Streetbeat News

Revenues

LI

Li Auto expects Q2 2024 revenue to be between RMB29.9B and RMB31.4B, up 4.2%-9.4% YoY, and vehicle deliveries to be between 105K and 110K, up 21.3%-27.1% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:40 am

EH

EHang Holdings expects Q2 2024 revenue to be around RMB90 million, marking an 804% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:25 am

RERE

ATRenew expects Q2 2024 revenue to be between RMB3.67 billion and RMB3.77 billion, representing a year-over-year increase of 23.8% to 27.2%. This forecast reflects the company's current and preliminary views on market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:23 am

EH

EHang Holdings (NASDAQ:EH) reported Q1 2024 adjusted EPADS of $(0.02), significantly beating the analyst estimate of $(0.09). The company also reported sales of $8.549 million, surpassing the $6.868 million estimate and marking a 164.43% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:21 am

BTCUSD

Venture capital investment in Bitcoin and cryptocurrency companies surged to $2.4 billion in Q1 2024, indicating a potential revival in investor interest. This follows a decline to $1.7 billion in Q4 2023. The increase in investment suggests renewed confidence in the crypto sector, despite its volatility and regulatory scrutiny.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 8:15 am

BTCUSD

COIN

A massive Bitcoin transfer worth $1.1 billion was executed with just $7.30 in fees, highlighting the cost and efficiency advantages of cryptocurrency transactions over traditional banking. The transfer, possibly by a nation-state, was moved from Binance to either a new buyer or cold storage.

Portfolio Pulse from Aniket Verma

May 20, 2024 | 7:09 am

NIU

NIU expects Q2 2024 revenues to be between RMB 912 million and RMB 995 million, indicating a year-over-year increase of 10% to 20%.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 7:08 am

NIU

Niu Technologies (NASDAQ:NIU) reported a quarterly loss of $(0.10) per share, an improvement from $(0.11) per share last year. Sales increased by 15.06% to $69.90 million from $60.75 million.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 7:06 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is facing backlash from European leasing companies due to repeated retail price cuts and slow service, which have negatively impacted the residual values of Tesla’s fleet customers. Despite offering unofficial discounts and attempting to resolve service issues, skepticism remains about the effectiveness of these measures.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 7:03 am

ALAB

Astera Labs (NASDAQ:ALAB) has expanded its PCIe 6.x testing capabilities in Taiwan, enhancing interoperability for AI servers with its Aries 6 Smart DSP Retimers. This development aims to accelerate time-to-market for AI platform developers by ensuring high-bandwidth, low-latency PCIe 6.x connectivity.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:35 am