Streetbeat News

Revenues

AMAT

ASML

TSM

Top chipmakers, including Applied Materials (AMAT), Taiwan Semiconductor Manufacturing Co (TSM), and ASML Holding NV (ASML), forecast revenue growth due to increased AI and consumer product demand. AMAT projects significant revenue for the May-July quarter, driven by high bandwidth memory used in AI computing. Despite a previous downturn, the market shows signs of recovery.

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 11:24 am

ONMD

OneMedNet has reported a significant expansion of its proprietary iRWD Network and Platform, with year-to-date increases in partner sites, patients, and clinical exams growing by 472%, 170%, and 122%, respectively, since the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:23 am

BCYC

Bicycle Therapeutics has announced a $555 million private placement equity financing through a PIPE deal, involving both new and existing investors. The company will issue and sell 25.933 million American Depositary Shares (ADS) and non-voting ordinary shares at $21.42 per share. The financing is expected to close on May 28, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:16 am

EVGN

Evogene reported its Q1 2024 financial results, with a GAAP EPS of $(0.08) beating the estimate of $(0.09) and sales of $4.190M surpassing the $3.500M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:11 am

CLBT

Cellebrite reaffirms its FY24 revenue guidance of $370M-$380M, aligning with the estimated $376.126M.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:09 am

HLNE

Hamilton Lane (NASDAQ:HLNE) reported Q4 2024 adjusted EPS of $1.38, beating the $1.01 estimate by 36.63%. Sales were $176.665M, surpassing the $136.437M estimate by 29.48%. This represents a 43.75% increase in EPS and a 56.63% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:08 am

CLBT

Cellebrite expects to drive solid Annual Recurring Revenue (ARR) and revenue expansion in Q2, projecting revenue between $90M and $94M, surpassing the estimated $89.405M.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:07 am

NVDA

NWSA

QQQ

SNOW

SPY

VFC

ZUO

Wall Street is set for a strong open driven by Nvidia's positive earnings, with key economic data and a Federal Reserve official's speech also in focus. Nvidia's stock surged over 6.6% in premarket trading, while other notable movements include Snowflake, V.F. Corporation, and Zuora. Analysts suggest a bullish near-term market outlook, but caution on the potential impact of weak economic data.

Portfolio Pulse from Shanthi Rexaline

May 23, 2024 | 11:07 am

SOTK

Sono-Tek (NASDAQ:SOTK) reported Q4 earnings per share of $0.01, meeting analyst expectations. The company also reported quarterly sales of $4.77 million, a 30.38% increase from the same period last year. Cash and equivalents as of February 28 totaled $11.8 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:06 am

CLBT

Cellebrite DI (NASDAQ:CLBT) reported Q1 2024 earnings of $0.08 per share, beating the analyst estimate of $0.06 by 33.33%. Sales were $89.582 million, surpassing the $87.757 million estimate and marking a 25.76% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:03 am