Streetbeat News

Revenues

RAY

Raytech Holding reported a significant increase in revenue for fiscal year 2024, with total sales amounting to approximately HKD67 million, a 47.1% year-over-year growth. The company also expects to report a net income of HKD9.9 million, a 57.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:07 pm

ENPH

Enphase Energy has begun shipping its IQ Battery 5P in France, marking an expansion of its product offerings in the European market.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:06 pm

YOU

CLEAR Secure has opened six new enrollment locations, providing more convenient options for consumers to enroll or renew in TSA PreCheck.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:04 pm

LULU

Analysts have provided mixed ratings for Lululemon Athletica (NASDAQ:LULU) over the past three months, with a recent trend towards lowering price targets. The average 12-month price target has decreased by 11.34% to $427.34. Despite this, Lululemon shows strong financial health with impressive revenue growth, net margin, ROE, and ROA, and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 12:02 pm

BNTX

CVAC

GSK

PFE

GSK plc (NYSE:GSK) and CureVac N.V. (NASDAQ:CVAC) have restructured their collaboration into a new licensing agreement worth around $1.5 billion. GSK will assume full control of developing and manufacturing mRNA vaccines for COVID-19 and influenza, while CureVac will receive significant upfront and milestone payments. CureVac also announced a strategic restructuring to focus on oncology, including a 30% workforce reduction. The agreement extends CureVac's cash runway into 2028.

Portfolio Pulse from Vandana Singh

July 03, 2024 | 12:01 pm

JXJT

JX Luxventure shares are trading higher after its subsidiary, JX Hainan, entered into a $100 million cooperation agreement with Tianjin Auto Trading to market and sell foreign luxury automobiles.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:53 am

ZCAR

Zoomcar Holdings shares are trading higher following the company's announcement of expected revenue growth and reduced net loss for FY24.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:52 am

TSLA

Tesla Inc. (NASDAQ:TSLA) reported a record deployment of 9.4 GWh of energy storage products in Q2 2024, a 132% increase from Q1. Despite a 4.8% drop in vehicle deliveries, Tesla's energy storage segment is growing rapidly, with expectations for continued growth and higher margins.

Portfolio Pulse from Anan Ashraf

July 03, 2024 | 11:47 am

STZ

Constellation Brands (NYSE:STZ) reported Q1 earnings of $3.57 per share, beating the analyst estimate of $3.46. However, sales of $2.66 billion slightly missed the $2.67 billion estimate. Earnings increased by 22.68% year-over-year, while sales grew by 5.84%.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:32 am

SPY

The Challenger Job Cuts report for June shows a decrease to 48.786K from the previous 63.816K, indicating a potential improvement in the job market.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:31 am