Streetbeat News

Revenues

KBH

KB Home has increased its FY23 housing revenues outlook from $5.80 billion-$6.20 billion to $6.31 billion.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:15 pm

FDX

FedEx has announced that it expects permanent cost reductions of $1.8 billion from its DRIVE transformation program.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:08 pm

FDX

FedEx has revised its revenue forecast for the year, now expecting approximately flat revenue year over year, compared to its prior forecast of flat to low-single-digit-percent revenue growth.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:06 pm

IVA

Inventiva (NASDAQ:IVA) and Hepalys Pharma, Inc. have entered into an exclusive licensing agreement to develop and commercialize Inventiva's drug candidate lanifibranor in Japan and South Korea. Inventiva will receive a $10 million upfront payment and is eligible to receive up to $231 million in milestone payments. Inventiva has a 30% ownership in Hepalys Pharma and the option to acquire all outstanding shares of Hepalys Pharma.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:01 pm

AMZN

Amazon plans to hire 250,000 logistics employees in the U.S. ahead of the holiday season, a 67% increase from 2022, signaling strong consumer demand. BofA Securities analyst Justin Post reiterated a Buy rating on Amazon with a price target of 174. The increased labor costs could represent $2.25 billion in Q4, up $1 billion from a year ago. Despite this, Post expects Amazon's Q4'23 gross profit to be up $12 billion Y/Y vs. Q4'22, more than enough to absorb the incremental labor costs.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 7:18 pm

ATVI

MSFT

A leaked presentation from Microsoft Corporation (NASDAQ:MSFT) reveals the company's gaming strategy, emphasizing mobile gaming and advertising. The company expects gaming revenue to double to $36 billion by 2030, with advertising and mobile transactions playing a significant role. The acquisition of Activision Blizzard Inc (NASDAQ:ATVI), which owns the popular mobile game franchise 'Candy Crush', is seen as crucial to achieving this growth.

Portfolio Pulse from Franca Quarneti

September 20, 2023 | 4:51 pm

CCLD

CareCloud has provided a financial and operational update and reaffirmed its FY23 revenue guidance. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:22 pm

AMZN

Amazon has reported a 20% growth in combined sales of its Ring and Blink products over the past year, according to a product launch event.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:04 pm

PINS

Pinterest Inc has announced that it expects to be at the high end of the high single-digit range for year-over-year revenue growth for Q3 2023. This would represent an acceleration in year-over-year revenue growth rate relative to Q2 2023, both on a reported and constant currency basis.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:22 pm

PINS

Pinterest Inc has announced its financial expectations for Q3 2023, stating that it anticipates being at the high end of the high single-digit range for year-over-year revenue growth. Additionally, the company expects to deliver roughly 400 basis points of adjusted EBITDA margin expansion year over year for the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:21 pm