Streetbeat News

Revenues

IMMR

Immersion Corporation (NASDAQ:IMMR) reported a decrease in Q3 adjusted EPS to $0.12 from $0.25 in the same period last year, while sales of $9.48M exceeded analyst estimates of $7.35M. However, this represents a 32.30% decrease in sales compared to $14.01M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:04 pm

ONDS

Ondas Holdings Inc. (NASDAQ:ONDS) subsidiary Airobotics is fast-tracking the development of the Iron Drone Raider, a counter-UAS system, to meet the needs of the Israeli Defense and homeland security forces. The system, which uses AI to autonomously detect and neutralize small hostile drones, is being enhanced with the support of major Israeli defense contractors. The counter-UAS market is expected to grow significantly, from $1 billion in 2023 to $4.7 billion by 2030. Airobotics recently acquired Iron Drone and received a grant from the Israel Innovation Authority to further develop the system.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:59 pm

BABA

JD

LULU

NKE

PDD

Alibaba Group Holding Ltd (BABA) and JD.com Inc (JD) reported sales growth during China's Singles Day despite economic challenges and competition from ByteDance's Douyin. PDD Holdings Inc's (PDD) Pinduoduo also saw a significant rise in GMV. The event is a key indicator of consumer confidence, which is currently affected by China's economic issues. Alibaba offered aggressive discounts to boost sales, while analysts suggest streaming services may have seen better growth. Consumer spending is shifting towards essentials, with health and wellness products expected to perform well. BABA shares saw a slight decrease in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 13, 2023 | 1:58 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO) presented new research at the Diabetes Technology Society 2023 Meeting, demonstrating that users of Dario's digital health solutions who increased physical activity maintained reduced blood glucose levels. The study analyzed data from 989 users, showing significant health improvements over four months. Dario's platform integrates clinical and behavioral data to support chronic condition management, including diabetes, blood pressure, and weight, with a focus on whole health.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:55 pm

BTDR

Bitdeer, a cryptocurrency mining company, reported a Q3 total revenue of $87.3 million, marking an increase from $76.6 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:54 pm

DTSS

Datasea reported Q1 earnings per share (EPS) of $0.00, an improvement from a loss of $0.05 per share year-over-year (YoY). Sales increased to $6.88 million, up from $1.16 million YoY, indicating significant revenue growth.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:54 pm

FRTX

Fresh Tracks Therapeutics (FRTX) reported a significant increase in Q3 earnings to $0.32 per share, up from a loss of $(2.07) per share year-over-year. Sales also saw a substantial rise to $7.99M, a 1.54K percent increase from $486.00K in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:51 pm

BOC

Boston Omaha Corporation reported its Q3 2023 earnings per share (EPS) as $(0.05), which is consistent with the previous year's Q3 EPS. The company's revenue for the quarter was $24.548 million, slightly surpassing the estimated $24.350 million.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:50 pm

HYMTF

Hyundai Motor Co has initiated the construction of a new $1.53 billion electric vehicle (EV) plant in Ulsan, South Korea. The facility is expected to produce 200,000 EVs annually, with full-scale construction starting in Q4 2023 and mass production commencing in Q1 2026. The first model to be produced is anticipated to be a Genesis electric SUV. Hyundai recently reported an 8.7% revenue growth in Q3 FY23 and a 33.3% increase in sales of electrified models.

Portfolio Pulse from Lekha Gupta

November 13, 2023 | 1:50 pm

SIEB

Siebert Financial reported an increase in earnings per share (EPS) to $0.07 in Q3 from $0.03 year-over-year (YoY). Revenue also rose to $18.1 million from $14.3 million YoY.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:48 pm