Streetbeat News

Revenues

OESX

Orion continues to target FY25 revenue growth of 10%-15% on a consolidated basis compared to FY24.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:33 am

TW

Tradeweb reported a total trading volume of $41.7 trillion for May 2024, with an average daily volume up 40.0% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:32 am

NXPI

UMC

United Microelectronics Corporation (UMC) reported a 3.89% year-over-year increase in May sales to NT$19.509 billion. Revenues for January to May rose 2.66% to NT$93.882 billion, though May revenues fell 1.2% from April. UMC also unveiled a new 3D IC solution for RFSOI technology. Meanwhile, NXP Semiconductors (NXPI) and Vanguard International Semiconductor Corporation plan to invest $7.8 billion in a new semiconductor facility in Singapore. UMC's new facility in Singapore is expected to be completed by mid-2024, with production starting in early 2025. UMC shares rose 2.19% to $8.41.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 11:32 am

OESX

Orion Energy Systems (NASDAQ: OESX) reported Q4 earnings per share (EPS) of $0.05, significantly beating the analyst consensus estimate of $(0.07). However, the company's quarterly sales of $26.41 million missed the analyst estimate of $28.98 million. Despite the sales miss, this represents a 22.11% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:32 am

F

TSLA

Chinese automakers, led by BYD, saw significant sales increases in the UK in May, while American automakers Tesla and Ford experienced declines. BYD's sales surged by 2,700%, while Tesla and Ford saw drops of 8% and 31%, respectively.

Portfolio Pulse from Anan Ashraf

June 06, 2024 | 11:30 am

IEMG

MCHI

NIO

NIO, Inc. (NYSE: NIO) reported a significant decline in Q1 2024 revenue and vehicle deliveries, missing analyst expectations. The stock price dropped 5.88% premarket. Despite the poor performance, NIO provided a positive forward outlook for Q2 2024. Investors can gain exposure to NIO via iShares Core MSCI Emerging Markets ETF (NYSE: IEMG) and iShares MSCI China ETF (NASDAQ: MCHI).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 11:24 am

GIII

G-III Apparel expects Q2 Fiscal 2025 sales of approximately $650M, which is below the consensus estimate of $664.59M. The company also projects adjusted EPS of $0.22-$0.32, compared to the consensus of $0.33. However, G-III Apparel has raised its Fiscal 2025 adjusted EBITDA guidance to $295M-$300M from the prior $290M-$295M.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:19 am

ASML

FTXL

NVDA

NXPI

SSG

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) shares hit a record high due to the global AI frenzy. TSMC is in talks with ASML Holding to acquire advanced lithography machines and plans to raise service prices. TSMC announced a buyback of 3.25 million shares and a $7.8 billion facility in Singapore. Nvidia's stock gains also contributed to TSMC's surge. Investors can gain exposure to the semiconductor sector via First Trust Nasdaq Semiconductor ETF and ProShares UltraShort Semiconductors.

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 11:17 am

CLGN

CollPlant has successfully bio-printed 200cc breast implants and reported positive pre-clinical data showing tissue growth and no adverse reactions. Large-animal studies are ongoing with results expected in Q4 2024 and Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:16 am

QSG

QuantaSing Group reported Q3 adjusted EPADS of $0.08, beating the estimate of $0.05. Sales were $130.96 million, surpassing the $128.51 million estimate.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:13 am