Streetbeat News

Revenues

PSA

Public Storage reported a miss on Q2 revenue, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:48 pm

ALEC

Alector reported its Q2 financial results and increased its 2023 collaboration revenue outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:44 pm

NKLA

Nikola Corp has projected its Q3 revenue to be between $18M-$28M, according to Reuters.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 3:44 pm

ACB

CGC

TLRY

Illinois reported record recreational marijuana sales of $140 million in July 2023, the second highest monthly total since the adult-use market launched in 2020. The majority of sales came from in-state residents, with out-of-state visitors accounting for $35.8 million. The state's marijuana sales reached a record high of more than $1.5 billion in 2022. Other states such as Maryland, Missouri, Michigan, Massachusetts, and Connecticut also reported record marijuana sales.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 3:42 pm

GDDY

GoDaddy reported worse-than-expected Q2 financial results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:42 pm

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