Streetbeat News

Revenues

EXPE

Executives at Expedia Group have reported a slight softening in pricing for domestic air travel and North America.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:40 pm

TRC

Tejon Ranch (TRC) has estimated its 2023 almond crop yield to be 2.6 billion pounds, which is consistent with the yield for 2022.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:35 pm

BAC

SPY

Bank of America CEO Brian Moynihan stated that consumer spending is increasing, reaching levels similar to those seen between 2017 and 2019.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:34 pm

AMD

INTC

NVDA

Advanced Micro Devices (AMD) plans to invest $400 million in India to tap into the growing product demand, with plans to build its largest design center in the country. The company sees India as a crucial part of its portfolio and product development. AMD is also considering developing a China-specific AI chip to comply with U.S. export curbs, following Nvidia and Intel Corp's strategies. Despite weakness in the PC market, AMD reported better-than-expected Q2 results.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:32 pm

META

Meta Platforms Inc's Ray-Ban smart glasses have failed to gain traction since its launch in 2021, with less than 10% of purchased glasses being actively used. The glasses, developed in partnership with EssilorLuxottica, experienced a 13% return rate due to various issues. Despite these challenges, Meta plans to release the second generation of Ray-Ban Stories by fall or next spring. The company's Reality Labs division, responsible for the smart glasses, reported an operating loss of nearly $8 billion in the first half of 2023.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:31 pm

WBD

Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q2 FY23 revenue decline of 4% to $10.36 billion, missing the consensus of $10.47 billion. The company's EPS loss of $(0.51) also missed the consensus loss of $(0.39). Studios revenues were down by 24%, while Networks revenues were down by 5%. DTC revenues were up 14%, but total DTC subscribers decreased by 1.8 million. The company anticipates a $100 million impact on operating cash flow due to the WGA strike.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:27 pm

WBD

The CFO of Warner Bros Discovery has expressed confidence that the company will achieve $4B in total synergies much sooner than previously anticipated.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:23 pm

OMQS

OMNIQ Corp. (NASDAQ:OMQS) has received a $2.2 million project from a leading supplier of pharmaceuticals and medical supplies. The project involves Android-based handheld devices used in managing the customer's supply chain operations. The order includes special services and support provided by OMNIQ.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:21 pm

MDU

MDU Resources has projected its FY23 Construction Services Revenue to be between $2.8 billion and $3 billion.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:19 pm

MNTX

Manitex International, Inc. (MNTX) has projected its FY25 revenue to be between $325M and $360M. The company also expects its adjusted EBITDA to be in the range of $35M to $45M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:18 pm