Streetbeat News

Revenues

MSFT

Microsoft is reportedly charging some Office 365 customers an additional 40% to test AI features. This move could potentially generate more revenue for the company, but may also face backlash from customers.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 1:04 pm

BA

Boeing CEO stated that fixed price defense programs are 'cash drains' and the company will not engage in them again. Supply chain stability could affect the projected free cash flow of $10B in 2025-2026.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:56 pm

BON

Bon Natural Life Limited (NASDAQ:BON) has launched three new cruciferous vegetable-based powder drinks, expanding its health supplement series. The company aims to tap into the growing health-awareness trend in China's beverage industry.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:32 pm

SPY

Private nonfarm payrolls for May significantly exceeded expectations, with 283,000 jobs added compared to the 160,000 expected.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:30 pm

GWRE

Guidance Software reported mixed Q3 financial results and issued FY23 revenue guidance below consensus estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:28 pm

AAPL

Apple Inc plans to expand its retail presence in Asia, Europe, and the US, with a focus on India. The company aims to open three new flagship stores in India and 15 new stores across the Asia-Pacific region over the next four years. Apple's expansion strategy involves 53 new, relocated, or remodeled stores.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 02, 2023 | 12:25 pm

CXXIF

C21 Investments reported a 12.4% decline in FY23 revenue to $28.9 million and retired its $30 million senior secured note. The company's gross profit margin decreased to 46.4% from 57% in the previous year.

Portfolio Pulse from Vuk Zdinjak

June 02, 2023 | 12:15 pm

PD

PagerDuty shares are trading lower after the company issued weak revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:14 pm

LPTV

Loop Media expects Q3 revenue of $5.4M-$5.6M, lower than the estimated $8.3M, and an operating loss of $7.6M-$7.9M. The company anticipates a 20% reduction in underlying SG&A expenses and a gross profit margin of 30%-33% for the quarter ending June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:06 am

MRM

MEDIROM Healthcare Technologies (MRM) has approved a reorganization plan to transfer its Digital Preventative Healthcare business to a new wholly-owned subsidiary and its salon development and general corporate departments to an existing subsidiary. This move aims to strengthen the Digital Preventative Healthcare business and improve the competitiveness of each subsidiary.

Portfolio Pulse from Charles Gross

June 02, 2023 | 9:12 am