Streetbeat News

Revenues

SPY

The USA Redbook Year-over-Year (YoY) growth rate has increased to 4.9% from the previous 4.8%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:55 pm

INMB

INmune Bio has highlighted a publication titled 'Proteomic and phenotypic characteristics of memory-like natural killer cells for cancer immunotherapy'. This publication could have significant implications for the company's cancer immunotherapy research and development.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:48 pm

KO

Coca-Cola's CEO has indicated that consumer demand in China remains subdued and the external backdrop is uncertain with signs of pressure in developed markets.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:45 pm

GM

General Motors (GM) has announced delays in the release of the 2024 Buick EV and the opening of its EV pickup plant, now pushed to 2026. The CEO cited capital efficiency and a challenging year in China as reasons for these adjustments.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:43 pm

PII

Polaris Inc. (NYSE:PII) shares fell after the company reported disappointing Q2 earnings and cut its guidance. The company missed analyst expectations for both earnings per share and sales, and lowered its full-year outlook due to inventory reduction efforts and ongoing industry challenges.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 12:43 pm

REBN

Reborn Coffee (NASDAQ:REBN) reported a quarterly loss of $(0.60) per share, a 6.25% improvement from $(0.64) per share last year. Sales increased by 35.29% to $1.52 million from $1.12 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:37 pm

WATT

Energous Corporation (NASDAQ:WATT) has received multiple orders from a Fortune 10 multinational retailer for its 2W PowerBridge transmitter systems. This follows a successful proof of concept project and marks the beginning of a nationwide infrastructure optimization project, starting with upgrades in a grocery distribution center and 170 grocery stores.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:34 pm

ITI

Iteris, Inc. (NASDAQ:ITI) has been awarded a $3.75 million contract by the San Francisco Bay Area Metropolitan Transportation Commission to provide managed services for 511 traveler information operations.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:33 pm

ITB

PHM

PKB

PulteGroup, Inc. (NYSE:PHM) reported strong Q2 FY24 results with revenue of $4.60 billion, beating expectations. Home sale revenues rose 10% Y/Y, and GAAP EPS of 3.83 surpassed the consensus of 3.26. Despite a decline in net new orders, the dollar value of these orders increased. The company repurchased 2.8 million shares and announced a CFO transition. Investors can gain exposure via IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 12:33 pm

GATX

GATX (NYSE:GATX) reported Q2 earnings of $1.43 per share, missing the analyst estimate of $1.77 by 19.21%. However, sales of $386.70M beat the estimate of $385.45M. Earnings decreased by 17.34% YoY, while sales increased by 12.67% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:32 pm