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CCCS

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) has priced its secondary offering of 65 million shares at $10.50 per share. The offering, which is an increase of 15 million shares from the previously announced size, is expected to close on November 13, 2023. The shares are being sold by affiliates of Advent International, L.P., and CCC Intelligent Solutions will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:40 am

BGSF

BGSF reported Q3 adjusted earnings of $0.36 per share, beating the analyst consensus estimate of $0.30 by 20%. However, the company's quarterly sales of $83.48 million missed the analyst consensus estimate of $84.85 million by 1.61%. This represents a 25% decrease in earnings and a 6.33% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:40 am

BTG

B2Gold (AMEX:BTG) reported Q3 earnings of $0.05 per share, missing the analyst consensus estimate of $0.07 by 28.57%. The company also reported quarterly sales of $477.89 million, missing the analyst consensus estimate of $481.56 million by 0.76%. Despite the misses, both earnings and sales increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:36 am

AC

Associated Cap Gr (NYSE:AC) reported a 14.13% decrease in sales this quarter, with sales of $2.20 million compared to $2.56 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:35 am

WIX

Wix.com has raised its FY23 revenue guidance to $1.558B-$1.563B, up from the previous $1.543B-$1.558B, and above the consensus of $1.56B. The company expects 4Q23 revenue to be $400M-$405M, representing a 13-14% YoY growth, significantly higher than the consensus of $299.28M. Wix.com also anticipates positive GAAP net income for the full year 2023 and 2024, and has increased its outlook for free cash flow to $235-$240 million.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:31 am

SONY

Sony Group Corp has revised its FY23 sales forecast to $87.32B, down from the previous estimate of $90.37B, but still above the estimated $82.8B. The company also expects an EPS of $6.20, down from $6.37 but higher than the estimated $5.08.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:27 am

MT

ArcelorMittal (NYSE:MT) reported Q3 earnings of $1.10 per share, beating the analyst consensus estimate of $0.96 by 14.58%. However, this is a 0.9% decrease from the same period last year. The company's sales this quarter were $16.62 billion, a 12.41% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 6:58 am

DIS

PENN

Disney CEO Bob Iger outlined four strategies to revive the company's growth: Parks and Resorts, Studio, ESPN, and streaming. The company aims to achieve significant profitability in streaming, transform ESPN into a leading digital sports platform, improve film studios' output and economics, and boost growth in the experiences business. Disney plans to roll out a more unified one-app experience domestically, which will increase engagement, advertising opportunities, and reduce churn and customer acquisition costs. The company also plans to launch a beta version for bundled subscribers in December 2024. Disney's shares rose 3.29% to $87.28 in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

November 09, 2023 | 6:40 am

DIS

Disney's streaming service in India, Disney+ Hotstar, reported a loss of approximately 2.8 million subscribers from July to September, according to its Q3 earnings report. This follows the loss of rights to broadcast the Indian Premier League, which led to nearly 23 million subscribers leaving the platform in the past year. Meanwhile, Disney+ core subscriber count saw a 7% increase in the quarter. Rumors suggest Disney is planning to sell its business in India, with Mukesh Ambani being the leading contender for the acquisition.

Portfolio Pulse from Utkarsh Roshan

November 09, 2023 | 5:43 am

ARKF

ARKK

ARKW

GBTC

HOOD

PACB

ROKU

TXG

Cathie Wood's Ark Invest purchased over $9.5 million worth of shares in Robinhood Markets Inc (NASDAQ:HOOD), despite its mixed third-quarter earnings report. The shares were purchased through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). Ark also increased stakes in Pacific Biosciences of California (NASDAQ:PACB) and 10X Genomics Inc (NASDAQ:TXG), sold Roku Inc (NASDAQ:ROKU) shares, and divested from Bitcoin Investment Trust (OTC:GBTC).

Portfolio Pulse from Benzinga Neuro

November 09, 2023 | 4:42 am