Streetbeat News

Revenues

WISA

WiSA Technologies reported a Q1 EPS of $(5.35) and sales of $255.00K, compared to $469.00K year-over-year. The company exited Q1 with cash and equivalents worth $2.8M.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:26 am

NVDA

SSNLF

Samsung Electronics has appointed Young Hyun Jun as the new head of its semiconductor division to address the 'chip crisis' and compete in the AI chip market. This move is seen as a response to the increasing demand for high-end AI chips, where Samsung has been trailing behind competitors like SK Hynix. Jun's appointment comes as Samsung aims to revamp its chip manufacturing techniques to enhance its position in the market.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 10:13 am

LOW

Lowe's Companies has affirmed its FY24 outlook, projecting total sales between $84 billion and $85 billion, and diluted EPS between $12.00 and $12.30. The company expects comparable sales to decline by 2-3% compared to the prior year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:07 am

LOW

Lowe's Companies reported a 4.1% decrease in Q1 comparable sales, attributed to a decline in DIY big ticket discretionary spending, partially offset by positive sales in Pro and online segments.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:04 am

XPEV

XPeng expects Q2 2024 revenue to be between RMB7.5 billion and RMB8.3 billion, below the estimated RMB9.829 billion. Vehicle deliveries are projected to be between 29,000 and 32,000, showing a year-over-year increase of 25.0% to 37.9%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:37 am

XPEV

XPeng reported Q1 2024 vehicle deliveries of 21,821 units, a 19.7% increase from the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:34 am

VGK

The Eurozone's trade balance for March was reported at 24.1 billion euros, surpassing the estimated 19.9 billion euros and the prior month's 23.6 billion euros.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:01 am

IBM

MSFT

IBM has announced the release of its new open-source AI models, 'Granite,' and secured a deal with Saudi Arabia to train an Arabic AI system using its Watsonx tool. This move contrasts with competitors like Microsoft, who keep their AI models proprietary.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 8:47 am

JD

JD.com reported its interim Q1 revenue of $36 million and earnings per share (EPS) of $0.31.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:42 am

EIX

Southern California Edison and Lotus Infrastructure Partners have been selected by CAISO to develop a major transmission project between San Diego and Orange Counties. The project will deliver energy from renewable sources to Southern California.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 7:22 am