Streetbeat News

Revenues

ARMN

Aris Mining Corporation reported H1 2024 gold production of 99,983 ounces, down from 104,906 ounces in H1 2023. The company is on track to meet the lower end of its full-year production guidance of 220,000 to 240,000 ounces. The Segovia mine is progressing to higher-grade zones.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:05 pm

LMFA

LM Funding America, Inc. (NASDAQ:LMFA) provided a preliminary, unaudited Bitcoin mining update for June 2024. The company reported holding 160.5 Bitcoins valued at approximately $10.2 million as of June 30, 2024. They have redeployed 3,000 mining machines to a lower-cost site in Oklahoma and are negotiating a $5 million loan to acquire additional miners.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:03 pm

NVAX

Novavax (NASDAQ:NVAX) has significantly outperformed the market over the past 5 years, delivering an average annual return of 29.01%. A $100 investment in NVAX 5 years ago would be worth $356.62 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 9:03 pm

VTNR

Vertex Energy announced it is in line with its Q2 guidance, highlighting a 7% reduction in direct operating expenses and a 29% reduction in capital expenditures. The company also reported conventional throughput of 68,000 bpd, within its guidance range, and renewable throughput and utilization in line with prior guidance.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:03 pm

TFX

Analysts' ratings for Teleflex (NYSE:TFX) over the last quarter show mixed sentiments, with recent price targets averaging $234.75, up from $224.75. Analysts have varied in their ratings, with some raising and others lowering their price targets. Teleflex has shown a positive revenue trend but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 9:01 pm

RES

RPC Inc. (NYSE:RES) has been analyzed by four analysts over the last quarter, revealing mixed sentiments. The average 12-month price target has dropped by 13.44% to $6.44. Analysts from Stifel, Susquehanna, and Citigroup have lowered their ratings and price targets. RPC faces challenges in revenue growth but shows strong net margins and efficient asset management.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 9:01 pm

AIT

FTAI

IWM

LNTH

The Russell 2000 Index marked its fifth consecutive day of gains, driven by expectations of a Federal Reserve interest rate cut. FTAI Aviation Ltd. (NYSE:FTAI) and Applied Industrial Technologies, Inc. (NYSE:AIT) saw significant gains, while Lantheus Holdings, Inc. (NASDAQ:LNTH) declined. The iShares Russell 2000 ETF (NYSE:IWM) also surged, reflecting the overall positive sentiment in small-cap stocks.

Portfolio Pulse from Michael Juliano

July 16, 2024 | 9:01 pm

EQBK

Equity Bancshares (NYSE:EQBK) reported Q2 adjusted EPS of $0.99, beating the $0.92 estimate and showing a 33.78% increase from last year. Sales were $55.43M, surpassing the $55.15M estimate and marking a 19.52% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:48 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) shares surged after the company reported strong Q2 results, forward guidance, and announced an acquisition and new orders. The company beat earnings and sales estimates significantly, reported a strong backlog, and provided a positive revenue outlook for fiscal year 2025.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 8:48 pm

FSI

Flexible Solutions Intl (AMEX:FSI) reported Q2 sales of $10.528 million, beating the analyst consensus estimate of $10.337 million by 1.85%. This represents a 1.91% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:32 pm