Streetbeat News

Earnings

TSLA

Tesla reported a decline in volumes, attributing it partially to the early phase of the production ramp of the updated Model 3 at its Fremont factory. Additionally, factory shutdowns were caused by shipping diversions due to the Red Sea conflict and an arson attack at Gigafactory Berlin.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:06 pm

TSLA

Tesla announced its Q1 performance, reporting the production of over 433,000 vehicles and the delivery of approximately 387,000 vehicles. Additionally, the company deployed 4,053 MWh of energy storage during the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:05 pm

HLT

SLB

WYNN

Wynn Resorts, Hilton Worldwide, and Schlumberger were featured on CNBC's 'Halftime Report Final Trades'. Wynn Resorts reported Q4 earnings surpassing estimates with a significant sales increase. Hilton Worldwide is anticipated to report strong Q1 2024 earnings. Schlumberger announced a major deal to merge its carbon capture division, owning 80% of the combined business post-transaction. The stocks of Wynn Resorts and Schlumberger saw gains, while Hilton Worldwide experienced a slight decline.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 1:05 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) announced a one-year time charter contract for its containership, M/V Synergy Antwerp, at a daily rate of $26,500, starting April 2, 2024. The ship underwent retrofits, including energy-saving devices, expected to reduce CO2 emissions by 9,800 metric tons annually. These upgrades are part of Euroseas' efforts to modernize its fleet and reduce its carbon footprint. The charter is expected to contribute about $6.5 million of EBITDA and increases Euroseas' 2024 charter coverage to 80%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:03 pm

EL

Estee Lauder Cos (NYSE:EL) has been evaluated by 12 analysts over the last three months, showing a diverse range of opinions. Recent updates include raised price targets and ratings, with an average 12-month price target of $160.17, marking a 17.0% increase from the previous average of $136.90. The company is a leader in the global prestige beauty market but faces challenges with a -7.38% revenue growth decline over 3 months. Despite this, it maintains strong profitability metrics.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 1:00 pm

VEEV

20 analysts have recently reviewed Veeva Systems (NYSE:VEEV), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $243.5, up from $219.00, indicating an 11.19% increase. Analysts' ratings range from 'Buy' to 'Underweight', with several maintaining their previous ratings and others raising their price targets. Veeva Systems, a leading provider of cloud-based solutions for the life sciences industry, has shown strong financial performance with a revenue growth rate of 11.93%, a net margin of 23.37%, and an ROE of 3.27%.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 1:00 pm

MVST

Microvast targets a Q1 2024 revenue growth of 40%-60% YoY, with guidance of $65M-$75M, below the $132.84M estimate. The company aims for a gross margin of 20%-25%, plans to complete Clarksville Phase 1A with financing solutions, and secure long-term domestic customer contracts. It also reports new customer wins in APAC and EMEA, expanding its presence in the electrifying commercial vehicle markets.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:00 pm

COCO

CSCO

KGS

PLTR

TYL

UAL

Jim Cramer recommended buying Tyler Technologies (TYL) and holding Cisco Systems (CSCO). He suggested selling Kodiak Gas Services (KGS) due to its recent price increase and poor earnings report. Cramer praised Vita Coco (COCO) for its positive financial results and recommended 'ka-ching'-ing United Airlines (UAL) due to potential operational challenges. He also liked Palantir Technologies (PLTR) for its defense business, despite a downgrade by an analyst.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 12:58 pm

ONFO

Onfolio Holdings reported a Q4 2023 revenue of $1.27M, marking an increase from $1.12M in the same quarter the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:55 pm

EAST

Eastside Distilling's shares have declined due to the company reporting Q4 results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:53 pm