Streetbeat News

Revenues

SPY

Building permits for April came in at 1.44 million, falling short of the expected 1.48 million. This indicates a potential slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:30 pm

SPY

Housing starts for April came in at 1.36 million, below the estimated 1.42 million. This shortfall may impact market sentiment, particularly in sectors related to housing and construction.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:30 pm

SPY

Building permits for April decreased by 3%, indicating a potential slowdown in the construction sector.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:30 pm

SPY

The Philadelphia Fed Manufacturing Index for May came in at 4.5, below the estimated 7.7. This indicates a slower pace of growth in the manufacturing sector than expected.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:30 pm

VEON

VEON Ltd (NASDAQ:VEON) reported a 6.6% year-on-year revenue growth in Q1 FY24, driven by its Digital Operator strategy. The company saw significant increases in digital service users and 4G subscribers. EBITDA grew slightly, but the margin decreased. VEON maintained its full-year guidance for revenue and EBITDA growth.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 12:26 pm

WMT

Walmart's CFO reports significant Q1 share gains in fashion, home, appliances, and electronics. Additionally, marketplace sales in furniture, sporting goods, kids apparel, and home grew over 20%.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:26 pm

IMPP

Imperial Petroleum (NASDAQ: IMPP) reported Q1 2024 adjusted EPS of $0.59, significantly beating the $0.23 estimate. Sales were $41.203M, also surpassing the $35.400M estimate. However, both EPS and sales showed a significant decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:24 pm

SMXT

SolarMax Technology (NASDAQ:SMXT) reported a significant decline in its Q1 earnings and sales. The company posted a loss of $(0.46) per share, a 2400% decrease from $0.02 per share last year. Sales also dropped by 55.21% to $5.76 million from $12.87 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:24 pm

MICS

Singing Machine Co (NASDAQ:MICS) reported a Q1 EPS of $(0.37), an improvement from $(0.96) YoY, but sales decreased to $2.43M from $3.38M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:21 pm

SLNH

Soluna Holdings (NASDAQ:SLNH) reported a significant improvement in its Q1 financial results, with a 74.56% reduction in losses per share and a 307.17% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:15 pm