Streetbeat News

Stock Prices

TREX

Trex Company Inc. projects its Q4 revenues to be between $185M-$195M. This projection reflects both seasonally low demand and the expectation that year-end channel inventories will be below year-end 2022.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:45 pm

MPWR

Monolithic Power Systems reported Q3 financial results, issued Q4 guidance, and announced a $640 million stock repurchase program. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:44 pm

MPWR

Monolithic Power Systems, Inc. (MPS) has announced a new stock repurchase program that authorizes the company to repurchase up to $640 million of its common stock. The program will be funded from available working capital and cash repatriation from its Bermuda subsidiary. The repurchases will be made through open market repurchases, privately negotiated transactions or other structures, and may be suspended, modified, or discontinued at any time.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:44 pm

KFRC

Kforce has projected its Q4 2023 revenue to be between $359M and $367M, which is higher than the estimated $351.55M. The company also expects its EPS to be between $0.74 and $0.82, compared to the estimated $0.78.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:43 pm

WELL

Welltower has increased its 2023 full year normalized FFO per share attributable guidance from $3.51-$3.60 to $3.59-$3.63.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:42 pm

FMC

FMC Corporation has confirmed its full-year outlook, projecting a revenue of $4.48 billion to $4.72 billion, a 21% decline from 2022. The company also expects its adjusted EBITDA to be between $0.97 billion and $1.03 billion, a 29% decrease from the previous year. FMC has lowered its adjusted earnings per diluted share outlook to $3.57 to $4.13, a 48% decrease from 2022. The company's free cash flow outlook has been reduced to a range of negative $860 million to negative $640 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:40 pm

AENT

Alliance Entertainment Holding Corporation (NASDAQ:AENT) has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing its annual report on Form 10-K for the fiscal year ended June 30, 2023. The company received a written notice from the Nasdaq Stock Market LLC confirming its compliance.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:39 pm

OPI

Office Properties Income Trust reported Q3 FFO of $0.69, down from $1.11 YoY. However, the company's revenue of $133.361M beat the estimate of $132.744M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:38 pm

CHGG

Chegg reported Q3 financial results, issued Q4 guidance, and announced a 4% YoY decrease in Q3 Subscription Services revenues. This news led to a drop in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:36 pm

LSCC

Lattice Semiconductor has projected its Q4 revenue to be between $166M and $186M, which is lower than the estimated $195.81M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:36 pm