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Revenues

JAGX

Jaguar Health and Magdalena Biosciences have executed an out-license deal for a botanical drug candidate for schizophrenia. The drug shows antipsychotic activity with a unique mechanism of action. Jaguar will receive milestone payments and increasing royalties upon commercialization in the U.S. schizophrenia market, projected to reach $8.06 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:34 pm

CAVA

CAVA Group, Inc. (NYSE:CAVA) reported better-than-expected first-quarter earnings and increased FY24 guidance. The company saw a 30.3% year-over-year revenue increase and raised its full-year sales and EBITDA forecasts. Analysts have subsequently boosted their price targets for CAVA.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 12:29 pm

AMZN

SAP

AWS and SAP have announced an expanded strategic collaboration to enhance cloud enterprise resource planning (ERP) experiences using generative AI. This partnership aims to integrate SAP AI Core with Amazon Bedrock to provide AI-driven insights and streamline processes for enterprise customers.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:20 pm

DKS

Dick's Sporting Goods Inc (NYSE:DKS) reported better-than-expected Q1 FY24 earnings, with sales growth of 6.2% year-on-year to $3.02 billion and an adjusted EPS of $3.30. The company raised its full-year EPS outlook to $13.35 – $13.75 and net sales guidance to $13.1 billion – $13.2 billion. DKS shares are trading higher by 7.21% premarket.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 12:18 pm

NAT

Nordic American Tankers reported that its Q1 average Time Charter Equivalent (TCE) for its fleet was $34,320 per day per ship.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:17 pm

NIO

TSLA

China is set to allocate over $830 million to advance solid-state battery technology, benefiting key suppliers like Tesla's CATL and Nio-backed WeLion. This investment aims to enhance safety, lifespan, and charging speed of batteries, potentially unlocking a multi-trillion yuan market.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 12:15 pm

NAT

Nordic American Tankers (NYSE:NAT) reported Q1 2024 earnings per share of $0.07, missing the analyst estimate of $0.11 by 36.36%. The company also reported sales of $60.572 million, missing the estimate of $76.562 million by 20.89%. This represents a 30.45% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:15 pm

VVPR

VivoPower's Tembo has launched a fully electric pickup utility vehicle, securing initial B2B orders for EU-certified OEM vehicles. The vehicles are on track for full homologation by July 2024. This strategic development allows Tembo to bypass capex intensive assembly processes and fast track to profitable revenues. The OEM program is expected to expand Tembo's total addressable B2B market by over 100% to $203 billion.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:14 pm

CLOV

Clover Health has announced the launch of Counterpart Health, a new initiative aimed at improving healthcare services. This move is expected to enhance Clover Health's market position and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:13 pm

AAPL

Apple has won a legal battle in China regarding App Store fees, as reported by Bloomberg. This victory could have significant implications for Apple's operations and revenue in the region.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:09 pm