Streetbeat News

Revenues

MU

Raymond James analyst Srini Pajjuri maintains an Outperform rating on Micron Technology, Inc (NASDAQ:MU), despite expecting a potential revenue decline due to China's CAC decision. However, he believes the impact will be short-lived and anticipates a cyclical recovery starting in the second half of FY23. He also expects customer inventories to normalize by the calendar 4Q and predicts better supply discipline in the industry due to the current downturn.

Portfolio Pulse from Anusuya Lahiri

June 27, 2023 | 7:54 pm

MANU

Manchester United has raised its FY23 revenue outlook, which has led to a rise in its share prices. This comes ahead of a potential sale of the company.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 7:28 pm

Z

ZG

Zillow's stock is trading higher due to strong May new home sales data, which has also strengthened other housing-related stocks.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 6:27 pm

LCID

Aston Martin plans to double revenues and quadruple profits within the next five years, aiming for revenues of £2.5bn and EBITDA of £800m by 2028. The company recently announced a £182m partnership with US start-up Lucid to bolster its electrification strategy. Aston Martin's shares have quadrupled since November, with a significant boost after Hangzhou-based carmaker Geely doubled its stake in the marque to 17 per cent.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 4:20 pm

AREC

Iceberg Research published a report on American Resources Corporation (AREC) titled 'American Resources ($AREC): More Losses, Hype, And Related Party Transactions', highlighting the company's financial issues and related party transactions.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 3:19 pm

SPY

The Dallas Fed Services Revenues for June came in at 3.6, lower than the estimated 6.0 and the prior figure of 6.9.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:31 pm

BAH

Booz Allen Hamilton Holding Corp (NYSE:BAH) has secured a position on the IRS Enterprise Development, Operations Services (EDOS) contract, a Blanket Purchase Agreement with a ceiling value of $2.6 billion. The contract has a performance period of seven years and will aid the IRS in modernizing mission-critical applications.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 2:21 pm

TSXV:MUSH

The Good Shroom Co Inc. (TSXV:MUSH) reported its first profitable quarter with net revenue of CA$1 million ($759,000), a 144% YoY increase. Gross margin was 27%, and net profit was CA$13,660. The company's cannabis division performed well, while wellness beverage sales remained flat.

Portfolio Pulse from Vuk Zdinjak

June 27, 2023 | 2:06 pm

SPY

New home sales for May reached 763K, significantly surpassing the estimated 675K and the prior month's 680K.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 2:02 pm

J

PLTR

Jacobs Solutions Inc (NYSE:J) has signed a three-year Engineering Partnering Agreement with Fortescue Future Industries (FFI) to support its global ammonia, green hydrogen, and renewable energy projects. The deal will see Jacobs assisting FFI on various decarbonization projects from concept to Final Investment Decision.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 2:00 pm