Streetbeat News

Revenues

AAPL

Apple Inc.'s first iPhone 16 models will not include new AI features at launch, requiring a software update weeks later. Apple plans to introduce Apple Intelligence via updates by October, with full features rolling out through 2024 and 2025. The delay is due to stability concerns and the need for developer support.

Portfolio Pulse from Ananya Gairola

July 29, 2024 | 5:48 am

RDY

Dr Reddy's Laboratories (NYSE:RDY) reported Q1 2025 earnings per share (EPS) of ₹83.46, beating the analyst estimate of ₹76.83. Sales were ₹76.727 billion, surpassing the estimate of ₹72.830 billion. Despite a slight decrease in EPS from last year, sales increased by 13.87%.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:22 am

PHG

Koninklijke Philips has reiterated its 2024 outlook, expecting 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion. The outlook excludes potential impacts from ongoing legal proceedings related to Philips Respironics.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:11 am

PHG

Koninklijke Philips reported a 9% growth in comparable order intake for Q2 and a 3% growth for the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:06 am

PHG

Koninklijke Philips (NYSE:PHG) reported Q2 2024 earnings of €0.30 per share, beating the €0.25 estimate by 20%. Sales were €4.462 billion, slightly above the €4.430 billion estimate but down 8.38% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:03 am

AMC

DIS

IMAX

The Marvel Entertainment and Walt Disney collaboration, 'Deadpool & Wolverine,' has set new box office records, grossing over $438.3 million worldwide in its opening weekend. The film's success has positively impacted the stocks of Walt Disney, AMC Entertainment Holdings, and Imax.

Portfolio Pulse from Ananya Gairola

July 29, 2024 | 3:38 am

NIO

TSLA

XPEV

The rapid increase in new energy vehicles (NEVs) in China has led to financial challenges for insurers, who are struggling to turn a profit despite higher premiums. Factors such as higher loss ratios, expensive battery repairs, and increased mileage in ride-hailing contribute to the issue. The National Financial Regulatory Administration (NFRA) is considering reforms to allow more flexible premium settings.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 1:56 am

LGVN

Longeveron Inc. (NASDAQ:LGVN) announced positive results from its Phase 2a clinical trial of Lomecel-B for mild Alzheimer's Disease. The study met its key objectives, supporting a favorable benefit/risk profile. The results were presented at the Alzheimer’s Association International Conference (AAIC) 2024.

Portfolio Pulse from charles@benzinga.com

July 28, 2024 | 10:56 pm

DIS

Disney announced that Marvel Studios has crossed $30 billion at the worldwide box office, marking a significant milestone for the company.

Portfolio Pulse from charles@benzinga.com

July 28, 2024 | 1:04 pm

AAPL

META

NVDA

TSLA

This week in AI saw significant developments including Elon Musk's AI plans with xAI and Nvidia, Mark Zuckerberg's critique of Apple, and Taiwan's $100 billion economic reform focusing on AI and infrastructure.

Portfolio Pulse from Benzinga Neuro

July 28, 2024 | 9:28 am