Streetbeat News

Revenues

PBR

Petrobras Brasileiro (PBR) reported Q4 sales of $27.11B, surpassing the $26.94B estimate, marking a 0.62% beat but a 10.16% decrease from last year's $30.17B.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:12 am

IMOS

ChipMOS reported a 23.6% year-over-year increase in its February consolidated revenue, reaching $56.2 million. This also represents a 4.0% increase from January 2024.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:02 am

VGK

The Eurozone's Gross Domestic Product (GDP) for the fourth quarter (Q4) remained unchanged at 0.0%, aligning with estimates and showing a slight improvement from the -0.1% recorded in the previous quarter. This indicates a stabilization in the Eurozone's economic activity during the period.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 10:02 am

AYRWF

CURLF

President Joe Biden's State of the Union speech highlighted cannabis reform, sparking positive reactions from the cannabis industry. Ayr Wellness and Curaleaf, among others, expressed support and outlined the potential benefits of rescheduling cannabis, including tax savings and the establishment of national standards for cannabis testing.

Portfolio Pulse from Maureen Meehan

March 08, 2024 | 6:42 am

BBJP

DXJ

EWJ

Japan's adjusted current account for January reported at 2.73 trillion yen, surpassing the estimated 2.07 trillion yen and the previous 1.81 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:24 am

BBJP

DXJ

EWJ

Japan's household spending in January decreased by 6.3% year-over-year, significantly underperforming against the estimated 4.1% decline and the previous month's 2.5% decrease. This indicates a sharper contraction in consumer spending within the Japanese economy.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:23 am

BBJP

DXJ

EWJ

Japan's household spending in January decreased by 2.1% month-over-month, significantly underperforming against the 0.4% estimated increase and the previous month's -0.9%.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:22 am

AVGO

COST

MDB

MRVL

TSLA

The S&P 500 and Nasdaq 100 indices rose, driven by Fed Chair Jerome Powell's hints at potential interest rate cuts. Broadcom, Marvell Technology, Costco, MongoDB, and Tesla were key stocks on investors' radars, with Broadcom and Marvell beating earnings estimates, Costco missing revenue expectations, MongoDB exceeding earnings and sales forecasts, and Tesla facing a significant weekly loss and operational challenges in Germany.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 4:22 am

TSLA

Tesla Inc (NASDAQ:TSLA) has experienced a significant market value decline of $234 billion in 2024, dropping its market cap to just over $550 billion, a 29% decrease in less than 10 weeks. This loss exceeds the market caps of McDonald's, Disney, and Nike combined. Despite a five-fold increase since 2020, Tesla's stock has fallen about 60% from its peak in November 2021. Factors contributing to this decline include reduced demand for electric vehicles, competition in China, and the impact of Federal Reserve's interest rate hikes. Challenges such as a suspected arson at its Giga Berlin factory and significant price reductions in China have further impacted Tesla's performance.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 4:15 am