Streetbeat News

Revenues

SCTL

Societal CDMO Inc. (NASDAQ:SCTL) reported Q2 2023 revenues of $21.8 million, down from $23.2 million in the same period of 2022. The company also reported a net loss of $3.2 million for the quarter. CEO David Enloe stated that despite challenges, the company continues to win new business and expand existing programs. However, due to an unfavorable financing environment, the company's EBITDA guidance for 2023 has been revised down from $15-18 million to $12-15 million.

Portfolio Pulse from Lara Goldstein

August 16, 2023 | 7:00 pm

AAL

American Airlines has announced that it will be increasing its schedule to operate daily service between Dallas-Fort Worth and Shanghai. This move is expected to boost the company's operations and potentially its revenues.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 6:47 pm

AMZN

Amazon is imposing a new fee on sellers who ship their products themselves, despite an impending antitrust lawsuit. This move could potentially increase Amazon's revenues but may also attract further regulatory scrutiny.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:01 pm

MGM

The Michigan Gaming Control Board (MGCB) has renewed licenses for MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown, which will run through to August next year. The three casinos posted $107.2m in revenue for July, level with last year and slightly up month-on-month. The casinos pay tax at a rate of 18% on adjusted gross receipts and an 8.4% tax on their retail sports betting qualified adjusted gross receipts.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 2:24 pm

CAR

COIN

EMR

META

MSFT

OXY

TGT

TJX

TSEM

WBA

Elon Musk's X is accused of slowing traffic to sites criticized by him, including Instagram, owned by Meta Platforms Inc. Coinbase Global Inc has received federal approval for new futures offering. Tower Semiconductor Ltd's deal with Intel Corp has been terminated due to US-China tensions. Occidental Petroleum Corp is set to acquire Carbon Engineering Ltd for $1.1 billion. Emerson Electric Co is acquiring Flexim. Target Corp, TJX Companies Inc, and JD.com Inc have reported their Q2 earnings. Microsoft Corp's Game Pass is shaping the $60B gaming industry. Avis Budget Group Inc has been fined $275K for refusing to rent vehicles to customers without credit cards. Walgreens Boots Alliance Inc is facing a reopened lawsuit accusing it of Medicaid fraud.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 2:01 pm

SILC

Silicom has launched a new high-end edge product line and announced an initial order worth $3.5M. The company is currently in discussions and proofs of concept with AI, cybersecurity, SASE, and additional prospects.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 1:16 pm

MDGS

Medigus has reported its H1 revenue of $48.016M, which is an increase from $45.337M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:53 pm

ATVI

MSFT

SONY

TTWO

The video game industry is experiencing a shift in revenue generation channels, with a surge in popularity and financial contribution of virtual in-game goods and subscription services like Microsoft's Game Pass. Gamers are expected to spend nearly $21 billion on in-game items and subscription services this year. This shift is causing challenges for console creators, developers, and publishers like Sony, which relies heavily on exclusive premium titles for its PlayStation 5 console. Major console publishers, including Activision Blizzard, Take-Two Interactive Software, and Electronic Arts, are recalibrating their strategies to adapt to this trend.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 12:46 pm

MAT

TGT

Target's executive has stated that product lines for Barbie and The Little Mermaid movie have allowed the company to gain a 30%-60% market share with licenses for toys, apparel, and beauty in Q2. The company's traffic and top-line trends were affected by the reaction to their Pride assortment, which was launched in the middle of May.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:39 pm

DLO

DLocal's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also reaffirmed its FY23 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:37 pm