Streetbeat News

Revenues

COST

Costco Wholesale Corporation has reported its net sales for August, which amounted to $18.42 billion, marking a 5% increase year-over-year.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 8:16 pm

TITN

Titan Machinery has acquired O'Connors, the largest Case IH dealership group in Australia, for $63M in cash. The combined enterprise is expected to generate approximately $2.9 billion in revenue and $5.20 in diluted earnings per share on an annualized basis, based on Titan's full fiscal year 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:12 pm

PSTG

Pure Storage has reported its Q3 revenue at $760M, slightly above the estimated $757.14M.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 8:11 pm

OKTA

Okta has increased its FY24 total revenue outlook from $2.175B-$2.185B to $2.207B-$2.215B, surpassing the estimated $2.18B.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:07 pm

FXI

NVDA

SPY

President Biden has blocked the sale of NVIDIA's AI chips to the Middle East due to concerns over China's potential access to the technology. This move could potentially impact NVIDIA's revenue and global market share.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 6:20 pm

SONY

Sony Group Corp plans to increase the price of all its PlayStation Plus 12-month subscriptions globally from September 6. The price adjustment is aimed at enabling Sony to continue providing high-quality games and value-added benefits to the PlayStation Plus subscription service. Sony also announced the Monthly Games lineup for September. In Q1 FY23, Sony reported a 33% YoY sales growth to $21.63 billion, beating the consensus of $18.11 billion.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 5:08 pm

CAH

Cardinal Health, Inc. (NYSE:CAH) has launched its NTrainer System 2.0, a device designed to help premature and newborn infants develop oral coordination skills for independent feeding. The device is expected to reduce the length of stay in neonatal intensive care units. The company's Q4 revenue for the Medical segment was flat at $3.8 billion due to a decrease in Products and Distribution sales related to lower PPE volumes and pricing.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 3:41 pm

PKANF

Simply Better Brands Corp. reported Q2 2023 financial results, with a revenue of $23.6 million, a 40% increase compared to Q2 2022. However, the company reported an adjusted EBITDA loss of $2.4 million, compared to a positive adjusted EBITDA of $900,000 in the same quarter of the previous year. Despite this, the CEO remains confident in the company's revenue growth and profit improvement for 2023, with an expected consolidated net sales exceeding $80 million and a positive adjusted EBITDA in the range of $3-4 million.

Portfolio Pulse from Jelena Martinovic

August 30, 2023 | 3:00 pm

AMZN

CONN

CVX

GOOG

HYMTF

JBLU

PVH

WBD

WMT

Several companies have made significant announcements. Warner Bros. Discovery has appointed Mark Thompson as the new leader of CNN. Hyundai's JV is investing in Korea Zinc to bolster EV battery raw material supply. Toyota's global production and sales increased in July. JetBlue has launched a new non-stop flight from New York to Amsterdam. Alphabet is trialing a new song-searching feature on YouTube. The FDA has criticized Amazon for listing unauthorized drugs. US Steel is evaluating buyout offers. Walmart is asking some pharmacists to take voluntary pay cuts. A lawsuit against Burger King alleging deceptive advertising continues. Chevron has evacuated staff from some oil platforms due to a hurricane. Conn's reported a revenue decline in Q2 FY24, while PVH's Q2 FY23 sales grew.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:03 pm

SPY

USA's pending home sales for July increased by 0.9%, beating the estimated decrease of -0.6% and the prior figure of 0.3%.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:00 pm