Streetbeat News

Revenues

TU

TELUS Corporation (NYSE:TU) announced investments worth C$81 billion across Canada for network infrastructure, operations, and spectrum over the next five years. The investments include C$19 billion in Alberta, C$18.5 billion in British Columbia, and C$28 billion in Ontario. TELUS will continue to roll out 3500 MHz spectrum on its 5G network and advance healthcare and smart living solutions.

Portfolio Pulse from Lekha Gupta

May 23, 2023 | 4:51 pm

DAL

Delta Air Lines expects to fly nearly 2.8 million customers over the five-day Memorial Day holiday period, a 17% increase over 2022.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 4:36 pm

VLVLY

Volvo AB has signed a long-term agreement with Vattenfall, Sweden's largest producer of renewable electricity. Volvo Group will purchase 50% of the renewable electricity produced at Bruzaholm wind park in Sweden for 10 years starting in Q4 2025. The partnership supports Volvo's commitment to achieve net-zero greenhouse gas emissions by 2040.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 4:20 pm

MU

PERI

YELP

TCS Capital Management has built a stake in Yelp and urged the company to explore strategic alternatives, including a sale. Micron Technology projects the recent China ban on memory chip sales to curb revenues. Spruce Point Capital raises concerns about Perion Network's financial practices.

Portfolio Pulse from Vandana Singh

May 23, 2023 | 1:49 pm

NMM

Navios Maritime Partners (NMM) reported Q1 2023 revenue growth of 30.8% Y/Y to $309.5 million, missing the consensus of $312 million. Adjusted EPS was $2.13, missing the consensus of $3.16. The company is modernizing its fleet by selling old vessels and acquiring new ones, with a goal to reduce leverage so that net LTV falls within the range of 20% to 25%.

Portfolio Pulse from Lekha Gupta

May 23, 2023 | 1:23 pm

MU

Micron Technology Inc (NASDAQ:MU) expects the recent China ban on memory chip sales to negatively impact revenues. The company's CFO estimates the impact to be in the low to high single-digit percentage of total company revenue. The Cyberspace Administration of China flagged cybersecurity issues with Micron products and urged domestic firms to stop buying from Micron.

Portfolio Pulse from Lekha Gupta

May 23, 2023 | 1:20 pm

ROMJF

Rubicon Organics Inc. reported Q1 2023 net revenue of CA$8.8 million ($6.5 million), a 71% YoY increase, driven by the expansion of 1964 Supply Co, continued range expansion, and a new hero strain with Comatose. Gross profit was CA$3.2 million, and adjusted EBITDA was CA$168,665.

Portfolio Pulse from Vuk Zdinjak

May 23, 2023 | 1:19 pm

WSM

Williams-Sonoma has reiterated its FY23 and long-term guidance, expecting a net revenue growth of -3% to +3% for FY23.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:06 pm

SPY

Redbook reported a 1.5% year-over-year increase in retail sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:56 pm

SDRL

Seadrill Limited reported Q1 2023 operating revenue of $266 million, a 17% increase Q/Q, with a technical utilization of 96%. The company added $39 million of order backlog during the quarter, totaling $2.2 billion. Seadrill completed the acquisition of Aquadrill last month, adding $470 million in order backlog.

Portfolio Pulse from Lekha Gupta

May 23, 2023 | 12:53 pm