Streetbeat News

Revenues

CLVT

Clarivate Plc reported a decrease in revenues and net income for Q3 2024, with a net loss of $65.6 million. The company experienced a decline in organic revenues and adjusted EBITDA, while free cash flow increased due to working capital timing. CEO Matti Shem Tov highlighted the company's overdependency on low-margin transactional revenue.

Portfolio Pulse from

November 06, 2024 | 11:15 am

MRVL

Marvell Technology's strong Q2 results and ambitious AI revenue targets suggest significant growth potential, driven by demand in the data center infrastructure market. The company expects $1.5 billion in AI revenue, with potential for upward revisions.

Portfolio Pulse from

November 06, 2024 | 11:00 am

SOFI

SoFi reported exceptional earnings, surpassing expectations. The company is shifting towards capital-light, fee-based revenue streams, with significant growth in its Loan Platform Business. Management highlights strong demand in the Lending segment.

Portfolio Pulse from

November 06, 2024 | 11:00 am

RIVN

Rivian is anticipated to report its first quarterly revenue decline since its IPO, due to a parts shortage that led to a reduction in its 2024 production target.

Portfolio Pulse from

November 06, 2024 | 11:00 am

XPEV

Xpeng, a Chinese luxury EV maker, achieved a record delivery of 23,917 vehicles in October, marking a 20% increase from the previous year and a 12% rise from September.

Portfolio Pulse from

November 06, 2024 | 10:45 am

LCSHF

Lancashire Holdings Ltd announced a special dividend and expects strong underwriting performance despite significant weather-related losses. The company estimates net losses from recent hurricanes and storms to be between $110 million and $140 million.

Portfolio Pulse from

November 06, 2024 | 10:45 am

MAKSY

Marks & Spencer (M&S) is expected to incur an additional 120 million pounds in costs next year due to the UK government's budget announced on October 30. This financial impact was disclosed by the company's CEO.

Portfolio Pulse from

November 06, 2024 | 10:30 am

NIO

Nio, a Chinese luxury electric vehicle maker, reported October deliveries of 20,976 vehicles, flat compared to September but up 30% year-over-year. Year-to-date deliveries reached 170,257, a 35% increase from last year.

Portfolio Pulse from

November 06, 2024 | 10:15 am

DDL

Dingdong (Cayman) Limited reported a 28.3% year-over-year increase in GMV for Q3 2024, reaching RMB7,267.0 million (US$1,035.5 million).

Portfolio Pulse from

November 06, 2024 | 10:15 am

LSPD

Lightspeed Commerce Inc. has been ranked as the 5th fastest growing enterprise in Deloitte's 2024 Technology Fast 50™ program, highlighting its significant revenue growth over the past four years.

Portfolio Pulse from

November 06, 2024 | 10:15 am