Streetbeat News

Revenues

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

AVGO

JOUT

LULU

MOMO

U.S. stock futures are mixed ahead of Friday's trading session. Johnson Outdoors Inc. is expected to report a quarterly loss, while Broadcom Inc. announced positive earnings and a dividend increase but saw a slight stock decline. Hello Group Inc. is anticipated to report earnings, with shares rising after-hours. Lululemon Athletica Inc. reported strong third-quarter results but projected weaker sales, leading to a stock drop. RH experienced an unexpected loss and sales miss, causing a significant after-hours stock decrease.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 8:27 am

MOMO

Hello Gr (NASDAQ:MOMO) reported Q3 earnings per share of $0.42, surpassing the consensus estimate of $0.35 by 20%. However, their quarterly sales of $417.06M slightly missed the estimate of $417.20M. This represents a year-over-year earnings increase of 20% but an 8.32% decrease in sales compared to the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:27 am

BBJP

DXJ

EWJ

Japan's Gross Domestic Product Price Index (YoY) for Q3 came in at 3.5%, lower than the estimated 5.1% and the prior revised figure of 3.8%.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:53 am

BBJP

DXJ

EWJ

Japan's GDP for Q3 contracted by 2.9% year-over-year, which is worse than the estimated 2.1% contraction. This is a significant decrease from the prior revision of 3.6% growth.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:52 am

BBJP

DXJ

EWJ

Japan's adjusted current account for October was reported at 262.17 trillion yen, significantly exceeding the estimate of 1.85 trillion yen and the previous figure of 2.01 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:50 am

BBJP

DXJ

EWJ

Japan's household spending in October decreased by 0.1% year-over-year, slightly better than the estimated 0.2% decline, but lower than the previous 0.3% increase.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:48 am