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Revenues

GLBE

Global-E Online reported a record 53% increase in sales during the Black Friday Cyber Monday (BFCM) weekend compared to the previous year, indicating strong performance and growth in consumer spending on their platform during a key shopping period.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:04 pm

HUBC

HUB Cyber Security Ltd (HUBC) has expanded its collaboration with Blackswan Technologies to provide Confidential Computing cybersecurity solutions to the financial sector. A recent agreement with a major European financial institution could result in HUB's revenue exceeding $25 million within 18 months. The deal includes a 3-year term with a potential 24-month extension. HUB's Chief Strategy Officer, Noah Hershcovitz, sees this as a step towards expanding their clientele and geographical reach.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:37 pm

FSR

Fisker Inc. reported that as of November 30, it had 123 vehicles delivered or in transit. The company has adjusted its 2023 production guidance to just over 10,000 units, a move expected to unlock over $300 million in working capital. Fisker also announced it will provide its fiscal year 2024 outlook by the end of this month.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:40 am

FXI

SPY

VGK

China's Cabinet is reportedly studying measures to accelerate the integration of domestic and foreign trade, according to state media as cited by Reuters. This move could have implications for trade policies and economic relations.

Portfolio Pulse from Charles Gross

December 01, 2023 | 11:22 am

BMO

Bank of Montreal (NYSE:BMO) reported Q4 earnings of $2.095 per share, slightly missing the consensus estimate of $2.10. Despite the earnings miss, the company's quarterly sales of $6.23 billion exceeded the expected $6.04 billion. However, both earnings and sales figures represent a decrease from the same period last year, with earnings down 8.52% and sales down 21.58%.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:04 am

GCT

GigaCloud Technology Inc (NASDAQ:GCT) shares rose approximately 8% after reporting strong Q3 FY23 results. Revenue increased by 39.2% Y/Y to $178.2 million, surpassing the consensus of $163.8 million. The company's marketplace GMV grew by 40.8% Y/Y, and the number of active sellers and buyers also saw significant increases. Gross profit soared by 117.3% Y/Y, and adjusted EBITDA increased by 150.4% Y/Y. EPS of $0.59 beat the consensus of $0.38. The company also highlighted its strong cash position and the completion of the Noble House and Wondersign acquisitions. For Q4, GigaCloud expects revenues to significantly exceed consensus estimates.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 10:50 am

TSLA

BYD, backed by Warren Buffett, has announced temporary price cuts on several EV models to boost year-end sales and intensify competition with Tesla. The discounts, which are not permanent, range from RMB 3,000 to RMB 20,000 on models like the Qin, Han, Tang, and Song. BYD's CEO Wang Chuanfu is prepared for a price war over the next 3-5 years to gain market share. BYD's sales have surged by 77% over last year, with the aim to surpass Tesla's annual EV sales.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 8:26 am

HCM

HUTCHMED announced it will present new clinical data from ongoing studies of its investigational drug candidates fruquintinib, surufatinib, and HMPL-295 at the ESMO Asia Congress in Singapore and the ESMO Immuno-Oncology Congress in Geneva. These events are scheduled for December 1-3, 2023, and December 6-8, 2023, respectively.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:25 am

WAVE

Eco Wave Power reported Q3 revenues of $27K and a reduced net loss per share of $(0.004), compared to $(0.01) year-over-year (YoY).

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:22 am

OLP

One Liberty Properties, Inc. (NYSE:OLP) has completed the sale of two restaurant properties and part of a retail property for $8.7 million, expecting a gain of $2.7 million. Additionally, OLP has agreements to sell three restaurant properties and two retail properties for $23.0 million, with an anticipated gain of $10.0 million. The company also refinanced mortgage debt on two industrial properties, resulting in gross proceeds of $13.0 million, after accounting for $7.1 million of the refinanced amounts. The new debt has a higher interest rate of 6.02% compared to the previous 4.02%.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:07 am