Streetbeat News

Revenues

CVCO

Cavco Industries (NASDAQ:CVCO) reported Q1 2025 earnings per share (EPS) of $4.11, missing the analyst estimate of $4.70 by 12.55%. However, the company beat sales estimates with $477.599 million, a slight increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:30 am

BYDDF

LI

NIO

XPEV

ZK

BYD Co Ltd reported a 31% increase in new energy passenger vehicle sales in July, despite a 4% drop in pure EV sales. The decline in BEV sales was offset by a 67% rise in hybrid vehicle sales. Li Auto, XPeng, and Nio also reported their July delivery numbers, with Li Auto leading the pack.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 7:11 am

PYPD

PolyPid secures up to $14M in a private placement, extending its cash runway to Q2 2025. The funding supports the ongoing SHIELD II Phase 3 trial of D-PLEX100, with top-line results expected in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:06 am

SNDL

SNDL (NASDAQ:SNDL) reported Q2 EPS of $(0.02), an 83.33% improvement from $(0.12) YoY, and sales of $228.13M, beating the $176.43M estimate by 29.30%. Sales decreased by 1.63% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:51 am

HIVE

HIVE Digital reported its July 2024 Bitcoin production, mining 116 BTC and increasing its HODL position by 2% to 2,533 BTC. The company maintained a 4.9 EH/s ASIC mining capacity and achieved an average of 24.6 BTC per Exahash. HIVE's Bitcoin HODL value is over $164 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:50 am

ABG

CVX

META

MRNA

XOM

US stocks closed lower as Apple and Amazon reported earnings, with the CNN Money Fear and Greed index moving to the 'Fear' zone. The Dow Jones fell around 500 points, and the Nasdaq Composite ended July negatively. Moderna's stock dipped 21% due to lowered 2024 sales guidance, while Meta Platforms gained 4.8% after strong Q2 results. Investors await earnings from Exxon Mobil, Chevron, and Asbury Automotive Group.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:38 am

EWA

Australia's Producer Price Index (PPI) for Q2 met expectations at 1.0%, slightly higher than the previous quarter's 0.9%.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:06 am

EWA

Australia's Producer Price Index (PPI) for Q2 has increased to 4.8% year-over-year, up from 4.3% in the previous quarter. This indicates rising production costs in Australia.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:06 am

EWA

Australia's home loans for June increased by 0.5%, surpassing the estimated -1.0% and showing improvement from the revised -1.9% in the prior month.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:05 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk envisions the company making a drivetrain every second, significantly faster than the current rate. This announcement follows Tesla's milestone of producing its 10 millionth drive unit. Most of Tesla's drive units are made in Giga Nevada, which has produced 5 million units. The drive unit is crucial for EVs, converting electrical energy to mechanical energy.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 6:02 am