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Revenues

FXI

China's trade balance for April was reported at $72.35 billion, lower than the estimated $81.40 billion but higher than the previous month's $58.55 billion.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:17 am

FXI

China's imports for April increased by 8.4% year-over-year, surpassing the estimated 5.4% and marking a significant rebound from the previous -1.9%. This indicates a stronger than expected economic activity in China.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:17 am

FXI

China's exports in April increased by 1.5% year-over-year, surpassing the estimated 1.0% growth and marking a significant improvement from the previous -7.5% decline.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:16 am

ABNB

ARM

HOOD

SHOP

TSLA

On Wednesday, ARM Holdings, Robinhood, Airbnb, Shopify, and Tesla were key stocks on investors' radars, with varied performances. ARM Holdings reported better-than-expected Q4 results, Robinhood announced record Q1 revenue, Airbnb saw an 18% increase in Q1 revenue, Shopify reported a 23% growth in Q1 revenue, and Tesla's shares fell amid investigations into its self-driving technology claims.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 3:20 am

HNST

The Honest Company (HNST) has reaffirmed its FY24 financial outlook, projecting low-to-mid single digit percentage revenue growth and positive adjusted EBITDA in the low-to-mid single digit millions. The company also remains optimistic about its long-term strategy, expecting 4%-6% annual revenue growth and continued adjusted EBITDA margin expansion beyond 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:25 pm

MYO

Myomo projects over $5M in Q2 product revenue, surpassing the $5.12M estimate, and forecasts $28M-$30M in FY24 revenue, exceeding the $26.67M estimate. The company is expanding capacity and hiring, aiming for operating cash flow breakeven by Q4 2024, contingent on meeting hiring goals and avoiding supply chain disruptions.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:10 pm

BLZE

Backblaze forecasts Q2 revenue of $30.7M-$31.1M, aligning with a $30.75M estimate, and anticipates FY24 revenue of $126M-$128M, closely matching a $127.04M estimate. The company also projects an adjusted EBITDA margin of 6%-8% for Q2 and 8%-10% for the full year, with basic shares outstanding estimated at 42.0M-42.5M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:00 pm

GWRS

Global Water Resources (NASDAQ:GWRS) reported Q1 earnings of $0.03 per share, meeting consensus estimates but marking a 70% decrease from the previous year. Quarterly sales were $11.61M, missing estimates by 0.77% and showing an 11.56% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:49 pm

STKL

SunOpta shares are trading higher following the company's announcement of an increase in its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:46 pm

CSTL

Castle Biosciences announced new data from a study that further supports the performance of its DecisionDx-UM test, a diagnostic tool for uveal melanoma. This development could enhance the company's product credibility and market position.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:42 pm