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ANGO

AngioDynamics has reaffirmed its fiscal year 2024 net sales to be in the range of $328 to $333 million, with a gross margin of approximately 50% to 52% and an adjusted loss per share in the range of $0.28 to $0.34. These figures are in line with consensus estimates. The company's FY23 pro forma revenue, gross margin, and adjusted loss per share, excluding assets divested to Merit Medical, were $306.3 million, 50.5%, and $0.43, respectively.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:11 am

TLRY

Tilray Brands has reiterated its adjusted EBITDA target for FY24, expecting it to be between $68M-$78M, an increase of 11%-27% year over year. The company also anticipates generating positive adjusted free cash flow.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:09 am

PXLW

Pixelworks has announced that it expects its Q4 total revenue to be at least $19M, which is higher than the estimated $17M.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:09 am

PEV

Phoenix Motor Inc. (NASDAQ:PEV) has launched its Gen 4 retrofit electrification solution for medium-duty vehicles. The solution can be used to electrify a range of current internal combustion engine vehicles. The retrofit solutions aim to alleviate the cost of new EVs and long lead times due to limited availability, allowing fleets to electrify their existing assets, lower capital requirements, and reduce the time to deploy zero-emission alternatives.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:05 am

TSE

Jefferies analyst Laurence Alexander has downgraded Trinseo (NYSE:TSE) from Buy to Hold and lowered the price target from $22 to $9.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:00 am

ATEN

A10 Networks Inc's shares are down by around 13% due to worse-than-expected preliminary Q3 revenues and Q4 guidance. The company cites industry headwinds and delays from North American service provider customers as reasons for the downturn. Despite this, the company maintains robust profitability and cash generation, preserving a strong balance sheet.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 11:00 am

AYI

Acuity Brands, Inc (NYSE:AYI) reported a 9% YoY decline in Q4 FY23 net sales to $1.01 billion, slightly missing the consensus of $1.02 billion. However, its adjusted EPS of $3.97 beat the consensus of $3.72. The company's adjusted operating margin grew by 80 bps to 16.1%, and it generated $578.1 million in operating cash flow for the full year 2023, up from $316.3 million in 2022.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 10:57 am

RPM

RPM International has reaffirmed its FY24 outlook, expecting mid-single digit sales growth and low-double digit to mid-teen adjusted EBIT growth.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:50 am

HELE

Helen of Troy Limited (HELE) has projected its adjusted earnings per share (EPS) for FY24 to be between $8.50 and $9.00, compared to the estimated $8.91.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:50 am

FIBK

Wells Fargo analyst Steven Shaw has downgraded First Interstate BancSys (NASDAQ:FIBK) from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:50 am