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Revenues

BKE

Buckle (NYSE:BKE) reported Q3 earnings of $1.04 per share, surpassing the consensus estimate of $0.98, but experienced a 16.13% decrease from the previous year's $1.24 per share. Sales were $303.46M, falling short of the $316.70M estimate and marking an 8.69% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:51 am

THC

Tenet Healthcare has agreed to sell three of its hospitals and related operations in South Carolina to Novant Health for about $2.4 billion in cash. The after-tax proceeds from the sale are expected to be approximately $1.75 billion.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:47 am

FSR

Fisker Inc. has announced a new distribution strategy that has significantly increased its sales and deliveries, reaching over 100 vehicles per day. This surge in deliveries translates to a revenue of over $7.5 million in just one day.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:36 am

MSFT

OpenAI, supported by Microsoft Corp (NASDAQ:MSFT), is planning to integrate its ChatGPT chatbot into the education sector. OpenAI's COO, Brad Lightcap, announced the initiative, which aims to leverage ChatGPT as an educational tool in classrooms. Despite initial concerns about cheating, educators are recognizing its potential benefits. OpenAI is forming a new team to develop educational applications and has existing partnerships with groups like Khan Academy and Schmidt Futures. The online learning market is expected to grow significantly, and ChatGPT could contribute to this by serving as a tutor and assisting with curriculum development. However, privacy concerns for children using ChatGPT in schools have been raised. OpenAI anticipates generating over $1 billion in revenue from AI software and services within the next year.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 11:20 am

LI

Li Auto Inc (NASDAQ:LI) announced the start of deliveries for its first battery electric vehicle (BEV), the MEGA, in February. The MEGA received over 10,000 pre-orders in under 2 hours. It offers a 500 km range on a 12-minute charge and is expected to be priced at around 600,000 yuan ($82,796). Li Auto expressed confidence in the MEGA becoming a top choice for families, aiming to lead in sales across all energy and body types. The company also reported crossing 300,000 cumulative deliveries this year, with the Li L7 leading sales and outperforming Tesla in October sales.

Portfolio Pulse from Anan Ashraf

November 17, 2023 | 11:08 am

ATKR

Atkore provided financial guidance for FY24, projecting net sales to range between $3.50B and $3.65B, compared to the estimated $3.61B. The company also forecasts adjusted EPS to be between $16.00 and $17.00, versus the estimated $16.47.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:07 am

MTBL

Moatable (NYSE:MTBL) reported a 10.78% increase in Q3 sales to $13.29M from $12.00M in the same period last year. The company also reported an adjusted net income of $43K, a significant improvement from a loss of $(1.93)M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:06 am

JOBY

Joby Aviation has been awarded a $9.8 million California Competes Grant to expand its facilities in California. The company has committed to creating 690 new jobs by 2027 and plans to invest $41.3 million in the expansion efforts.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:05 am

VGK

The Eurozone Consumer Price Index (CPI) for October showed a month-on-month increase of 0.2%, which was in line with estimates and the same as the previous month. The year-on-year CPI was 4.2%, also matching estimates but showing a decrease from the prior figure of 4.5%.

Portfolio Pulse from Charles Gross

November 17, 2023 | 10:04 am

VGK

The Eurozone Consumer Price Index (CPI) year-over-year for October was reported at 2.9%, which is in line with the estimated 2.9% and lower than the previous 4.3%.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:01 am