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Revenues

EGRNQ

FXI

A group of offshore bondholders of China Evergrande is set to join a petition for the company's liquidation. This move could potentially accelerate the restructuring process of the debt-laden property developer. Evergrande, which has been struggling with over $300 billion in liabilities, has been trying to negotiate with creditors and restructure its debts. The involvement of the bondholder group in the liquidation petition may put additional pressure on the company to expedite its restructuring efforts.

Portfolio Pulse from Charles Gross

January 24, 2024 | 9:44 am

LPL

LG Display reported a 1% year-over-year increase in Q4 revenue to KRW 7.396 trillion, with a net income of KRW 51 billion, recovering from a net loss of KRW 2.094 trillion in the same quarter the previous year. The revenue growth was attributed to a 55% quarter-on-quarter increase due to higher panel shipments for OLED mobile devices, TVs, and IT products.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:34 am

BYDDF

BYDDY

MBGAF

TSLA

Zhao Changjiang, a senior executive at BYD Co Ltd, warned Tesla Inc of challenges in advanced driver-assistance systems and car models for 2024, particularly from BYD's Denza N7 model. Tesla, facing a slowdown in global EV demand, has cut prices in China and seen a significant drop in market valuation. BYD, supported by Warren Buffett, has surpassed Tesla in EV sales in Q4 2023 and is advancing in vehicle intelligence. Berkshire Hathaway has reduced its stake in BYD, selling shares worth $80.7 million.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 7:13 am

HRTX

Heron Therapeutics announced that the FDA has approved the expansion of the indication for ZYNRELEF to include additional orthopedic and soft tissue procedures. This approval could potentially increase the usage of ZYNRELEF, enhancing the company's market reach and revenue prospects.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:59 am

ASML

ASML, a leading semiconductor equipment manufacturer, forecasts Q1 net sales of €5B-€5.5B with a gross margin of 48%-49%. The company anticipates R&D costs around €1,070 million and SG&A costs near €300 million. Despite positive indicators, ASML expects 2024 net sales to be on par with 2023, while preparing for significant growth anticipated in 2025.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:09 am

BBJP

DXJ

EWJ

Japan's year-on-year exports for December increased by 9.8%, surpassing the estimated 9.1% and showing a significant improvement from the prior -0.2%. This indicates a stronger than expected performance in Japan's export sector.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:20 am

TSLA

Kimbal Musk, Tesla Inc board member and brother of Elon Musk, shared his spiritual experiences with the 'voice of God' during a near-death experience and after taking ayahuasca. He discussed these transformative moments in an interview, highlighting his non-religious but spiritually connected beliefs. The growing interest in psychedelics for spiritual and therapeutic purposes is noted, with celebrities and high performers exploring ayahuasca's potential benefits.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 4:52 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

Alphabet Inc. has ended its contract with Appen, the AI firm that has been instrumental in training Google's Chatbot Bard and contributing to Google Search results. This decision, effective March 19, follows a strategic review by Alphabet and will impact around two thousand subcontracted workers. Appen, which has been facing challenges such as client attrition and declining financials, relied on Alphabet for about one-third of its revenue. Alphabet's move aligns with its focus on developing proprietary AI technology, amidst defending a $7 billion lawsuit over AI patent infringement.

Portfolio Pulse from Ananya Gairola

January 24, 2024 | 3:45 am

BABA

DWAC

NFLX

NVVE

TSLA

U.S. indices showed mixed results with the Dow Jones down, while the S&P 500 and Nasdaq rose. Netflix reported a revenue beat with subscriber growth, despite missing EPS estimates. Digital World Acquisition surged after Trump's primary win. Alibaba rallied after China's stimulus announcement. Nuvve Holding soared on a fleet electrification project. Tesla saw a slight increase ahead of its earnings report.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 1:59 am

SHPW

Shapeways has announced a 100% year-over-year growth in its automotive business, which has reached multi-million-dollar revenues. This significant growth highlights the company's expanding presence and success in the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 10:53 pm