Streetbeat News

Revenues

JPM

Jamie Dimon, CEO of JP Morgan Chase & Co. (NYSE:JPM), has raised concerns about the U.S. fiscal deficit, which has reached $1.9 trillion in 2024, amounting to over 6% of GDP. Dimon emphasized the need for immediate action to address the deficit to avoid severe economic repercussions and maintain global economic stability.

Portfolio Pulse from Piero Cingari

May 15, 2024 | 8:27 pm

AQMS

Aqua Metals has announced a new circular supply chain strategy, including the buildout of Sierra ARC, advancing commercial partnerships, and securing a $40 million capital infusion.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:24 pm

AIRI

Air Industries (AMEX:AIRI) reported a Q1 2024 GAAP EPS of $(0.21) and sales of $14.06 million, beating the analyst estimate of $13.00 million. This represents a 12.05% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:23 pm

DO

OXY

Diamond Offshore Drilling has secured a two-year contract extension with Anadarko Petroleum for the Ocean BlackHawk in the US Gulf of Mexico, starting in November 2024. The deal is valued at approximately $350 million, excluding managed pressure drilling services, and replaces a previous one-year option. Anadarko retains three one-year unpriced options.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:23 pm

KA

Kineta provided an update on its ongoing Phase 1/2 VISTA-101 clinical trial, reporting partial response and stable disease in combination cohorts, and durable stable disease in monotherapy cohorts. The company also received a $500,000 investment from an existing investor and is exploring strategic alternatives to maximize stakeholder value.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:21 pm

TRAK

Reposi (NYSE:TRAK) reported Q3 2024 earnings per share of $0.08, missing the analyst estimate of $0.10 by 20%. Sales were $5.085 million, also missing the estimate of $5.527 million by 8%. Despite the misses, sales increased by 5.41% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:19 pm

AMGN

CRM

DHI

DIA

HD

IDXX

MDB

QQQ

SMCI

SPY

TTD

VST

XLK

XLRE

XLU

The S&P 500, Nasdaq 100, and Dow Jones Industrial Average indices reached record highs, driven by a positive inflation report. ETFs tracking these indices, such as SPY, QQQ, and DIA, have seen significant gains. Top-performing sectors include technology and real estate, with notable stocks like SMCI, DHI, and VST showing strong performance.

Portfolio Pulse from Piero Cingari

May 15, 2024 | 8:18 pm

RILY

B. Riley Financial reported a Q1 2024 EPS of $(1.71), a significant decline from $0.51 YoY. Revenue also fell to $343M from $432M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:17 pm

NVGS

Navigator Holdings (NYSE: NVGS) reported Q1 earnings per share of $0.31, meeting analyst expectations. However, the company missed sales estimates, reporting $134.16 million against the expected $146.50 million. Despite this, both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:16 pm

CMCT

Creative Media (NASDAQ:CMCT) reported Q1 2024 GAAP EPS of $(0.19), meeting analyst expectations. The company achieved sales of $34.00 million, surpassing the $24.54 million estimate by 38.56% and marking a 17.59% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:16 pm