Streetbeat News

Revenues

ON

onsemi, a leading semiconductor solutions provider, has announced supply agreements worth $1.95 billion with solar inverter manufacturers. The deals are expected to boost the company's revenues and strengthen its position in the renewable energy market.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 1:09 pm

SPWR

SunPower has projected its Q2 2023 revenue to be $464M, which is lower than the estimated $483.76M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:33 pm

AULT

GRRR

PACW

Banc of California and PacWest are set to merge in an all-stock transaction, with PacWest shareholders receiving 0.6569 shares of Banc of California per PacWest share. Ault Alliance reports preliminary Q2 2023 revenue of $47 million, a 172% increase from Q2 2022 and a 52% increase from Q1 2023. Cantor Fitzgerald initiates coverage on Gorilla Tech Gr with an overweight rating and a price target of $4.8.

Portfolio Pulse from ryanfaloona@benzinga.com

July 26, 2023 | 12:31 pm

BA

Boeing has announced that it is transitioning its 737 program to produce 38 planes per month and aims to reach 50 per month in the 2025/2026 timeframe. The company still expects to deliver 400-450 airplanes this year.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 11:31 am

PRG

PROG Holdings has revised its FY23 revenue guidance to $2.36B-$2.39B, up from the prior guidance of $2.3B-$2.37B. The new guidance exceeds the consensus of $2.34B. The company also forecasts an adjusted EPS of $3.10-$3.25, higher than the consensus of $2.67 and prior guidance of $2.50-$2.77.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:15 am

AULT

Ault Alliance has reported a preliminary Q2 2023 revenue of $47.3M, marking a 172% increase year-over-year. Compared to Q1 2023, this represents a growth of $16.1M or 52% from $31.2M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:13 am

FISV

Fiserv has increased its FY23 organic revenue growth outlook to 9-11%.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 11:03 am

LIVN

LivaNova has increased its FY23 revenue growth forecast to 8% and 10% in constant currency, up from the previous 4% - 6%. The company expects foreign currency to provide a 1% tailwind based on current rates.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:09 am

HLT

Hilton Hotels Corporation (HLT) has projected a 10-12% increase in system-wide Revenue Per Available Room (RevPAR) for the fiscal year 2023.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 10:02 am

ALLE

Allegion has revised its FY23 organic revenue growth outlook from a range of 5.5% - 7.5% to a narrower range of 5.5% - 6.5%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:38 am