Market-Moving News for August 11th
Portfolio Pulse from ryanfaloona@benzinga.com
Telesat Corp reported Q2 results and announced a $2.1 billion deal with MDA as the prime satellite manufacturer for its advanced Telesat Lightspeed Low Earth Orbit constellation. Archer Aviation announced a $215 million investment and a litigation settlement and collaboration with Wisk Aero and Boeing. Eton Pharmaceuticals reported Q2 EPS of $0.18, beating the $(0.09) estimate, and sales of $12.00M, beating the $6.51M estimate.
August 11, 2023 | 12:26 pm
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POSITIVE IMPACT
Archer Aviation announced a $215 million investment and a litigation settlement and collaboration with Wisk Aero and Boeing.
The investment and the collaboration with Wisk Aero and Boeing are positive news that could increase investor interest and push the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Eton Pharmaceuticals reported Q2 EPS of $0.18, beating the $(0.09) estimate, and sales of $12.00M, beating the $6.51M estimate.
The better-than-expected Q2 results are likely to increase investor confidence and push the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Telesat reported Q2 results and a $2.1 billion deal with MDA for satellite manufacturing.
The Q2 results and the significant deal with MDA are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100