Streetbeat News

Revenues

EXR

Extra Space Storage reported worse-than-expected Q2 revenue results and a year-over-year decrease in Core FFO results. The company also cut FY23 Core FFO guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:41 pm

GTBIF

Colorado Governor Jared Polis expressed satisfaction with the legalization of marijuana and psychedelics, citing benefits such as job creation and tax revenue generation. New Mexico set a record with $34 million in recreational cannabis sales in July 2023. Federal, state, and local officials voted to add new marijuana items to a federal handbook to establish model standards for cannabis definitions, packaging, and labeling. New York's legal cannabis sales reached $33 million in the first six months, falling short of projections. Employees at Warwick's RISE Dispensary in Rhode Island unionized with UFCW Local 328 after Green Thumb Industries (OTC:GTBIF) took over the dispensary in 2021.

Portfolio Pulse from Nicolás Jose Rodriguez

August 04, 2023 | 3:36 pm

DLTNF

TSX:DN

Delta 9 Cannabis Inc. (OTC:DLTNF) (TSX:DN) plans to expand its distribution and cross-docking business in Manitoba due to changes in wholesale distribution regulations by Manitoba Liquor & Lotteries Corporation. The new regulations, effective from July 31, 2023, will improve lead times for cannabis shipments and allow the company to bring additional cannabis inventory from third-party suppliers into the province. The company expects to increase its revenues from this new growth segment and shorten lead times for deliveries to 3 – 5 business days.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 3:31 pm

DOCN

DigitalOcean reported lower than expected Q2 sales results and issued Q3 and FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:27 pm

NTRA

Natera's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:20 pm

FUBO

FuboTV has revised its Q3 revenue forecast to $279.7M-$285.7M, lower than the estimated $295.75M. However, the company has raised its FY23 revenue guidance to $1.2894B-$1.3134B, up from the previous $1.264B-$1.298B, and in line with the $1.29B estimate.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:18 pm

AXL

American Axle & Manufacturing Holdings, Inc. (AXL) has reiterated its FY23 revenue target of $5.95B-$6.25B, in line with the consensus of $6.13B. The company also projects an adjusted EBITDA of $725M-$800M and a free cash flow of $225M-$300M, assuming capital spending of 3.5%-4.0% of sales.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:17 pm

TDS

Telephone and Data Systems (TDS) has reaffirmed its 2023 revenue guidance for its TDS Telecom segment, expecting revenues of $1.03B-$1.06B. The company also adjusted its EBITDA forecast to $270M-$300M, up from the previous range of $260M-$290M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:12 pm

SSP

E.W. Scripps Co has projected a decrease in Q3 local media revenue by a mid-single-digit percent range, and a drop in Scripps Networks revenue by around 10%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:10 pm

TWST

Twist Bioscience has updated its FY23 revenue guidance to $241M-$242M, up from the previous guidance of $235M-$238M and above the consensus of $237.23M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:10 pm