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Revenues

FUTU

Futu Holdings reported strong Q1 2024 operational results with significant year-over-year growth in client assets, trading volume, and user base. Total client assets increased by 11.2% YoY to HK$517.9 billion, and total trading volume rose by 9.5% YoY to HK$1.3 trillion.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:12 am

FUTU

Futu Holdings reported significant growth in Q1 2024, with a 23.5% YoY increase in paying clients, a 15.4% YoY increase in registered clients, and a 12.3% YoY increase in total users.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:10 am

FUTU

Futu Holdings reported its Q1 adjusted EPADS of $1.03, beating the estimate of $0.87. The company's sales for the quarter were $331.27 million, surpassing the expected $312.24 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:06 am

TKC

Turkcell Iletisim Hizmetleri has updated its 2024 guidance, now expecting low-double-digit revenue growth, up from prior high single-digit growth. The company maintains its EBITDA margin target of around 42% and operational capex to sales ratio target of around 23%.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:59 am

TKC

Turkcell Iletisim Hizmetleri reported its Q1 earnings with an EPS of TRY0.2, which remained flat year-over-year. However, the company's revenue increased to TRY30.82 billion from TRY27.569 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:58 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is offering Chinese customers a chance to win a free tour of its Fremont factory to boost sales amid declining market share in China and increased US tariffs on Chinese EV imports.

Portfolio Pulse from Anan Ashraf

May 28, 2024 | 7:48 am

ESLT

Elbit Systems (NASDAQ:ESLT) reported Q1 2024 earnings per share of $1.81, surpassing the analyst consensus estimate of $1.35 by 34.07%. The company also reported quarterly sales of $1.554 billion, exceeding the estimate of $1.463 billion by 6.23%. This represents an 11.52% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:41 am

MOMO

Hello Group reported a decline in user metrics for Q1 2024. Monthly Active Users on the Tantan app dropped to 13.7 million from 19.5 million YoY. Total paying users for the Momo app decreased to 7.1 million from 7.8 million YoY, and Tantan's paying users fell to 1.1 million from 1.6 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:37 am

BNTX

MediLink Therapeutics and BioNTech have enhanced their strategic partnership with a new collaboration involving TMALIN ADC technology. MediLink will receive an upfront payment of $25 million and could earn up to $1.8 billion in milestone payments, along with tiered royalties on future sales. MediLink also holds the right of first negotiation for future collaborations in specific markets.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:35 am

MOMO

Hello Group expects Q2 2024 revenue to be between RMB2.65 billion and RMB2.75 billion, a year-over-year decrease of 12.4% to 15.5%. This forecast reflects current market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:34 am