Streetbeat News

Revenues

ALSN

AMC

GME

GTX

Rod Alzmann, founder of GMEdd.com and early GameStop investor, is shifting his focus away from meme stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) due to their high volatility and risk. Instead, he is targeting automotive component providers such as Allison Transmission Holdings (NYSE:ALSN) and Garrett Motion (NASDAQ:GTX), which he believes are undervalued and aggressively buying back stock.

Portfolio Pulse from Adam Eckert

May 16, 2024 | 8:09 pm

DESP

Despegar.com (NYSE:DESP) reported Q1 2024 earnings per share (EPS) of $0.07, missing the analyst consensus estimate of $0.15 by 53.33%. However, the company reported quarterly sales of $173.7 million, beating the analyst consensus estimate of $171.556 million by 1.25%. This represents a 9.45% increase over sales of $158.707 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:09 pm

AIRI

Air Industries Group has received orders valued at $8.2 million for components used in UH-60 Black Hawk and H-92 helicopters.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:05 pm

AMAT

Applied Materials (AMAT) expects Q3 net revenue to be approximately $6.65 billion, plus or minus $400 million, compared to the estimated $6.576 billion. The company also projects adjusted EPS to be between $1.83 and $2.19, against an estimated $1.98.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:05 pm

DOCS

Doximity has revised its FY25 revenue guidance to a range of $506 million to $518 million, which is below the previous estimate of $520.772 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:04 pm

DOCS

Doximity has announced its Q1 2025 revenue forecast to be between $119.5 million and $120.5 million, slightly above the estimated $119.23 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:04 pm

AMAT

Applied Materials (NASDAQ:AMAT) reported Q2 2024 earnings per share of $2.09, surpassing the analyst estimate of $1.99. The company also reported sales of $6.646 billion, exceeding the $6.537 billion estimate. Both earnings and sales showed slight increases compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:02 pm

V

Visa (NYSE:V) has significantly outperformed the market over the past decade, delivering an average annual return of 18.23%. A $100 investment in Visa 10 years ago would now be worth $539.17, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 8:00 pm

TOL

Toll Brothers (NYSE:TOL) has outperformed the market over the past 20 years with an average annual return of 9.69%, resulting in a $1000 investment growing to $6,739.00. The company currently has a market capitalization of $13.97 billion.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 8:00 pm

CCJ

DNN

LEU

UEC

UUUU

The U.S. government is set to offer up to $3.4 billion for domestic uranium enrichment, with funding available as soon as June. This move aims to bolster the domestic uranium industry.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:49 pm