Streetbeat News

Revenues

TDS

Telephone and Data Systems (TDS) has reaffirmed its 2024 guidance for UScellular service revenues at $2.95 billion to $3.05 billion. However, it has revised its TDS Telecom total operating revenues to $1.05 billion to $1.08 billion, down from the previous range of $1.07 billion to $1.10 billion.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:34 am

TDS

Telephone and Data (NYSE:TDS) reported Q2 earnings per share (EPS) of $(0.13) and sales of $1.24 billion, both in line with analyst estimates. The EPS loss improved by 23.53% year-over-year, while sales decreased by 2.29%.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:32 am

GM

Kia America sold 3,362 units of its EV9 and EV6 SUVs in July, surpassing General Motors' total Hummer EV sales for the entire second quarter. Kia's EV9 and EV6 models are more affordable compared to GM's Hummer EV, which starts at $98,845. GM's overall EV sales in Q2 were 21,930 units, with only the Cadillac Lyriq EV and Chevrolet Blazer EV exceeding 5,000 units each.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 11:29 am

CLDT

Chatham Lodging Trust (CLDT) projects Q3 total hotel revenue between $86M and $88M, with adjusted FFO per diluted share ranging from $0.31 to $0.36.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:25 am

GLD

META

SPY

UNG

USO

Global markets experienced significant declines, with U.S. stocks closing lower due to economic concerns and mixed sector performance. Asian markets, particularly Japan, saw sharp drops, while European markets opened in the red. Commodities like gold surged on safe-haven demand.

Portfolio Pulse from Akanksha Bakshi

August 02, 2024 | 11:21 am

GOOG

GOOGL

META

NVDA

TSM

Nvidia's stock has surged due to AI investments, but experts warn of potential slowdowns in the semiconductor industry. Nvidia faces competition from big tech companies and startups. Despite this, Nvidia plans to release new chips annually. The semiconductor rally has faltered recently, with Nvidia, Dell, and AMD stocks declining.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 11:17 am

RPID

Rapid Micro Biosystems has completed an enterprise-wide review to realize operational efficiencies, including workforce reductions and expense cuts. These actions are expected to save $7 million annually and help achieve positive cash flow by 2027. The company will record a $0.7 million charge in Q3 2024 but does not expect an impact on 2024 revenue or gross margin.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:13 am

LITB

LightInTheBox Holding (NYSE:LITB) reported Q2 earnings of $0.01 per share, a 200% increase from $(0.01) per share YoY. However, sales dropped 63.83% to $69.36 million from $191.77 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:11 am

RPID

Rapid Micro Biosystems reaffirms its 2024 total revenue guidance of at least $27M, which is close to the consensus of $27.066M. The company also expects to place at least 20 systems and anticipates positive gross margins for the third and fourth quarters of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:10 am

BERY

Berry Global Group (BERY) has updated its FY24 adjusted EPS guidance to $7.60, compared to the previous range of $7.35-$7.85, with an estimate of $7.55. The company expects cash flow from operations to be between $1.4-$1.5 billion and free cash flow to be $800-$900 million. Berry is committed to maintaining a leverage ratio of 3.5x or lower, within its long-term targeted range.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:10 am