Streetbeat News

Revenues

CGNT

Cognyte Software projects its FY25 revenue to be $340M, marking an 8.5% growth from the previous year, with an EPS loss of $0.13, better than the estimated loss of $0.18.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:06 am

ANIP

ANI Pharmaceuticals announced the launch of Baclofen Oral Suspension, a product with U.S. annual sales of approximately $39 million according to IQVIA data. This launch could potentially increase ANI Pharmaceuticals' market share and revenue in the pharmaceutical sector.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:51 am

TPH

Tri Pointe Homes has announced the expansion of its premium lifestyle building operations with new divisions in Florida and the Coastal Carolinas, aiming to enhance its footprint in these regions.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:02 am

VVOS

Vivos Therapeutics, Inc. announced that its CARE oral medical devices for treating sleep related breathing disorders, including obstructive sleep apnea, have received full approval for Medicare reimbursement. This approval enables Medicare beneficiaries to receive coverage and reimbursement for the devices, effective immediately.

Portfolio Pulse from Charles Gross

April 09, 2024 | 9:53 am

TSLA

Martin Eberhard, Tesla Inc.'s co-founder and former CEO, criticized the company's decision to cancel the Model 2 project, aimed at creating an affordable EV. He highlighted the importance of affordable EVs in competing with Chinese models, particularly BYD Co.'s lineup, and stressed the need for cost-focused strategies in the EV market. Despite rumors of the project's cancellation, Tesla's chief designer hinted at ongoing development, amidst Tesla facing intense competition from BYD, which overtook Tesla as the world's largest battery EV manufacturer.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 9:50 am

TSLA

Tesla Inc.'s Megapacks played a crucial role in stabilizing the Texas power grid during a solar eclipse by filling an energy void of over one gigawatt. This event underscores the growing importance and demand for Tesla's stationary energy storage products, which saw a record deployment of 4,053 MWh in Q1 2024, marking a 4.2% year-on-year increase. Tesla's energy storage business is expected to grow at a rate surpassing its automotive sector in 2024.

Portfolio Pulse from Anan Ashraf

April 09, 2024 | 8:50 am

ASX

ASE Technology Holding Co., Ltd. (NYSE:ASX) reported a decrease in revenue for March 2024 and Q1 2024. March revenue was $1.45 billion, down 3.4% YoY, while Q1 revenue reached $4.24 billion, marking a 1.4% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:05 am

NEOG

PERI

PSMT

SGH

The CNN Money Fear and Greed index indicated an improvement in market sentiment, remaining in the 'Greed' zone with a current reading of 65.9. U.S. stocks showed minimal changes as investors awaited key inflation data and earnings reports from SMART Global Holdings, PriceSmart, and Neogen Corporation. Perion Network Ltd. saw a significant drop of over 40% after revising its FY24 revenue guidance downwards. The S&P 500 sectors mostly closed lower, except for real estate and consumer discretionary.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 7:03 am

IVP

Inspire Veterinary Partners reported a 70% year-over-year increase in full-year 2023 revenue, reaching $16.7 million. This significant growth highlights the company's expanding operations and market presence.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 9:32 pm

VFC

VF Corporation (NYSE:VFC) has seen diverse analyst ratings over the last three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for VFC has been adjusted to $16.44, down from $18.07, indicating a 9.02% decrease. Analysts from firms like JP Morgan, Goldman Sachs, and Stifel have adjusted their ratings and price targets, reflecting concerns over VF's financial performance, including a -16.16% revenue decline and challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 9:00 pm