Streetbeat News

Revenues

AFMD

Affimed (NASDAQ:AFMD) reported Q1 EPS of $(1.38), beating the estimate of $(1.54) but showing a 37.3% improvement from last year. However, sales of $168.34K missed the $1.34M estimate by 87.44%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:34 am

NATH

Nathan's Famous reported a 20% increase in Q4 EPS to $0.96 and a 5.75% increase in sales to $28.99 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:33 am

CGMS

Capital Group aims to double its assets to $4 trillion by 2031 by expanding its fixed-income business, accelerating its international presence, and diversifying its core equities franchise. The firm is addressing client withdrawals and competition from faster-growing fund rivals.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 10:12 am

VFS

VinFast Auto (NASDAQ:VFS) is accelerating its expansion across Asia despite a global slowdown in electric vehicle demand. The company is opening factories in India and Indonesia ahead of schedule, even as it faces challenges in the U.S. market and a significant drop in stock value.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 10:05 am

COE

51Talk Online Education Group reported significant growth in its Q1 2024 financial results, with gross billings up by 55.6% YoY to $12.6M and net revenues increasing by 70.1% YoY to $9.4M. The number of active students also saw a substantial rise of 83.3% YoY.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:04 am

COE

51Talk Online Education Group expects Q2 2024 net gross billings to be between $13.5 million and $14.0 million, representing a sequential growth of 7.5% to 11.5%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:03 am

COE

51 Talk Online Education reported its Q1 financial results with an adjusted EPADS of $(0.60), down from $(0.39) year-over-year, and sales of $9.45 million, up from $5.55 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:01 am

GM

TSLA

General Motors (GM) plans to invest $850 million in its loss-making Cruise self-driving unit, which has incurred significant losses and faced operational challenges. Tesla CEO Elon Musk criticized the move, suggesting GM is not making the right decisions. Tesla's own self-driving technology is still under development and faces regulatory hurdles.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 9:23 am

ZH

Zhihu reported its Q1 2024 financial results, highlighting total revenues of RMB960.9 million (US$133.1 million), a gross margin expansion to 56.6%, and a net loss of RMB165.8 million (US$23.0 million). The company also reported 89.0 million average monthly active users and 14.8 million average monthly subscribing members.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:18 am

BMY

EVO

Evotec has advanced its neurodegeneration research, triggering a $20 million milestone payment from its collaboration with Bristol Myers Squibb.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:45 am