Streetbeat News

Revenues

OCFT

OneConnect Financial Tech (NYSE:OCFT) reported a Q1 GAAP EPADS loss of $(0.21), an improvement from $(0.44) YoY. However, sales decreased by 25.50% to $100.83M from $135.33M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:44 am

AULT

Ault Alliance emphasizes its long-term vision and commitment to building on its core businesses. The company expects significant revenue growth driven by its data center operations, particularly through Sentinum, with projections of over $500 million in revenue and gross margins exceeding 50% by 2027.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:40 am

AULT

Ault Alliance (AMEX:AULT) reported a significant improvement in its Q1 earnings, with EPS rising to $0.14 from a loss of $(41.24) per share YoY. Sales also increased by 55.24% to $44.93 million.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:37 am

CW

Curtiss-Wright reaffirms its FY24 financial guidance and provides a long-term outlook through 2026, targeting significant growth in revenue, operating income, EPS, and free cash flow conversion.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:35 am

ELTK

Eltek (NASDAQ:ELTK) reported Q1 earnings per share of $0.27, beating the analyst estimate of $0.26. However, sales of $11.78 million missed the $12.00 million estimate. Sales increased by 2.73% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:32 am

LUXH

LuxUrban Hotels has announced the pricing of its public offering of 30.50 million common shares at $0.25 per share, expecting to raise approximately $7.6 million in gross proceeds. The funds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:32 am

ARKB

BITB

FBTC

GBTC

IBIT

Bitcoin spot ETFs saw a significant net inflow of $241 million on Monday, driving Bitcoin prices above $70,000. Leading the inflows were Ark Invest and 21Shares’ ETF (ARKB), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise’s Bitcoin ETF (BITB), and Grayscale Bitcoin Trust (GBTC). The inflows reflect growing investor confidence and favorable market conditions.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 11:25 am

PEP

TSLA

Tesla is delivering 50 more Semi trucks to PepsiCo, expanding PepsiCo's fleet to 86 Semis. Tesla is also building a high-volume Semi factory at Giga Nevada, with production for external customers starting in 2026.

Portfolio Pulse from Anan Ashraf

May 21, 2024 | 11:24 am

BZ

Kanzhun Ltd reported strong Q1 2024 results with revenues of $236.0M, up 33.4% YoY, and calculated cash billings of $284.0M, up 24.3% YoY. Average monthly active users increased by 17.4% YoY to 46.6M, and total paid enterprise customers grew by 42.5% YoY to 5.7M.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:23 am

LOW

Lowe's Companies Inc (NYSE:LOW) reported better-than-expected Q1 FY24 earnings, with EPS of $3.06 beating estimates. Despite a 4.4% revenue decline to $21.364 billion, the company saw positive comparable sales in Pro and online segments. Gross profit fell 5.8%, and operating income dropped 19.3%. Lowe's affirmed its FY24 outlook, expecting revenue of $84-$85 billion and EPS of $12.00-$12.30. Shares are trading higher by 2.54% in premarket.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 11:22 am