Streetbeat News

Revenues

ARRY

In the last three months, 11 analysts have shared their evaluations of Array Technologies (NASDAQ:ARRY), showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 12.72%, with a current average target of $17.36. Analysts have adjusted their ratings and price targets in response to recent developments, with several lowering their targets. Array Technologies faces challenges with revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 4:00 pm

ADDDF

ADDYY

NKE

Adidas expects unfavorable currency effects to significantly impact its profitability this year. Excluding Yeezy sales, currency-neutral revenues increased by 16% during the quarter. These effects are negatively impacting both reported revenues and gross margin development in 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:54 pm

ADDYY

NKE

Adidas has increased its full-year guidance following better-than-expected Q2 results. The company assumes the sale of its remaining Yeezy inventory at cost, resulting in additional sales of around €150 million with no further profit contribution. Revenues grew 9% to €5.822 billion.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:53 pm

NKE

Nike shares are trading higher following Adidas' announcement of an increased full-year guidance.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:53 pm

AAPL

TBLA

Taboola.com Ltd (NASDAQ:TBLA) has secured a deal with Apple Inc (NASDAQ:AAPL) to deliver native advertising within the Apple News and Apple Stocks apps. This partnership is expected to leverage Taboola's extensive network and Apple's significant ad revenue potential. Taboola's shares rose by 5.47% following the announcement.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 3:45 pm

ETCUSD

Ethereum Classic (ETC) is trading lower by 3.1% to $21.20 due to a broader decline in altcoins, influenced by Bitcoin's 2% drop. The market is reacting to news of Mt. Gox's $2.84 billion repayment plan, which is causing fears of large-scale selling by creditors.

Portfolio Pulse from Henry Khederian

July 16, 2024 | 3:37 pm

CRS

Carpenter Tech (NYSE:CRS) has outperformed the market over the past 20 years with an average annual return of 10.65%, resulting in a $100 investment growing to $767.08. The company currently has a market capitalization of $5.84 billion.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 3:33 pm

BYDDY

BYD Co., Ltd. (OTC:BYDDY) plans to build an electric vehicle (EV) plant in Cambodia with a capacity to assemble 20,000 vehicles annually for domestic and international markets. This expansion follows BYD's previous market entries in Southeast Asia, including Thailand and Indonesia.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 3:21 pm

DRD

GFI

GOLD

HMY

Shares of gold stocks are trading higher amid trader optimism that the Fed will cut rates.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:19 pm

RIO

USGDF

American Pacific Mining Corp's CEO and Managing Director discuss their partnership with Rio Tinto, the state of the commodity markets, and the company's future. They highlight their focus on high-grade assets in the western U.S., significant drilling programs in Alaska and Montana, and the importance of environmental regulations. The company is well-positioned with strong partnerships and substantial exploration budgets, aiming to capitalize on rising demand for critical metals like copper.

Portfolio Pulse from Stjepan Kalinic

July 16, 2024 | 3:13 pm