Streetbeat News

Revenues

COST

Costco Wholesale Corporation has reported its net sales for the retail month of September, amounting to $22.75 billion.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:16 pm

ACCD

Accolade has provided its Q3 and FY24 revenue guidance. For Q3, it expects revenue between $95M and $97M, and for FY24, it expects revenue between $410M and $414M. The company also expects a negative Adjusted EBITDA for both periods.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:11 pm

ESGL

ESGL has revised its FY23 revenue guidance down from $10.95M to a range of $6.5M-$8.5M. The company also adjusted its non-GAAP EBITDA forecast to between $1.3M and $1.6M, down from the previously anticipated $2.9M. The changes are due to geopolitical tensions and lower-than-expected proceeds from the public listing, which delayed expansion plans.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:09 pm

ESGL

ESGL Holdings Limited has reported its first half 2023 results, with revenues increasing by 14.1% to $3.4M. As of June 30, 2023, the company had $1.2M in total cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:08 pm

MXCT

MaxCyte's preliminary Q3 total revenue is expected to be between $7.8M and $8M, marking a 27% YoY decrease. The company attributes this decline to continued reduced customer activity in the sector.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:06 pm

LMT

RTX

The U.S. State Department has approved a potential sale of Patriot Configuration-3+ Modernized Fire Units to Spain. The deal is estimated to be worth $2.8 billion, according to Reuters citing the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:09 pm

AAPL

META

Meta Platforms Inc is introducing advanced generative AI utilities to its advertising toolkit, following a successful testing phase. The AI-powered tools can generate product background images, devise ad copy, and adapt ad dimensions for compatibility with platforms like Instagram and Facebook. The move is a strategic response to offset the impact of lost targeting data due to privacy enhancements by Apple Inc. Meta's AI innovations have contributed to a 12% surge in digital ad revenue in the quarter ending on June 30.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 4:41 pm

AMZN

AYI

EADSY

GOOG

HELE

JNJ

MMM

PLTR

PODD

SFTBF

SNY

TEVA

UAL

UBER

UBS

Palantir is expanding its collaboration with PwC to combine AI capabilities. Anthropic, a competitor to OpenAI, is securing additional funding from Alphabet and Amazon. Sanofi and Teva have collaborated to co-develop a drug for inflammatory bowel disease. Insulet's CFO is resigning to join 3M. United Airlines has ordered 110 more aircraft from Boeing and Airbus. Zoom has unveiled AI-powered innovations. Over 75,000 employees of Kaiser Permanente have initiated a three-day strike. Softbank's CEO emphasized the importance of AGI. Uber is expanding its service offerings to include package return. UBS is offering enticing interest rates to attract clients. A New Jersey appeals court overturned a verdict linked to asbestos exposure in Johnson & Johnson's talc powder products. BP is looking to sell a stake in its U.S. oil and gas pipeline network. Helen Of Troy and Acuity Brands reported their earnings.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 4:37 pm

LVO

LiveOne (LVO) has announced a record growth in its premium membership in September, adding 51,000 new members. The company's new premium membership has increased by approximately 700,000, a 40% YoY increase. The number of new Tesla premium members has increased by 357,000 over the last six months. LiveOne reiterates its guidance for 800K-825K new premium members for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:33 pm

HON

VSEC

VSE Corporation has entered into an asset purchase and perpetual license agreement with Honeywell International Inc. VSE acquired the perpetual license and asset for $105 million, which included $12 million of existing inventory. The agreement will allow VSE to exclusively manufacture and support certain of Honeywell's fuel control systems. This is expected to provide long-term, sustainable revenue and an improved mid-term EBITDA margin outlook for VSE Aviation. VSE has increased its Aviation segment FY23 revenue growth outlook from 25% - 30% to 30% - 35%.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 4:31 pm