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Revenues

HYMTF

Hyundai Motor Company (OTC:HYMTF) is launching an electric version of its Casper mini SUV in Europe, priced at approximately $21,515, with a 190-mile range. This move aims to expand Hyundai's electric vehicle portfolio and compete with Tesla and Volkswagen in the European market. The Casper EV, cheaper than Hyundai's Kona EV, is part of Hyundai's strategy to regain market share in Europe and follows its efforts to offer cash bonuses in the US to sidestep tax credit barriers.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 7:53 am

BP

BP anticipates higher upstream production in Q1 2024 compared to Q4 2023, with seasonally lower volumes in its customer business and significantly lower refinery turnaround activity. The company also expects lower industry refining margins, particularly due to narrower North American heavy crude oil differentials.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:47 am

BP

BP reported Q4 adjusted earnings of $1.07 per share, surpassing the $1.05 estimate, but saw a 32.7% decrease from last year's $1.59. Sales of $52.14B missed the $53.50B estimate, marking a 24.71% decrease from the previous year's $69.26B.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:23 am

WDC

Kioxia Corporation and Western Digital Corporation (NASDAQ:WDC) have been approved to receive up to 150 billion yen in subsidies for their Yokkaichi and Kitakami plants. This subsidy, aimed at boosting semiconductor production in Japan, will support the production of advanced 3D flash memory. This is the second time their joint venture has received such support, following a 92.9 billion yen subsidy in 2022.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:06 am

EWA

Australia's Retail Sales for December showed a significant decline of -2.7%, compared to the estimated 0.1% increase and the previous month's 1.6% growth. This unexpected drop could have implications for market expectations and investor sentiment towards Australian markets.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:30 am

EWU

The U.K. BRC Retail Sales Monitor for January reported a year-over-year increase of 1.4%, slightly above the estimated 1.2% but below the previous 1.9%.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:29 am

BBJP

DXJ

EWJ

Japan's household spending for December decreased by 0.9%, underperforming the estimated 0.2% increase and showing a slight improvement from the previous -1.0%.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:28 am

BBJP

DXJ

EWJ

Japan's household spending in December decreased by 2.5% year-over-year, underperforming against the estimated 2.0% decline and showing a slight improvement from the previous month's 2.9% decrease.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:28 am

TSLA

Piper Sandler analyst Alexander Potter reduced the price target for Tesla, Inc. (NASDAQ:TSLA), emphasizing the importance of Tesla's non-automotive businesses, particularly Tesla Energy, for future valuation. Potter stated that Tesla's automotive segment alone could be valued at $135 per share, assuming sales of over 15 million vehicles and a mid-teens EBIT margin. However, he believes Tesla's energy business, especially battery sales, will significantly contribute to revenue and profit growth, expecting it to double its revenue contribution to 12% by 2025 and potentially generate 10 times the revenue of Cybertrucks by the 2030s.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 4:56 am

AMZN

PLTR

During Palantir Technologies Inc.'s Q4 2023 earnings call, CTO Shyam Sankar compared the company's growth in the government sector to Amazon's AWS phase, highlighting the commercialization of proprietary technologies like Gotham, Gaia, and MetaConstellation. Palantir reported a 20% year-over-year revenue increase to $608 million, with a 32% growth in commercial revenue and a 70% increase in U.S. commercial revenue.

Portfolio Pulse from Ananya Gairola

February 06, 2024 | 4:37 am