Streetbeat News

Revenues

QSG

QuantaSing Group Limited (NASDAQ:QSG) shares are trading higher in the premarket session due to the announcement of a new $20 million share repurchase program. The company has already repurchased approximately 2.6 million ADSs for $11.5 million and holds $159.3 million in cash and short-term investments. The company expects Q4 revenues to increase by 8.7% to 12.3% year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 12:30 pm

ASO

Academy Sports and Outdoors has projected its FY24 revenue to be between $6.070 billion and $6.350 billion, compared to the estimated $6.24 billion.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:30 pm

OPTX

Syntec Optics has secured $1.3M in orders for its datacom microlens array, with potential forecasted orders that could double the demand to $3.2M. The company plans to expand production and metrology to meet these orders in 2024 and early 2025.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:26 pm

HYMTF

TSLA

South Korean automakers Hyundai and Kia have achieved a record-high 11.2% share of the U.S. electric vehicle (EV) market in the first five months of 2024, up from 6.8% in 2023. Despite this growth, they still trail Tesla, which leads the market by 40.5 percentage points.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 12:20 pm

COYA

Coya Therapeutics has published a Phase 1 study in Frontiers in Neurology showing promising results for its combination therapy of CTLA4-Ig and Interleukin-2 in treating ALS. The study demonstrated halting of disease progression and reduction in inflammation and oxidative stress over 24 weeks.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:16 pm

TPET

Trio Petroleum Corp (NYSE American: TPET) has successfully completed its first two exploratory wells in Uintah County, Utah. The HSO 8-4 well discovered over 100 feet of oil-bearing pay zone in the Rimrock Sandstone, while the HSO 2-4 well discovered over 120 feet in the Rimrock Sandstone and 69 feet in the Asphalt Ridge Sandstone.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:15 pm

MPAA

Motorcar Parts of America (NASDAQ:MPAA) reported Q4 sales of $189.48 million, missing the analyst estimate of $198.60 million by 4.59%. This represents a 2.70% decrease from the same period last year. The company exits the quarter with $13.974 million in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:14 pm

CCI

Crown Castle has announced significant operational changes and updated its 2024 outlook. The company plans to reduce capital expenditures by $300 million, achieve $60 million in expense savings, reduce staffing, close offices, review its fiber segment, and realize $100 million in annualized cost savings.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:13 pm

SPOT

Spotify Technology SA is set to launch a new premium plan called 'Supremium' later this year, featuring high-fidelity audio and advanced playlisting tools. The plan will cost at least $5 more per month and is expected to generate additional revenue with an average 40% price increase for users.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:12 pm

POAI

Predictive Oncology has introduced a new technology called 'Membrane Protein Factory' for expressing functional and stable G-Protein Coupled Receptors (GPCRs). The company has filed for intellectual property protection for this technology, which aims to produce purified and biologically active membrane proteins for drug development. The annual US GPCR market was valued at nearly $3.5 billion in 2022 and is expected to grow more than 5% annually through 2030.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:10 pm