Streetbeat News

Revenues

AZN

AstraZeneca aims to achieve $80 billion in revenue by 2030 through the launch of 20 new medicines, significant growth in oncology, biopharmaceuticals, and rare disease portfolios, and investments in disruptive innovation. The company also plans to decouple carbon emissions from revenue growth.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:13 am

AMC

GME

Anthony Scaramucci has labeled the recent surge in meme stocks, particularly GameStop (GME) and AMC Entertainment (AMC), as the 'French Revolution of Finance.' He cautions investors to be careful, predicting a volatile ride ahead. Despite a pullback last week, both stocks resumed their rally on Monday, with GME up 4.19% and AMC up 9.77%.

Portfolio Pulse from Shanthi Rexaline

May 21, 2024 | 5:58 am

PGRU

PropertyGuru Group (NYSE:PGRU) reported Q1 2024 GAAP EPS of S$(0.04), an improvement from S$(0.06) YoY. Sales were S$36.515M, missing the S$37.331M estimate but up 11.91% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:27 am

DJT

Trump Media & Technology Group (NASDAQ:DJT) reported a $327.6 million loss in its first earnings report since going public, primarily due to non-cash expenses from its merger with Digital World. The company generated $770,500 in revenue from its nascent advertising initiative and remains focused on long-term product development.

Portfolio Pulse from Kaustubh Bagalkote

May 21, 2024 | 1:47 am

TMTG

TMTG is prioritizing long-term product development over short-term revenue at this early stage in the company's growth.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:16 pm

TMTG

TMTG reported Q1 revenue of $770,500, primarily from its nascent advertising initiative.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:59 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) saw a 9.7% rally in its stock on Monday, driven by the success of a Billie Eilish Listening Event. Despite a weak Q2 box office due to Hollywood strikes, AMC's innovative events and food sales could mitigate the impact. The company plans more such events with top musical artists.

Portfolio Pulse from Chris Katje

May 20, 2024 | 10:26 pm

JHX

James Hardie Industries has provided its Q1 and full fiscal year 2025 guidance. For Q1, the company expects North American volumes of 745M-775M standard feet and adjusted net income of $155M-$175M. For the full fiscal year, North American volumes are projected to be 2,950M-3,150M standard feet, with an EBIT margin of 29%-31%. Adjusted net income is expected to be $630M-$700M.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:08 pm

JHX

James Hardie Industries (NYSE:JHX) reported Q4 2024 adjusted earnings per share (EPS) of $0.40, missing the analyst consensus estimate of $0.42 by 4.76%. The company also reported quarterly sales of $1.005 billion, slightly below the $1.009 billion estimate. Despite the misses, sales increased by 9.50% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:06 pm

TUYA

Tuya (NYSE:TUYA) reported Q1 2024 earnings of $0.02 per share, beating the analyst estimate of $0.01. The company also reported sales of $61.662 million, surpassing the $54.158 million estimate and marking a 29.86% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 9:36 pm