Streetbeat News

Revenues

TOUR

Tuniu shares are trading higher following the company's announcement of a year-over-year increase in Q1 revenue results and positive Q2 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:54 am

MSFT

Hitachi Ltd. and Microsoft Corp have announced a multi-billion dollar collaboration over the next three years to enhance Hitachi's Lumada business with generative AI. The partnership aims to address industry challenges and improve productivity, with significant investments from both companies.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 11:39 am

CNM

Core & Main has raised its fiscal 2024 outlook, now expecting net sales of $7.5B-$7.6B and Adjusted EBITDA of $935M-$975M, reflecting recent acquisitions and strong first-quarter performance. The company anticipates solid end market demand and low single-digit sales growth, excluding acquisitions.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:38 am

SAIA

Saia, Inc. (NASDAQ:SAIA) reports significant growth in LTL shipments and tonnage for April and May 2024, with shipments per workday increasing over 18% and tonnage per workday rising by 7.6% and 9.8% respectively. However, the LTL weight per shipment has declined.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:35 am

FTDR

Frontdoor Inc. (FTDR) announced its acquisition of 2-10 Home Buyers Warranty for $585 million in cash. The deal is expected to close in Q4. 2-10 Home Buyers Warranty reported $198 million in revenue for 2023.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:33 am

CME

CME Group has reached a record average daily volume (ADV) of 26 million contracts for May, indicating strong market activity and potential growth in trading volumes.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:33 am

CNM

Core & Main (NYSE:CNM) reported Q1 earnings per share (EPS) of $0.49, missing the analyst estimate of $0.52. However, the company beat sales estimates with $1.74 billion, a 10.61% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:31 am

CRWD

GTLB

HPE

PVH

QQQ

SFIX

SPY

Nasdaq and S&P 500 futures are down as tech stocks weaken and meme stock rallies lose momentum. Concerns over China's potential move to cut reliance on U.S. chipmaking and upcoming economic data are influencing market sentiment. Key stocks and ETFs like SPY, QQQ, GTLB, PVH, SFIX, CRWD, and HPE are in focus.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 11:27 am

AUGX

Augmedix reaffirms its financial outlook, expecting a slight sequential increase in Q2 revenue and projecting FY24 revenue between $52M and $55M, aligning with market estimates.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:23 am

O

Realty Income has revised its 2024 outlook, adjusting its normalized FFO per share to a range of $4.19 - $4.28 and AFFO per share to $4.15 - $4.21. The company also increased its expected 2024 investment volume to approximately $3.0 billion from the previous guidance of $2.0 billion.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:13 am