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Revenues

CGNX

Cognex Corp (NASDAQ:CGNX) has signed an agreement to acquire Moritex Corporation from Trustar Capital for ¥40 billion (around $275 million) in an all-cash deal. This is the largest acquisition in Cognex's 42-year history. The deal is expected to contribute 6%-8% of CGNX revenue and be accretive to GAAP EPS in 2025. The transaction is projected to close by the end of 2023.

Portfolio Pulse from Lekha Gupta

August 30, 2023 | 9:56 am

LANV

Lanvin Gr Hldgs (NYSE:LANV) reported sales of $232.80 million for the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 9:38 am

AAPL

Apple Inc. has sent out invites for its September 12 iPhone launch event, tagged 'Wonderlust'. Gene Munster, co-founder and Managing Partner at Deepwater Asset Management, interprets the tagline as a hint towards new products and improvements in existing ones. He predicts the launch of two watches, the Apple Watch Series 9 and a second-generation Ultra Watch. Munster also anticipates new material or finishes for the iPhone 15 Pro series and the Apple Watch Ultra. He expects the September launches to boost Apple's revenue growth from a 1% drop in the September quarter to a 5% increase in the December quarter.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 6:36 am

GOTU

Gaotu Techedu forecasts its 3Q23 net revenues to be between RMB728M and RMB748M, representing a YoY growth of 20.1%-23.4%.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 6:24 am

NTDOY

Nintendo ADR's (OTC:NTDOY) Nintendo Switch has surpassed the total lifetime sales of the Wii in the U.S. This is attributed to popular titles like The Legend of Zelda: Tears of the Kingdom, which sold over 18 million copies by June 2023. Nintendo reported selling over 129.5 million units worldwide, with 49 million sold in the Americas. The company is reportedly developing a next-gen console for release in late 2024.

Portfolio Pulse from Franca Quarneti

August 29, 2023 | 9:42 pm

EPSN

Epsilon Energy Ltd. (EPSN) has declared a dividend of $0.0625 per share, payable on September 29th, 2023. The company also announced near-term drilling plans in Pennsylvania and Texas, which are expected to add meaningful production volumes and cash flow in 2024. However, Q3 volumes and revenues are expected to be down approximately 5% from original estimates due to the shut-in of approximately 3 MMcf per day of net production for an estimated 45 days.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:48 pm

TXG

10x Genomics has surpassed 100 shipments of its Xenium Analyzer in the eight months since its launch.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:30 pm

PVH

PVH Corp has projected its Q3 2023 revenue to increase by mid-single digits compared to Q3 of 2022.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:19 pm

AMBA

Ambarella, Inc. has provided its Q3 2024 guidance, expecting revenues of around $50 million, which is lower than the estimated $67.6 million. The company's gross margin on a non-GAAP basis is expected to be between 62.0% and 64.0%, with operating expenses between $46.0 million and $49.0 million. The company's cash, cash equivalents, and marketable debt securities at the end of Q2 2024 were $216.5 million. The company's CEO, Fermi Wang, stated that the near-term environment is challenging due to customers reducing their inventory and weak end-market demand.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:16 pm

AMWD

American Woodmark has projected a low double-digit year-on-year decline in net sales for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:10 pm