Streetbeat News

Revenues

ICCC

ImmuCell Corporation (ICCC) announced preliminary, unaudited sales results for Q3 2023, with revenues of $5.4M, up from $4.8M YoY. However, sales for the nine-month and twelve-month periods ended September 30, 2023, lagged behind the comparable periods in 2022. The company's backlog of orders increased to approximately $8.9 million as of September 30, 2023, up from $2.5 million as of December 31, 2022.

Portfolio Pulse from Happy Mohamed

October 05, 2023 | 8:11 pm

AMC

Taylor Swift's concert film, 'The Eras Tour', has generated over $100M in global advance ticket sales more than a week before its debut. The film will be shown in over 8,500 theaters in 100 countries, including nearly 4,000 theaters in North America. AMC Theatres Distribution and its partners have reached agreements with theater operators to show the film.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:08 pm

FSLY

Raymond James has maintained a Strong Buy rating on Fastly's stock but has lowered its Q3 and 2023 revenue estimates. This has led to a decrease in Fastly's share price.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 7:41 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported better-than-expected September sales growth of 4.5%, exceeding the analyst's prediction of 3.8%. Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Costco's shares and raised the price target from $575 to $600. Despite a decrease in ticket sales due to softer sales of discretionary products, Costco's digital business and targeted marketing strategies are expected to boost future results.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 7:24 pm

KO

Coca-Cola Co (NYSE:KO) shares are trading lower by 4.1% due to a decrease in shopping demand indicated by Walmart, which is attributed to the use of appetite-suppressing medications. The rise in Treasury yields and the attractiveness of fixed-income investments like bonds when interest rates rise are also contributing to the fall in Coca-Cola's stock price.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 7:13 pm

GRAM

STHZF

Z&A's latest report explores the retail landscape of the cannabis market in California, highlighting significant revenue variations among counties. The report also notes that the size of retail operations and strategic location are crucial for success. The California cannabis market experienced an 11% YoY drop in 3Q23, followed by a 6% sequential decline. However, sales appear to be stabilizing after a surge in 2021. The report also mentions StateHouse (OTC:STHZF) and Gold Flora (OTC:GRAM), suggesting that with the right strategies, these companies could achieve impressive revenue per store figures.

Portfolio Pulse from Nicolás Jose Rodriguez

October 05, 2023 | 4:08 pm

PLUG

Cell Impact has received an order worth SEK 22.0 million from Plug Power Inc. for production of flow plates and supply of related products for delivery during the first half of 2024. The order signifies a strong collaboration between the two companies and supports the growth of Plug Power's fuel cell business.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 2:52 pm

ETSY

GOOG

Cassidy Johnson turned her print-on-demand side hustle into a full-time job, generating over $766,000 in a year. After being furloughed during the pandemic, she began creating t-shirt designs and posting them on Etsy. She also runs a YouTube channel, which is even more lucrative. Johnson closed her Etsy store last month due to a publicity-led influx of views hurting her rankings in Etsy's search algorithms, but she's already started another one.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 2:39 pm

QURE

UniQure N.V. (NASDAQ:QURE) plans to cut 20% of its workforce, or about 114 jobs, and discontinue more than half of its research and technology projects, including AMT-210 for Parkinson's disease. The restructuring is expected to generate savings of about $180 million over the next three years. The company will consolidate all manufacturing into its Lexington, MA facility and consolidate process and analytical development into its Amsterdam, Netherlands facility. Chief Scientific Officer Ricardo Dolmetsch will leave the company as part of the restructuring.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 2:23 pm

AMD

Traders are circulating a note from Baird that suggests reduced 2024 estimates for Advanced Micro Devices (AMD) due to lowered data center revenue expectations for the next year.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:50 pm