Streetbeat News

Revenues

JOYY Inc. reported its Q1 2024 operational highlights, showing a slight increase in global average mobile MAUs to 277.3 million from 272.9 million YoY. However, individual platforms like Bigo Live, Likee, and Hago saw declines in MAUs due to reduced spending on user acquisition. The total number of paying users for BIGO increased to 1.67 million from 1.57 million YoY, although the average revenue per paying user decreased to $235.4 from $244.8.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:56 am

JOYY (NASDAQ:YY) reported Q1 2024 earnings of $1.02 per share, beating the analyst estimate of $0.81 by 25.93%. Sales were $564.560 million, surpassing the $552.667 million estimate. Despite the earnings beat, sales decreased by 3.27% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:47 am

EWA

Australia's construction work done for Q1 fell by 2.9% compared to an estimated 0.6% increase, and a revised prior figure of 1.8%.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:43 am

SHIBUSD

WIFUSD

Memecoins like Shiba Inu and dogwifhat posted double-digit gains despite dips in major cryptocurrencies like Bitcoin and Ethereum. Shiba Inu's rise is partly due to an upcoming airdrop in the Shibarium ecosystem.

Portfolio Pulse from Aniket Verma

May 29, 2024 | 2:52 am

COST

DIS

INTC

NFLX

NVDA

PEP

TSLA

WMT

XOM

Nvidia Corp (NASDAQ: NVDA) has reached new all-time highs, with its market capitalization hitting $2.805 trillion, surpassing the combined value of Tesla, Walmart, Exxon Mobil, Costco, Netflix, PepsiCo, Disney, and Intel. The surge is partly driven by speculation that Elon Musk may use Nvidia products for a supercomputer.

Portfolio Pulse from Chris Katje

May 28, 2024 | 9:53 pm

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) has entered the South African market through an exclusive distribution deal with Dank Pack. This partnership will see Ispire supplying a range of vapor products and accessories to Dank Pack, South Africa's leading supplier of cannabis product packaging and accessories. The deal aims to meet the rising demand for high-quality vaping products in the rapidly-growing South African cannabis market.

Portfolio Pulse from Patricio Liddle

May 28, 2024 | 9:44 pm

FCPT

Four Corners Property Trust (FCPT) has acquired a National Veterinary Associates property in Florida for $1.8 million. The property is under a new long-term, triple net lease with annual rent increases. The transaction was priced at a cap rate consistent with previous FCPT deals.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 9:36 pm

EIS

Rising tensions in the Middle East, particularly in Rafah, have led to international condemnation and political actions. Spain, Ireland, and Norway have recognized a Palestinian state, prompting Israel to withdraw its ambassadors. Despite the turmoil, Israeli stocks saw a slight increase, while oil prices rallied.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 9:11 pm

APPS

Digital Turbine Inc (NASDAQ:APPS) shares fell in after-hours trading following the release of its fiscal fourth-quarter financial results. The company reported Q4 revenue of $112.22 million, missing estimates of $117.69 million, but Q4 EPS of 12 cents, beating estimates of 7 cents. Adjusted EBITDA was $12.3 million, down from $23.1 million in the previous year. Despite the mixed results, the company expects fiscal-year 2025 revenue to be between $540 million and $560 million, and adjusted EBITDA to be between $85 million and $95 million. Shares were down 8.48% at $2.05 in after-hours trading.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 9:02 pm

BHP

FEAM

GROY

MTAL

RIO

Gold Royalty acquires a copper stream for $50 million, BHP and Rio Tinto test electric trucks, Metals Acquisition invests in Polymetals, and 5E Advanced Materials issues convertible notes.

Portfolio Pulse from austin@walkonholdings.com

May 28, 2024 | 8:44 pm