Streetbeat News

Revenues

SPY

The US initial jobless claims came in at 215,000, which is lower than the estimated 220,000. This indicates a stronger labor market than expected.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:30 pm

SPY

U.S. housing permits for April remained steady at a 1.440 million unit rate, unchanged from the previous month.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:25 pm

FURY

Fury Gold Mines Limited (NYSE:FURY) has announced a CAD$5 million financing agreement with Haywood Securities Inc. and a syndicate of agents. The agents will sell up to 5.32 million common shares as 'flow-through shares' at CAD$0.94 per share.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:18 pm

RFAC

GCL Asia and Wan Xin Culture Technology Company have signed an MoU to invest over $100 million in the Southeast Asian gaming market. The collaboration will focus on IP creation, game development, publishing, and studio acquisitions, aiming to boost efficiency and combat online game piracy.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:15 pm

VRME

VerifyMe has updated its 2024 revenue growth forecast to mid-single digits from double digits due to the discontinuation of a subcontracting agreement with a large global carrier customer. Despite this, the company expects its 2024 gross margin percentage to exceed that of 2023. VerifyMe is actively seeking strategies to mitigate the impact on adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:13 pm

BILI

GAMR

HERO

Bilibili Inc (NASDAQ:BILI) reported a 12% year-on-year increase in fiscal Q1 2024 revenue to $784.5 million, missing the analyst consensus estimate of $794.2 million. Despite a 9% increase in daily active users, the stock price slid due to the revenue miss. The company's adjusted EPADS loss of $(0.15) beat the consensus estimate of $(0.17). Investors can gain exposure to Bilibili through Global X Video Games & Esports ETF (NASDAQ:HERO) and Amplify ETF Trust Amplify Video Game Tech ETF (NYSE:GAMR).

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 12:11 pm

PIII

P3 Health Partners Inc. (NASDAQ:PIII) has announced a private placement of approximately $42.2 million with institutional investors, including affiliates of Chicago Pacific Founders. The funds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:08 pm

F

TSLA

Ford Motor Co (NYSE:F) experienced a 9.1% decline in new vehicle registrations in the EU in April, while Tesla Inc. (NASDAQ:TSLA) saw a 3% increase. Ford's market share in the EU also dropped by 0.7%. Despite this, Ford's U.S. sales rose by 4.2% due to the popularity of its SUVs. Tesla's total EU registrations for the year are down by 4%.

Portfolio Pulse from Anan Ashraf

May 23, 2024 | 12:07 pm

RL

Ralph Lauren expects its FY25 revenues to increase by low-single digits compared to last year on a constant currency basis, centering around 2% to 3%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:06 pm

TRIB

Trinity Biotech reported Q1 earnings per ADS of $(0.37), an improvement from $(0.76) year-over-year. However, sales decreased slightly to $14.70 million from $14.83 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:04 pm