Streetbeat News

Earnings

JG

Aurora Mobile reported its Q1 adjusted EPS at $(0.01), an improvement from $(0.20) year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 7:43 am

JG

Aurora Mobile reported Q1 sales of $8.94 million, a decrease from $9.53 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 7:36 am

BTDR

Bitdeer announced a significant decline in Bitcoin mining output for May 2024, with a 35.7% drop compared to May 2023 and a 30.6% drop compared to April 2024. This decline is attributed to the Bitcoin 'halving' event in April 2024. The company continues to convert mined cryptocurrencies into fiat currency.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:57 am

UMC

UMC reported May 2024 sales of NT$19.509 million, marking a 3.9% year-over-year increase. The company's revenue for the January-May period also saw a 2.66% rise compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:49 am

LULU

NIO

SJM

SMTC

TTC

Key stocks to watch today include Lululemon Athletica, The J. M. Smucker Company, The Toro Company, Semtech Corporation, and NIO Inc. Lululemon reported strong Q1 results and increased its stock repurchase program, while Smucker, Toro, and NIO are set to release their earnings. Semtech reported better-than-expected Q1 results.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 6:46 am

ABM

ABM Industries Incorporated (NYSE:ABM) is set to release its second-quarter earnings before the opening bell on Thursday. Analysts expect earnings of 79 cents per share, down from 90 cents per share a year ago, with projected quarterly revenue of $2 billion. Despite better-than-expected first-quarter results and raised FY24 earnings guidance, recent analyst ratings have been mixed, with several downgrades and price target adjustments.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 6:40 am

ADXN

Addex Therapeutics (NASDAQ:ADXN) reported Q1 EPS of $(1.37), a significant improvement from $(5.20) YoY. However, sales decreased by 50.44% to $268.83K from $542.43K YoY.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 5:12 am

AMD

ARM

INTC

NVDA

QCOM

Tech investor Paul Meeks predicts that Nvidia will maintain its dominance in the AI chip market, despite competition from AMD, Intel, Qualcomm, and Arm Holdings. Nvidia announced its next-generation AI chips, including the Rubin GPU and Vera CPU, at the Computex tech conference. AMD also unveiled new accelerators, while Meeks expressed skepticism about Intel's AI claims.

Portfolio Pulse from Ananya Gairola

June 06, 2024 | 4:50 am

LULU

META

NVDA

TSLA

TSM

On Wednesday, the U.S. stock market saw gains with the Dow Jones, S&P 500, and Nasdaq all rising. Key stocks that gained attention included Nvidia, Meta, Taiwan Semiconductor, Lululemon, and Tesla. Nvidia reached a $3 trillion market cap, Meta faced scrutiny over acquisitions, Taiwan Semiconductor benefited from compliance with U.S. sanctions, Lululemon beat revenue estimates, and Tesla's FSD updates frustrated some subscribers.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 2:33 am

AAPL

NVDA

Nvidia Corporation (NASDAQ: NVDA) has surpassed Apple Inc. (NASDAQ: AAPL) in market capitalization, becoming the second most valuable company in the world. This shift highlights the strong growth trend in AI, contrasting with the innovation challenges faced by consumer electronics, as predicted by analyst Ming-Chi Kuo.

Portfolio Pulse from Ananya Gairola

June 06, 2024 | 2:07 am