Streetbeat News

Revenues

BABA

Alibaba.com has launched Alibaba Guaranteed, a service aimed at simplifying global sourcing and providing a reliable supply chain for SMEs. The service offers fixed prices with shipping fees included, promises dispatch within 72 hours, and guarantees delivery by the expected date. It also includes after-sales services like quick money back for order issues and free local returns for defects.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:15 am

NIO

Nio reported Q1 2024 vehicle deliveries of 30,053, a 3.2% decrease YoY and a 39.9% decrease QoQ. The deliveries included 17,809 premium smart electric SUVs and 12,244 premium smart electric sedans.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:15 am

HOFT

Hooker Furnishings expects to return to profitability in the current fiscal year despite reporting an operating loss this quarter, which was driven by sales reductions in each segment.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:10 am

BEST

BEST Inc. reported its Q1 2024 earnings per ADS (EPADS) at $(1.15), an improvement from $(1.71) year-over-year. Sales increased to $268.97 million from $249.76 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:08 am

JFIN

Jiayin Group expects its loan facilitation volume for 2024 to be between RMB93 billion and RMB98 billion, with Q2 2024 volume around RMB23 billion. These forecasts are based on current market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:08 am

JFIN

Jiayin Group reported a Q1 loan facilitation volume of RMB22.5 billion ($3.1 billion), up 13.6% YoY. The average borrowing amount per borrowing increased by 6.6% to RMB10,570 ($1,464), and the repeat borrowing rate rose to 73.0% from 67.8% in the same period of 2023.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:05 am

JFIN

Jiayin Gr (NASDAQ:JFIN) reported Q1 earnings per share (EPS) of $0.72, a 5.26% decrease from $0.76 YoY. However, sales increased by 25.05% to $204.33 million from $163.40 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:03 am

HOFT

Hooker Furnishings (HOFT) plans to finalize and implement cost reduction strategies in Q2, aiming for a 10% reduction in fixed costs starting in the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:03 am

KBR

KBR has been awarded an estimated $82 million cost-plus-fixed-fee task order under an IAC MAC contract by the United States Air Force for the Air Force Life Cycle Management Center.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:03 am

WISA

WiSA Technologies is making significant inroads into the $296 billion wireless audio market, driven by interest in its WiSA E software. The software offers advantages for consumer electronics manufacturers by integrating multichannel wireless audio functionality into streaming media devices, reducing production costs and enhancing product offerings.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:53 am