Streetbeat News

Revenues

STNE

During its Investor Day in New York, Stone (NASDAQ:STNE) outlined plans to more than double its profitability in the next four years, targeting an adjusted net income of R$4.3 billion by 2027. The company aims to exceed R$600 billion in Total Payment Volume (TPV) with a take rate above 2.70% in the Micro, Small, and Medium Enterprise (MSMB) market, surpass R$14 billion in client deposits, and achieve a credit portfolio above R$5.5 billion. Stone's strategy focuses on growth in the MSMB market, enhancing customer engagement through financial services and software integration, and improving operational efficiency. The company will prioritize four verticals: retail, food, pharma, and gas stations. After appointing a new CEO, Pedro Zinner, StoneCo. has restructured to accelerate the integration of financial services with software assets. The company reported a tripling of adjusted net income to R$435 million for Q3 2023, with a net revenue of R$3.1 billion and an Adjusted EBT of R$545 million.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:30 pm

HNRA

HNR Acquisition Corp (NYSE:HNRA) has completed its acquisition of Pogo Resources, LLC, gaining control of the Grayburg-Jackson oil field in the Permian Basin. The field has significant production potential, with plans to increase output from 1,400 to 4,000 barrels per day in three years. Pogo's assets include 13,700 acres, 343 producing wells, and 207 injection wells. Pogo generated $35 million in revenue in 2022. HNRA's management team, with extensive industry experience, aims to grow the company and expand revenues and profits through strategic acquisitions and a hedging program to protect profits.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:20 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares increased by 3.4% following JD.com's positive third-quarter results, which showed a slight decrease in net product revenue but a significant increase in net service revenues. Investors are optimistic about the Chinese e-commerce sector, potentially benefiting Baidu as well.

Portfolio Pulse from Henry Khederian

November 15, 2023 | 8:11 pm

BTBD

BT Brands reported a Q3 EPS of $0.00, an improvement from $(0.04) in the same quarter last year. However, sales slightly decreased to $4.01M from $4.02M YoY. The company has decided not to provide a financial forecast for fiscal years 2023 and 2024 due to uncertainties related to public health, supply chain constraints, and inflation.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:45 pm

HSY

Hershey Co (NYSE:HSY) experienced a 33% decline in its stock price from May to October 2023, falling from $276 to $183. However, the stock has since rebounded, surging 24% in the three months before May and recently seeing a 7% increase since its October low. Despite a post-earnings drop, Hershey's stock is showing signs of recovery, potentially aided by favorable market conditions and the S&P 500's recent gains.

Portfolio Pulse from Zaheer Anwari

November 15, 2023 | 7:03 pm

SPY

Fitch Ratings reports that U.S. states saw a significant drop in long-term liability burdens during fiscal 2022. However, this decline is expected to be temporary as it is largely due to robust revenue growth and federal aid, which are not sustainable long-term.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:54 pm

NIO

NIO Inc (NYSE:NIO) shares rose by 7.9% to $28.82, likely due to positive sentiment from JD.com's Q3 results, which showed a slight drop in net product revenue but a 12.7% increase in net service revenues. JD's strong performance may indicate a robust online retail sector in China, potentially benefiting related industries like EV manufacturers such as NIO.

Portfolio Pulse from Henry Khederian

November 15, 2023 | 6:50 pm

ELIQ

Electriq Power Holdings reported a year-over-year decrease in Q3 revenue, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:47 pm

DAL

Delta Air Lines has projected that it will serve between 6.2 million and 6.4 million customers from November 17 to November 28, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:14 pm

BMY

FUJIY

National Grid Renewables has executed two Power Purchase Agreements (PPAs) for its Blevins Solar Project. Fujifilm has contracted for 125 MW of solar power, while Bristol Myers Squibb has contracted for 145 MW.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:10 pm