Streetbeat News

Revenues

NIU

Niu Technologies reported its Q2 financial results, showing an adjusted EPADS of $(0.03), down from $(0.00) year-over-year. However, sales increased to $129.42 million from $114.30 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:07 am

BRK

MSTR

MicroStrategy Inc. (NASDAQ:MSTR) has significantly outperformed Berkshire Hathaway Inc. (NYSE:BRK) since adopting Bitcoin as its primary reserve asset in August 2020. MicroStrategy's stock has soared 839%, while Berkshire Hathaway's stock has grown by 101%. This performance is notable given Berkshire's executives' critical stance on Bitcoin.

Portfolio Pulse from Aniket Verma

August 12, 2024 | 8:40 am

AAPL

BRK

Global market turmoil originating in Japan caused a significant but temporary decline in Japanese stocks, impacting Warren Buffett's $20 billion investment in Japanese trading houses. Despite an initial 30% plunge, the market recovered most losses by the end of the week. Berkshire Hathaway's strategic shift includes selling half of its Apple stake and increasing U.S. Treasury holdings.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 8:24 am

NIU

Niu Technologies reported a 20.8% YoY increase in e-scooter sales for Q2 2024, with 207,552 units sold in China (up 16.2% YoY) and 48,610 units sold internationally (up 45.4% YoY). The company has 3,124 franchised stores in China and 54 distributors covering 52 countries internationally.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:15 am

NIU

Niu Technologies expects its Q3 2024 revenue to be between RMB 1.298 billion and RMB 1.483 billion, marking a 40% to 60% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:12 am

NIU

Niu Technologies reported a Q2 adjusted EPADS of $(0.03), down from $(0.00) year-over-year, and sales of $21.97 million, down from $114.30 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:09 am

CMCL

Caledonia Mining (AMEX:CMCL) reported a significant increase in its Q2 earnings per share (EPS) and sales. The EPS rose to $0.50 from $0.10 year-over-year, marking a 400% increase. Sales also saw a substantial rise, reaching $50.11 million, up 35.31% from $37.03 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:09 am

LL

LL Flooring has filed for Chapter 11 bankruptcy and is pursuing a going-concern sale of its business. The company has secured debtor-in-possession financing to support its operations and will continue to serve customers both online and in stores.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:52 am

DIS

The Wall Street Journal reported that Disney has unveiled plans for billions of dollars in theme park expansions. This significant investment is expected to enhance the company's theme park offerings and attract more visitors.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2024 | 5:33 pm

AAPL

This week in the tech world, Apple Inc. (NASDAQ:AAPL) made headlines with various updates. Key stories include Apple's solutions for forgotten Mac passwords, potential charges for AI features, hidden AI prompts in macOS beta, declining margins in China, and maintaining a $3 trillion market cap amid volatility.

Portfolio Pulse from Benzinga Neuro

August 11, 2024 | 11:00 am