Streetbeat News

Revenues

TME

Tencent Music Entertainment Group reported Q2 earnings per share (EPS) of $0.16, which was in line with expectations. However, the company's sales of $985.00 million missed the estimated $996.68 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:03 am

TME

Tencent Music Entertainment Group reported its Q2 2024 adjusted earnings per ADS of $0.16 and sales of $985 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:02 am

AIQ

AMZN

GOOG

GOOGL

META

NVDA

Barclays analysts warn that AI companies, including Nvidia, Alphabet, Meta, and Amazon, face significant depreciation costs that are not fully factored into current valuations. This could lead to a decline in stock prices over the next year. The Global X Artificial Intelligence & Technology ETF (AIQ) also saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

August 13, 2024 | 8:57 am

PHG

Philips (NYSE: PHG) and Isala Hospital have renewed their strategic partnership to enhance healthcare delivery using advanced technology, data analytics, and AI. The collaboration focuses on radiology and cardiology, aiming to maintain accessible, affordable, and high-quality care. The agreement includes a multi-year plan for replacing medical systems like MRI and CT scanners, ensuring sustainability and cost-effectiveness.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:03 am

HD

MNDY

PSFE

RILY

XP

U.S. stocks had a mixed performance on Monday, with the Dow Jones falling over 100 points. The CNN Money Fear and Greed index showed a slight increase but remained in the 'Extreme Fear' zone. Monday.com shares surged 15% after strong earnings, while B. Riley Financial shares plummeted 52% following weak preliminary results. Investors are awaiting earnings from The Home Depot, Paysafe, and XP Inc.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 7:49 am

IAUX

i-80 Gold (AMEX:IAUX) reported Q2 EPS of $(0.07), an improvement from $(0.08) YoY, but sales decreased by 36.48% to $7.18M from $11.31M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:49 am

TEO

Telecom Argentina reported a significant increase in net income for the first half of the year, rising to P$859,223 million from P$146,409 million year-over-year. However, the company's revenue decreased by 13.3% year-over-year to P$1,666.98 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:46 am

KGS

Kodiak Gas Services has raised its 2024 guidance, now expecting Adjusted EBITDA of $590M-$610M, a $10M increase to the low end of the range. The company also anticipates generating Discretionary Cash Flow of $365M-$385M in 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:33 am

BTCUSD

El Salvador's 'Bitcoin City' project receives a $1.6 billion investment from Turkey's Yilport Holding, marking the largest private investment in the country's history. The funds will be used to develop two seaports, including the site for 'Bitcoin City'.

Portfolio Pulse from Aniket Verma

August 13, 2024 | 7:32 am

ORLA

Orla Mining (AMEX:ORLA) reported Q2 2024 earnings per share of $0.07, meeting analyst expectations. However, the company's sales of $84.600 million slightly missed the consensus estimate of $84.635 million. Despite the miss, sales increased by 42.73% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:29 am