Streetbeat News

Revenues

GME

GameStop Corp (NYSE:GME) shares surged after-hours following the announcement of the completion of its at-the-market (ATM) equity offering program, raising approximately $2.137 billion. The company plans to use the proceeds for general corporate purposes, including potential acquisitions and investments. The stock saw a 22% rise during regular trading and continued to climb after the announcement.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 8:56 pm

STRM

Streamline Health has reiterated its expectation to achieve a $15.5 million implemented SaaS ARR and an adjusted EBITDA breakeven run rate during the second half of FY24. However, due to the unpredictability of new contract closings, the company has not provided specific guidance on the timing of bookings.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:49 pm

ESI

Element Solutions has revised its Q2 adjusted EBITDA expectations to approximately $135 million, up from the prior view of $125 million. The company attributes this to the strength in its electronics business and improved profitability. Despite a generally weaker industrial environment, Element Solutions expects to generate record adjusted EBITDA in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:40 pm

HAUS

REZ

The median U.S. asking rental price increased by 0.8% in May to $1,653, the highest since October 2022, driven by strong demand and limited supply. Despite this, rent price growth is tempered by a backlog of new units. The iShares Residential and Multisector Real Estate ETF (REZ) and Tidal ETF Trust Residential REIT ETF (HAUS) saw slight declines.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 8:37 pm

CASY

Casey's General Stores projects a 3%-5% increase in same-store sales for fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:33 pm

GEF

Greif has announced a minimum 6% price increase on all tube, core, and protective packaging products.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:32 pm

IBN

ICICI Bank (NYSE:IBN) has outperformed the market over the past 5 years with an average annual return of 17.51%, resulting in a significant growth in investment value. A $100 investment in IBN 5 years ago would now be worth $221.66.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 8:30 pm

CP

Canadian Pacific Kansas (NYSE:CP) has outperformed the market over the past 15 years with an average annual return of 16.56%, significantly growing an initial $100 investment to $979.31. The company currently has a market capitalization of $71.50 billion.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 8:30 pm

GOOG

GOOGL

ORCL

Oracle Corp (NYSE:ORCL) reported Q4 earnings, missing revenue and EPS estimates. Despite this, the stock surged due to strong AI demand, a significant contract with OpenAI, and a new partnership with Google Cloud. Oracle's cloud revenue showed substantial growth, and the company expects continued strong AI demand to drive future sales. Oracle also declared a quarterly dividend.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 8:27 pm

SMID

Smith-Midland (NASDAQ:SMID) reported a significant increase in Q1 earnings per share (EPS) to $0.21, up 950% from $0.02 YoY. Sales also rose by 30.82% to $16.80 million from $12.84 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:22 pm