Streetbeat News

Revenues

VINO

Gaucho Holdings has announced the launch of a new fintech financing arm called 'GOAL,' which aims to expand beyond the company's assets and potentially disrupt traditional lending in Argentina.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:30 am

VINO

Gaucho Holdings has announced the expansion of its business with the launch of the Gaucho Open Asset Lending Division. This new division aims to provide asset-backed loans, leveraging the company's existing assets to generate additional revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:30 am

CCG

Cheche Group expects its 2024 net revenues to range from RMB3.5 billion to RMB3.7 billion, a year-over-year increase of 6.1% to 12.1%. The company also anticipates total written premiums placed to range from RMB24.5 billion to RMB26.5 billion, representing a year-over-year increase of 8.4% to 17.3%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:25 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs have seen positive net inflows, with BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund recording significant inflows. In contrast, Grayscale Bitcoin Trust experienced a notable outflow. Cathie Wood emphasized the political significance of cryptocurrency and ARK Invest's commitment to Bitcoin as a public good.

Portfolio Pulse from Murtuza Merchant

May 30, 2024 | 11:23 am

CCG

Cheche Group reported its Q1 financial results with an adjusted EPS of $(0.02) and sales of $109.02 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:18 am

DG

Dollar General has reiterated its financial guidance for fiscal year 2024, expecting net sales growth of 6%-6.7% and diluted EPS between $6.80 and $7.55. The company also anticipates a negative impact on EPS due to higher incentive compensation expenses.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:11 am

XYL

Xylem has reiterated its 2024 guidance and introduced a long-term financial framework. The company anticipates annual organic revenue growth of 4-6%, with an average annual adjusted EBITDA margin expansion of approximately 100 basis points per year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:11 am

KSS

Kohl's has updated its 2024 financial outlook, expecting net sales to decrease by 2%-4% and comparable sales to decrease by 1%-3%. The company also revised its EPS guidance to $1.25-$1.85, down from the previous $2.10-$2.70. Capital expenditures are projected at $500 million, and a quarterly dividend of $0.50 per share has been declared.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:11 am

DXLG

Destination XL (DXLG) has revised its FY24 revenue outlook to the low end of its previous $500 million estimate, with a mid-single digit decrease in comparable sales.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:09 am

BBY

Best Buy expects a 3% decline in Q2 comparable sales and an adjusted operating income rate of approximately 3.5%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:08 am