Streetbeat News

Revenues

AAPL

Apple is reconsidering plans to manufacture iPads and AirPod cases in India, driven by the Indian government's initiative to attract more supply chains. The company is ramping up local production of iPhones and exploring partnerships with Jabil and Foxconn for AirPod components.

Portfolio Pulse from Nivedita Hazra

July 08, 2024 | 9:42 am

UXIN

Uxin Limited (NASDAQ: UXIN) has announced a strategic partnership with Zhengzhou Airport Industry to form a joint venture, Uxin (Zhengzhou) Intelligent Remanufacturing Co., Ltd. Uxin will contribute RMB120 million, while Zhengzhou Airport Industry will contribute RMB50 million. The joint venture aims to establish a new used car super store in Zhengzhou, promoting the automotive aftermarket industry in Henan Province.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 9:09 am

TSLA

Tesla's FSD revenue is nearing a $1 billion annual run-rate, and a fund manager suggests breaking out AI and robotics numbers to enhance valuation. Tesla's automotive business faces challenges, but its AI and robotics segments, including FSD and robotaxis, show promise. The upcoming Aug. 8 robotaxi event may provide more insights.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 9:00 am

TSLA

Elon Musk has denied rumors of a refreshed Tesla Model Y launching this year, urging fans to stop speculating to avoid hurting current sales. The Model Y is Tesla's bestselling car, and rumors of a refresh emerged after the re-engineering of the Model 3. Despite a 4.8% drop in global deliveries in Q2, Tesla still beat consensus estimates.

Portfolio Pulse from Anan Ashraf

July 08, 2024 | 8:16 am

LEDS

SemiLEDs Corp expects Q4 revenue for the period ending August 31, 2024, to be approximately $1 million, with a possible variance of +/- 10%.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 8:07 am

LEDS

SemiLEDs reported its Q3 earnings with an EPS of $(0.06), an improvement from $(0.15) year-over-year. However, sales decreased to $1.32 million from $1.68 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 8:05 am

KDDIY

NTTYY

SFBQF

SFTBF

Japanese telecom giants NTT, KDDI, and SoftBank are venturing into space to build high-speed wireless networks. NTT plans to launch an airborne base station by 2026, while KDDI aims to establish a telecom network between Earth and the moon by 2028. SoftBank is also working on HAPS development and satellite-based telecom services.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 6:26 am

EWG

Germany's trade balance for May was reported at 24.0 billion euros, surpassing the estimated 19.9 billion euros and the previous month's 22.1 billion euros.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 6:01 am

HIVE

Hive Digital Technologies mined 119 Bitcoin in June 2024, increasing its Bitcoin holdings by 2% to a total of 2,496 Bitcoin. The company maintained an average Bitcoin mining capacity of over 4.7 Exahash per second (EH/s) during the month.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 5:17 am

EWA

Australia's home loans decreased by 2.0% month-over-month, missing the estimated 2.0% increase and down from the revised 4.5% prior. This could impact ETFs with significant exposure to the Australian market.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 4:44 am