Streetbeat News

Revenues

IMOS

ChipMOS TECHNOLOGIES has reported Q3 revenues of $173.1M, a 6.2% increase YoY, due to healthier channel inventory levels. The company's revenues in September also saw a 20.2% YoY increase to $59.3M.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 10:11 am

UMC

United Microelectronics (UMC) reported a year-on-year sales decline of 24.45% for September 2023. The company's revenues for the period from January to September also decreased by 20.53% compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:57 am

EWG

Germany's factory orders for August have significantly exceeded estimates, coming in at 3.9% compared to the 1.8% estimate. This is a substantial improvement from the previous month's revised figure of -11.3%.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:03 am

BTDR

Bitdeer reported a 25.8% increase in the number of Bitcoin mined through its self-mining business in September compared to the previous month. The number of Bitcoin mined almost tripled year over year to 482 Bitcoins.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 9:04 pm

NIR

Near Intelligence has announced that it is withdrawing all previously issued revenue and adjusted EBITDA guidance, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:41 pm

ICCC

ImmuCell Corporation (ICCC) announced preliminary, unaudited sales results for Q3 2023, with revenues of $5.4M, up from $4.8M YoY. However, sales for the nine-month and twelve-month periods ended September 30, 2023, lagged behind the comparable periods in 2022. The company's backlog of orders increased to approximately $8.9 million as of September 30, 2023, up from $2.5 million as of December 31, 2022.

Portfolio Pulse from Happy Mohamed

October 05, 2023 | 8:11 pm

AMC

Taylor Swift's concert film, 'The Eras Tour', has generated over $100M in global advance ticket sales more than a week before its debut. The film will be shown in over 8,500 theaters in 100 countries, including nearly 4,000 theaters in North America. AMC Theatres Distribution and its partners have reached agreements with theater operators to show the film.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:08 pm

FSLY

Raymond James has maintained a Strong Buy rating on Fastly's stock but has lowered its Q3 and 2023 revenue estimates. This has led to a decrease in Fastly's share price.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 7:41 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported better-than-expected September sales growth of 4.5%, exceeding the analyst's prediction of 3.8%. Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Costco's shares and raised the price target from $575 to $600. Despite a decrease in ticket sales due to softer sales of discretionary products, Costco's digital business and targeted marketing strategies are expected to boost future results.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 7:24 pm

KO

Coca-Cola Co (NYSE:KO) shares are trading lower by 4.1% due to a decrease in shopping demand indicated by Walmart, which is attributed to the use of appetite-suppressing medications. The rise in Treasury yields and the attractiveness of fixed-income investments like bonds when interest rates rise are also contributing to the fall in Coca-Cola's stock price.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 7:13 pm