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Stock Prices

GTES

Gates Industrial has announced the pricing of a secondary offering of 15 million ordinary shares by certain selling stockholders affiliated with Blackstone at $11.75 per share.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:23 am

AVNS

Avanos Medical, Inc. (NYSE:AVNS) has projected an adjusted diluted EPS of $1.05-$1.15 for FY23, which is lower than the consensus of $1.52. The company also anticipates low single-digit organic growth and adjusted gross margins greater than 59% for the second half of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:22 am

GLBE

Global-E Online Ltd (NASDAQ:GLBE) reported Q2 FY23 sales growth of 53% YoY, beating consensus estimates. The company also raised its FY23 revenue outlook. Despite this, shares fell 5% on Tuesday, but gained 1.6% in pre-market trading. Post earnings, analysts from Needham, Keybanc, Raymond James, and Piper Sandler raised their price targets on Global-E Online.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 11:22 am

VSH

Vishay Intertechnology has projected its Q3 revenue to be between $840M and $880M, which is lower than the estimated $881.47M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:18 am

BXSL

Blackstone Secured (NYSE:BXSL) reported Q2 earnings of $1.06 per share, beating the analyst consensus estimate of $0.98 by 8.16%. This is a 70.97% increase from the same period last year. The company also reported quarterly sales of $290.37 million, beating the analyst consensus estimate of $270.69 million by 7.27%, a 55.28% increase from the same period last year.

Portfolio Pulse from bharat@benzinga.com

August 09, 2023 | 11:15 am

AXTA

EXFY

VAC

Insiders at Axalta Coating Systems Ltd. (AXTA), Expensify, Inc. (EXFY), and Marriott Vacations Worldwide Corporation (VAC) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as a bargain. However, all three companies reported worse-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 11:14 am

BHIL

Benson Hill has reaffirmed its FY23 sales guidance of $390M-$430M, which is in line with the consensus of $428.02M. The company also plans to reduce operating expenses by $10M annually starting in 2024.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:14 am

BCO

Brink's has reaffirmed its full-year 2023 guidance, with expected revenues of $4.80B-$4.95B, compared to the consensus estimate of $4.91B. The company also expects adjusted EPS to be between $6.45 and $7.15, against the consensus estimate of $6.80.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:13 am

VVV

Valvoline has raised its FY23 adjusted net income outlook to $185M-$200M from the previous $160M-$180M. The company is focused on creating value for shareholders by growing the core business, expanding the network, and evolving with the car parc.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:12 am

VST

Vistra (NYSE:VST) reported Q2 sales of $3.19 billion, missing the analyst consensus estimate of $5.91 billion by 46.04 percent. However, this represents a 100.82 percent increase over sales of $1.59 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:10 am