Streetbeat News

Revenues

DJT

META

MSFT

Trump Media & Technology Group (NASDAQ:DJT) has a surprising $6 billion valuation despite modest revenue and user base. LinkedIn co-founder Reid Hoffman and other experts criticize the valuation, suggesting it should be around $40 million. The stock has gained 187.28% YTD but recently declined following Trump's legal issues.

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 11:39 am

LILM

Lilium N.V. (NASDAQ:LILM) has successfully completed the first series of tests of its electric jet propulsion unit, achieving maximum thrust and demonstrating expected performance and reliability. This marks a significant step towards zero-emission flight and the safety verification of the Lilium Jet.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 11:35 am

BTCUSD

Julian Assange, founder of WikiLeaks, is set to return to Australia after a long legal battle with the U.S. government. WikiLeaks turned to Bitcoin for financial support after being cut off by PayPal, Visa, and MasterCard. Bitcoin donations have significantly appreciated in value over the years.

Portfolio Pulse from Aniket Verma

June 26, 2024 | 11:21 am

MGIH

Millennium Group Intl (NASDAQ:MGIH) reported a significant decline in its financial performance for the first half of the year, with an EPS of $(0.08) compared to $0.10 YoY and sales of $23.81M down from $26.33M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 11:06 am

GIS

General Mills has projected its organic net sales growth for the fiscal year 2025 to be flat to +1%.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 11:03 am

GIS

General Mills (NYSE:GIS) reported Q4 earnings of $1.01 per share, beating the analyst estimate of $0.99, but sales of $4.71 billion missed the $4.85 billion estimate. Earnings decreased by 9.82% and sales by 6.30% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 11:01 am

EH

KOMP

EHang Holdings Limited (NASDAQ:EH) has delivered a new batch of EH216-S pilotless aircraft, strengthening its presence in China's eVTOL market. The company received full payment for 30 units ordered by Wencheng County Transportation Development Group, delivering 27 units so far. EHang has also secured additional orders, including a significant order from Xishan Tourism. The stock has gained over 6% in the past year, and investors can gain exposure via SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2024 | 10:55 am

LUV

Southwest Airlines shares are trading lower after the company lowered its Q2 unit revenues outlook.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:42 am

LUV

Southwest Airlines expects an all-time quarterly record for operating revenue in Q2 2024, despite lowered unit revenue expectations. The company will provide more details in its upcoming financial results and at Investor Day in September 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:38 am

LUV

Southwest Airlines reports strong Q2 operational performance with minimal cancellations, achieving a 99.5% completion factor despite challenging weather. However, the company has reduced its RASM expectations due to complexities in adapting its revenue management to current booking patterns.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:36 am