Streetbeat News

Revenues

EGIO

Edgio has projected its FY23 revenue to be between $392M and $398M, which is in line with the estimated $394.75M.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 8:13 pm

MRO

Marathon Oil Corp (MRO) shares are trading higher by 3.02% due to OPEC maintaining its growth forecasts and predicting a supply shortfall. This could lead to an increase in oil prices, benefiting Marathon Oil as it can sell its oil at higher rates. A report by Bloomberg anticipates a significant supply deficit in global oil markets, mainly due to Saudi Arabia's extension of production cuts.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 7:01 pm

BP

BP plc's shares are trading higher after OPEC maintained its growth forecasts and predicted a supply shortfall. This suggests that global oil supply may be constrained relative to demand, leading to an increase in oil prices. BP, as a major oil and gas company, can benefit from higher oil prices as it can sell its oil and gas products at higher prices, potentially boosting its revenues and profits. Global oil markets are anticipated to face a significant supply deficit exceeding 3 million barrels per day in the next quarter, possibly the largest in over a decade.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 7:00 pm

LSDI

Lucy Scientific Discovery Inc. (NASDAQ:LSDI) is acquiring e-commerce platform BlueSky Wellness Inc. and High Times Holding's IP. The BlueSky deal involves 3.5 million shares of Lucy's stock plus annual earn-out payments. The acquisitions are expected to add a minimum of $22.1 million in revenue and $7.38 million in EBITDA in the first year. BlueSky's e-commerce brands have generated over $14.7 million yearly.

Portfolio Pulse from Lara Goldstein

September 12, 2023 | 6:50 pm

ETSY

Tim Riegel, owner of Mozark Fire Pit Studio, has managed to maintain strong sales despite inflationary pressures. His business, which sells heavy steel fire pits via Etsy Inc (NASDAQ:ETSY), has generated $169,000 in sales over the past year, despite rising costs of recyclable steel, gas, and packaging. Riegel has managed to offset these costs by incrementally increasing prices and offering more customization options.

Portfolio Pulse from AJ Fabino

September 12, 2023 | 6:34 pm

AAPL

Apple has introduced new 6TB and 12TB plans for its iCloud storage service. This move is expected to attract more users and increase revenues from the service.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:20 pm

AAPL

The article announces the launch of Assassin's Creed Mirage and Resident Evil 4 on iPhone 15 Pro. This could potentially increase the sales of iPhone 15 Pro and boost Apple's revenues.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:10 pm

AMZN

Amazon has launched Supply Chain by Amazon, a suite of automated supply chain services, at the Accelerate conference. The service will enable Amazon's 2 million merchant partners to deliver inventory to both online shoppers and physical retail stores. The service includes features such as Multi-Channel Distribution, which allows merchants to dispatch their inventory to various locations. The service is expected to synergize with existing Amazon programs, including Buy with Prime. In Q2, Amazon's seller services generated $32.3 billion, reflecting an 18% YoY growth.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 5:29 pm

GOOS

During the Goldman Sachs Conference, a Canada Goose executive stated that the company did not anticipate a full rebound in demand from China this year. However, the company's pricing power remains strong and innovation is expected to drive a mid-single-digit pricing increase next year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 3:34 pm

SKIN

Beauty Health Co has re-affirmed its long-term financial guidance for 2025, expecting net sales to be between $600M and $700M.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 1:42 pm