Streetbeat News

Revenues

PSN

Parsons shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:53 pm

AAPL

NFLX

T

TMUS

T-Mobile US, Inc (NASDAQ:TMUS) reported strong Q2 fiscal 2024 results, beating analyst estimates on both earnings and revenue. The company saw significant growth in postpaid net account additions and adjusted free cash flow. T-Mobile also raised its full-year outlook for postpaid net customer additions and adjusted free cash flow. The company's Go5G plans, which include streaming services from Netflix and Apple, have been popular among customers.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 12:52 pm

SVRE

SaverOne 2014 Ltd. (NASDAQ: SVRE) announced that a leading global food manufacturer's Israeli subsidiary has completed a successful pilot of SaverOne Systems and subsequently ordered installations for 46 trucks. This order signifies strong international growth potential for SaverOne.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:46 pm

CELU

Celularity Inc. (NASDAQ: CELU) reported FY23 revenue of $22.8M, exceeding expectations. The company projects Q1 2024 revenue of $14.8M, significantly higher than previous guidance. Expected combined net sales for H1 2024 are $25.8M-$27.8M, a substantial increase from H1 2023. Celularity is also on track to file a 510(k) premarket submission for its Celularity Tendon Wrap in H2 2025.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:41 pm

AVDX

AvidXchange shares are trading lower after the company reported a Q2 revenue miss and cut its 2024 outlook.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:39 pm

LMT

LPTH

LightPath Technologies has started delivering advanced thermal camera systems for Lockheed Martin's missile program. If selected, initial revenues are projected between $50M to $100M. LightPath has received qualification from Lockheed Martin and is supplying flightworthy hardware for initial test units. The participation was announced in September 2023 with up to $7.5M for design and development.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:35 pm

ONDS

Ondas Holdings' subsidiary, American Robotics, has been awarded its first U.S. federal contract by the Coast Guard to collect and analyze emissions data for MARPOL Annex 6 compliance. This contract expands their reach into strategic ports and logistics markets and positions them for future growth and long-term federal funding opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:34 pm

AMZN

RIVN

Amazon aims to deploy 100,000 electric delivery vans (EDVs) by 2030 but has only deployed 19,000 so far. The company has partnered with Rivian Automotive and other manufacturers to achieve this goal. Amazon delivered 680 million packages globally with electric vehicles in 2023.

Portfolio Pulse from Anan Ashraf

July 31, 2024 | 12:34 pm

SPY

The Employment Wages for Q2 increased by 0.9%, which is a decrease from the prior quarter's 1.1% increase.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:30 pm

AMD

GLD

MSFT

UUP

US private employment rose by 122,000 in July, missing estimates and indicating a cooling labor market. The ADP National Employment Report showed the lowest job creation since January 2024. The U.S. Dollar Index fell, Treasury yields softened, and gold prices rose. Microsoft shares dropped 3% premarket, while AMD shares rallied over 7%.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 12:28 pm