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Revenues

VIAV

Viavi Solutions Inc. (VIAV) is part of three consortia that have won funding in the Open Networks Ecosystem (ONE) competition sponsored by the U.K. Department of Science, Innovation and Technology (DSIT). The successful bids were for HiPer-RAN led by University of Surrey, REACH led by University of York, and ARIANE led by Telecom Infra Project (TIP).

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:37 am

CODA

Coda Octopus has reported an increase in the purchase contract value under one of its subsidiary's longstanding key defense programs. This could potentially lead to increased revenues and profitability for the company.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:12 am

LAD

Lithia Motors Inc (NYSE:LAD) plans to enter a strategic partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon plc for approximately $350 million. The deal is expected to generate over $4.5 billion in annual revenues and expand Lithia's presence in the UK market. Lithia will also take a 16.7% ownership in the remaining Pinewood business. The acquisition of Pendragon Vehicle Management (PVM) is expected to add a profitable fleet management services business to Lithia. Post-completion, Lithia would have estimated annualized revenues of over $38 billion.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 10:04 am

BR

Broadridge Financial Solutions, Inc. (BR) has secured its first customers for its new SWIFT services, which include transaction screening and securities view. This could potentially increase the company's revenue and market share.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:21 am

LAD

Lithia & Driveway has formed a strategic partnership with Pinewood Technologies and acquired Pendragon's Fleet Management and UK Motor Divisions. This acquisition is expected to generate over $4.5 billion in annual revenues and will increase Lithia's presence in the UK market. Lithia will also take a 16.7% ownership in the remaining Pinewood business.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 6:29 am

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to reverse its year-over-year revenue decline in the December quarter, according to Bloomberg columnist Mark Gurman. This is due to an improved supply chain and favorable comparisons with 2022’s slow shopping season. The current consensus for the December quarter is $123.5 billion, compared to last holiday season’s revenue of $117.2 billion. The company's new products, including the iPhone 15 Pro and Pro Max, are expected to drive sales this fall.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 12:18 am

ETSY

Cassiy Johnson has leveraged Etsy Inc's marketplace to create a successful business empire, crafting T-shirt designs. Johnson's business, which started during the early days of the pandemic, has garnered a total revenue of $766,400, with a significant portion being net profit. Johnson's business model is based on a 'print-on-demand' methodology, which involves crafting designs for T-shirts using blank templates and forwarding the designs to manufacturers once an order is placed.

Portfolio Pulse from Bibhu Pattnaik

September 17, 2023 | 2:00 pm

LEN

First-time homebuyers accounted for 32% of homebuilders' net sales this year, despite a turbulent housing market and high mortgage rates, according to John Burns Research & Consulting. Many are opting for smaller spaces, fixer-uppers, or new single-family homes. The tiny-home movement is also gaining traction, with the Global Tiny Homes Market experiencing significant growth. Additionally, intergenerational financial support is increasing. This news comes as Lennar Corporation (NYSE:LEN), a leading homebuilder, reported Q3 beats on earnings and revenue, with a 37% gain in new home orders.

Portfolio Pulse from Nabaparna Bhattacharya

September 16, 2023 | 7:12 pm

AMAT

TSM

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower due to a reported delay in delivery of high-end chipmaking equipment by Taiwan Semiconductor Manufacturing Company (TSMC). As a major supplier of such equipment, Applied Materials' revenue and earnings could be affected by this delay. The delay reflects concerns about the market outlook, driven by weaker economic conditions and softer end-market demand.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 5:38 pm

U

BofA Global Research analyst Michael J. Funk upgraded Unity Software Inc. (NYSE:U) to Buy from Neutral, raising the price target to $56 from $46. The upgrade is based on improved monetization of Unity's mobile game creation engine and a stabilizing mobile game advertising market. Funk projects incremental revenue of $77 million and $93 million in 2025 from Unity's runtime fees and the retiring of Plus, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

September 15, 2023 | 4:43 pm