Streetbeat News

Revenues

MSFT

Microsoft's Build conference will highlight AI initiatives, new product launches, and Azure's role in the AI revolution. The company aims to integrate AI tools like Copilot into products such as Excel, Teams, and Word, and unveil new Surface products and Windows features. Analysts estimate these efforts could significantly boost Microsoft's revenue by FY25.

Portfolio Pulse from Rounak Jain

May 20, 2024 | 1:25 pm

JBL

Jabil has reiterated its Q3 guidance, projecting revenue between $6.2 billion and $6.8 billion, which is below the estimated $6.83 billion. The company also expects core EPS to be in the range of $1.65 to $2.05.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:12 pm

PL

Planet Labs PBC (NYSE:PL) has extended its contract with ZEP-RE for a drought insurance program in the Horn of Africa. The collaboration, which has already supported over 2 million pastoralists, will continue for a 5-year project ending in October 2027.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:04 pm

HSDT

Helius Medical Technologies' PoNS device is now available on the VA Federal Supply Schedule and GSA Advantage contracts, providing U.S. veterans and government employees with access to this neurostimulation therapy for gait and balance impairment due to multiple sclerosis.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:02 pm

MIGI

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 65% year-over-year increase in total monthly revenue for April 2024, reaching approximately $4.85 million. The company's self-mining business revenue rose by 73% Y/Y, while its co-location business revenue surged by 105% Y/Y. Mawson also announced a 20 MW expansion plan, increasing its total capacity to 129 MW.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:53 pm

GRI

GRI Bio, Inc. (NASDAQ:GRI) presented positive preclinical data showing that its lead program GRI-0621 reduces inflammation and fibrosis in Idiopathic Pulmonary Fibrosis (IPF). The company is advancing to a Phase 2a biomarker study with interim data expected in Q3 2024 and topline data in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:52 pm

AAPL

BABA

JD

Apple has significantly reduced the prices of iPhone 15 models in China through online retailers JD.com and Alibaba's Tmall, aiming to boost sales amid intense competition. The discounts are as high as 23% for some models. This move follows a decline in Apple's market share in China and a drop in iPhone sales in the region.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:51 pm

NCLH

Norwegian Cruise Line Holdings (NCLH) has announced its 'Charting the Course' strategy, setting ambitious targets for 2026, including an adjusted EPS of approximately $2.45 and an adjusted operational EBITDA margin of around 39%.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:47 pm

NTWK

NETSOL Technologies (NASDAQ:NTWK) reported Q3 earnings per share (EPS) of $0.03, a significant decrease from $0.23 in the same period last year. However, sales increased by 14.50% to $15.46 million from $13.51 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:44 pm

FGF

Fundamental Global reported its Q1 2024 earnings per share (EPS) of $(0.26), an improvement from $(0.42) year-over-year. The company's revenue increased to $8.643 million from $6.567 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:41 pm