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Revenues

WKSP

WKSPW

Worksport has signed a long-term agreement with a leading automotive aftermarket reseller for its US factory product. The company expects $16M in annual sales from this deal and anticipates significant growth and demand at its NY factory.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 11:00 am

LGND

Ligand Pharmaceuticals has revised its FY23 revenue outlook from $124M-$128M to $124M-$126M, slightly below the estimated $127.05M.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 9:24 pm

SFIX

Stitch Fix's FY23 active clients have decreased by 13% YoY to 3.297M. Additionally, the net revenue per active client has also dropped by 9% to $497.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:10 pm

SFIX

Stitch Fix has projected its Q1 US net revenue to be between $355M-$365M. The company also forecasts its FY24 US net revenue to be in the range of $1.3B-$1.37B.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:08 pm

AMZN

Amazon is considering new standalone subscription programs in grocery and healthcare, and potentially integrating One Medical's primary care service with its Prime membership program. The company aims to launch these services by the end of the year. However, these plans could change or get canceled. The new subscriptions are a hotly debated topic internally, as adding new healthcare or grocery benefits to the existing Prime program could raise the membership fee, potentially making it too expensive for some users. Amazon's subscription revenue grew 13.5% to $9.89 billion in its most recent quarter.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:56 pm

SLB

Shares of Schlumberger NV (NYSE:SLB) are trading higher after oil surpassed $90 per barrel. The rise is also attributed to OPEC maintaining its growth forecasts and predicting a supply shortfall. This could lead to increased drilling and exploration activities, boosting demand for Schlumberger's services and potentially increasing the company's revenues and profitability. Saudi Arabia's extension of production cuts and a projected sharp drop in world oil inventories also contribute to the bullish sentiment.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 5:43 pm

U

Unity Technologies, the creator of the Unity game engine, has announced that it will limit its fees to 4% of a game's revenue for customers making over $1 million, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 5:08 pm

CAMT

FORM

Camtek Ltd (NASDAQ:CAMT) has agreed to acquire FormFactor Inc's (NASDAQ:FORM) FRT Metrology business for $100 million in cash. The acquisition is expected to solidify Camtek's market position and contribute over $30 million to the annual revenues in 2024. The transaction is expected to close in Q4 2023.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 3:55 pm

MPC

Marathon Petroleum Corp (MPC) shares hit a new 52-week high, trading higher by 1.67% to $156.38. The increase is attributed to the rise in oil prices, which surpassed $90 per barrel. This follows OPEC's maintenance of its growth forecasts and prediction of a supply shortfall, suggesting that global oil supply may not meet demand. MPC can benefit from higher oil prices as it can sell its oil at higher rates, potentially boosting revenues and profits.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 3:11 pm

PCG

The Administrative Law Judges have issued a proposed decision and alternate proposed decision in Pacific Gas and Electric Company's 2023 general rate case. The decisions would authorize revenue requirements of $13.82 billion and $13.31 billion respectively for 2023, with increases for the following years. The utility would be allowed to collect approved revenue increases starting in 2024. The key differences between the two decisions relate to underground and overhead system hardening, and escalation.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:36 pm