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DTSS

IPW

Datasea Inc. (DTSS) pre-announced an estimated revenue of $12.5M for April 2024, supporting its FY24 revenue guidance of $86M, indicating a significant year-over-year increase. This growth is attributed to its 5G multimodal communication business in China. The company also highlighted its advancements in AI and intelligent acoustics technology, including a partnership with iPower Inc. (IPW) to distribute its acoustic products in the U.S. market. Datasea's financial results are preliminary and subject to adjustments.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:05 pm

SPCE

Virgin Galactic Holdings Inc (NYSE:SPCE) shares surged 12.8% to $1.07 after announcing a new system integration facility in Southern California for Delta Class spaceships and ahead of its Q1 earnings report. The facility will enhance production and safety with an 'Iron Bird' testing platform for subsystems like avionics and hydraulics. The move aims to transition from prototype to production, targeting commercial service by 2026 with a goal of eight space missions per month.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 2:04 pm

HII

HII, a leading manufacturer of underwater unmanned vehicles (UUVs), announced the sale of three REMUS 100s and five REMUS 300s to the Royal Navy, marking a significant milestone in the partnership between HII and the UK military. This sale is part of a long history of collaboration, with the UK's Ministry of Defence acquiring various REMUS models over the past 20 years for mine countermeasure operations. The REMUS UUVs are known for their versatility, reliability, and advanced sensor capabilities, enhancing the Royal Navy's operational efficiency in maritime missions. HII has sold over 600 UUVs globally, including to 14 NATO member countries.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:03 pm

BWMX

Betterware de Mexico S.A.P.I. de C.V. (NASDAQ:BWMX), known for its innovative consumer products, has expanded into the U.S. market with a new office in Dallas, Texas. This move is part of its growth strategy, leveraging its multi-year period of consistent, organic growth. The U.S. expansion aims to tap into an untapped customer base and capitalize on Dallas's distribution network and talent pool. Betterware, a leading direct-to-consumer company in Mexico, plans to introduce over 250 new products in 2024 and expand its direct selling arm in Texas.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:02 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) has initiated operations at its new Delta spaceship ground testing facility in Southern California, featuring an 'Iron Bird' test rig for subsystem verification. This move marks a significant step in the development of the Delta Class spaceships, aiming to streamline production and enhance safety. The facility will test and validate various subsystems, including avionics and hydraulics, to expedite the Delta Class development. Virgin Galactic plans to increase the testing scope throughout the year, supporting a transition from prototype to production model and maintaining the 2026 commercial service launch timeline.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:57 pm

INTC

NVDA

TSM

Intel Corporation (INTC) reported a 9% YoY revenue increase to $12.7 billion for the first quarter, slightly missing expectations but surpassing EPS estimates. Despite a challenging quarter, Intel is optimistic about catching up with competitors like TSM and NVDA by 2026, particularly in the AI chip market. Intel's new AI processor, Gaudi 3, is expected to compete directly with NVDA's GPUs, aiming for significant sales in the second half of the year. However, Intel's Q2 guidance was below analyst expectations.

Portfolio Pulse from Upwallstreet

May 06, 2024 | 1:57 pm

LILM

Lilium N.V (NASDAQ:LILM) shares surged after announcing a partnership with UrbanLink, which will purchase 20 Lilium Jets for its operations in South Florida. This marks a significant milestone for Lilium and the commercialization of eVTOLs in the U.S., highlighting a growing market demand. UrbanLink, led by Ed Wegel, chose Lilium for its jet's design, range, and cost-effectiveness, aiming to revolutionize urban mobility. Lilium's stock rose 18.3% to $1.23 following the announcement.

Portfolio Pulse from Adam Eckert

May 06, 2024 | 1:52 pm

EMN

SEE

Eastman and Sealed Air have partnered to develop certified compostable protein trays, offering a sustainable alternative to traditional polystyrene trays. This collaboration highlights the commitment of both companies to sustainable innovation in packaging solutions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:49 pm

WETH

Wetouch Technology Inc. (NASDAQ:WETH) has launched its second-generation touchscreen products, receiving $15M in orders from major clients like Siemens, Canon, and Sharp. These products are expected to significantly contribute to the company's sales revenue this fiscal year, highlighting the strong market demand for Wetouch's innovative touchscreen solutions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:46 pm

AAPL

META

Apple Inc (NASDAQ:AAPL) reported its fiscal Q2 results with a slight revenue increase over Wall Street expectations but saw a drop in overall revenue and iPhone sales. The company announced a $110 billion share buyback, its largest ever, representing a 22% increase YoY. Revenue fell 4% YoY to $90.75 billion, with iPhone sales down 10% YoY. However, services revenue was a highlight, growing 14.2% YoY to $23.9 billion. Apple did not provide official guidance but expects low single-digit sales growth in the June quarter. The company remains secretive about its AI plans, with more details expected at its June developer event.

Portfolio Pulse from Upwallstreet

May 06, 2024 | 1:41 pm