Streetbeat News

Revenues

TSQ

Townsquare reaffirmed its Q1 2024 net revenue guidance of $98.5M-$100M, aligning with estimates of $98.64M, and its FY24 revenue guidance of $440M-$460M, close to the $453.47M estimate. Adjusted EBITDA for Q1 is expected to be $17.5M-$18.5M, and for FY24, it's projected to be $100M-$110M.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:08 am

ESCA

Escalade (NASDAQ:ESCA) reported a Q4 EPS of $0.21, a 5% increase from $0.20 YoY, but missed sales estimates with $65.51M against the expected $67.09M, marking a 9.19% decrease from last year's $72.14M.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:05 am

APLT

BTBT

CIFR

CLSK

DJT

MSTR

OCGN

OXM

TM

Oxford Industries reported disappointing Q4 results and weak Q1 guidance, causing its shares to drop 6% in pre-market trading. Other stocks like Applied Therapeutics, CleanSpark, Trump Media & Technology Group, Ocugen, MicroStrategy, Bit Digital, Toyota Motor, and Cipher Mining also saw pre-market declines due to various factors including FDA review extensions, analyst ratings, and sales performance.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 9:13 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the prices of all Model Y SUV versions in the U.S. by $1,000, with the base version now starting at $44,990. This move comes ahead of its Q1 deliveries report and follows a similar price increase in China. The company's vehicle deliveries in the last quarter of 2023 were 484,507, but expectations for Q1 2023 are for a year-over-year decline from the 422,875 deliveries reported in Q1 2022. Tesla's stock ended down 2.25% at $175.79.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 7:52 am

FXI

MCHI

China's Caixin Manufacturing PMI rose to 51.1 in March, indicating the fastest growth in 13 months and signaling economic revival. This growth, reflecting both domestic and overseas demand, aligns with other positive economic data, leading Citi to upgrade China's growth forecast to 5.0% for 2024. Despite the positive outlook, challenges remain, including in the property sector and employment. ETFs like iShares MSCI China ETF (MCHI) and iShares China Large-Cap ETF (FXI) have seen marginal to moderate gains this year.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 4:58 am

BYDDF

BYDDY

TSLA

Tesla, Inc. (NASDAQ:TSLA) increased the prices of all Model Y variants in China by 5,000 yuan ($692) effective April 1. This move comes after aggressive price cuts in China since late 2022 did not boost volume growth and led to a price war, notably with BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF), which overtook Tesla as the world's biggest battery EV manufacturer in Q4 2023. Analysts suggest Tesla should explore strategies beyond price cuts. Tesla's stock closed down 2.25% at $175.79.

Portfolio Pulse from Shanthi Rexaline

April 01, 2024 | 3:37 am

TSLA

Tesla, Inc. (NASDAQ: TSLA) has launched a month-long free trial of its full-self driving (FSD) software in the United States, receiving positive feedback from users including high-profile endorsements from CEO Elon Musk and Airbnb co-founder Joe Gebbia. The move is seen as a potential revenue boost for Tesla, focusing on high-margin software sales amidst challenges in volume growth. However, skepticism remains regarding the technology's level of autonomy and regulatory acceptance.

Portfolio Pulse from Shanthi Rexaline

April 01, 2024 | 2:38 am

MIMO

Airspan Networks Holdings Inc. (MIMO) announced a Restructuring Support Agreement with Fortress Investment Group and other stakeholders, providing up to $95M in equity financing and eliminating all debt. The company filed for Chapter 11 to expedite restructuring, aiming to become private under Fortress majority ownership. Airspan received over $53M in DIP financing to support operations during restructuring, with court approval pending. Existing stockholders may exchange shares for cash or warrants.

Portfolio Pulse from Charles Gross

March 31, 2024 | 6:34 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) celebrated producing its 6 millionth vehicle, a significant milestone that CEO Elon Musk and the team acknowledged. This achievement has led analysts to revisit their Q1 delivery estimates. While Troy Teslike suggests increasing production and delivery estimates slightly, he still expects Q1 deliveries to be below last year's 422,875 units. Gary Black predicts Tesla may have delivered around 415,000 units in Q1, considering production numbers and typical gaps between production and deliveries. Tesla's stock closed down 2.25% at $175.79.

Portfolio Pulse from Shanthi Rexaline

March 31, 2024 | 3:25 pm

AMZN

META

MSFT

TSLA

This week in AI featured major developments from industry leaders like Elon Musk's xAI, Tesla, Meta Platforms, and Microsoft. Musk announced Grok 2, aiming to outperform competitors. Tesla is hiring for its Optimus Humanoid Robot, indicating a potential launch. Zuckerberg is personally recruiting AI talent from Google's DeepMind for Meta. Speculation about an AI bubble involves Nvidia, Amazon, and Microsoft, with warnings from analyst Richard Windsor. Microsoft's stock is predicted to rise due to its AI advancements.

Portfolio Pulse from Benzinga Neuro

March 31, 2024 | 5:16 am