Streetbeat News

Revenues

ROAD

Construction Partners reported a significant increase in their Q4 earnings per share (EPS) to $0.59 compared to $0.25 year-over-year (YoY). Sales also rose to $475.03 million from $393.05 million YoY.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:06 pm

F

TSLA

A study cited by the Wall Street Journal suggests that the average price of electric vehicles (EVs) in the U.S. will drop below that of combustion engine vehicles by next year. This trend is already observed in China, Europe, and India. Ford Motor Co has paused its $12 billion EV funding due to high costs and customer reluctance to pay a premium. Tesla's CEO Elon Musk has expressed concerns about high EV costs and the impact of interest rates on monthly payments, despite price reductions.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 12:55 pm

VSTS

Vestis (NYSE:VSTS) reported a 4.79% increase in Q4 sales to $715.90M from $683.20M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:36 pm

OKTA

Okta forecasts FY24 revenue to be between $2.243B and $2.245B, surpassing the estimated $2.21B. The company also projects adjusted EPS to be $1.47 - $1.48, which is higher than the estimated $1.18.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:28 pm

BILI

Bilibili Inc (NASDAQ:BILI) reported flat year-on-year Q3 FY23 revenue of $795.7 million, missing consensus estimates of $817.3 million. The company's adjusted EPS loss widened to $(0.29), also missing the consensus loss of $(0.26). Despite a 14% increase in DAUs, mobile game revenues fell 33% Y/Y, while VAS revenues grew 17% Y/Y. Advertising revenue increased by 21% Y/Y, but revenue from IP derivatives and others dropped 23% Y/Y. Bilibili expects FY23 revenues at the lower end of their forecast due to disappointing mobile game revenues. The stock has declined 50.6% YTD and was down 4.12% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 12:22 pm

KEN

Kenon Holdings (NYSE:KEN) reported a 40.49% increase in Q3 sales to $229.00M, up from $163.00M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:21 pm

GLD

SPY

U.S. stock markets closed higher on Tuesday, with consumer discretionary shares leading gains and healthcare sector losses. The Conference Board's consumer confidence index rose, and home prices increased. Asia markets showed mixed performance, with Japan's Nikkei 225 and China's Shanghai Composite down, while Australia's S&P/ASX 200 gained. European markets were mostly up, with the STOXX 600, Germany's DAX, and France's CAC seeing gains, but the UK's FTSE 100 traded lower. Commodities saw crude oil prices rise and gold cross $2,000. U.S. futures were up in early trading, and the U.S. Dollar Index strengthened slightly.

Portfolio Pulse from Akanksha Bakshi

November 29, 2023 | 12:08 pm

GBTC

MSTR

Andrew Tate compared Michael Saylor's responsible business practices at MicroStrategy with Sam Bankman-Fried's fraudulent activities at FTX. Tate highlighted Saylor's net-benefit approach to business, contrasting it with Bankman-Fried's 0-benefit strategy, which led to his conviction on fraud charges. Tate also discussed the potential SEC approval of a Bitcoin ETF, mentioning several contenders for the ETF including Grayscale, Ark/21 Shares, Bitwise, BlackRock, VanEck, WisdomTree, Valkyrie, Invesco Galaxy, and Fidelity Wise Origin.

Portfolio Pulse from Mehab Qureshi

November 29, 2023 | 12:04 pm

GBIO

Generation Bio Co. announced a strategic reorganization that will result in a 40% reduction of its workforce. This move is aimed at extending the company's cash runway and focusing resources on its most promising programs. The company is prioritizing its efforts on developing its gene therapy platform and advancing its lead programs into the clinic. The reorganization is expected to provide sufficient funds to support operations into 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:00 pm