Streetbeat News

Revenues

CNC

Centene Corporation (NYSE:CNC) is planning to lay off about 3% of its workforce to cut costs and boost profits. The layoffs will affect approximately 2,000 employees. The company's expenses in H1 2023 increased by nearly 3% YoY to $74.11 billion. Centene is focusing on managing government-sponsored health programs and improving its Medicare business quality ratings. However, it is experiencing a decline in Medicaid plan memberships. The company has increased its 2023 premium and services revenue forecast range by $1.8 billion.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 10:49 am

MAR

Marriott International Inc. has projected that its total gross fee revenues could increase by a two-year compound annual growth rate (CAGR) of 6.5% to 9.5% to reach $5.4 billion to $5.8 billion by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:18 am

MAR

Marriott International, Inc. (MAR) expects a Compound Annual Growth Rate (CAGR) of 3% - 6% in global Revenue Per Available Room (RevPAR) from 2023 to 2025.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:16 am

SHOP

Faire, a B2B retail marketplace, has established a new partnership with Shopify, becoming its recommended wholesale marketplace. This partnership could potentially increase Shopify's customer base and revenues.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:03 am

HTOO

Fusion Fuel Green PLC has secured a purchase order for a 300 kW electrolyzer and balance of plant system from a leading global building solutions supplier. The deal is expected to boost Fusion Fuel's revenues and market presence.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 7:12 am

ADBE

ETHUSD

GOOGL

MSFT

Ethereum has reached a revenue milestone of $10 billion, surpassing tech giants like Microsoft Corp, Adobe Inc, and Alphabet Inc. The platform's diverse revenue sources and strong network activities were key factors. However, the revenue levels were seen as 77% below the prior year's levels amid uncertainties in the broader crypto market.

Portfolio Pulse from Khyathi Dalal

September 26, 2023 | 11:42 pm

RKLB

Rocket Lab has reduced its Q3 revenue forecast from $73M-$77M to $66M-$68M, against an estimated $74.5M.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:21 pm

MSFT

Artificial intelligence firm OpenAI is reportedly discussing a share sale that could increase its valuation to $90 billion, a threefold increase from its earlier valuation. Microsoft Corp., which owns a 49% stake in OpenAI, is expecting revenues of $1 billion this year. The proposed share sale is designed to allow OpenAI's employees to sell their existing shares. Despite this news, Microsoft's stock closed 1.7% lower on Tuesday.

Portfolio Pulse from Piero Cingari

September 26, 2023 | 8:50 pm

COST

Costco has reported its Q4 net sales at $77.43 billion, marking a 9.4% increase year-over-year. The total revenue for the quarter was $78.939 billion.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:17 pm

AAPL

Apple Inc's shares are trading lower by 2.5% amid concerns about future rate hikes and lower-than-expected initial jobless claims data. Higher interest rates could increase the cost of borrowing for consumers, potentially reducing the affordability of Apple products and leading to lower sales and revenue. Additionally, rising interest rates could make it more expensive for Apple to finance debt, leading to higher interest expenses and reducing its net income.

Portfolio Pulse from Henry Khederian

September 26, 2023 | 7:51 pm