Streetbeat News

Revenues

EWU

The U.K. Producer Price Index (PPI) Input for February showed a decrease of 0.4%, compared to the estimated 0.2% increase and a revised prior of -0.1%. This indicates a decline in the cost of goods and services purchased by producers in the U.K., suggesting potential impacts on inflation and economic activity.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:02 am

EWU

The U.K. Consumer Price Index (CPI) for February showed a year-over-year increase of 3.4%, which is slightly below the estimated 3.5% and down from the previous 4.0%.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:01 am

FOX

FOX News Digital surpassed CNN in total digital multiplatform unique visitors for the first time in February, according to Comscore. FOX News Digital led with 3.1 billion total multiplatform minutes, 1.6 billion views, and 115 million unique visitors. The FOX News Mobile App also outperformed CNN's, marking the third consecutive month of doing so. Year-over-year, FOX News Digital saw an 18% increase in unique visitors and an 8% increase in multiplatform minutes, while CNN experienced a 6% decrease in unique visitors and a 2% decrease in multiplatform minutes.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:59 am

VALN

Valneva has updated its 2024 financial guidance, raising product sales forecasts to €160M-€180M from the previous €150M-€180M. Total revenues are now expected to be €170M-€190M, up from €153.7M in 2023. This adjustment is due to an improved outlook on IXIARO supply constraints and strong sales of travel vaccines and IXCHIQ. The company also anticipates lower R&D expenses and significant non-dilutive contributions for R&D. Other income is expected to be €100M-€110M, including proceeds from a PRV sale. Valneva projects a lower cash burn in 2024 and expects its commercial business to be cash-flow positive from 2025.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:32 am

AAPL

Apple Inc. CEO Tim Cook is visiting Shanghai, hinting at opening more stores in China despite declining iPhone sales and increased competition. Cook's visit follows the announcement of a new Apple store in Shanghai, as the company faces challenges in its third-largest market. iPhone sales in China dropped by 24% in the first six weeks of the year, with Apple falling to fourth place among smartphone vendors. Resellers have been forced to offer significant discounts on the iPhone 15 series.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 6:30 am

VALN

Valneva reported a decrease in FY23 revenue to €153.7M from €361.3M year-over-year, with a net loss of €101.4M, an improvement from a €143.3M loss YoY.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:25 am

MSFT

Overwatch 2 Season 10 introduces a new hero, Venture, available for free, marking a shift from previous monetization models. All heroes will be accessible for free, and the Mythic Shop will offer previously exclusive skins. Players can earn Overwatch Coins through the battle pass, with a new game mode, Clash, and the Hanaoka map being introduced. Microsoft's Blizzard aims to address past criticisms and refresh the game's appeal.

Portfolio Pulse from Franca Quarneti

March 20, 2024 | 12:23 am

ZTO

ZTO forecasts a 15%-18% increase in parcel volume for 2024, expecting volumes to reach between 34.73 billion and 35.64 billion.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:07 pm

CTSH

Nine financial analysts have recently updated their ratings on Cognizant Tech Solns (NASDAQ:CTSH), showing a mix of bullish to bearish sentiments. The average 12-month price target for CTSH has been raised to $81.22, indicating a 6.41% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $67.00 to $90.00. Cognizant's financial performance shows a slight revenue decline but strong profitability metrics, suggesting a mixed financial outlook.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 9:00 pm

SDHC

Smith Douglas Homes reported a 22.8% increase in net new orders to 2,368 and a 1.2% increase in revenue to $310.7M for 2023.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:28 pm