Streetbeat News

Revenues

EH

KOMP

EHang Holdings Limited (NASDAQ:EH) shares are rising premarket after reporting strong Q1 FY24 results, including a 178% Y/Y revenue increase to $8.5 million, beating the consensus of $6.9 million. The company also improved its adjusted operating loss by 63.4% Y/Y and achieved positive operating cash flow. EHang sold 26 units of its EH216 series products, more than doubling from 11 units in Q1 2023. The company projects Q2 2024 revenues to be around RMB90 million, an 804% Y/Y increase. EHang also established Japan’s first Urban Air Mobility Center and started selling its EH216-S vehicle on Taobao.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 11:17 am

ULS

UL Solutions (NYSE:ULS) reported Q1 2024 earnings per share of $0.28, meeting analyst expectations, and sales of $670 million, slightly beating the $667.615 million estimate. This represents a 7.69% increase in EPS and a 6.52% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:08 am

PTCT

PTC Therapeutics has paused its 2024 revenue guidance due to uncertainties in forecasting the impact of the continued authorization of Translarna in Europe. The company will update its guidance at a future date.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:07 am

GLBE

Global-e Online has raised its FY24 revenue outlook from the previous range of $731M - $771M to a new range of $733M - $773M, surpassing the estimated $749.71M.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:05 am

CGEN

Compugen expects its cash and cash-related balances of $101.3M, along with a $30M milestone payment on COM503 IND clearance expected in 2024, to provide a cash runway into 2027.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:05 am

GLBE

Global E Online (NASDAQ:GLBE) reported a Q1 EPS of $(0.26), missing the $(0.23) estimate, but achieved sales of $145.90M, beating the $141.48M estimate. Sales increased by 24.03% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:02 am

NIU

VWO

VXUS

Niu Technologies (NASDAQ:NIU) reported a 21% revenue growth in Q1 2024, driven by a 36.8% increase in e-scooter sales volume. However, the company faced a decline in gross margin and earnings per ADS of $(0.10), leading to a stock price drop. Niu expects Q2 revenues to grow by 10%-20% Y/Y. The stock has lost over 46% in the last 12 months. Investors can gain exposure via Vanguard FTSE Emerging Markets ETF (NYSE:VWO) and Vanguard Total International Stock ETF (NASDAQ:VXUS).

Portfolio Pulse from Anusuya Lahiri

May 20, 2024 | 10:52 am

ANIP

ANI Pharmaceuticals has launched Kionex (Sodium Polystyrene Sulfonate Suspension USP) for oral or rectal use. The U.S. annual sales for this product total approximately $30.3 million, based on March 2024 moving annual total (MAT) IQVIA data.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:52 am

AAPL

Apple Inc. (NASDAQ:AAPL) has launched a significant discounting campaign for its iPhone models in China, offering discounts of up to $318. This move aims to counter increased competition from local rivals like Huawei. The campaign runs from May 20 to May 28 and follows a previous discounting effort in February. Despite challenges, some analysts remain optimistic about Apple's future in China.

Portfolio Pulse from Rounak Jain

May 20, 2024 | 10:46 am

STLA

VWAGY

XPEV

Volkswagen's Audi is partnering with SAIC to develop a new EV platform in China, aiming to accelerate its BEV portfolio and reduce time-to-market. This collaboration follows Volkswagen's $700 million investment in Xpeng and highlights the increasing reliance on Chinese technological expertise. Stellantis also announced a partnership with Leapmotor to bring models to Europe.

Portfolio Pulse from Shivani Kumaresan

May 20, 2024 | 10:42 am