Streetbeat News

Revenues

COE

51Talk Online Education projects its Q1 2024 net gross billings to range between $11.5M and $12M, indicating a sequential growth of 3.6% to 8.1% and a year-over-year increase of 43.8% to 50.0%.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:07 am

FXI

TSLA

Bloomberg reported that Tesla is reducing its car production in China due to a slowdown in electric vehicle (EV) sales growth in the region. This adjustment reflects the challenges Tesla faces in maintaining its sales momentum in one of its key markets.

Portfolio Pulse from Charles Gross

March 22, 2024 | 9:44 am

CHX

ChampionX Corporation (NASDAQ:CHX) announced its plan to acquire RMSpumptools Limited for approximately $110 million, aiming to expand its reach in international and offshore production technologies markets. This acquisition is expected to enhance ChampionX's Production and Automation Technologies portfolio and strengthen its presence in the Middle East, Latin America, and global offshore markets. RMSpumptools is anticipated to achieve around $65 million in revenues and $18 million in adjusted EBITDA by 2024.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:01 am

STG

Sunlands Technology (STG) forecasts Q1 2024 revenue to be between CNY500M-CNY520M, marking an 8.3%-11.8% decrease YoY, attributing the outlook to current market conditions and preliminary estimates of market operations and customer demand.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:34 am

EWU

U.K. retail sales for February remained unchanged at 0.0%, outperforming the estimated decline of -0.4%. This follows a revised prior increase of 3.6%.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:07 am

EWU

U.K. retail sales in February decreased by 0.4% year-over-year, beating the estimated decline of 0.9%. This is a slight improvement from the revised prior figure of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:06 am

EWU

U.K. core retail sales for February showed a 0.2% increase, surpassing the estimated -0.1% and showing improvement from the prior month's revised 3.4%.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:06 am

EWU

U.K. core retail sales for February showed a year-over-year decrease of 0.5%, which is an improvement over the estimated -0.9% but a decline from the previous month's revised figure of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:05 am

ACN

ALOT

HUMA

HYZN

MU

U.S. stocks closed higher with the Dow jumping over 250 points as investor optimism improved slightly. The Fed kept interest rates unchanged, boosting market sentiment. Accenture's shares fell over 9% after fiscal Q2 results, while Micron Technology's shares surged over 14% following upbeat Q2 results and strong Q3 guidance. Economic data showed a decline in jobless claims and a smaller current account deficit than expected. Most S&P 500 sectors saw gains, with industrials, financial, and energy stocks leading. The CNN Money Fear and Greed index increased slightly.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:53 am

LAES

SEALSQ (NASDAQ:LAES) reported a 29.57% increase in quarterly sales, reaching $30.06 million up from $23.2 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 9:44 pm