Streetbeat News

Revenues

CNM

Core & Main (NYSE:CNM) reported Q4 earnings of $0.34 per share, missing the consensus estimate of $0.35 by 2.86%. However, their quarterly sales of $1.44B exceeded the estimate of $1.43B by 0.70%, marking a 4.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:31 am

ENVB

Enveric Biosciences could receive up to $21M in future development and sales milestone payments, along with royalty rates between 0.25% and 7%, according to a Non-pharmaceutical Application Term Sheet.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:09 am

ENVB

Enveric Biosciences could receive up to $61M in future development and sales milestone payments, with royalty rates ranging from 2.5% to 10% on future sales based on sales criteria.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:08 am

AAPL

Gene Munster of Deepwater Asset Management notes Apple's shift towards AI, including potential licensing from Google and OpenAI, could boost revenue by 6% but may lead to near-term financial headwinds. The focus on AI follows the cancellation of Project Titan, freeing up $4-5 billion annually for AI development. Munster suggests Apple may introduce an AI subscription model, charging users around $10 per month, which could significantly contribute to revenue despite potential short-term margin sacrifices.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 11:00 am

AUMN

Golden Minerals Co (AUMN) reported a FY23 revenue of $12.0M, a decrease from $23.3M in FY22, missing estimates of $19.8M. The EPS loss improved to $(1.08) from $(1.49) YoY. The revenue drop was attributed to lower sales from the Rodeo mine and additional revenue sources like slag and concentrate sales at Velardeña. Cost of metals sold and exploration expenses decreased, while administrative expenses slightly increased. The company maintained a zero debt level and reported a slight decrease in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:58 am

CTRN

Citi Trends projects its full year 2024 comparable store sales to grow in the mid-single digits range, with an expected EBITDA of $4M-$10M.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:56 am

VGK

The Eurozone ZEW Economic Sentiment index for March showed a significant increase to 33.5, surpassing both the estimated value of 25.4 and the previous month's figure of 25.0. This indicates a more optimistic outlook among investors and analysts regarding the economic situation in the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:54 am

CAL

Caleres projects its Q1 FY24 net sales to range from flat to a 1% increase compared to the previous year. The company also anticipates its adjusted EPS for Q1 FY24 to be consistent with the figures from Q1 FY23.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:51 am

AAPL

GOOGL

U.S. markets closed higher, led by growth stocks like Alphabet and Tesla. An anticipated AI agreement between Alphabet Inc. and Apple Inc. to integrate Google's Gemini AI engine into the iPhone was a key highlight. The NAHB/Wells Fargo Housing Market Index rose to 51, its highest in eight months. Asian markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 up, while India's Nifty 50 and China's Shanghai Composite declined. European markets saw gains, except for the U.K.'s FTSE 100. Commodities and U.S. futures varied, with crude oil slightly down and the U.S. Dollar Index up.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 10:44 am

STRW

Strawberry Fields REIT reported its FY23 revenue at $99.8 million, marking a 7.8% increase year-over-year, although it fell short of the estimated $101.9 million. The company also announced an adjusted Funds From Operations (FFO) of $52.7 million.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:41 am