Streetbeat News

Revenues

MSFT

QCOM

Microsoft's recent AI announcements at the Build developer conference have generated significant excitement, particularly around its Copilot strategy. Analyst Dan Ives from Wedbush is optimistic about Microsoft's AI advancements, predicting substantial revenue growth. Microsoft also unveiled AI PCs in partnership with Qualcomm.

Portfolio Pulse from Rounak Jain

May 22, 2024 | 9:59 am

MSFT

Microsoft Corp. and G42 announced a $1 billion digital ecosystem initiative in Kenya, in collaboration with Kenya's Ministry of Information, Communications and the Digital Economy.

Portfolio Pulse from Charles Gross

May 22, 2024 | 9:21 am

VIPS

Vipshop Holdings reported a Q1 GMV of RMB52.4 billion, an 8% increase YoY. The number of active customers slightly decreased to 43.1 million from 43.7 million YoY, and total orders fell to 178.5 million from 184.4 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:09 am

VIPS

Vipshop Holdings expects Q2 2024 revenue to be between RMB26.5 billion and RMB27.9 billion, which is below the estimated RMB29.3 billion. This represents a year-over-year decrease of approximately 5% to 0%.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:06 am

FSM

Fortuna Silver Mines announced that its Yaramoko Mine in Burkina Faso has reached the one-million-ounce gold pour milestone on May 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:02 am

BYDDF

TSLA

BYD Co. (OTC:BYDDF) is set to launch its budget-friendly Seagull EV in Europe, challenging local automakers with a sub-$21K price tag. The move intensifies competition in the EV market, particularly affecting Tesla (NASDAQ:TSLA) and other European manufacturers.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:50 am

NSANY

Nissan Motor Co (OTC:NSANY) has paused its plans for two electric sedans in the U.S. while expanding its EV lineup to five vehicles, focusing on SUVs due to changing market trends. The company aims to introduce 30 new models by 2026, with 16 being electrified, to boost global sales and profitability.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:35 am

NBTX

Nanobiotix reported cash and cash equivalents of €58.9 million as of March 31, 2024, which is expected to fund operations into Q3 2025, including a $20 million milestone received.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:24 am

GOGL

Golden Ocean Group (NASDAQ:GOGL) reported strong Q1 2024 results with adjusted EPS of $0.29, beating the $0.24 estimate, and sales of $246.735 million, surpassing the $188.125 million estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:15 am

F

PEP

TSLA

PepsiCo is expanding its electric vehicle fleet by adding 75 Ford E-Transit vans and 50 Tesla Semi trucks. This move aligns with PepsiCo's goal of achieving net-zero emissions by 2040. The company has also installed Tesla chargers and Megapack Battery Energy Storage Systems at its Fresno facility.

Portfolio Pulse from Anan Ashraf

May 22, 2024 | 6:14 am