Streetbeat News

Revenues

DAL

Delta Air Lines projects its 2024 free cash flow to be between $3 billion and $4 billion, marking an increase of up to $2 billion compared to its 2023 figures.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:32 am

GLD

SPY

USO

UUP

Global markets saw mixed results with Asia and Europe mostly rising while U.S. markets closed mixed due to inflation concerns and a strong labor market. U.S. consumer prices rose more than expected, and jobless claims fell. Asian markets were mixed with gains in Japan and India but losses in China and Hong Kong. European markets traded higher. Commodities saw crude oil hit $75 due to Middle East tensions, and gold neared $2,050. U.S. futures were mixed, and the U.S. Dollar Index saw a slight increase.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 11:28 am

WIT

Wipro Limited forecasts its Q4 IT Services business segment revenue to be between $2.615 billion and $2.669 billion, indicating a potential quarterly change of -1.5% to +0.5% in constant currency terms.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 10:41 am

GOOG

GOOGL

Alphabet Inc.'s Google has conducted a significant layoff, affecting over 1,000 employees across various departments, including hardware and Google Assistant teams. The layoffs are part of a cost-cutting initiative in response to increased competition in AI, as seen with Microsoft and OpenAI's ChatGPT. Regulatory filings indicate 703 positions cut in California, and a childcare center in Mountain View has been closed.

Portfolio Pulse from Rounak Jain

January 12, 2024 | 9:12 am

AAPL

Chinese AR company Rokid has raised $70 million in a funding round led by the government of Hefei City. Rokid, competing with Apple's Vision Pro, plans to use the funds to enhance its AR technology for industrial use, with a focus on safety and training in sectors like energy. The company also intends to establish an industrial metaverse headquarters and R&D center in Hefei. This move aligns with China's push to strengthen domestic advanced manufacturing amid supply chain diversification away from China.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 8:18 am

LEDS

SemiLEDs Corp anticipates its Q2 revenue to be around $1.1 million, with a possible variation of plus or minus 10%. This projection provides investors with a revenue estimate for the upcoming quarter.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:09 am

EWQ

The France Harmonised Index of Consumer Prices (HICP) for December showed a month-on-month increase of 0.1%, which was in line with estimates and an improvement from the -0.2% reported in the previous month.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:47 am

EWQ

France's Consumer Spending for November showed a significant increase of 0.7%, surpassing the -0.1% estimate and rebounding from the -0.9% figure reported previously.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:46 am

BGI

Birks Group Inc. (NYSE:BGI) reported an 8.1% increase in net sales and a 3.0% increase in comparable store sales for the 8-week interim sales period ended December 30th, 2023, compared to the same period in FY2023.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 6:54 am

FXI

China's trade balance in USD for December was reported at $75.34 billion, surpassing the estimated $74.75 billion and the previous month's $68.39 billion.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:48 am