Streetbeat News

Revenues

BTM

Bitcoin Depot, a US-based Bitcoin ATM operator, has reported preliminary Q2 2023 revenue of $196M-$198M, a 17%-18% increase from Q2 2022. The company also provided 2023 guidance, expecting consolidated revenue of $700M-$730M, an 8%-13% improvement from 2022. Adjusted EBITDA for 2023 is expected to range between $56M and $59M, a 37%-44% increase YoY. The company will release its financial results for Q2 2023 on August 14, 2023.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 12:22 pm

ALV

Autolov has projected an organic sales growth of approximately 15% for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:09 am

QBTS

D-Wave Quantum Inc (NYSE:QBTS) has provided Q2 2023 preliminary revenues below the consensus, expecting revenues in the $1.65 million-$1.80 million range, below the consensus of $2.3 million. The company has also cut its 2023 outlook for revenue to $11 million-$13 million, down from $12 million-$13 million. Despite this, QBTS shares are trading higher by 1.09% at $2.78 premarket.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 9:49 am

EWU

UK retail sales for June have outperformed estimates, with a month-on-month increase of 0.7% against the estimated 0.2%, and a year-on-year decrease of 1% against the estimated 1.5% decrease. This is an improvement from the previous month's figures.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 6:04 am

EWU

UK's core retail sales for June have outperformed estimates, with a month-on-month increase of 0.8% against the estimated 0.2%, and a year-on-year decrease of 0.9% against the estimated -1.6%. The figures indicate a better than expected performance in the UK retail sector.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 6:03 am

QBTS

D-Wave has reported preliminary 2Q23 results, with revenues expected to be between $1.65M and $1.80M, lower than the $2.3M estimate. Bookings have increased by 146% YoY to $2.5M. The company has updated its full year 2023 guidance due to the timing of revenue recognition and current market conditions. It expects fiscal 2023 revenue to be between $11M and $13M, and Adjusted EBITDA to be less than negative $58M.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:11 am

ALTG

Alta Equipment (ALTG) has projected its trailing twelve months revenue to be between $1.716 billion and $1.726 billion.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:55 pm

ALTG

Alta Equipment has reported its preliminary Q2 results, expecting revenue to be between $462.0M and $472.0M. This is above the consensus estimate of $458.48M.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:53 pm

SCHL

Scholastic Corporation (SCHL) has projected a revenue growth of 3%-5% for the fiscal year 2024. The company plans to focus on protecting its margins and sustaining growth.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:04 pm

AMAT

Shares of Applied Materials, Inc. (NASDAQ:AMAT) are trading lower by 4.68% due to weak third-quarter and 2023 guidance issued by Taiwan Semiconductor. Applied Materials, a supplier of semiconductor manufacturing equipment, relies on semiconductor companies like TSM for business. A disappointing TSM earnings could indicate weaker demand for semiconductor manufacturing services, potentially impacting Applied Materials' revenue and profitability.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 6:32 pm