Streetbeat News

Revenues

KINS

Kingstone Companies has highlighted a significant market opportunity, strong growth prospects, and increased guidance. The company expects Q2 2024 direct written premium growth of 21.5%, core personal lines growth of 24.3%, and has reported its third consecutive quarter of profitability. Management has expressed confidence in their operations and strategy.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:05 pm

F

GM

STLA

LG Energy Solution and General Motors (GM) are slowing down the construction of their third plant in Michigan due to weak EV demand and potential political shifts in the U.S. The project, initiated in 2022 with a $2.6 billion investment, is being adjusted for flexible operation. GM is also revising its EV production goals, and other Korean battery makers like Samsung SDI and SK On are facing similar challenges, potentially scaling back U.S. investments if political changes occur.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 1:05 pm

MULN

Mullen Automotive has reported a purchase of its Class 3 EV truck by the City of Dublin, Ohio. The company is also in negotiations with multiple government agencies for additional orders. Mullen's EVs qualify for significant incentives in Massachusetts and California.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:03 pm

RDDT

Reddit has partnered with the NFL and NBA to enhance its revenue streams. This collaboration aims to leverage the popularity of sports content on the platform to attract more advertisers and increase user engagement.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:03 pm

SYT

SYLA Technologies (NASDAQ:SYT) has formed a business alliance with Broad Enterprise (TSE: 4415) to enhance sales cooperation, service collaboration, and mutual client referrals.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:03 pm

LVO

TOON

Kartoon Studios and LiveOne have partnered to produce, publish, and distribute music for the Winnie-The-Pooh megabrand. This partnership is expected to drive significant revenue, leveraging the $80 billion retail sales history and millions in music royalties from A.A. Milne's classic books.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:01 pm

ITCI

Intra-Cellular Therapies (NASDAQ: ITCI) received mixed analyst recommendations over the last quarter, with a majority being bullish. The average 12-month price target increased to $99.18. The company showed strong revenue growth but faces challenges in profitability and financial performance.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 1:00 pm

HSIC

Analysts have provided mixed ratings for Henry Schein (NASDAQ:HSIC) over the past three months, with a range of price targets from $72.00 to $92.00. Recent actions include both upgrades and downgrades, reflecting varied sentiment. The company's financials show strong revenue growth, efficient cost management, and a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 1:00 pm

VAL

Valaris has been awarded a multi-year $498 million contract with Equinor for the drillship VALARIS DS-17. The project, named Raia, will take place offshore Brazil and is expected to last 852 days.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:46 pm

DIS

NFLX

VZ

Verizon Communications Inc (NYSE:VZ) reported Q2 earnings with a slight revenue miss but strong wireless and broadband subscriber growth. Sales increased by 0.6% to $32.8 billion, missing the $33.1 billion estimate. Adjusted EPS matched expectations at $1.15. Wireless service revenue grew by 3.5% to $19.8 billion, and broadband subscribers increased by 17.2% year over year. Despite these gains, VZ shares traded lower by 3.89% premarket.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 12:45 pm