Streetbeat News

Revenues

ZKIN

ZK International Group reported a FY23 EPS of $(1.93), a significant decline from $(0.21) YoY. However, revenue increased to $111.60M from $102.39M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:32 pm

GLD

IWM

QQQ

SPY

TLT

A lower-than-expected Producer Price Index (PPI) report has led to increased bullish sentiment in premarket trading, with traders boosting bets on a larger Federal Reserve interest rate cut next month. Key ETFs like SPY, QQQ, IWM, and TLT saw gains, while GLD experienced a slight dip.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 1:30 pm

BYDDY

TSLA

Tesla's Model Y remains the top-selling BEV in China from January to July 2024 with 298,384 units sold, despite a 17% year-over-year decline. The BYD Seagull is closing the gap with 227,293 units sold. Tesla's Model 3 is the third best-selling BEV. TSLA shares are trading lower by 0.20% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 1:27 pm

CAAS

China Automotive Systems, Inc. (NASDAQ: CAAS) reported Q2 FY24 EPS of $0.24, down from $0.35 a year ago. Net sales increased 15.4% Y/Y to $158.6 million, beating the consensus of $137.41 million. Electric Power Steering (EPS) product sales surged 33.7% to $55.6 million. Gross profit rose 29.0% Y/Y to $29.3 million, with margin improving to 18.5% from 16.5%. Income from operations grew 38.7% Y/Y to $10.8 million. The company reiterated revenue guidance for FY24 of $605.0 million. CAAS shares are up 3.17% premarket.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 1:25 pm

DSX

Diana Shipping Inc. (NYSE:DSX) has announced a time charter contract with Paralos Shipping for its Kamsarmax dry bulk vessel, m/v Astarte, at a gross rate of $14,000 per day. The contract will run from August 18, 2024, to between July 15, 2025, and September 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:13 pm

DKS

DICK'S Sporting Goods is set to open an 800,000-square-foot regional distribution center in Fort Worth, Texas, by 2026. This will be the company's sixth distribution center and is expected to create 300 jobs. The new facility will support over 100 stores across multiple states.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:11 pm

PULM

Pulmatrix reported Q2 2024 revenue of $1.55M, down from $1.8M year-over-year. The EPS was $(1.59), compared to $(1.04) in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:07 pm

AKTS

Akoustis Technologies shares are trading higher after the company announced an additional purchase order for $13 million XBAW Filters.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:04 pm

SE

Sea Limited (NYSE:SE) reported mixed Q2 2024 earnings with revenue growth of 23% YoY to $3.81 billion, beating estimates. EPS of $0.14 missed expectations. Digital Entertainment revenue fell, but bookings and adjusted EBITDA rose. E-commerce revenue increased, but the segment had a loss in adjusted EBITDA. Shopee is expected to become adjusted EBITDA positive from Q3 2024. SE shares rose 3.10% premarket.

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 1:03 pm

LWAY

Lifeway Foods (NASDAQ:LWAY) reported Q2 earnings per share of $0.25, beating the analyst estimate of $0.21. Sales were $49.16 million, surpassing the $45.50 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:02 pm