Streetbeat News

Revenues

TSLA

Tesla Inc's CEO Elon Musk criticized environmental activists protesting the expansion of the Berlin gigafactory, calling them 'dumber than a doorstop' or 'puppets.' The protest follows an arson attack that halted production, attributed to the 'Vulkan' Group citing environmental concerns. Despite local opposition and production challenges, Tesla plans to double the factory's capacity for battery and car production.

Portfolio Pulse from Anan Ashraf

March 13, 2024 | 7:26 am

EWU

The U.K. trade balance for January was reported at -14.52 billion, slightly better than the estimated -14.90 billion but worse than the previous month's -13.99 billion.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:05 am

EWU

The U.K.'s monthly GDP for January showed a 3M/3M change of -0.1%, aligning with estimates but showing an improvement from the -0.3% recorded in the previous period.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:05 am

EWU

U.K. Manufacturing Production for January remained unchanged at 0.0%, aligning with estimates and showing a decrease from the previous month's 0.8% growth.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:04 am

EWU

The U.K.'s Gross Domestic Product (GDP) for January showed a growth of 0.2%, aligning with the estimates and marking an improvement from the previous month's decline of 0.1%.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:03 am

SDZNY

Sandoz reported a decrease in its fiscal 2023 core EPS to $2.20 from $2.83 YoY, while sales increased to $9.65B from $9.07B YoY. The company experienced strong growth across all regions and in biosimilars, with a full-year net sales increase of 7% in constant currencies. However, the EBITDA margin fell to 9.5% due to legal settlements and other one-time costs.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 6:28 am

EVA

Enviva has initiated voluntary Chapter 11 proceedings as part of a pre-arranged restructuring plan aimed at reducing its debt by approximately $1.0 billion and securing $500 million in new financing. This move is intended to improve profitability and position the company for long-term success, while continuing its operations and transformation plan.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:59 am

BNED

Barnes & Noble Education (BNED) reported Q3 sales of $456.67M, surpassing the analyst consensus estimate of $446.73M by 2.23% and marking a 2.15% increase from the previous year's sales of $447.06M.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:46 am

SBIG

Springbig (OTC:SBIG), a SaaS-based marketing solutions and loyalty programs provider, reported a Q4 revenue of $6.8 million, marking a 1% year-on-year growth. The company saw a 10% rise in subscription revenue, with a gross margin of 70%. The net loss improved to $3.2 million from $4.5 million the previous year. For 2023, Springbig's revenue was $28.1 million, a 5% increase from 2022, with subscription services driving growth. The company anticipates 2024 revenues between $29 to $32 million and a positive Adjusted EBITDA of $3.5 to $5.0 million.

Portfolio Pulse from Nicolás Jose Rodriguez

March 12, 2024 | 10:22 pm

FENG

Phoenix New Media forecasts a decrease in its total revenues for Q1'2024 to RMB130.8M-RMB145.8M, down from RMB211.8M in Q4'2023. The expected decline includes net advertising revenues between RMB121.3M and RMB131.3M, and paid services revenues between RMB9.5M and RMB14.5M.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:21 pm