Streetbeat News

Stock Prices

VLN

Valens Semiconductor has reaffirmed its FY23 revenue guidance of $83.8M-$84.2M, which is in line with the $83.97M estimate. The company also expects its adjusted EBITDA loss to be $12.5M-$11.9M, an improvement from the previous outlook of $16.2M-$15.6M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:12 am

LFST

LifeStance Health Group, Inc. (LFST) has projected its Q4 revenue to be between $255M and $265M, which is in line with the consensus estimate of $261.98M. The company also expects its center margin to be between $73M and $81M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:07 am

LFST

LifeStance has revised its FY23 revenue outlook to $1.03B-$1.04B, up from the previous $1.01B-$1.04B. The consensus was $1.03B. The company also increased its center margin outlook to $292M-$300M, up from $280M-$300M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:05 am

LL Flooring has reported a decrease in Q3 total comparable store sales by 20.5%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:01 am

ARRY

BMBL

CDLX

CPNG

EBAY

FLYW

HOOD

MASI

MGIC

NRDY

SMFG

SNBR

SPR

TOST

UPST

Several US stocks traded lower in Wednesday's pre-market session. Sleep Number Corporation (SNBR), Nerdy, Inc. (NRDY), Upstart Holdings, Inc. (UPST), Toast, Inc. (TOST), Magic Software Enterprises Ltd. (MGIC), Flywire Corporation (FLYW), Spirit AeroSystems Holdings, Inc. (SPR), Array Technologies, Inc. (ARRY), Masimo Corporation (MASI), Cardlytics, Inc. (CDLX), Bumble Inc. (BMBL), eBay Inc. (EBAY), Robinhood Markets, Inc. (HOOD), Coupang, Inc. (CPNG), and Sumitomo Mitsui Financial Group, Inc. (SMFG) all recorded losses. Most of these losses were due to weak financial results or forecasts.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 10:58 am

VRSK

Verisk, a leading data analytics provider, estimates that the insured losses from Winter Storm Ciarán will range from €800 million to €1.3 billion. This estimation is based on the company's proprietary catastrophe models.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:55 am

EBAY

eBay Inc's shares are trading lower by around 6% after reporting Q3 FY23 earnings. The company's revenue rose 5% Y/Y to $2.500 billion, slightly missing the consensus of $2.502 billion. Adjusted EPS of $1.03 beat the consensus of $1.00. The company declared a dividend per share of $0.25. In Q3, eBay repurchased $651 million of its common stock. For Q4, eBay expects revenue and adjusted EPS of $2.47 billion - $2.53 billion and $1.00 - $1.05 respectively.

Portfolio Pulse from Lekha Gupta

November 08, 2023 | 10:44 am

FXI

SPY

Federal Reserve Governor Lisa Cook has highlighted persistent inflationary pressures and unexpected policy rate increases abroad as potential risks to the global financial system. She also noted that a further slowdown in China could exacerbate financial stresses, leading to possible international spillovers.

Portfolio Pulse from Charles Gross

November 08, 2023 | 10:43 am

SPY

Senator Rick Scott criticized Federal Reserve Chair Jerome Powell for the Fed's balance sheet problems, blaming him and his predecessors for the increase from $800 billion to around $9 trillion. Scott also criticized the lack of accountability among Fed officials. The SPDR S&P 500 ETF Trust (NYSE:SPY) edged down 0.07% in premarket trading on Wednesday.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 10:40 am

FGBI

Piper Sandler analyst Stephen Scouten has downgraded First Guaranty Bancshares (NASDAQ:FGBI) from Neutral to Underweight and lowered the price target from $12 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:37 am