAL

UAL

Shares of Delta Air Lines, Inc. (NYSE:DAL) and United Airlines are trading lower amid the Israel-Hamas conflict, which has caused travel uncertainty and led to U.S. airlines suspending flights to Israel. The suspension of flights can have a direct negative impact on their financial performance. Geopolitical conflicts can also lead to an increase in oil prices, disrupting oil supplies or creating concerns about oil production in certain regions, which can eat into airlines' profit margins.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 4:27 pm

GSK

GSK plc has entered into an exclusive agreement with Chongqing Zhifei Biological Products to co-promote GSK's shingles vaccine, Shingrix, in China. The deal, worth £2.5 billion over three years, will significantly extend the availability of Shingrix in China. Zhifei will have exclusive rights to import and distribute Shingrix in China from January 2024. The partnership is expected to support GSK's goal of doubling global Shingrix sales to more than £4 billion by 2026.

Portfolio Pulse from Vandana Singh

October 09, 2023 | 3:26 pm