Streetbeat News

Revenues

LLY

Truist Securities analyst Robyn Karnauskas has reiterated a Buy rating on Eli Lilly And Company (LLY), raising the price target to $525 from $430. Karnauskas believes LLY is building a solid franchise in Alzheimer's disease and diabetes/obesity led by donanemab and Mounjaro. The analyst raised donanemab sales estimates for FY23 from $5 billion to $8 billion and Mounjaro sales estimates for FY23 to $41 billion from $33 billion. For FY23, Karnauskas expects LLY's revenues to jump 9.7% to $31.32 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 5:36 pm

TSM

Taiwan Semi reported a year-over-year decrease in Q2 revenue results, issued Q3 revenue guidance below estimates, lowered its 2023 revenue forecast and announced Arizona N4 production will be delayed until 2025. As a result, its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:22 pm

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) has cut its 2023 revenue outlook by 10% due to cyclical headwinds, despite AI strength. The company expects AI revenue to reach a low-teens percent of the total by 2028. TSMC's CapEx target remains at $32 billion, with growth expected to level off. Analysts from Needham, Susquehanna, and Wedbush have reiterated a Buy, Positive, and Outperform rating respectively, with price targets ranging from $118 to $135. TSMC's stock traded lower by 4.58% at $98.36.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 4:30 pm

DIS

Walt Disney Co (NYSE:DIS) shares have fallen by 4.3% over the past five sessions, possibly due to the ongoing SAG-AFTRA union strike and commentary from streaming peer Netflix. The strike could increase production costs and disrupt content production, potentially impacting Disney's profitability, cash flow, and ability to generate revenue.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 3:40 pm

UAL

A United Airlines executive has stated that the current business cycle will see higher international margins compared to domestic, a shift from the pre-pandemic trend.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 3:18 pm

DHI

D R Horton Inc's executive has projected consolidated revenues of $9.7B to $10.1B for Q4 during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 1:21 pm

BCOV

PUBM

Brightcove (NASDAQ:BCOV) has announced a strategic partnership with PubMatic (NASDAQ:PUBM), integrating PubMatic's programmatic advertising solutions with Brightcove's video platform to enhance the recently launched Brightcove Ad Monetization service. The partnership aims to provide Brightcove customers with an expanded network of opportunities to monetize their video content and maximize advertising revenue.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:58 pm

AAL

An executive from American Airlines has stated that the company continues to see an increase in customers originating from New York City. This suggests a positive trend in passenger volume for the airline.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:52 pm

AAL

American Airlines expects to take delivery of 23 new mainline aircraft in 2023, all of which are now financed. The company anticipates its total capital expenditure in 2024 to be between $3B-$3.5B.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:44 pm

SOPA

Society Pass Inc's (NASDAQ:SOPA) travel subsidiary, NusaTrip Inc, has acquired Vietnam International Travel and Service JSC, adding approximately $2M in GMV to NusaTrip's revenue base. This acquisition is part of NusaTrip's business plan to acquire other IATA-licensed travel agencies throughout Asia Pacific in 2023. The Vietnam travel market is projected to reach $3.0 billion in 2023 and $4.2 billion by 2027.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:34 pm