Streetbeat News

Revenues

MS

Morgan Stanley's Institutional Securities net revenues have decreased to $5.65B from $6.12B year-over-year.

Portfolio Pulse from Bill Haddad

July 18, 2023 | 11:32 am

CRGE

Charge Enterprises reported a backlog of approximately $138M in its Infrastructure segment at the end of Q2, representing a 43% increase from the prior year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 11:10 am

MASI

Masimo Corporation reported below-consensus preliminary Q2 revenues and revised its 2023 guidance downwards, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:43 am

EWJ

Japan's Tertiary Industry Activity Index (MoM) has reported a 1.2% increase, matching the prior figure and exceeding the estimated 0.4%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:33 am

MASI

Masimo Corporation's shares are trading lower following the company's announcement of worse-than-expected preliminary Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:38 pm

ATRO

Astronics Corporation has updated its Q2 revenue guidance to $170M-$175M, which is at the upper end of its previous guidance of $165M-$175M.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:22 pm

ESLT

FRSX

Foresight Autonomous Holdings Ltd (FRSX) has signed an exclusive commercialization agreement with Elbit Systems Land Ltd, a subsidiary of Elbit Systems Ltd (ESLT). The agreement is for the integration, marketing, and licensing of Foresight's image processing software solution. Foresight expects revenues of up to $4 million over a contractual period of five years, with minimum guaranteed revenues of $1 million. FRSX shares are trading higher by 19.6% at $3.17.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 6:28 pm

BBY

COST

KSS

TGT

The U.S. Department of Commerce's June Retail Sales report is expected to show a 1.1% year-over-year dip and a 0.5% month-over-month increase. Auto industry sales surged 21% to 1.38 million units in June, marking the third-highest sales pace this year. Nonfarm payrolls rose 209,000, missing expectations of 225,000. Retail stocks have shown mixed performance, with Costco, Best Buy, and Kohl's gaining, while Target fell.

Portfolio Pulse from AJ Fabino

July 17, 2023 | 5:43 pm

META

Meta Platforms Inc. (NASDAQ:META) faces a daily fine of $100,000 in Norway if it doesn't address its privacy issues. The Norwegian Data Protection Authority has imposed a three-month ban on Meta's behavioral advertising, effective from August 4 to November 3. If Meta fails to comply, it will be fined for each day of non-compliance. Advertising accounted for 97.5% of Meta's total revenue in 2022, amounting to $113.64 billion.

Portfolio Pulse from Rounak Jain

July 17, 2023 | 5:04 pm

INTZ

Intrusion Inc. (NASDAQ:INTZ) has announced preliminary Q2 2023 results, expecting a 35% sequential increase in top-line revenues for Intrusion Shield. New bookings in Q2 and early Q3 are expected to further boost revenues. The company's consulting business is also showing growth, and cost-cutting measures have significantly reduced cash burn. The official Q2 2023 financial results will be released on August 14, 2023.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 4:33 pm