Streetbeat News

Revenues

PEV

Phoenix Motor (NASDAQ:PEV) reported a significant improvement in its Q1 financial results, with earnings per share rising to $0.44 from a loss of $(0.13) last year, and sales increasing to $9.40 million from $1.78 million.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:20 pm

HZO

MarineMax anticipates its FY24 revenue to be slightly lower than expected due to the effects of Hurricane Helene. The company also expects to be at or near the low end of its Adjusted EBITDA guidance range for the fiscal year ending September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:18 pm

UMH

UMH Properties, Inc. reported a Q3 2024 equity market capitalization of over $1.5 billion. The company converted 179 new homes to revenue-generating status and increased occupancy rates. Gross home sales revenue rose by 10% year-over-year. UMH also raised $108.4 million through stock sales.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:18 pm

ABBV

AbbVie reported its Q3 earnings, including an $82M expense for acquired IPR&D and milestones, impacting both GAAP and adjusted EPS by $0.04. The FY adjusted EPS guidance is set between $10.67 and $10.87.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:11 pm

WULF

TeraWulf Inc. has sold its 25% equity interest in the Nautilus Cryptomine joint venture for approximately $92 million, achieving a 3.4x return on investment. The proceeds will be used to expand its Lake Mariner facility, focusing on HPC/AI and Bitcoin mining, with a target of 13 EH/s operating capacity by Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:05 pm

APAM

Analysts have recently shared mixed ratings on Artisan Partners Asset (NYSE:APAM), with a notable decrease in the average 12-month price target by 2.64%. The company's financials show strong revenue growth and return on equity, but challenges in net margin and market capitalization.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 8:02 pm

CHPT

Analysts have recently updated their ratings and price targets for ChargePoint Holdings (NYSE:CHPT), with a general trend of lowering expectations. The average 12-month price target has decreased by 24.31% to $2.46. Analysts have expressed mixed sentiments, with some maintaining a 'Buy' rating while others have downgraded to 'Sell' or 'Hold'. ChargePoint faces challenges with declining revenue growth and below-average financial metrics, despite having a strong net margin.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 8:01 pm

MRK

Merck & Co (NYSE:MRK) has been the subject of recent analyst reviews, with opinions ranging from bullish to bearish. The average 12-month price target has decreased by 2.29% to $144.12. Analysts have adjusted their ratings and price targets, reflecting changing market dynamics. Merck's financial performance shows strong profitability and effective cost control, with a net margin of 33.86% and a return on equity of 13.0%.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 8:00 pm

LMT

Deutsche Bank analyst Scott Deuschle maintains a Buy rating on Lockheed Martin (NYSE:LMT), raising the price target to $620. The analyst highlights potential in the Space segment and anticipates dividend hikes and buyback increases. Despite a slight revenue miss due to an F-35 contract delay, a third-quarter revenue beat is expected, possibly leading to an upward revision of full-year guidance.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2024 | 7:24 pm

AAPL

NFLX

Apple TV+ has achieved a milestone with 'Wolfs,' starring George Clooney and Brad Pitt, becoming the most viewed movie in its history. This success comes despite Apple's decision to limit its theatrical release, boosting streaming viewership by 30%. Apple is considering an ad-supported plan to enhance revenue.

Portfolio Pulse from Chris Katje

October 03, 2024 | 7:20 pm