Streetbeat News

Revenues

AAPL

Apple Inc. (NASDAQ:AAPL) has collaborated closely with Taylor Swift on her upcoming album 'The Tortured Poets Department,' set for release on April 19, 2024. Apple Music's teams have been engaged in the album's promotional campaign, including curating playlists and making subtle lyric changes to promote the album. Swift, named Apple Music's artist of the year for 2023, has shown significant influence in the music industry, with her music contributing to a 10.2% growth in global recorded music revenue in 2023. This collaboration highlights Apple's strong relationship with artists and its impact on the music streaming landscape.

Portfolio Pulse from Ananya Gairola

April 15, 2024 | 4:59 am

SHIBUSD

Shiba Inu (SHIB) experienced a significant liquidation event with $3.63 million worth of SHIB, or approximately 14.8 trillion tokens, being liquidated amid a market downturn. Despite a 12.17% price drop in the last day, large transactions surged by 276.29%, and trading volume increased to $1,199,915,774. Over 12,000 addresses hold at least 1 billion SHIB, with 73% of investors holding for over a year, indicating strong investor confidence and potential for recovery.

Portfolio Pulse from Bibhu Pattnaik

April 13, 2024 | 4:31 pm

KULR

KULR Tech Gr reported Q4 earnings with EPS of $(0.04), meeting analyst estimates, but missed revenue expectations with $2.33M against a $3.81M forecast. This represents a 28.74% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:58 pm

TSLA

Tesla has reduced the monthly subscription cost of its Full Self-Driving (FSD) package to $99 from the previous $199. This move could potentially increase the adoption rate of FSD among Tesla owners, impacting Tesla's revenue from subscriptions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:15 pm

MPW

Medical Properties Trust, Inc. (MPW) has sold a majority interest in five Utah hospitals to a joint venture, retaining a 25% interest. The deal, valued at $886 million for a 75% stake, affirms MPT's lease base of $1.2 billion and generates $1.1 billion in cash proceeds for MPT. This transaction, along with others, brings MPT's total liquidity transactions for the year to $1.6 billion, 80% of its FY 2024 target. Proceeds will be used to reduce debt and for general corporate purposes. MPT's underwriting approach is validated by this transaction, and the company is on track to exceed its $2 billion liquidity transaction target for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:07 pm

MSFT

Microsoft's Bethesda announced the release date for the Fallout 4 next-gen update, set for April 25. This free upgrade for Xbox Series X/S and PlayStation 5 includes performance improvements, new content like the Enclave Remnants questline, and Creation Club items. Additionally, updates for PS4, Xbox One, and PC players will be rolled out, including widescreen support and fixes. The game will also be available on the Epic Games Store and verified for the Steam Deck. Since its 2015 launch, Fallout 4 has generated $750 million in revenue.

Portfolio Pulse from Franca Quarneti

April 12, 2024 | 7:27 pm

PFGC

Performance Food Gr (NYSE:PFGC) has been analyzed by 4 analysts over the past three months, showing a shift from somewhat bullish to indifferent. The average 12-month price target is now $82.75, up from $77.25, indicating a 7.12% increase. Analysts from Morgan Stanley, Barclays, BMO Capital, and Stephens & Co. have raised their price targets, reflecting optimism about the company's market position and financial performance. Despite this, PFGC faces challenges in net margin, ROE, and ROA, which are below industry averages.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:01 pm

EPC

Recent analyst evaluations of Edgewell Personal Care (NYSE:EPC) show a mix of ratings, with an updated average 12-month price target of $38.5, reflecting a 4.05% increase from the previous target. The company's financial health indicators, such as revenue growth and net margin, demonstrate solid performance, although it faces challenges in ROA and debt management. Analyst actions, including rating adjustments and price target changes by Barclays and Wells Fargo, indicate varying perspectives on the company's market standing.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 6:01 pm

TOST

Toast (NYSE:TOST) has been analyzed by 13 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is $22.85, up 36.74% from the previous $16.71, with a high estimate of $32.00 and a low of $15.00. Analyst actions include ratings adjustments and price target changes, reflecting dynamic market conditions and Toast's performance. Toast, a U.S.-based restaurant technology company, reported a revenue growth rate of 34.9% as of December 31, 2023, with a market capitalization below industry averages and a net margin of -3.47%.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 6:01 pm

USFD

Analyst ratings for US Foods Hldg (NYSE:USFD) show a mix of bullish and bearish perspectives with 7 analysts providing updates. The average 12-month price target is $59.14, indicating a 16.28% increase from the previous target. All analysts have raised their price targets, reflecting optimism about the company's performance. US Foods Hldg's financials show strong revenue growth and net margin, but a below-average return on equity.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 6:01 pm