Streetbeat News

Revenues

EWU

Australia's building approvals for June fell by 6.5% month-over-month, significantly worse than the estimated decline of 2.3% and a sharp drop from the revised 5.7% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:33 am

NVDA

TCEHY

Liang Chen, general manager of Tencent Cloud’s internet industry department, expressed skepticism about the widespread use of AI in gaming, citing high costs and early-stage development. Despite challenges, Tencent is using AI for 3D rendering and has developed the GiiNEX Game AI Engine. Chen declined to comment on NVIDIA due to U.S. export restrictions.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 4:17 am

ACB

CGC

CWBHF

HEMP

TLRY

The U.S. Environmental Protection Agency (EPA) has awarded a $6.2 million grant to the Hemp Building Institute (HBI) to promote the use of biogenic materials like hemp in construction. This initiative is part of a broader $160 million effort under President Biden's Inflation Reduction Act to reduce greenhouse gas emissions. The project aims to develop digital carbon accounting standards and Environmental Product Declarations (EPDs) for materials like hemp, soy, and straw bale. Companies like Charlottes Web Holdings, Canopy Growth, Aurora Cannabis, Tilray, and Hemp Inc. may benefit from the increased use of hempcrete.

Portfolio Pulse from Patricio Liddle

July 30, 2024 | 4:01 am

PLOW

Douglas Dynamics (NYSE:PLOW) reported Q2 2024 adjusted EPS of $1.11, significantly beating the $0.66 estimate. Sales were $199.902M, also surpassing the $182.767M estimate, despite a 3.55% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:21 pm

NCPL

Netcapital reported a 42% year-over-year decrease in FY24 revenues to $4.9 million. The company also posted a loss per share of $(0.41), down from an EPS of $0.63 last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:36 pm

ESI

Element Solutions (NYSE:ESI) reported Q2 earnings of $0.36 per share, beating the analyst estimate of $0.35. Sales were $612.70 million, surpassing the $606.98 million estimate. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:16 pm

ST

Sensata Technologies has revised its Q3 revenue forecast to a range of $970 million to $1 billion, down from the previously expected $1.03 billion.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:16 pm

NEU

NewMarket anticipates continued strength in its petroleum additives segment, with a focus on managing operating costs, inventory levels, and portfolio profitability throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:15 pm

ESI

Element Solutions has increased its FY24 adjusted EBITDA expectation to a range of $530M-$545M and expects FY24 free cash flow to be between $280M-$300M.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:15 pm

UAN

CVR Partners (NYSE:UAN) reported a significant decline in Q2 earnings and sales compared to the same period last year. EPS dropped by 56.18% to $2.48, and sales decreased by 27.38% to $132.90 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:14 pm