Streetbeat News

Revenues

SPY

The USA has corrected its export figures to $247.50 billion, slightly higher than the previous figure of $247.10 billion.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:33 pm

CNSL

Consolidated Communications has initiated a business simplification and cost savings initiative, which is estimated to result in an annualized benefit of more than $30 million starting from the second half of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:03 pm

NRGV

Energy Vault has reaffirmed its FY23 outlook, expecting revenues between $325M and $425M, compared to the estimated $377.31M. The company also anticipates an adjusted EBITDA between $(50)M and $(70)M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:39 am

HBIO

Harvard Bioscience forecasts its FY23 revenues to be between $116M-$120M, slightly below the consensus estimate of $120.76M. The company anticipates a 4% headwind from discontinued products.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:38 am

HLMN

Hillman Solutions Corp. has reiterated its FY23 revenue guidance of $1.45B-$1.55B, which is in line with the consensus of $1.51B. The company also expects its adjusted EBITDA to be between $215M-$235M and free cash flow in FY23 to be $125M-$145M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:36 am

SWIM

Latham has revised its FY23 revenue guidance to $570M-$600M, compared to the consensus of $583.12M and prior guidance of $565M-$615M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:36 am

PAYO

Payoneer Global has revised its FY23 revenue forecast to $820M-$830M, up from the previous estimate of $810M-$820M. This is slightly above the estimated $818.43M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:35 am

ML

MoneyLion expects its Q3 revenues to be between $110M and $115M, surpassing the estimated $104.95M. The company also anticipates its adjusted EBITDA to be between $6M and $10M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:35 am

NYT

The New York Times Company has released its Q3 2023 guidance, predicting a 14-17% increase in digital-only subscription revenues, an 8-10% increase in total subscription revenues, and a mid-single-digit increase in digital advertising revenues. Total advertising revenues are expected to remain flat, while other revenues are projected to increase by 13-16%. Operating costs are expected to rise by 5-7%, with adjusted operating costs increasing by 5-8%. The company also expects depreciation and amortization to be around $80 million, largely due to the acquisition of The Athletic.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:33 am

VRNOF

Verano Holdings Corp. reported Q2 2023 revenue of $234 million, up 5% YoY and 3% QoQ. The increase was driven by strong retail and wholesale adult use sales in New Jersey and Connecticut, offset by retail declines in Pennsylvania and Arizona. Gross profit was $115 million, up from $98 million YoY and $109 million QoQ. However, the company reported a net loss of $13 million, higher than the $10 million loss in Q2 2022 and $9 million in Q1 2023. Adjusted EBITDA was $72 million, down from $76 million YoY but up from $71 million QoQ.

Portfolio Pulse from Vuk Zdinjak

August 08, 2023 | 11:32 am