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DSTRF

FIAC

DevvStream Holdings Inc. (OTC:DSTRF) and E-Fill Electric LLC have entered a definitive agreement to generate carbon credits through E-Fill's EV charging stations in India. This collaboration aims to create a new revenue stream and support infrastructure expansion. DevvStream is also progressing towards a SPAC merger with Focus Impact Acquisition Corp. (NASDAQ:FIAC), expected to close in Q3 2024.

Portfolio Pulse from Akanksha Bakshi

May 30, 2024 | 10:31 am

DSTRF

FIAC

DevvStream has announced a partnership with E-Fill to generate carbon credits from an electric vehicle charging network in India. This collaboration aims to leverage the growing EV market in India to create environmental benefits and new revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:30 am

PATH

iPath shares are trading lower after the company reported Q1 earnings, issued weak revenue guidance, and announced a CEO transition. Some analysts downgraded the stock following the report.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:27 am

ACHR

Archer Aviation Inc. (NYSE: ACHR) has partnered with KakaoMobility to supply up to 50 Midnight eVTOL aircraft worth up to $250M. This agreement includes pre-delivery payments and aims to support Archer's commercialization efforts in Korea. KakaoMobility will make an initial payment of $7M in 2024, followed by a second installment in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:07 am

HRL

Hormel Foods (NYSE:HRL) reported Q2 2024 adjusted earnings per share (EPS) of $0.38, beating the analyst estimate of $0.36. However, sales of $2.887 billion missed the $2.967 billion estimate. Both EPS and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:06 am

RY

Royal Bank of Canada (NYSE:RY) reported Q2 adjusted earnings per share (EPS) of $2.17, beating the analyst estimate of $2.02. The company also reported sales of $10.50 billion, surpassing the $9.90 billion estimate. Both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:02 am

DLTH

Duluth Holdings has updated its fiscal 2024 outlook, projecting net sales of approximately $640 million, adjusted EBITDA of $39 million, and EPS of approximately $(0.22) per diluted share. The company also expects capital expenditures of around $25 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:56 am

CRM

Salesforce Inc. (NYSE:CRM) experienced a significant pre-market drop of 16% following its announcement of a slowdown in sales growth for the current quarter. The company's first-quarter revenue missed estimates, and its projected revenue growth for the current quarter is the first single-digit increase in nearly two decades.

Portfolio Pulse from Pooja Rajkumari

May 30, 2024 | 9:50 am

BIRK

Birkenstock Holding (NYSE:BIRK) reported better-than-expected Q2 earnings and sales. The company posted earnings of $0.45 per share, surpassing the analyst estimate of $0.40 by 12.5%. Sales reached $523.40 million, beating the $506.26 million estimate by 3.39%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:40 am

CM

Canadian Imperial Bank (NYSE:CM) reported Q2 2024 adjusted EPS of C$1.75, beating the estimate of C$1.66. Sales were C$6.164 billion, surpassing the estimate of C$6.098 billion. Both EPS and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:31 am