Streetbeat News

Revenues

SUNS

Sunrise Realty Trust (NASDAQ:SUNS) reported Q2 earnings per share of $0.22 and sales of $1.98 million.

Portfolio Pulse from totan@benzinga.com

August 14, 2024 | 12:43 pm

REBN

Reborn Coffee, Inc. (NASDAQ:REBN) has announced a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co. to expand into the China market, specifically in Liaoning Province. This partnership will establish Reborn Coffee's locations in Shenyang, a city with over 43 million residents.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:42 pm

QQQ

SPY

The Consumer Price Index (CPI) for July showed a lower-than-expected annual increase of 2.9%, supporting hopes for significant interest rate cuts by the Federal Reserve. This marks the fourth consecutive decline in the annual inflation rate. Market reactions were muted, with S&P 500 futures up 0.1% and Nasdaq 100 futures flat. Treasury yields slightly increased. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) had strong performances earlier in the week.

Portfolio Pulse from Piero Cingari

August 14, 2024 | 12:42 pm

JSDA

Jones Soda Co. (OTCQB:JSDA) reported a 49% YoY revenue increase to $7.2 million for Q2 2024, driven by THC-infused beverage sales. Despite the revenue growth, the company saw a higher net loss of $1.6 million due to increased operating expenses aimed at supporting growth initiatives. The company also launched new products and expanded its Mary Jones cannabis brand.

Portfolio Pulse from Nina Zdinjak

August 14, 2024 | 12:42 pm

PGR

Progressive Corporation reported its July 2024 earnings per share (EPS) of $1.38 and net premiums written of $6.378 billion.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:41 pm

ORGS

Orgenesis Inc. (NASDAQ:ORGS) has announced a strategic partnership with Harley Street Healthcare Group (HSHG) to launch a global longevity and wellness initiative. The partnership will form a joint venture (JV) with Orgenesis owning 49% and HSHG owning 51%. HSHG will invest up to $10 million over three years into Orgenesis and the JV. The initiative aims to accelerate the development and commercialization of advanced wellness and longevity therapies.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:39 pm

CENN

Cenntro Electric Group Ltd. (CENN) reported its Q2 earnings per share (EPS) of $(0.30), an improvement from $(0.46) year-over-year (YoY). The company's revenue increased to $8.32 million from $4.24 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:37 pm

CSLR

SunPower is seeking to have Complete Solar designated as the stalking horse in its Chapter 11 bankruptcy APA with a $45 million bid for certain assets. Complete Solar (NASDAQ:CSLR) published its Q2'24 results, showing low revenue due to lack of working capital, but raised $46 million in July 2024 to stabilize operations. The hearing for the stalking horse motion is scheduled for August 29, with a likely sale closing by the end of September 2024.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:37 pm

HTCR

HeartCore Enterprises (NASDAQ:HTCR) reported a Q2 EPS of $(0.09), a 125% decrease from $(0.04) YoY, and sales of $4.10M, a 19.53% decrease from $5.09M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:32 pm

SPY

The Core Consumer Price Index (CPI) for July increased by 3.2% year-over-year, matching the estimated growth rate.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:30 pm