Streetbeat News

Revenues

BROG

Brooge Energy has reported its first six months revenue for 2023 at $62.9M, marking a 122% increase year-over-year.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 8:06 pm

INGR

Oppenheimer analyst Kristen Owen initiated coverage on Ingredion Inc (NYSE:INGR) with an Outperform rating and a price target of $120. The analyst believes Ingredion's investments in health-conscious products will drive growth and revenue diversification. Owen expects the company's volume recovery to lag modestly but sees near-term affordability alignment facilitating margin expansion. The analyst estimates revenue and adjusted EPS of $8.4 billion and $8.91 for FY23, $8.7 billion and $9.60 for FY24, and $8.9 billion and $10.24 for FY25, respectively.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 7:04 pm

ATVI

Activision Blizzard Inc is celebrating the 20th anniversary of King, the interactive entertainment company it acquired in 2016. King's Candy Crush Saga has generated $20 billion in revenue since its launch 11 years ago, attracting millions of active players every month and accumulating five billion downloads across all devices. King's president expressed optimism for the future and the company's commitment to delivering fun gameplay and memorable moments for its players.

Portfolio Pulse from Franca Quarneti

September 29, 2023 | 4:21 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher, up 6.5% for the week. The company is gaining investor attention as student loan repayment is set to restart on Oct. 1, potentially increasing SoFi's revenue. The stock is also trending on Yahoo! Finance and has a high short interest of 11.73%. The stock's trading volume is above average with more than 13.5 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

September 29, 2023 | 3:49 pm

VIR

Vir Biotechnology has been awarded a contract worth up to $116M by the Biomedical Advanced Research and Development Authority (BARDA) for the development of pre-exposure monoclonal antibodies for the prevention of influenza illness and medical countermeasures for other emerging pathogens of pandemic potential.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:13 pm

CCL

CUK

Carnival Corporation's European brands are now booking at levels similar to 2019, while its North American brands are exceeding historical highs, according to a company executive.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:11 pm

CJET

Chijet Motor has announced a new sales order of 435 vehicles. This could potentially increase the company's revenues and positively impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:06 pm

PL

Planet Labs PBC has announced that NASA has extended its blanket purchase agreement under the CSDA program. The extension includes multiple orders totaling $18.5M in funding through 2024.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:04 pm

NFE

New Fortress Energy Inc. (NFE) has announced the commencement of its second U.S. government sponsored power plant in Puerto Rico, with a capacity of 200+ MW. This follows the 150 MW facility that began operations in June. Both plants operate under multi-year contracts with the U.S. government. NFE also completed the final sailaway for FLNG 1, marking significant progress in its infrastructure development portfolio. The company expects these projects to contribute significantly to downstream volumes and terminal earnings from Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:08 pm

JZ

Jianzhi Education Technology Group Company Limited reported its FY22 net revenue of $73.3M, marking a 6.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:04 pm