Streetbeat News

Revenues

EWU

U.K. core retail sales for March showed a decline of 0.3% year-over-year, contrasting with the previous month's revised figure of 0.3% growth.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:01 am

EWU

U.K. core retail sales for March increased by 0.4%, a significant improvement from the revised -0.4% in the previous month. This indicates a rebound in consumer spending within the U.K. retail sector.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:01 am

TSLA

XIACF

Xiaomi Corp's first electric vehicle, the SU7, has surpassed sales expectations by 3-5 times, with over 50,000 orders received in less than 30 minutes. The vehicle, priced lower than Tesla's Model 3 in China, has already begun deliveries. CEO Lei Jun announced there are no plans for off-road vehicles, focusing on the SU7. This launch has prompted price cuts from competitors like Zeekr to protect market share. Jun believes Xiaomi's entry into the smart car market marks the beginning of a significant revolution, positioning China to produce a company comparable to Tesla.

Portfolio Pulse from Anan Ashraf

April 19, 2024 | 5:46 am

BBJP

DXJ

EWJ

Japan's National Core Consumer Price Index (CPI) for March increased by 2.6%, slightly below the estimated 2.7% and the previous month's 2.8%. This indicates a slight easing in inflation pressures in Japan.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:27 am

LYTS

LSI Industries has acquired EMI Industries for $50M in cash, aiming to boost net sales by over 60% by 2028, with acquisitions like EMI contributing to half of this growth. The acquisition is expected to be immediately accretive to LSI's adjusted EPS.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:57 pm

DOGZ

Dogness faces challenges from intense domestic competition and the US-China trade dispute, impacting sales. The company's revenue dropped in the half year ended December 31, 2023, due to lower average selling prices and sales volumes of intelligent pet products. Dogness is expanding its customer base, targeting younger consumers, and developing new products to counter weak sales. It's also implementing cost-saving measures and seeking merger and acquisition opportunities to improve margins and expand market presence.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:49 pm

DOGZ

Dogness reported a significant decrease in revenue for the half year ended December 31, 2023, with total revenue dropping to $6.7M from $10.4M YoY. The decline was across both domestic and international markets, with intelligent pet products seeing the largest decrease. Despite reduced costs, gross profit and net loss worsened, reflecting challenges in pricing and competition.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:48 pm

TURB

Turbo Energy reported a significant decline in its FY23 revenue, amounting to €13.14M, which represents a 58% decrease compared to the previous fiscal year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:33 pm

BHB

Bar Harbor Bankshares (AMEX:BHB) reported Q1 adjusted earnings of $0.66 per share, surpassing the $0.64 estimate, but saw a 23.26% decrease from last year's $0.86. Sales of $36.64M fell short of the $37.38M estimate, marking an 8.60% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:30 pm

PEV

Phoenix Motor shares are trading higher following the company's issuance of positive Q2 2024 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:25 pm