Streetbeat News

Revenues

CI

Cigna's total pharmacy customers increased by 25% to 122.8 million in the first quarter of 2024, compared to the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:02 am

AZN

SNY

New real-world evidence published in The Lancet indicates that Beyfortus (nirsevimab) led to an 82% reduction in infant RSV hospitalizations during the 2023-2024 season. This adds to the drug's proven high efficacy in preventing medically attended RSV lower respiratory tract disease, as demonstrated in pivotal clinical studies and the HARMONIE phase 3b study.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:12 am

NVDA

SSNLF

SK Hynix, a key supplier to NVIDIA Corp, has announced that its high-bandwidth memory (HBM) chips, essential for AI chipsets, are nearly sold out for 2025 due to booming demand in the AI industry. This surge in demand has led to SK Hynix reporting its first profitable quarter in five, highlighting the rapid expansion of AI services and the increasing importance of HBM chips in this sector. The company's investment in the U.S. semiconductor industry, including a $4 billion chip-packaging facility in Indiana, underscores the strategic importance of HBM chips and the broader semiconductor industry's growth.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 6:43 am

NVO

Novo Nordisk has updated its 2024 outlook, now expecting sales growth of 19%-27% and operating profit growth of 22%-30%, both at CER. This update reflects adjustments related to gross-to-net sales in the US and is driven by volume growth of GLP-1-based treatments for Obesity and Diabetes care. The company anticipates continued pricing pressure in these areas but expects the increased sales outlook to partially offset an expected loss on other operating income and expenses. Investments in R&D and commercial activities, particularly in Obesity care and GLP-1 diabetes care, are highlighted. Financial items are expected to result in a loss due to foreign exchange hedging contracts, with the effective tax rate remaining at 19%-21% and capital expenditure at DKK 45 billion for supply chain expansion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:09 am

EWA

Australia's Building Approvals for March increased by 1.9%, falling short of the estimated 3.5% growth, but improving from the previous month's revised decline of -0.9%.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:13 am

EWA

Australia's trade balance for the reported period was AUD 5.024 billion, falling short of the estimated AUD 7.190 billion and below the prior revised figure of AUD 6.591 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:13 am

AMK

AssetMark Financial Holdings (AMK) reported Q1 adjusted earnings of $0.60 per share, missing the consensus estimate of $0.61 by 1.64%. However, their quarterly sales of $190.27M exceeded the estimate of $146.60M by 29.79%, marking a 7.76% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:57 am

NC

NACCO Industries (NYSE:NC) reported a decrease in Q1 EPS to $0.61 from $0.76 YoY, while sales increased to $53.29M from $50.14M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:52 am

OPI

Office Props IT (NASDAQ:OPI) reported Q1 2024 FFO of $0.79 per share, missing the $0.81 estimate, and sales of $139.435M, beating the $129.768M estimate. This represents a 27.52% decrease in earnings and a 5.30% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:51 pm

GTE

Gran Tierra Energy (AMEX:GTE) reported a 9.28% increase in Q1 sales to $157.58 million, up from $144.19 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:33 pm