Streetbeat News

Earnings

IMCC

IM Cannabis Corp. (NASDAQ:IMCC) reported a 12% YoY increase in Q2 revenue to CA$14.8 million, driven by a 200% surge in German sales post-legalization. Despite the revenue growth, the company faced a significant drop in gross profit and an increased EBITDA loss. A share consolidation plan was also announced to attract institutional investors.

Portfolio Pulse from Jelena Martinovic

August 14, 2024 | 1:43 pm

XBIO

Xenetic Biosciences (NASDAQ: XBIO) reported Q2 EPS of $(0.83), missing the $(0.15) estimate by a significant margin. However, sales of $726.40K beat the $570.00K estimate.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:41 pm

PFGC

Performance Good Group shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:33 pm

FNV

Franco-Nevada shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:32 pm

AAPL

CWI

NVDA

TSM

XNTK

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has approved $29.62 billion in capital appropriations for enhancing chip manufacturing and expanding packaging technology. The company is also exploring panel-level fan-out technology and plans to invest $28-$32 billion this year in new facilities. TSM's board approved a $7.5 billion capital injection into its Arizona operations. The company has seen significant growth due to the AI wave, with a 45% revenue increase in July and expected Q3 revenue growth of 37%. Morgan Stanley named TSM a 'top pick.'

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 1:28 pm

NVDA

SERV

SHAK

UBER

Serve Robotics Inc (NASDAQ:SERV) shares surged after reporting better-than-expected Q2 revenue and announcing a partnership with Shake Shack Inc (NYSE:SHAK) for delivery via Uber Technologies Inc's (NYSE:UBER) Uber Eats. The company also highlighted significant growth in daily supply hours and active robots, and plans to expand its fleet to 2,000 robots by 2025. Nvidia Corp (NASDAQ:NVDA) holds a 10% stake in Serve Robotics.

Portfolio Pulse from Adam Eckert

August 14, 2024 | 1:28 pm

BIAF

bioAffinity Technologies (NASDAQ:BIAF) reported Q2 EPS of $(0.19), an improvement from $(0.20) YoY, and sales of $2.40M, a significant increase from $19.74K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:27 pm

ICAD

Icad shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:24 pm

IPWR

Ideal Power (NASDAQ:IPWR) reported Q2 EPS of $(0.31), an improvement from $(0.37) YoY, but missed sales estimates significantly with $1.33K against the expected $100.00K.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:23 pm

BABA

PNQI

SE

XNTK

Alibaba's Lazada achieved its first monthly profit in July 2024, driven by AI-enabled operations and improved logistics. Despite this, Lazada faces strong competition from Sea Limited's Shopee. Alibaba's international commerce retail business saw a 45% revenue increase in Q4, but its stock has declined over the past year due to domestic challenges.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 1:23 pm