Streetbeat News

Revenues

EBF

Ennis, Inc. (NYSE:EBF) reported Q3 earnings of $0.38 per share, missing the consensus estimate of $0.42, a 13.64% decrease from last year's $0.44. Sales were $104.62M, surpassing the $102.40M estimate but marking a 5.10% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:10 am

AAPL

Apple Inc. has introduced 'Contingent pricing' for App Store developers, allowing them to offer subscription discounts to users who subscribe to multiple services. This feature enables developers to collaborate and provide discounts to users who are subscribed to another service, potentially by a different developer. The initiative aims to attract and retain subscribers, offering a win-win situation for users, developers, and Apple. In 2022, developers generated $1.1 trillion in sales through the App Store, with 90% of the revenue going to developers.

Portfolio Pulse from Rounak Jain

December 18, 2023 | 9:56 am

NSANF

NSANY

Nissan Motor Co. is collaborating with Tsinghua University to conduct joint research aimed at understanding Generation Z's preferences and exploring social responsibility in the EV sector, such as battery recycling and charging stations. This partnership is part of Nissan's strategy to recover its position in the Chinese auto market, where it has lost significant market share, with sales dropping 34% from April to September compared to the previous year. Nissan plans to launch 10 new-energy vehicles in China by 2026, with the first Nissan-branded model expected next year. Additionally, Nissan and Renault SA are converting a UK facility to produce electric versions of their top-selling vehicles. The EU is investigating Chinese government subsidies to local vehicle manufacturers for potential unfair competition.

Portfolio Pulse from Benzinga Neuro

December 17, 2023 | 2:28 pm

DUK

The North Carolina Utilities Commission (NCUC) has issued an order on Duke Energy Carolinas' Performance-Based Regulation application, which Duke Energy views as constructive. The order approves capital investments for system reliability and a cleaner energy future, implements Performance-Based Regulations, approves settlements from the proceeding, and introduces Performance Incentive Mechanisms and innovative rate designs. Duke Energy will assess the impact on customer rates in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

December 16, 2023 | 11:47 pm

BRN

Barnwell Industries (AMEX:BRN) reported Q4 earnings with an EPS of $(0.01), which is unchanged from the previous year. However, sales decreased by 18.37% to $6.84M from $8.38M in the same quarter last year.

Portfolio Pulse from Happy Mohamed

December 16, 2023 | 11:44 pm

ARQT

The FDA has approved Arcutis Biotherapeutics' ZORYVE topical foam for treating seborrheic dermatitis in individuals aged 9 and older. ZORYVE is the first drug with a new mechanism of action for this condition in over 20 years, offering rapid disease clearance and significant itch reduction. The product is expected to be commercially available by the end of January 2024. Arcutis will host a conference call on December 18 to discuss the approval. The approval is based on positive results from Phase 2 and Phase 3 trials, with ZORYVE showing high efficacy and safety.

Portfolio Pulse from Happy Mohamed

December 16, 2023 | 11:41 pm

AAPL

Apple, Inc. (AAPL) shares dropped after Bloomberg reported an expanded ban on Apple devices by China, now including state-backed firms and more government departments in at least eight provinces. The ban could signal a decline in Apple's sales in China, as there is a movement favoring domestic devices. Apple's stock fell 0.27% to close at $197.57.

Portfolio Pulse from Erica Kollmann

December 15, 2023 | 9:58 pm

RCAT

Red Cat Holdings has confirmed its Q3 revenue guidance of $5 million, matching estimates. The company expressed optimism due to being a finalist in the U.S. Army's Short Range Reconnaissance program, expecting global demand for its Teal sUAS as a premier ISR system for warfighters. The company cites its record performance and growing backlog as reasons for reiterating its revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 9:08 pm

AMZN

GOOGL

META

Bots are compromising trust in the retail space by posting fake online reviews, which can influence consumer behavior. A Brightlocal survey found that 98% of people read online reviews before using local businesses, with 87% using Google to evaluate them. However, 42% of consumers have seen fake reviews on platforms like Facebook and Google. The issue is significant, with 54% noticing fake reviews on Amazon, 50% on Google, and 42% on Facebook. Fake reviews are identified by their lack of detail, excessive praise, or extreme negativity.

Portfolio Pulse from Neil Dennis

December 15, 2023 | 8:55 pm

GKOS

Glaukos Corporation's stock is trading higher following the recent FDA approval of its iDose TR product. Additionally, the company has provided preliminary net sales guidance for 2024 that exceeds analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 8:15 pm