Streetbeat News

Revenues

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) stock is trading lower following the conclusion of a criminal trial against its majority owner, Donald Trump, who was found guilty of 34 charges of falsified business records. Despite this, Trump retains significant support from wealthy Wall Street figures and can still run for president. The company reported disappointing first-quarter financial results and a decline in daily visits to its social networking site, Truth Social.

Portfolio Pulse from Anusuya Lahiri

May 31, 2024 | 11:49 am

VEEV

Veeva Systems shares are trading lower after the company issued weak revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:46 am

AMBA

ASAN

DELL

GPS

QQQ

SPY

Wall Street is poised for a strong finish in May despite futures slipping due to inflation data concerns. The S&P 500 and Nasdaq 100 futures are down, and premarket trading shows declines in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ). Mixed reactions to earnings reports from tech and retail sectors are noted. Dell Technologies (DELL) plunged over 15% in premarket trading following earnings, while other stocks like Ambarella (AMBA), Asana (ASAN), and Gap (GPS) saw significant movements.

Portfolio Pulse from Shanthi Rexaline

May 31, 2024 | 11:26 am

BA

EADSY

The IATA summit in Dubai will address challenges such as geopolitical tensions, aircraft shortages, and environmental goals. The aviation industry has returned to profitability, but faces rising costs and increased competition. Boeing's production issues and Airbus's comments highlight ongoing industry concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:07 am

GCO

Genesco Inc. (GCO) has projected a decline in FY25 sales by 2% to 3% and an EPS range of $0.60 to $1.00, compared to the estimated $0.63.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:56 am

PNM

PNM Resources announced that its unit, Public Service Company of New Mexico (PNM), has received approval from the New Mexico Public Regulation Commission to add 410 megawatts of solar and battery storage capacity by summer 2026. This move aims to meet the growing demand from PNM's retail customers, which saw record peak demand in the summers of 2022 and 2023.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:35 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher in the premarket session after announcing a significant contract with the Department of Defense. The contract includes a $153 million order and potential additional awards up to $480 million over five years. Palantir will provide AI-enabled operating systems and integrate third-party capabilities to enhance military operations.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 10:30 am

EH

EHang Holdings has signed a Memorandum of Understanding with Taiyuan Xishan Ecological Tourism Investment Construction, receiving a $15.6M purchase order for 50 EH216-S pilotless eVTOL aircraft. Xishan Tourism also plans to purchase an additional 450 units over the next two years.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:19 am

AAPL

SSNLF

Huawei has surpassed Samsung in global foldable smartphone shipments for Q1 2024, driven by a 257% YoY growth in 5G-enabled foldables. The global foldable market saw a 49% YoY increase, with Huawei leading the surge. Other players like Honor and Motorola also saw significant growth.

Portfolio Pulse from Rounak Jain

May 31, 2024 | 10:17 am

DOOO

BRP has revised its FY25 revenue guidance to a range of $8.6 billion to $8.9 billion, down from the previous range of $9.1 billion to $9.5 billion. The new guidance is below the estimated $9.4 billion.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:10 am