Streetbeat News

Revenues

RVTY

Revvity has lowered its FY23 revenue guidance to $2.72B-$2.74B, down from the previous guidance of $2.80B-$2.85B. This is also below the consensus estimate of $2.83B.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 10:07 am

EWG

Germany's preliminary Gross Domestic Product (GDP) for Q3 has been reported at -0.3%, matching the estimated figure. The previous quarter's GDP was 0.0%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:01 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing a slump in iPhone sales in China, with a reported 6% fall during the iPhone 15 series launch month compared to the same period last year. This is attributed to the resurgence of local competitor Huawei Technologies Co., which has seen its Mate 60 series register close to 1.5 million sales during its launch month. Apple, which derives around 20% of its revenue from China, is also dealing with escalating U.S.-China tensions and an iPhone prohibition in some government-backed agencies and state-owned enterprises.

Portfolio Pulse from Benzinga Neuro

October 30, 2023 | 8:06 am

EWA

Australia's retail sales for September have been reported at 0.9%, exceeding the estimated 0.3% and the revised prior of 0.3%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:47 am

MMM

NVDA

TSLA

UPS

Ark Investment Management CEO Cathie Wood has expressed concerns about the US economy, stating that government data does not accurately reflect its weakness. She cited the example of United Parcel Service, Inc. (UPS) whose delivery volume growth is worse today than in 2007-2009, and 3M Co (MMM), which saw a 3% decline in global organic sales year-over-year. Wood also mentioned her recent financial moves, including the sale of substantial Tesla (TSLA) and NVIDIA Corp (NVDA) shares.

Portfolio Pulse from Bibhu Pattnaik

October 28, 2023 | 7:49 pm

AAPL

GOOG

GOOGL

In 2021, Google, a subsidiary of Alphabet Inc., reportedly paid $26.3 billion to various partners, including Apple, to maintain its default search engine status on browsers and mobile devices. This information was revealed during the ongoing federal antitrust trial against Google. The trial's outcome could significantly affect Google and the broader tech industry.

Portfolio Pulse from Ananya Gairola

October 28, 2023 | 6:25 am

NECB

NorthEast Community Bancorp reported Q3 revenue of $25.35M, surpassing the estimated $23.735M.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:07 pm

F

MBLY

Mobileye Global Inc (MBLY) has slightly lowered its CY23 revenue forecast due to SuperVision (SV) shipments tracking towards the low end of guidance. However, analysts from Needham and Raymond James remain bullish, citing progress with higher average selling price (ASP) programs, potential design wins, and strong business development. Ford Motor Co's (F) BlueCruise may contribute 500k units to Cloud-Enhanced (CE) ADAS in CY24. MBLY shares traded lower by 3.92% at $34.99 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 7:29 pm

AAPL

MASI

The International Trade Commission (ITC) has upheld a decision that Apple Inc. infringed on Masimo Corporation's patent rights related to a light-based technology used in blood-oxygen-level monitoring. If Masimo is successful, Apple might be forced to pay royalties, potentially generating $50 million-$100 million of annual revenue for Masimo. However, Apple is expected to appeal the decision, which could delay any potential royalty payments. Masimo's recent acquisition of Sound United and its potential for growth in the medical business were also highlighted.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 6:44 pm

AMZN

GOOG

META

MSFT

Amazon.com Inc (NASDAQ: AMZN) has reported a YoY increase of 13% in revenue for Q3 2023, with net income more than tripling to $9.9 billion. The company's cloud service, Amazon Web Services, saw a 12% expansion in revenue, while its core e-commerce segment expanded by 7%. Advertising revenue also saw a significant increase of 26% YoY. Despite facing legal challenges and macroeconomic issues, Amazon is expecting robust margins to continue throughout the rest of the year.

Portfolio Pulse from Upwallstreet

October 27, 2023 | 5:08 pm