Streetbeat News

Revenues

WBUY

Webuy Global has announced its expansion into an insurance referral program aimed at delivering insurance solutions to markets across Asia. This move is expected to diversify its service offerings and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:07 am

BNS

Bank of Nova Scotia reported its Q2 2024 adjusted EPS of C$1.58, beating the estimate of C$1.56. However, its sales of C$8.347 billion missed the estimate of C$8.256 billion.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:06 am

OGI

Organigram has signed a three-year supply agreement with Avida Medical in the UK to supply 1,700 kilograms of high-quality, indoor-grown dried cannabis flower.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:05 am

BZUN

Baozun reported its Q1 financial results with an adjusted EPADS of $(0.03), which is the same as the previous year. The company also reported sales of $274.19 million, beating the estimate of $269.61 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:01 am

KGRN

NIO

PGJ

NIO Inc. (NYSE:NIO) shares are up 4% in premarket trading after the company delivered its 200,000th ES6 vehicle. NIO has seen significant sales of its ES6 model, with over 127,000 units of the first generation and more than 73,000 units of the second generation sold. The company is also expanding in Europe with a new NIO House in the Netherlands. NIO will hold its annual general meeting on June 25, 2024, and publish its first-quarter results on June 6. Investors can also gain exposure to NIO through KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 9:56 am

SY

So-Young International reported a significant decline in key metrics for Q1 2024 compared to the same period last year. Average mobile MAUs dropped to 2.0 million from 3.4 million, and the number of medical service providers subscribing to its platform decreased to 1,160 from 1,419. The total number of purchasing users through reservation services was 132.8 thousand, with an aggregate transaction value of RMB367.1 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 9:39 am

SY

So-Young International expects Q2 2024 revenue to be between $52.6M and $55.4M, slightly below the $52.49M estimate. This represents a 2.9% to 7.8% decrease from the same period in 2023, based on current market conditions and preliminary estimates.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 9:38 am

GELLY

ZK

Zhejiang Geely Holding Group (OTC:GELLY) has entered the global top 10 for auto sales in Q1 2024, marking a first for a Chinese carmaker. Geely sold 730,000 vehicles, a 27% year-on-year growth, driven by strong electric vehicle exports. The company surpassed Mercedes-Benz and BMW in the rankings. Geely's EV arm, Zeekr Intelligent Technology Holding Limited (NYSE:ZK), aims to double car deliveries in 2024.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 9:36 am

SY

So-Young International reported its Q1 adjusted EPADS of $0.01, up from $(0.00) year-over-year, and sales of $44.08 million, beating the $42.19 million estimate.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 9:35 am

AAPL

FXI

SPY

Apple's iPhone shipments in China rose 52% year-over-year in April, according to data from the China Academy of Information and Communications Technology (CAICT).

Portfolio Pulse from Charles Gross

May 28, 2024 | 9:20 am