Streetbeat News

Revenues

USO

OPEC has left its 2024 world oil demand growth forecast unchanged at 2.25 million barrels per day and its 2025 forecast unchanged at 1.85 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:02 pm

ASO

Academy Sports (NASDAQ:ASO) reported Q1 earnings of $1.08 per share, missing the analyst consensus estimate of $1.24 by 12.9%. Sales were $1.36 billion, also missing the estimate of $1.38 billion by 1.16%. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:01 pm

AMBA

7 analysts have provided mixed opinions on Ambarella (NASDAQ:AMBA) over the past quarter, with ratings ranging from bullish to bearish. The average 12-month price target is $70.29, a slight decrease from the previous $72.71. Key analysts have adjusted their ratings and price targets, reflecting varied expectations for the company's future performance. Ambarella faces challenges in revenue growth, net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 12:01 pm

SOND

Sonder Holdings Inc. (NASDAQ:SOND) has announced a portfolio optimization program, exiting 60 underperforming properties to improve cash flow by $40 million annually. The company has also secured an additional $10 million in financing to enhance liquidity.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:37 am

BITB

GBTC

IBIT

Bitcoin prices fell sharply to $67,000, raising concerns about a potential reversal in the bullish trend. Analysts highlight insufficient bid support and anticipate continued volatility due to upcoming U.S. macroeconomic data releases. Bitcoin ETFs saw mixed flows, with Grayscale experiencing significant outflows.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 11:36 am

NICE

NICE has launched 1CX, a new Unified Communications As A Service (UCaaS) offering, priced at $5 per user per month.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:31 am

ZK

Chinese EV maker ZEEKR (NYSE:ZK) reported a significant increase in Q1 2024 vehicle deliveries and revenue, outperforming analyst expectations. The company saw a 117% Y/Y increase in vehicle deliveries and a 71% Y/Y increase in revenue, beating the consensus estimate. Despite an adjusted EPS loss, it was much better than expected. The vehicle margin and gross margin also improved significantly.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 11:23 am

AAPL

DO

LUV

Global markets showed mixed performance with U.S. indices closing higher, while Asian and European markets experienced declines. Key movements included Apple shares falling, Southwest Airlines surging due to Elliott Investment's stake, and Diamond Offshore soaring after Noble's acquisition announcement. The Federal Reserve is expected to maintain the federal funds rate. Commodities and futures showed varied performance, and the U.S. Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 10:59 am

WDS

Woodside Energy Group Ltd (NYSE:WDS) shares are trading lower premarket after announcing the first oil from the Sangomar field offshore Senegal. The project, developed by a joint venture including Woodside and PETROSEN, features a standalone FPSO facility and subsea infrastructure. The project cost remains within the $4.9 billion – $5.2 billion range, with production ramping up through 2024.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 10:45 am

J

Jacobs, in a joint venture with VolkerStevin, has been appointed as a construction delivery partner by United Utilities. This partnership is expected to enhance Jacobs' project portfolio and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:37 am