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GHL

Greenhill & Co (NYSE:GHL) reported Q2 earnings of $0.21 per share, missing the analyst consensus estimate of $0.30 by 30 percent. This is a 120.39 percent increase over losses from the same period last year. The company also reported quarterly sales of $71.44 million, missing the analyst consensus estimate of $71.47 million by 0.05 percent, a 98.16 percent increase over sales from the same period last year.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 10:23 pm

HYFM

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) reported Q2 2023 financials with net sales of $63.1 million, down from $97.5 million, but gross profit surged to $14.5 million from $7.3 million. Adjusted EBITDA turned positive at $2.5 million from $(6.8) million. CEO Bill Toler expressed confidence in the firm's future, highlighting robust gross margin expansion and cost reductions. The 2023 outlook anticipates net sales of $230-240 million, positive adjusted EBITDA, and encouraging free cash flow. Shares of Hydrofarm were up 3.81% after the report.

Portfolio Pulse from Nicolás Jose Rodriguez

August 09, 2023 | 10:01 pm

CERT

Certara has reduced its FY23 revenue guidance from $370M-$385M to $345M-$360M, which is below the consensus estimate of $377.16M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:55 pm

PENN

Dave Portnoy has bought back Barstool Sports from Penn Entertainment for $1. Penn Entertainment, which spent $551 million to acquire Barstool, expects to record a loss of between $800 million-$850 million on the deal. Penn has also announced a deal with ESPN to rebrand its Barstool Sportsbook as ESPN Bet, for which it will pay ESPN $1.5 billion and $500 million in stock warrants.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 9:52 pm

SSKN

STRATA Skin Sciences has reduced its 2023 revenue outlook from $38M-$40M to $35M-$38M, which is lower than the estimated $38.61M. The company attributes this adjustment to a slowdown in capital expenditure spending and macroeconomic factors impacting equipment sales.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:51 pm

AMSC

AMSC has projected its Q2 revenues to be between $29M-$32M, compared to the estimated $30.4M. The company also anticipates that its adjusted EPS will not exceed $(0.19), which is lower than the estimated $(0.12).

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:44 pm

HYFM

Hydrofarm has projected its FY23 net sales to be around $230M-$240M, which is significantly lower than the estimated $280.2M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 9:43 pm

DWAC

Digital World Acquisition Corp (DWAC) has amended its merger agreement with Trump Media & Technology Group, extending the outside date to Dec. 31, 2023. The company also plans to create a new class of common stock called 'High Vote Common Stock'. This news led to a 4.82% increase in DWAC's after-hours trading.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 9:40 pm

NGMS

NeoGames (NASDAQ:NGMS) reported Q2 sales of $47.91 million, missing the analyst consensus estimate of $59.90 million by 20.02 percent. However, this represents a 127.57 percent increase over sales of $21.05 million in the same period last year.

Portfolio Pulse from mahesh@benzinga.com

August 09, 2023 | 9:38 pm

CGC

Canopy Growth Corporation reported Q1 earnings, beating analyst consensus estimates with sales of CA$109 million, a 26.32% increase YoY. The company's shares rose in after-hours trading. CEO David Klein highlighted the company's stability, consistency, and positive momentum, along with a substantial reduction in expenses.

Portfolio Pulse from Ryan Gustafson

August 09, 2023 | 9:36 pm