Streetbeat News

Revenues

WKSP

Worksport Ltd (NASDAQ:WKSP) announced strategic cost-saving measures to save $2M by 2025, aiming to boost operational efficiency and growth. The company plans to launch new clean-tech products, including the AL4 Premium Tonneau Cover, COR Portable Energy System, and SOLIS Solar Cover, with expected positive financial impacts starting Q1 2025.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 11:30 am

WKSP

Worksport is anticipating improved margins and cash preservation with upcoming product launches, including the high-demand AL4 cover and innovative clean-tech solutions.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:30 am

WKSP

Worksport has announced a strategic plan to accelerate its path to profitability, projecting over $2 million in savings. This move is aimed at strengthening the company's financial stability ahead of upcoming product launches.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:30 am

ELV

Elevance Health has adjusted its expectations for 2024, projecting a benefit expense ratio of approximately 88.5% and operating cash flow of $4.5 billion, primarily due to challenges in its Medicaid business.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:27 am

ELV

Elevance Health anticipates a strong acceleration in revenue growth in 2025, aligning with its long-term growth algorithm, expecting high single-digit percentage growth. Additionally, the company forecasts adjusted EPS growth of at least mid single-digit percentage.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:24 am

NTRB

Nutriband has received approval from the Costa Rica Ministry of Health to produce and market its mosquito repellent patch. This development could expand Nutriband's market reach and potentially increase its revenue.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:18 am

HBAN

Huntington Bancshares reported Q3 2024 earnings of $0.33 per share, surpassing the analyst estimate of $0.30. The company's sales were $1.87 billion, slightly above the $1.86 billion estimate, but a 0.16% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:09 am

IRDM

Iridium Communications has updated its 2024 financial outlook, expecting a 5% growth in service revenue and OEBITDA between $465M and $470M. The company plans to maintain net leverage below 4.0 times OEBITDA through 2026 and reduce it further by the end of the decade.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:05 am

BX

Blackstone reported Q3 2024 earnings of $1.01 per share, surpassing the analyst estimate of $0.94. Revenue was $2.430 billion, also beating the estimate of $2.408 billion. Both earnings and revenue showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:02 am

TRV

Travelers Companies reported Q3 2024 earnings per share of $5.24, significantly surpassing the analyst estimate of $3.64. The company's sales also exceeded expectations, reaching $11.904 billion, a 3.60% increase over the estimate and an 11.93% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:00 am