Streetbeat News

Revenues

MSFT

Microsoft's AI-powered developer tool, Copilot, has significantly contributed to GitHub's revenue growth, accounting for over 40% of its revenue increase. The tool has been adopted by over 77,000 organizations, leading to GitHub's annual revenue run rate reaching $2 billion. Microsoft is also integrating generative AI across its Power Platform, with over 480,000 organizations using these capabilities. Despite positive financial results, Microsoft shares fell 2.81% in after-hours trading.

Portfolio Pulse from Ananya Gairola

July 31, 2024 | 9:44 am

ALXO

ALX Oncology Holdings Inc. (NASDAQ:ALXO) will announce Phase 2 trial results for evorpacept in treating advanced HER2-positive gastric cancer at 4:30 PM EDT today. The company will host an investor conference call and webcast to share the topline data results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:35 am

VGK

The Eurozone Consumer Price Index (CPI) for July came in at 2.6% year-over-year, slightly above the estimated 2.5% and the prior 2.5%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:28 am

VGK

The Eurozone Consumer Price Index (CPI) for July remained flat at 0.0%, compared to a 0.2% increase in the previous month. This indicates a slowdown in inflationary pressures within the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:28 am

VGK

The Eurozone Core Consumer Price Index (CPI) for July came in at 2.9% year-over-year, slightly above the estimated 2.8% and matching the prior month's figure of 2.9%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:28 am

EDU

New Oriental Education expects Q1 revenue for fiscal year 2025 to be between $1.25B and $1.28B, which is below the estimated $1.485B. This represents a year-over-year increase of 31% to 34%, excluding revenues from East Buy private label products and livestreaming business.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:11 am

AMD

NVDA

AMD shares surged over 9% in premarket trading after reporting strong Q2 results and positive revenue guidance, driven by record data center revenue. This positive sentiment also lifted Nvidia shares by 5.40%.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 9:07 am

UMC

United Microelectronics (UMC) expects Q3 wafer shipments to grow by mid single digit percentage and firm average selling price quarter-over-quarter.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:05 am

UMC

United Microelectronics (UMC) reported Q2 2024 GAAP EPADS of $0.17, beating the estimate of $0.15. However, sales were $1.750 billion, missing the estimate of $1.762 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:03 am

GSK

GSK has revised its 2024 financial outlook, expecting turnover growth of 7%-9%, core operating profit growth of 11%-13%, and core EPS growth of 10%-12%. These figures are higher than the previous estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:49 am