Streetbeat News

Revenues

TSLA

Tesla is conducting a trial to increase the maximum charging rate of its Cybertrucks on certain superchargers. The trial involves V3+ stations and has shown charging rates of up to 323kW. The impact on other Tesla vehicles is not yet clear. Despite recent layoffs, Tesla continues to expand its supercharger network, with plans to invest $500 million this year.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 8:45 am

EWU

The S&P Global / CIPS U.K. Construction Purchasing Managers Index (PMI) for July came in at 55.3, significantly higher than the estimated 52.5 and the prior 52.2. This indicates a stronger-than-expected performance in the U.K. construction sector.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:33 am

CHT

Chunghwa Telecom reported a 4.5% YoY increase in mobile subscribers to 13.42M, a 0.6% increase in broadband subscribers to 4.41M, and 9.02M fixed-line subscribers as of June 30, 2024. Mobile service revenue grew by 3.5% and fixed broadband revenue by 4.4% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:07 am

CHT

Chunghwa Telecom reported a significant decline in its Q2 earnings per share (EPS) to $0.04 from $0.42 year-over-year (YoY), and a decrease in sales to $1.67 billion from $1.74 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:59 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) had a 'game changer' quarter, according to Wedbush Securities analyst Dan Ives. The company reported a 27% year-over-year increase in total revenue, driven by a 41% rise in customer count, particularly in the U.S. commercial sector. Palantir's revenue for the second quarter was $678.13 million, surpassing the consensus estimate of $652.1 million. The stock surged by 12.16% in after-hours trading following the earnings report.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 7:58 am

UMC

United Microelectronics Corporation (NYSE:UMC) reported a 9.61% year-over-year increase in net sales for July 2024, reaching 20,896,877. For the period from January to July 2024, net sales grew by 2.13% compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:36 am

ALLG

Allego (NYSE:ALLG) secures a €20 million loan from the European Bank for Reconstruction and Development (EBRD) to expand its EV charging network in Poland. The project, co-funded by the European Union, aims to install over 200 EV recharging points across 50 locations, enhancing Poland's EV infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:05 am

AMZN

SPY

Global markets crashed on Black Monday 2.0, prompting reflection on Jeff Bezos' comments from the 2000 dotcom bubble. Despite a 4% drop in Amazon shares, the company has shown significant growth over the years. The SPDR S&P 500 ETF Trust (SPY) also fell by 2.91%.

Portfolio Pulse from Shanthi Rexaline

August 06, 2024 | 7:03 am

LCID

Lucid Group (NASDAQ:LCID) announced a $1.5 billion investment from an affiliate of Saudi Arabia’s Public Investment Fund (PIF). The investment includes $750 million in convertible preferred stock and a $750 million unsecured delayed draw term loan facility. This capital will support the production of Lucid's new Gravity SUV, expected to start in late 2024. Despite the investment, Lucid shares fell 3.9% due to wider-than-expected Q2 losses but rose 5.67% in after-market trading.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 6:42 am

ESLT

Elbit Systems has secured a $270 million contract to supply rocket artillery to an international customer. This deal is expected to enhance the company's revenue and market position.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:42 am