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Revenues

VIRC

Virco Mfg. (VIRC) reported a 29.17% increase in Q3 EPS to $0.62, up from $0.48 YoY, and an 8.86% increase in sales to $84.25M, up from $77.39M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:04 pm

BKD

Brookdale Senior Living reported a year-over-year increase of 140 basis points in weighted average occupancy for November 2023, reaching 78.4%. This marks the twenty-fifth consecutive month of occupancy growth. Additionally, November showed favorable sequential trends in move-ins and move-outs compared to October 2023.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:50 am

BJ

BJ's Wholesale Club announced the opening of its new club in Mt. Juliet, Tennessee, on December 15, 2023. This expansion may attract local shoppers and potentially increase the company's regional market share.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:34 am

AMD

NVDA

TSM

Nvidia Corp is in advanced talks with Malaysian conglomerate YTL for a data center collaboration in Southeast Asia, focusing on cloud infrastructure and AI chips. Nvidia's CEO Jensen Huang visited Malaysia, highlighting the strategic importance of the region and potential significant investments in Singapore. Nvidia's revenue from Singapore was $2.7 billion in the last quarter, a notable increase. Despite a global chip market slowdown, Nvidia's demand for AI chips remains strong, benefiting Taiwan Semiconductor Manufacturing Co (TSMC), which saw a revenue downturn. Advanced Micro Devices (AMD) also expects the AI chip market to grow significantly.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 11:29 am

MOMO

Hello Group Inc (NASDAQ:MOMO) reported a Q3 FY23 net revenue decline of 5.9% Y/Y to $417.1 million, narrowly missing consensus estimates by $0.1 million. Adjusted net income per ADS was $0.42, beating the consensus of $0.35. MAUs on Tantan and paying users for both Momo and Tantan apps declined Y/Y. Live video service and value-added service revenues decreased, while mobile marketing and games revenues increased. The company expects Q4 revenue to decrease by 9.7% - 6.6% Y/Y, with the stock down 30.9% YTD but trading higher by 8.37% premarket.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 11:16 am

AAPL

Tata Group is set to build a large iPhone assembly facility in Hosur, Tamil Nadu, India, to support Apple Inc.'s expansion in the region. The plant aims to be operational in 12 to 18 months, with 20 assembly lines and 50,000 workers. This move aligns with Apple's strategy to diversify its production away from China and strengthens the partnership between Apple and Tata, which already manages an iPhone plant in Karnataka. Apple's production in India has grown to 7% of its total, with over $7 billion worth of iPhones assembled last fiscal year.

Portfolio Pulse from Shomik Sen Bhattacharjee

December 08, 2023 | 11:05 am

IMOS

ChipMOS, a semiconductor service company, reported a 20.3% year-over-year increase in its consolidated revenue for November 2023, reaching NT$1,873.9 million or $59.9 million. However, this represents a 4.9% decrease from the revenue in October 2023.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:01 am

AAPL

AMZN

GOOGL

MUSQ

SONY

SPOT

A Goldman Sachs report predicts the music industry will reach $153 billion by 2030, with a 7% CAGR. Streaming is expected to dominate with a 12% CAGR and 86% market share of recorded music. The industry is seen as resilient, even in a higher inflation/weaker macro environment. The MUSQ Global Music Industry ETF (MUSQ) offers investment opportunities in the music industry, with top holdings including Amazon (AMZN), Apple (AAPL), Alphabet (GOOGL), Sony (SONY), and Spotify (SPOT).

Portfolio Pulse from Johnny Rice

December 08, 2023 | 10:59 am

AVTR

Avantor Inc (NYSE:AVTR) announced a new operating model and a multi-year cost optimization initiative at its investor day, aiming to transition from three geographic segments to two business segments: Laboratory Solutions and Bioscience Production. The company expects to achieve $300 million in cost savings by 2026 and reiterated its FY23 guidance with a core organic revenue decline and adjusted EBITDA margin contraction. Two executives will leave Avantor in 2024. AVTR shares closed slightly higher.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 10:48 am

MOMO

Hello Group Inc reported a decline in user metrics for its applications. The MAU for Tantan was 15.7M in September 2023, a decrease from 20.9M the previous year. Momo app's total paying users also dropped to 7.8M in 3Q23 from 8.4M in the same quarter last year. Tantan's paying users decreased to 1.4M in 3Q23 from 2.0M in the year-ago period.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:31 am