Streetbeat News

Revenues

LAZ

Lazard, Inc. (NYSE:LAZ) reported an increase in its assets under management (AUM) to $245.0 billion as of May 31, 2024, up from $240.8 billion in April 2024. The increase was driven by market appreciation of $4.4 billion, net outflows of $1.6 billion, and foreign exchange appreciation of $1.4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 10:49 am

AAPL

DIA

SPY

On June 11th, U.S. stock markets closed mixed with the S&P 500 and Nasdaq reaching record highs, driven by a surge in Apple shares. Apple was upgraded by DA Davidson, citing AI advancements. The NFIB Small Business Optimism Index increased. Most S&P 500 sectors ended lower, while IT and communication services stocks closed higher. The Dow Jones closed down, while the S&P 500 and Nasdaq closed up. Asian markets were mixed, and European markets showed gains. Crude oil prices increased, while natural gas declined.

Portfolio Pulse from Akanksha Bakshi

June 12, 2024 | 10:45 am

BA

ITA

PPA

Boeing Co (NYSE:BA) is opening a new aerospace tech hub at Embry-Riddle Aeronautical University in Florida, focusing on military aviation programs. The facility will create around 200 engineering jobs in 2024, with potential for more. Boeing's stock has declined over 16% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 10:39 am

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