Streetbeat News

Revenues

HUBS

HubSpot (NYSE:HUBS) has significantly outperformed the market over the past 5 years, delivering an average annual return of 30.01%. A $100 investment in HUBS 5 years ago would now be worth $376.65, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 2:00 pm

ROIV

Six analysts have recently evaluated Roivant Sciences (NASDAQ:ROIV), with all ratings being bullish. The average 12-month price target has increased to $18.33 from $16.25. Analysts have maintained or raised their price targets, reflecting positive sentiment towards the company's financial performance, including significant revenue growth and strong profitability metrics.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 2:00 pm

TXN

Texas Instruments (NASDAQ:TXN) has outperformed the market over the past 20 years with an average annual return of 10.62%, resulting in a $100 investment growing to $747.96. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 2:00 pm

GCO

Genesco Inc (NYSE:GCO) shares surged 14.9% after reporting better-than-expected Q1 FY25 earnings. Despite a 5.3% sales decline to $457.60 million, the results beat the consensus estimate of $445.05 million. Adjusted EPS of $(2.10) also surpassed the expected $(2.66). The company reaffirmed its fiscal 2025 outlook.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 1:56 pm

SPY

The Chicago Purchasing Managers' Index (PMI) for May came in at 35.4, significantly below the estimated 41.1 and the prior month's 37.9. This indicates a contraction in manufacturing activity in the Chicago area.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:47 pm

DOOO

BRP Inc. (NASDAQ:DOOO) shares fell over 3% in premarket trading after the company cut its FY25 guidance. Despite beating Q1 earnings and revenue estimates, the company faces challenges such as lower product volumes, dealer profitability pressures, and a competitive landscape. BRP adjusted its production to manage inventory levels and expects a significant drop in Q2 EBITDA.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 1:30 pm

COIN

The cryptocurrency market's maturity, marked by reduced volatility, is expected to impact Coinbase's trading revenue. Despite exceeding Q1 projections, Coinbase's trading volume has significantly dropped from its 2021 peak. The company's future remains promising with diversified revenue sources and potential growth if the bull market continues.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 1:30 pm

AZN

AstraZeneca's CEO, Pascal Soriot, stated that the company does not need further mergers and acquisitions. He also mentioned that the Inflation Reduction Act could impact the company's top line by $500 million. Soriot aims to nearly double sales by 2030 and has no plans to retire.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:27 pm

STM

The European Commission has approved a €2 billion Italian state aid to support STMicroelectronics (NYSE:STM) in establishing a chip manufacturing facility in Catania, Sicily. The plant will produce Silicon Carbide (SiC) power devices, contributing to Europe's technological self-sufficiency and digital sovereignty. The project aims to enhance the supply and resilience of semiconductor technologies crucial for digital and green transitions.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 1:09 pm

ACRDF

CGC

Acreage Holdings reported a 19% YoY decline in Q1 revenue, but CEO Dennis Curran sees significant growth opportunities as the company integrates with Canopy Growth's USA ecosystem. Acreage is focusing on the New York adult-use market and Ohio's upcoming adult-use sales.

Portfolio Pulse from Jelena Martinovic

May 31, 2024 | 1:07 pm