Streetbeat News

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JPM

LNG

TSM

On CNBC's 'Halftime Report Final Trades,' analysts discussed Cheniere Energy, JPMorgan Chase, and Taiwan Semiconductor. Cheniere Energy's Q2 revenue missed expectations but EPS exceeded them. JPMorgan Chase introduced an AI assistant for employees. Taiwan Semiconductor reported significant revenue growth for July 2024.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 12:49 pm

IBRX

ImmunityBio's ANKTIVA has achieved significant market access in the U.S. through commercial and Medicare insurance programs within three months of FDA approval. The company plans to expand its bladder cancer program globally, with regulatory filings initiated in the European Union and India. Additionally, a meeting with the FDA regarding ANKTIVA for Non-Small Cell Lung Cancer (NSCLC) was held in June 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:48 pm

MIGI

Mawson Infrastructure Group has signed an AI/HPC colocation agreement with a potential revenue of $285 million over six years. Additionally, the company has signed a Letter of Intent (LOI) to expand its colocation business to 144 MW, positioning itself as a key player in AI and HPC digital infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:46 pm

COCH

Envoy Medical (NASDAQ:COCH) reported Q2 EPS of $(0.27), missing the $(0.25) estimate, and sales of $68.00K, missing the $82.50K estimate. Despite the misses, EPS improved by 79.39% and sales increased by 7.94% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:45 pm

LWLG

Lightwave Logic (NASDAQ:LWLG) reported a Q2 EPS of $(0.05), unchanged from the same period last year, with sales of $19.36K.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:44 pm

APRE

Aprea Therapeutics (NASDAQ:APRE) reported Q2 earnings per share (EPS) of $(0.58), beating the analyst estimate of $(0.64) by 9.38%. The company also reported sales of $561.57K, surpassing the $50.00K estimate by 1,020%. This represents a significant improvement over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:41 pm

SWAG

SWAGW

Stran & Company, Inc. (NASDAQ:SWAG) expects its H1 2024 revenue to grow by approximately 10% compared to H1 2023. The gross margin is anticipated to increase to 31.7% from 29.4%, and cash, cash equivalents, and investments are expected to rise to $21.5 million by June 30, 2024, from $18.5 million at the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:34 pm

BLDP

Ballard Power Systems expects its 2024 revenue to be back-half weighted and has lowered its capital expenditure guidance from $50M-$70M to $25M-$40M.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:34 pm

BABA

Alibaba Group Holding Ltd (NYSE:BABA) has launched new large language models (LLMs) focused on mathematics, named Qwen2-Math, which reportedly outperform OpenAI's GPT-4o in mathematical tasks. The models are developed by Alibaba's cloud computing unit, which also announced a price increase on its domain name auction platform and a 3% year-over-year revenue increase in Q4. BABA shares traded higher by 0.85% premarket.

Portfolio Pulse from Anusuya Lahiri

August 12, 2024 | 12:30 pm

SNDA

Sonida Senior Living (NYSE:SNDA) reported Q2 GAAP EPS of $(0.86), a significant improvement from $(2.11) YoY. Sales increased to $70.21M from $62.85M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:25 pm