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Revenues

COIN

Coinbase is expected to benefit from the introduction of Ether ETFs, which could drive increased trading volumes and revenue for the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:28 pm

NGG

National Grid Transco reported a significant increase in its FY24 adjusted EPS to £0.84 from £0.638 YoY, despite a decrease in revenue to £19.850M from £21.69M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:27 pm

SPCB

SuperCom's subsidiary, Leaders in Community Alternatives (LCA), has secured a new contract in North California to provide housing and case management services. The contract is expected to generate nearly $500,000 in annual recurring revenue and will run for an initial term of two years, with potential for extension.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:27 pm

AMAT

AMKR

INTC

MU

TSM

The U.S. Commerce Department has granted $75 million to Absolics Inc. for a new semiconductor facility in Georgia, under the CHIPS and Science Act. The facility will focus on advanced substrate technology for semiconductor packaging, creating 1,000 construction jobs and 200 manufacturing and research positions. Absolics, an affiliate of SKC Co., has Applied Materials Inc. (NASDAQ:AMAT) as an investor. The initiative aims to boost U.S. leadership in semiconductor technology.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 1:14 pm

EEM

EMXC

FRHC

KSPI

The article discusses the performance and potential of two Kazakh companies, Kaspi.Kz (KSPI) and Freedom Holding Corp (FRHC), listed on the Nasdaq. Kaspi.Kz debuted at $95.97 per share and has shown strong performance, while Freedom Holding has faced legal challenges but is showing signs of recovery. The article also mentions the iShares MSCI Emerging Markets Ex-China ETF (EMXC) and the iShares MSCI Emerging Markets Index ETF (EEM) as benchmarks.

Portfolio Pulse from Kenneth Rapoza

May 23, 2024 | 1:12 pm

PDD

In the last three months, 10 analysts have published ratings on PDD Holdings (NASDAQ:PDD), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 6.66% to $194.0. Analysts from firms like Bernstein, B of A Securities, UBS, and others have raised their price targets, reflecting positive outlooks on PDD Holdings' financial performance, which includes impressive revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 1:01 pm

BURL

In the past three months, 14 analysts have provided ratings for Burlington Stores (NYSE:BURL), with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 9.33% to $240.36. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. Burlington Stores has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, but has a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 1:00 pm

ECNS

FMET

WB

Weibo Corp (NASDAQ: WB) reported a fiscal Q1 2024 revenue decline of 4% year-on-year to $395.5 million, beating analyst estimates. Adjusted EPS of $0.41 also surpassed expectations. Despite declines in advertising and VAS revenues, the stock price gained post-results. Monthly active users were slightly down, but daily active users increased. The company held $3.3 billion in cash and equivalents and generated $139.6 million in operating cash flow. Weibo stock lost 46% in the last 12 months. Investors can gain exposure via IShares MSCI China Small-Cap ETF (NYSE: ECNS) and Fidelity Metaverse ETF (NASDAQ: FMET).

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 12:53 pm

ESEA

Euroseas (NASDAQ:ESEA) reported Q1 2024 earnings per share (EPS) of $2.66, missing the analyst consensus estimate of $2.89 by 7.96%. However, the company reported sales of $46.7 million, beating the estimate of $46.313 million by 0.84%. Compared to the same period last year, EPS decreased by 13.92%, while sales increased by 11.36%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:50 pm

KULR

KULR Technology Group, Inc. (NYSE:KULR) announced that its CEO, Michael Mo, voluntarily requested a 33% reduction in the cash component of his compensation, opting instead for an equity incentive grant. Additionally, KULR reduced its operating and investment cash usage by 23% in Q1 2024 compared to Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:46 pm