Streetbeat News

Revenues

EPAC

Enerpac Tool Group has narrowed its FY24 projected organic sales growth to approximately 2%-3%.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:33 pm

IMO

Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years, delivering an average annual return of 19.96%. A $1000 investment in IMO 5 years ago would be worth $2,508.21 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 8:31 pm

ROST

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 10 years with an average annual return of 16.2%, surpassing the market by 5.53% annually. A $1000 investment in ROST 10 years ago would be worth $4,513.84 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 8:31 pm

EPAC

Enerpac Tool Group (NYSE:EPAC) reported Q3 2024 GAAP EPS of $0.47, meeting analyst expectations. However, the company missed sales estimates, reporting $150.389 million compared to the expected $153.200 million, a 1.83% shortfall and a 3.75% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:31 pm

XAIR

Beyond Air has revised its FY25 revenue guidance from $12M - $16M to greater than $10M, with an estimated $13.195M. As of March 31, 2024, the company reported cash, cash equivalents, and marketable securities of $34.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:26 pm

XAIR

Beyond Air reported a fiscal year 2024 loss of $(1.82) per share, an improvement from $(1.86) per share last year. The company also reported revenues of $1.2 million for the year, compared to zero in the prior year.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:24 pm

MOS

The Mosaic Company (NYSE:MOS) announced its combined April and May 2024 sales volumes and revenue by business segment, showing a decline compared to the same period in 2023. The company reiterated its Q2 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:23 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose after the company announced a 35% reduction in material costs by simplifying its production process. The company removed over 100 steps from battery-making, 52 pieces of equipment from the body shop, and over 500 parts from its EV designs. These changes are expected to improve manufacturing efficiency and help Rivian achieve profitability.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 8:23 pm

HRZN

Horizon Technology Finance Corporation (NASDAQ:HRZN) has secured a new $100 million senior secured credit facility through its subsidiary, Horizon Funding II, LLC. This facility, led by a large U.S. insurance company, can be increased to $200 million. Horizon plans to use this facility to leverage existing investments and deploy additional capital for new investments.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:22 pm

BTCUSD

DJT

MLGO

Bitcoin falls below $60k for the first time since May. MicroAlgo shares surge 288% on high volume. Trump Media shares rise over 20% after raising $69.4M from warrant exercises.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:19 pm