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MGPI

MGP Ingredients has projected its FY23 sales to be between $815M and $835M, which is slightly below the estimated $829.76M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:06 pm

AAPL

HNHPF

Terry Gou, founder of Apple's lead supplier Foxconn, warns that a potential war involving Taiwan could cause a crash in the U.S. stock market. He stated that it could take as little as '10 seconds' for Wall Street to collapse in the event of a Taiwan Strait conflict. Apple, whose majority of iPhones are assembled by Foxconn in China, could be significantly affected by such a conflict.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 1:06 pm

IIPR

Innovative Industrial Properties, Inc. (IIPR) reported Q2 2023 revenue of $76.5 million, an 8% YoY increase. Net income attributable to common stockholders was $40.9 million, or $1.44 per diluted share, compared to $39.9 million or $1.42 per diluted share in Q2 2022. The company paid a quarterly dividend of $1.80 per common share, an increase of 11% YoY. Rent collection was 97% for the quarter. A new lease was executed at IIPR’s Perez Road property in Cathedral City, California.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 1:06 pm

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX), a diagnostics company, has been granted a 180-day extension by Nasdaq to meet the $1 minimum bid price requirement. The company was initially given until July 31, 2023, to regain compliance, but this has now been extended to January 29, 2024.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:05 pm

ETSY

Oppenheimer analyst Jason Helfstein maintains an Outperform rating on Etsy (NASDAQ:ETSY) but lowers the price target from $150 to $135.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:05 pm

NVMI

Nova's management has provided an outlook for Q3 2023, expecting revenues of $119M-$126M and adjusted EPS of $1.02 to $1.13. Both estimates are above the consensus of $122.43M in revenue and $0.97 in EPS.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:05 pm

PH

Parker Hannifin has projected a total sales growth of 3%-6% for FY24, with an adjusted EPS of $21.90-$22.90. The consensus estimate was $22.26.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:05 pm

HAS

LGF-A

LGF-B

Hasbro Inc reported a 10% YoY decline in Q2 FY23 sales to $1.21 billion, beating the analyst consensus. The company also reported an operating loss of $188.6 million. Hasbro has agreed to sell its eOne film and TV business to Lions Gate Entertainment for approximately $500 million. The company's outlook for FY23 revenue is a decline of 3-6%, driven by the Entertainment Segment. HAS shares are trading higher by 1.85% in premarket.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 1:04 pm

DNB

Dun & Bradstreet has revised its FY23 revenue estimates to $2.28B - $2.32B, up from the previous estimate of $2.26B to $2.3B. This is slightly below the consensus estimate of $2.29B. The company expects organic growth of 3.0% to 4.5%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:04 pm

SHOP

Shopify Inc. (NYSE:SHOP) reported better-than-expected Q2 earnings and sales results, with a 31% YoY increase in revenue to $1.69 billion. The company expects Q3 revenue to grow at a low-twenties percentage rate YoY. Following the announcement, Piper Sandler and Barclays raised their price targets on Shopify. Despite the positive results, Shopify shares fell 1.1% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:04 pm