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Revenues

BWAY

BrainsWay has expanded the market penetration of its Deep Transcranial Magnetic Stimulation technology in India. This move is expected to increase the company's global reach and revenue.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:34 am

META

Evercore ISI analysts estimate that Meta Platforms, Inc's Threads app will generate approximately $8 billion in annual revenue over the next two years from nearly 200 million daily active users. This surpasses Twitter's $5.1 billion in sales and revenue earned in its last full year as a public company. However, KeyBanc Capital Markets anticipates that Threads will have a limited immediate financial impact as Meta focuses on adoption rather than monetization.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:11 am

BABA

XIACF

XIACY

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid reports of China's science and technology ministry's meeting with firms including Xiaomi Corp (OTC:XIACF) (OTC:XIACY), iFlytek, and Alibaba Cloud to discuss innovation and national strategic scientific and technological initiatives. Alibaba is considering selling shares of Ant Group back to the fintech company, which has proposed a $6 billion share repurchase program. Alibaba Cloud generated nearly $12 billion of revenue for the company in FY22.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:03 am

BLD

TopBuild has entered into an agreement to acquire all assets of Best Insulation. The latter generated approximately $100 million in revenue for the trailing twelve months ending April 30, 2023. The transaction is expected to close within seven business days.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:48 am

AL

BA

Air Lease Corporation (AL) has announced its Q2 2023 activities, which include the delivery of 19 new aircraft from its order book, $1.5 billion investment in aircraft, and the sale of 8 aircraft to third-party buyers for a total of $600 million. The company also entered into approximately $900 million of financing transactions during the quarter. As of June 30, 2023, ALC's fleet was comprised of 448 owned aircraft and 80 managed aircraft, with 359 new aircraft on order from Boeing (BA) and Airbus set to deliver through 2029.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:38 am

CRGO

Freightos has reduced its FY23 revenue outlook from $21.2M-$23.1M to $20.0M-$21.2M, which is below the consensus estimate of $22.36M.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:08 am

AIRS

AirSculpt Technologies has reaffirmed its FY23 revenue guidance of $187M-$192M, with expectations of achieving the upper end of this range. This is compared to a consensus of $188.90M.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:07 am

CRGO

Freightos has announced an operational efficiency plan that is expected to reduce expenses and improve adjusted EBITDA by approximately $5.6 million per year.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:06 am

AIRS

Airsculpt Technologies forecasts Q2 revenue of about $55.7M, a 12.2% increase year-over-year, beating the consensus estimate of $53.75M.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:05 am

PAYO

Payoneer is planning to reinvest some savings from its workforce reduction plan into future growth initiatives. The company expects an annualized future benefit to its operating expenses of approximately $20 million in connection with the plan. The impact on its 2023 guidance is still being evaluated.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 8:37 pm