Streetbeat News

Revenues

FXI

The China Composite Purchasing Managers' Index (PMI) for February remained steady at 50.9, unchanged from the previous month. This indicates a stable level of economic activity in China's manufacturing and services sectors.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:34 am

TSLA

Environmental activists from ROBIN WOOD have set up a protest camp in the forest near Tesla Inc.'s Gigafactory Berlin, opposing the planned expansion due to environmental concerns. They demand a halt to the expansion, emphasizing the need for climate-friendly mobility. A recent survey showed 63.5% of Grünheide residents oppose Tesla's expansion. Despite environmental controversies, Tesla's Model Y production at the factory has reached a new high of 6000 units weekly.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 5:16 am

WYN

The rise of short-term vacation rentals is challenging the traditional timeshare industry, with consumers, especially millennials, preferring the flexibility and variety offered by companies like Airbnb and Vacasa. Industry experts predict a decline in timeshares, suggesting a shift towards alternative accommodations and investment models. Wyndham Worldwide Corporation (NYSE:WYN) reports growth in the timeshare market, but the trend may reverse if the industry doesn't adapt.

Portfolio Pulse from Brett Hershman

March 01, 2024 | 3:08 am

AMSYF

AUMN

BHP

RGLD

RS

Jefferies initiated coverage on Royal Gold with a Hold rating and a $117 price target. Golden Minerals halted operations at Velardeña due to underperformance, exploring sale or wind-up options. BHP Group is restructuring its global operations, starting in Australia, to cut costs and improve productivity amid a nickel market slowdown. Reliance's board member James Donald Hoffman sold 40,000 shares. ArcelorMittal reported a decrease in annual revenue and production compared to the previous year.

Portfolio Pulse from Austin DeNoce

February 29, 2024 | 10:53 pm

AMSYF

AUMN

BHP

RGLD

RS

Jefferies initiated coverage on Royal Gold with a Hold rating and a $117 price target. Golden Minerals halted operations at Velardeña due to underperformance, exploring sale or wind-up options. BHP Group is restructuring global operations, starting in Australia, to cut costs and improve productivity amid nickel market slowdown. Reliance's board member James Donald Hoffman sold 40,000 shares. ArcelorMittal reported a decrease in annual revenue and production but remains a leading steel producer.

Portfolio Pulse from Austin DeNoce

February 29, 2024 | 10:52 pm

ARLO

Arlo Technologies projects its Q1 revenue to be between $117M-$127M, with an estimated consensus of $122.37M. The company also forecasts its adjusted EPS to range from $0.05 to $0.11, aligning with an estimated consensus of $0.08.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:21 pm

AINC

Ashford Inc. reported a decrease in Q4 adjusted EPS to $1.02 from $1.65 YoY, but sales increased to $206.81M, beating the $187.90M estimate. This represents a 15.92% increase in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

February 29, 2024 | 10:18 pm

INTT

inTEST Corporation has announced a delay in the release of its Q4 2023 earnings, citing the need for additional time to complete its year-end audit and review process. The company also provided a preliminary Q4 revenue figure of $28.4 million, which falls short of the estimated $29.152 million.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:17 pm