Streetbeat News

Earnings

CXXIF

C21 Investments Inc. reported a net loss and a slight revenue increase for Q1 2024, with Nevada sales declining by 1%. The company faced inflationary pressures and internal inventory issues but expects improved margins in the second half of the year. The launch of a new dispensary and a recent acquisition are expected to drive future growth.

Portfolio Pulse from Nina Zdinjak

August 16, 2024 | 2:51 pm

PCLOF

PharmaCielo Ltd. (OTC:PCLOF) reported a 390% YoY revenue increase to CA$783,680 in Q2 2024, driven by cannabis derivative sales. Net loss narrowed to CA$2.6 million from CA$3.6 million in Q2 2023. The company issued 5.98 million shares for debt settlement and reduced operating expenses. Despite positive financial trends, PCLOF shares were down 4.78% to $0.0857.

Portfolio Pulse from Patricio Liddle

August 16, 2024 | 2:47 pm

BABA

MA

Ant Group, an affiliate of Alibaba Group Holding Limited (NYSE:BABA), is in talks to acquire the Chinese online healthcare platform Haodf.com. This move comes amid a 10.2% drop in Ant Group's profit due to regulatory hurdles. Ant Group is also collaborating with Mastercard Inc (NYSE:MA) to expand digital payment zones in China. Alibaba's stock has an average 1-year price target of $103.0, representing a 23.24% upside in 2025.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 2:43 pm

ICG

Intchains Group shares are trading higher following strong Q2 financial results. Benchmark maintained a Buy rating on the stock and raised its price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:41 pm

SYTA

Siyata Mobile shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:39 pm

STG

Sunlands Technology shares are trading higher following the company's Q2 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:36 pm

RNW

ReNew Energy Global shares are trading lower after the company reported a year-over-year decrease in Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:29 pm

ALVO

Alvotech shares are trading higher after the company reported a year-over-year increase in H1 financial results. The stock initially traded lower, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:28 pm

SYTA

Siyata Mobile Inc. (NASDAQ:SYTA) delivered SD7 handsets to the California Department of Parks and Recreation. Despite this, the company reported a significant decline in Q2 2024 earnings, with a 30.2% revenue drop and a widened net loss. However, the company expects a strong Q3 due to a backlog of orders.

Portfolio Pulse from Akanksha Bakshi

August 16, 2024 | 2:26 pm

AMBI

ASTS

BABA

CINT

CLBT

EBS

HRB

JD

JMIA

PL

PSNY

QXO

RKLB

SIGA

TMCI

H&R Block reported better-than-expected Q4 earnings and issued strong FY25 guidance, leading to a 16.4% rise in its stock price. Other notable gainers include Emergent BioSolutions, AST SpaceMobile, Rocket Lab USA, Planet Labs, Jumia Technologies, Polestar Automotive, SIGA Technologies, Ambipar Emergency Response, Treace Medical Concepts, CI&T, QXO, Cellebrite DI, JD.com, and Alibaba Group.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 2:15 pm