Streetbeat News

Revenues

AAPL

NVDA

TSLA

Bitcoin, Ethereum, and Dogecoin rally, with Bitcoin surpassing $50K and predictions of reaching $130K. Stellantis adopts Tesla's charging standard, NACS. Various tech and EV companies face challenges and developments, including Apple, Nvidia, and Tesla. Financial markets anticipate inflation data, and geopolitical tensions are highlighted. In the crypto space, significant investments and activities are noted, alongside regulatory and market movements.

Portfolio Pulse from Akanksha Bakshi

February 13, 2024 | 2:21 pm

IMPP

Imperial Petroleum reported a significant decrease in its Q4 2023 adjusted earnings per share (EPS) to $0.01 from $1.06 year-over-year (YoY). Revenue also declined to $29.9 million from $37.9 million YoY.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:18 pm

IVDA

Iveda (NASDAQ:IVDA) announces its joint venture, Iveda Philippines, aims to secure $5M in contracts over the next 12 months for smart city advancements across 100 government units in the Philippines. This initiative, supporting President Ferdinand Marcos Jr.'s infrastructure development efforts, will integrate IvedaAI into city operations, enhancing public safety and city management. The technology will improve existing infrastructure without the need for overhauls, marking a significant step towards modernizing the nation's urban landscape.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:11 pm

SPY

The latest USA Redbook data shows a year-over-year increase of 2.5%, a significant decrease from the prior 6.1%. This indicates a slowdown in consumer spending which could impact market sentiment and the performance of broad market indices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:59 pm

PINC

Premier, Inc. (PINC) and Datavant are expanding their collaboration to enhance clinical trials by leveraging real-world data and evidence. This partnership aims to improve trial diversity, design, and patient outcomes while reducing costs and time. The collaboration, which began in September 2022, utilizes Datavant's technology to link clinical and real-world data, generating insights that could lead to better patient care and more effective treatments. This effort supports the development of novel therapies by providing a more comprehensive understanding of medical interventions in real-world settings.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:37 pm

SPY

The US Consumer Price Index (CPI) for January increased by 0.3%, surpassing the estimated 0.2%. This indicates a higher than expected inflation rate.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:31 pm

GCMG

GCM Grosvenor (NASDAQ:GCMG) reported Q4 adjusted EPS of $0.17, meeting analyst estimates, and a 41.67% increase from last year. However, sales of $116.56M missed estimates by 8.78%, despite being a 16.76% increase from the previous year.

Portfolio Pulse from saritha@benzinga.com

February 13, 2024 | 1:10 pm

ACI

KR

Kroger Co. (NYSE:KR) announced its commitment to lower prices and enhance customer experience following its proposed merger with Albertsons Cos. The company highlighted its successful history of reducing prices post-merger, with over $5 billion in customer savings since 2003. Kroger plans to invest $500 million to reduce prices and $1.3 billion to improve Albertsons' stores post-merger. This strategy aims to attract more customers, increase revenues, and support over 700,000 associates by offering more affordable and fresh food choices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:08 pm

K

WK Kellogg has updated its financial guidance for 2024, now expecting adjusted net sales growth to range between a decrease of 1.0% and an increase of 1.0%, and adjusted EBITDA growth to be between 3.0% and 5.0%, surpassing the outlook shared at Investor Day.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:08 pm