Streetbeat News

Revenues

MULN

Mullen Automotive announced the sale of four Mullen CAMPUS EV cargo vans to DB Schenker for use on Intel's technology campus in Chandler, Arizona. Randy Marion Automotive has received full payment and delivered the vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:18 pm

CNA

CNA Financial reported Q2 2024 GAAP EPS of $1.19, which was in line with expectations. However, the company's sales of $3.52 billion missed the estimate of $3.55 billion.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:15 pm

INMB

INmune Bio Inc. (NASDAQ: INMB) presented new Phase 1 study data at the Alzheimer's Association International Conference (AAIC) demonstrating the dose-dependent effect of their drug XPro on synaptic proteins in Alzheimer's patients.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:06 pm

EDBL

Edible Garden AG Incorporated (NASDAQ: EDBL) has announced that its products are now available at Seasons Kosher and Lincoln Market retail locations. This expansion into new retail chains is expected to increase the company's market reach and visibility.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm

TNXP

Tonix Pharmaceuticals has been awarded up to $34 million by the U.S. Defense Threat Reduction Agency to develop broad-spectrum antiviral agents, focusing on the TNX-4200 program. This funding will support preclinical evaluation and a Phase 1 clinical study aimed at enhancing military medical readiness in biological threat environments.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm

SDOT

Sadot Group's Brazilian subsidiary, Sadot Brasil Ltda, has successfully completed its first agri-commodity trade by exporting Brazilian sesame to the United Arab Emirates.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:03 pm

MCD

McDonald's $5 meal deals have exceeded sales expectations, positively shifting customer sentiment towards the brand's value and affordability. The company anticipates that economic pressures will continue to affect customers for the next several quarters in a competitive market.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:54 pm

CAN

L

Loews Corp (NYSE:L) reported strong Q2 2024 results with net income of $369 million and EPS of $1.67. Revenues grew to $4.27 billion. CNA Financial Corp (NYSE:CAN) and Boardwalk Pipelines segments showed significant growth, while Loews Hotels saw a decline. CEO James Tisch will retire at the end of 2024, with Benjamin Tisch named as his successor. Loews shares were up 6.13% premarket.

Portfolio Pulse from Akanksha Bakshi

July 29, 2024 | 12:52 pm

BMRC

Bank of Marin (NASDAQ:BMRC) reported Q2 earnings of $0.06 per share, missing the analyst estimate of $0.18 by 66.67%. Sales were $22.47M, missing the $23.39M estimate by 3.95%. Both earnings and sales showed significant declines from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:52 pm

ON

ON Semiconductor Corp (NASDAQ: ON) reported a fiscal Q2 2024 revenue decline of 17.2% year-on-year to $1.74 billion, beating the analyst consensus estimate of $1.73 billion. The adjusted EPS of $0.96 also beat the consensus estimate of $0.92. Despite declines in various segments, the company generated $207.7 million in free cash flow and held $2.68 billion in cash and equivalents. CEO Hassane El-Khoury highlighted gains in the automotive sector and a strong Q3 outlook. The stock gained 7.84% premarket following the earnings report.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 12:44 pm