Streetbeat News

Revenues

AMZN

CART

DASH

UBER

WMT

Uber Technologies Inc (NYSE:UBER) reported a mixed Q1 with revenue growth but an unexpected loss due to legal issues. Revenue grew 15% to $10.13 billion, slightly above estimates, but net loss widened to $654 million. Mobility and delivery segments showed growth, but freight contracted. Uber forecasts higher gross bookings for Q2. Instacart (NASDAQ:CART) announced restaurant delivery through Uber Eats, competing with DoorDash (NASDAQ:DASH), Amazon.com (NASDAQ:AMZN), and Walmart (NYSE:WMT). Instacart reported an 8% revenue growth and a net income of $130 million.

Portfolio Pulse from Upwallstreet

May 10, 2024 | 12:35 pm

CMND

Clearmind Medicine has made progress in its program to develop a MEAI-based alcohol substitute beverage, targeting the growing no- and low-alcohol beverage market valued at over $13 billion in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:26 pm

CDNA

CareDX shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company provided FY24 revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:25 pm

AMD

AOTG

ARM

INTC

NVDA

SOXQ

AMD has increased its market share in the client and server segments of the x86 processor market, despite competition from Intel. However, AMD faced a significant drop in gaming revenue due to decreased console demand. Intel gained market share due to AMD's reduced SoC business. AMD's server CPU market gains and competition with Nvidia in the merchant accelerators market were highlighted, alongside potential revenue synergies from the Xilinx acquisition. Arm Holdings is seen as a potential disruptor in the server CPU market due to AI adoption. AMD stock is accessible through AOT Growth And Innovation ETF and Invesco PHLX Semiconductor ETF.

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 12:15 pm

ALTI

AlTi Global (NASDAQ:ALTI) reported Q1 earnings of $0.18 per share, surpassing the $0.03 estimate, marking a 115.13% increase from last year. However, their Q1 sales of $50.81M fell short of the $61.50M estimate, a 12.46% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:10 pm

TLS

Telos Corp (TLS) projects its Q2 2024 revenue to be between $25M-$28M, below the estimated $28.72M, with an expected return to sequential growth by Q3 or Q4 2024, contingent on resolving protests.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:09 pm

PULM

Pulmatrix reported a significant improvement in its Q1 2024 earnings, with EPS rising to $0.23 from a loss of $(1.22) year-over-year. Revenue also saw a substantial increase, reaching $5.885M up from $1.499M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:08 pm

ERNA

Eterna Therapeutics Inc. announced the development of a beta 2 microglobulin-knockout (B2M-KO) iMSC line with enhanced immunosuppressive activity, aimed at improving the treatment of inflammatory diseases. This advancement, presented at the ASGCT Annual Meeting, promises to address batch-to-batch inconsistencies, promote in vivo persistence, and enhance cell effector function.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:07 pm

EWU

The U.K.'s National Institute of Economic and Social Research (NIESR) Monthly Gross Domestic Product (GDP) Tracker reported a growth of 0.7%, an increase from the previous 0.4%.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:02 pm

MMM

Analyst ratings for 3M (NYSE:MMM) show a mix of bullish to bearish sentiments, with recent actions including both upgrades and downgrades. The average 12-month price target is $101.07, slightly down from the previous $101.39. 3M's financials indicate a slight revenue decline but strong profitability metrics, despite challenges in debt management.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 12:01 pm