Streetbeat News

Revenues

DLTR

Dollar Tree forecasts its Q4 consolidated net sales to be between $8.6 billion and $8.8 billion, with earnings per share (EPS) ranging from $2.58 to $2.78.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:38 am

HRL

Hormel Foods projects FY24 sales to range between $12.2B and $12.5B, which brackets the analyst estimate of $12.28B.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:36 am

HRL

Hormel Foods projects a sales growth of 1% to 3% for fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:34 am

GB

Global Blue Gr Holding (NYSE:GB) reported a 49.18% increase in Q2 sales to $123.19M, up from $82.58M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:25 am

CNF

CNFinance reported a 19.9% year-over-year increase in Q3 total loan origination volume, reaching RMB5,105.1M (~$699.7M). The total number of active borrowers rose by 13% YoY to 26,624.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:07 am

CNF

CNFinance Holdings (NYSE:CNF) exceeded Q3 earnings and sales estimates with an EPS of $0.10, surpassing the $0.06 consensus, and reported sales of $58.24M, beating the $43.17M estimate. This reflects a 66.67% EPS beat and a 34.92% sales beat, with a slight 0.61% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:04 am

BEEM

Beam Global has announced ongoing orders for its EV ARC solar-powered EV charging systems from various California state agencies. This indicates a sustained demand for Beam's products within the state sector, potentially signaling growth in the company's public sector sales.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:01 am

AAPL

Apple Music's most-streamed songs of 2023 list is described as 'more global than ever', featuring a mix of international and regional artists. Morgan Wallen's 'Last Night' leads the list, with other top artists including Miley Cyrus, SZA, Drake, and Taylor Swift. The list showcases the impact of social media in promoting diverse global music, with Apple offering various playlists on its app and website to highlight these songs.

Portfolio Pulse from Rounak Jain

November 29, 2023 | 10:13 am

ASND

Ascendis Pharma A/S has signed an exclusive license agreement with Teijin Limited, granting Teijin the rights to develop and commercialize Ascendis's endocrinology rare disease drugs in Japan. The deal is worth $70 million upfront, with the potential for up to $175 million in milestone payments, plus royalties on sales.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:35 am

BABA

PDD

Jack Ma, co-founder of Alibaba Group Holding Ltd. (NYSE:BABA), has called for strategic changes within the company in an internal memo, while praising the strategic moves of rival PDD Holdings Inc (NASDAQ:PDD). Ma, who stepped back from Alibaba in 2020, has re-engaged with the company's direction amidst its challenges, including a slower economic recovery, rising competition, and internal organizational changes. Alibaba's shares in Hong Kong responded to Ma's comments with reduced losses, following PDD's announcement of strong Q3 FY23 revenue growth and earnings that exceeded expectations. Analysts have expressed concerns over Alibaba's performance, with Morgan Stanley removing the stock as a top pick after its Q2 results.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 9:21 am