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CPRI

TPR

Capri Holdings Ltd (CPRI), the owner of Michael Kors, Jimmy Choo, and Versace, is reportedly in talks to be acquired by Tapestry Inc (TPR), the owner of Coach. The deal, which has been under discussion for months, could be announced soon and is expected to be valued in the high single-digit billions. Capri's shares jumped by 33.55% in premarket trading following the news.

Portfolio Pulse from Shivani Kumaresan

August 10, 2023 | 10:12 am

SMR

Nuscale Power has entered into a sales agreement for a common stock offering of up to $150 million.

Portfolio Pulse from Charles Gross

August 10, 2023 | 10:10 am

SIX

Six Flags Entertainment Corporation's Q2 report shows a decrease in total guest spending per capita by 5% to $60.76 and admissions spending per capita by 7% to $33.79. However, total revenue increased by 2% to $444 million, and attendance rose by 6%. Net income attributable to Six Flags dropped by 55% to $21 million, and net income per share decreased by 53% to $0.25.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:06 am

EYE

National Vision Holdings, Inc. (NASDAQ:EYE) has reiterated its FY23 revenue guidance of $2.075B-$2.135B, compared to the consensus estimate of $2.11B. The company also expects its adjusted EPS to be between $0.42 and $0.60, versus the consensus estimate of $0.51. Additionally, National Vision plans to open 65 to 70 new stores in FY23.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:06 am

YETI

Yeti has increased its FY23 sales growth outlook from 3% - 5% to 4% - 5%.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:05 am

GGR

Gogoro has revised its FY23 revenue outlook from $400M-$450M to $340M-$370M due to potential ongoing soft ePTW demand in the Taiwan market. The company expects to generate approximately 95% of its 2023 full-year revenue from the Taiwan market.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:05 am

YETI

Yeti has increased its FY23 adjusted EPS outlook from $2.12 - $2.23 to $2.23 - $2.32, which is higher than the estimated $2.19.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:04 am

EYE

National Vision Holdings (NASDAQ:EYE) reported Q2 adjusted earnings of $0.17 per share, beating the analyst consensus estimate of $0.09 by 88.89%. However, this is a 19.05% decrease from the same period last year. The company also reported quarterly sales of $525.34 million, slightly beating the estimate of $525.15 million by 0.04%, and marking a 3.10% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 10:02 am

AMRN

BXSL

DNA

INVZ

MGNI

ORGN

PLUG

TASK

TTD

Several stocks recorded losses in Thursday's pre-market trading session. Origin Materials, Innoviz Technologies, Magnite, TaskUs, Plug Power, Blackstone Secured Lending Fund, Ginkgo Bioworks Holdings, Amarin Corporation, and The Trade Desk all saw declines. The drops were largely due to mixed Q2 financial results and weak sales outlooks.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 10:00 am

DAL

Wheels Up Experience Inc (UP) is in active discussions about strategic business partnerships and has raised concerns about its ability to continue operations without additional funding. The company has received a short-term capital infusion from Delta Air Lines Inc (DAL) and has signed a non-binding letter of intent with Airshare to sell its non-core aircraft management business. Wheels Up has postponed its earnings call and plans to file its Form 10-Q by August 14, 2023. UP shares are trading lower by 5.77% premarket.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 9:49 am