Streetbeat News

Revenues

EGY

VAALCO Energy (NYSE:EGY) reported Q2 2024 adjusted EPS of $0.22, beating the $0.14 estimate by 57.14%. Sales were $116.778M, surpassing the $99.770M estimate by 17.05% and showing a 6.90% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:39 am

WIX

Wix.com has raised its 2024 outlook, now expecting total bookings of $1.802B-$1.822B and revenue of $1.747B-$1.761B, reflecting strong product traction and business fundamentals. The company anticipates continued growth driven by Wix Studio, AI products, and an expanded commerce platform.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:21 am

TSLA

UBER

Wedbush Securities analyst Dan Ives predicts that Tesla's upcoming robotaxi will significantly impact Uber and the autonomous vehicle industry. This could pressure Uber to accelerate its shift towards autonomous vehicles, despite recent positive feedback and revenue growth.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 4:54 am

FXI

China's trade balance for July was reported at $84.65 billion, falling short of the estimated $97.50 billion and the previous $99.05 billion.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:49 am

FXI

China's imports for July increased by 7.2% year-over-year, significantly surpassing the estimated 3.5% and recovering from a prior decline of -2.3%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:48 am

FXI

China's exports for July grew by 7.0% year-over-year, falling short of the estimated 9.7% and the prior month's 8.6%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:48 am

RUM

TSLA

Rumble Inc. (NASDAQ:RUM) and Elon Musk's X have filed antitrust lawsuits against major advertising agencies, alleging a conspiracy to withhold ad revenue. The lawsuit, filed in the U.S. District Court for the Northern District of Texas, names the World Federation of Advertisers, WPP, and GroupM Worldwide as defendants. Musk has encouraged other companies facing similar boycotts to file lawsuits, suggesting potential criminal liability under the RICO Act. The lawsuit follows a significant drop in advertising revenue for X since Musk's acquisition.

Portfolio Pulse from Ananya Gairola

August 07, 2024 | 4:43 am

FBTC

GBTC

Peter Schiff criticizes owning Bitcoin in ETFs, arguing it contradicts Bitcoin's core values of decentralization and peer-to-peer transactions. Schiff's comments come amid a volatile period for Bitcoin, with significant outflows from U.S.-based Bitcoin ETFs, including Grayscale Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund.

Portfolio Pulse from Aniket Verma

August 07, 2024 | 3:27 am

RDDT

Reddit Inc. (NYSE:RDDT) plans to introduce monetization features for developers, allowing users to create and earn money on the platform. This move aims to diversify revenue streams and enhance user engagement. Despite a 54% year-over-year revenue increase in Q2, Reddit's stock declined due to the upcoming end of the pre-IPO lockup and conservative forecasts.

Portfolio Pulse from Kaustubh Bagalkote

August 07, 2024 | 2:35 am

AAWH

CCHWF

CRLBF

CURLF

GTBIF

TCNNF

VRNOF

The article discusses key trends in the cannabis market across various states ahead of the second quarter earnings season. It highlights the performance of major players like Trulieve, Verano, Curaleaf, Green Thumb, Cresco, Ascend, and Columbia Care in states such as Florida, Illinois, Pennsylvania, Arizona, Maryland, New Jersey, Ohio, and Michigan. Federal reform expectations, IRS news on 280E, refinancing potential, and M&A strategies are identified as main drivers of sentiment.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 1:46 am