Streetbeat News

Revenues

GROM

Top Draw Animation (TDA), a division of Grom Social Enterprises Inc. (NASDAQ:GROM), has secured new production assignments worth over $1.2M. This adds to the $2.2M value from remaining contracted assignments already in progress. TDA, based in Manila, Philippines, produces animated series, movies, specials and short-form programming for several leading global and international entertainment providers.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:36 pm

AACTF

GOOG

MAR

PCG

RDFN

RUN

TSLA

ZG

Google, a subsidiary of Alphabet Inc, plans to license new sets of mapping data to companies to help build products around renewable energy, targeting a revenue of up to $100 million in its first year. The company plans to sell access to new APIs with solar and energy information and air quality. Potential customers include solar installers like Sunrun Inc and Tesla Inc's Tesla Energy, solar design companies like Aurora Solar Technologies Inc, real estate companies like Zillow Group, Inc and Redfin Corp, hospitality companies like Marriott International's Marriott Bonvoy, and utilities like Pacific Gas & Electric Co.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 12:26 pm

NVMI

Nova (NASDAQ:NVMI) announced that its Nova PRISM 2 platform has been selected by a leading foundry manufacturer for advanced packaging process steps. The platform offers improved sensitivity and accuracy for R&D and high-volume manufacturing metrology needs. The company expects to recognize initial revenues from the selection within the calendar year 2023.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:11 pm

NTES

TCEHY

TCTZF

China's gaming regulator has approved 58 imported online games, including titles from Tencent and Netease. This could potentially boost the companies' revenues and stock prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:02 pm

BZ

Kanzhun expects its Q3 total revenues to be between RMB1.53B and RMB1.56B, representing a year-on-year increase of 29.8% to 32.3%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:24 am

BBY

Best Buy's Q2 FY24 report shows a decrease in comparable sales across the board. Enterprise comparable sales dropped by 6.2%, domestic comparable sales by 6.3%, international comparable sales by 5.4%, and domestic comparable online sales by 7.1%. Revenue also decreased from $10,329 million in Q2 FY23 to $9,583 million in Q2 FY24.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:09 am

SJM

JM Smucker has reiterated its forecast for net sales growth of 8.5%-9.5% for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:03 am

DCI

Donaldson Company, Inc. (DCI) has projected its FY24 sales growth to be between 3% and 7%, with an EPS of $3.14 - $3.30, compared to an estimate of $3.13. The company expects growth in mobile, industrial, and life sciences sales, while aerospace and defense sales are projected to decrease. Operating margin is forecasted to be between 14.7% and 15.3%, and capital expenditures are expected to be between $95 million and $115 million. The company also plans to repurchase approximately 2% of its shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:06 am

CAMT

Camtek has received orders for approximately 45 systems since the beginning of August 2023. The systems will be delivered during the fourth quarter of 2023 and in 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:03 am

HEI

Heico Corp reported a Q3 FY23 revenue increase of 27% Y/Y to $722.9 million, beating the consensus of $701.7 million. The company warned of potential higher material and labor costs due to inflationary pressures and supply chain disruptions. Heico recently closed the acquisition of Wencor Group for $2.05 billion, marking its largest-ever acquisition. The company anticipates net sales growth in both the FSG and ETG, driven by demand for the majority of its products.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 9:57 am