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Revenues

GIGM

GigaMedia (NASDAQ:GIGM) reported a Q2 EPS of $(0.06), a 20% decrease from $(0.05) YoY, and sales of $721K, a 29.66% decrease from $1.02M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:10 pm

ALGT

Allegiant Travel Company (ALGT) has engaged Prospect Hotel Advisors to conduct a strategic review of its Sunseeker Resort Charlotte Harbor in Southwest Florida. The review aims to enhance the financial performance and strategic positioning of the resort.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:07 pm

FXI

MSFT

TikTok's significant spending has been a major driver behind the growth of Microsoft's AI business, according to The Information. This partnership has led to increased revenues and expansion in Microsoft's AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:07 pm

ACI

CART

Instacart (NASDAQ:CART) and Albertsons Companies (NYSE:ACI) have expanded their partnership to launch Instacart pickup services and Albertsons Rapid convenience delivery nationwide. This includes banners such as Safeway, Albertsons, Shaw's, ACME, Jewel-Osco, Randalls, and Vons. Haggen Food & Pharmacy is also now available for same-day delivery via the Instacart App.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:06 pm

AMZN

GAME

GameSquare's Q2 2024 report highlights a 10% increase in live-streaming viewership from Q2 2023, reaching 8.5 billion hours watched. Twitch's market share has declined from 70% in Q2 2023 to 60% in Q2 2024, indicating a shift in the live streaming market.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:05 pm

MO

Altria Group Inc (NYSE:MO) reported a 3% year-on-year decline in Q2 FY24 revenues to $5.28 billion, missing analyst estimates. The decline was driven by a 5.6% decrease in smokeable products revenue, partially offset by a 4.6% increase in oral tobacco products revenue. Adjusted EPS of $1.31 missed the consensus of $1.34. Despite setbacks, Altria's smoke-free products showed strong performance. The company narrowed its FY24 adjusted EPS guidance to $5.07 – $5.15.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 1:03 pm

CLVR

KHRNF

PCLOF

The article discusses the potential for cannabis legalization in Venezuela amid political turmoil and election fraud allegations. It highlights the successes of Colombia's cannabis industry and mentions companies like Clever Leaves Holdings Inc, Khiron Life Sciences Corp, and PharmaCielo Ltd as examples of successful cannabis businesses in Colombia.

Portfolio Pulse from Patricio Liddle

July 31, 2024 | 1:02 pm

VCNX

Vaccinex announced early-stage SIGNAL-AD trial results for its Pepinemab antibody in Alzheimer's disease, showing a novel mechanism targeting astrocyte activation that delays disease progression. These findings echo results from a Phase 2 Huntington's disease study and were presented at the Alzheimer's Association International Conference by Dr. Eric Siemers.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:01 pm

WBX

Wallbox shares are trading higher after the company announced it received a $45 million investment.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:01 pm

VYGR

Analysts have provided mixed ratings for Voyager Therapeutics (NASDAQ:VYGR) over the past three months, with a range of price targets from $8.00 to $30.00. The average price target has declined by 2.27%. The company has faced a significant revenue decline but maintains strong financial metrics in other areas.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 1:00 pm