Streetbeat News

Revenues

FXI

TSLA

Tesla's sales of China-made electric vehicles (EVs) in July fell by 31% compared to the previous month, according to Reuters.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:41 pm

FXI

TSLA

The China Passenger Car Association (CPCA) reported that Tesla sold 64,285 China-made vehicles in July, according to Reuters.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:39 pm

FVRR

Fiverr has updated its Q3 and FY23 financial outlook, expecting Q3 revenue of $89.5M-$92.5M and FY23 revenue of $358M-$365M. The company also anticipates Q3 adjusted EBITDA of $14.5M-$16.5M and FY23 adjusted EBITDA of $56M-$60M. This reflects the strength of Fiverr's business and recent marketplace trends.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:36 pm

WIX

Wix.Com has raised its revenue outlook for FY23 to $1.543B-$1.558B, up from the prior $1.522B-$1.543B, and above the consensus of $1.53B. The company also expects 3Q23 revenue to be between $386M-$391M, higher than the consensus of $384.73M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:36 pm

HTOO

Fusion Fuel Green PLC has entered into a green hydrogen supply agreement with an undisclosed Spanish customer. The deal is expected to boost Fusion Fuel's revenues and strengthen its position in the green energy market.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:36 pm

AAPL

GS

Apple's high-yielding savings account, offered in collaboration with Goldman Sachs, has received over $10 billion in deposits since its launch in April. The account promises a yield of 4.15%, attracting a large number of Apple Card customers. However, Goldman Sachs is reportedly considering offloading the Apple Card and savings account portfolio as it aims to scale down its consumer lending business. Apple's financial services business is part of its Services business, which is expected to reaccelerate to a double-digit growth pace.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 12:35 pm

ADXN

Addex Therapeutics has received an additional CHF2.7M from Indivior for its GABAB Positive Allosteric Modulator Program. The funds are part of an extended research collaboration on substance use disorder.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:35 pm

CURLF

TRSSF

Maryland's cannabis sales reached $87.43 million in the first month of recreational sales, exceeding expectations. The state's cannabis retailers, including TerrAscend (OTCQX: TRSSF) and Curaleaf Holdings (OTCQX: CURLF), are delighted with the results. The Maryland Cannabis Administration anticipates the industry will generate $600 million in retail sales during the first year of adult-use cannabis legalization.

Portfolio Pulse from Maureen Meehan

August 04, 2023 | 12:33 pm

AAPL

DOGEUSD

Elon Musk plans to discuss with Apple CEO Tim Cook about the tech giant's 30% revenue-sharing policy with the microblogging site, now rebranded as 'X'. Musk suggests adjusting the fee to 30% of what 'X' keeps, aiming to maximize what creators receive on the platform. Dogecoin co-creator Billy Markus also urged Cook to share more wealth with creators. Musk revealed a new feature allowing creators to adjust the price of paid subscriptions is coming soon.

Portfolio Pulse from Ananya Gairola

August 04, 2023 | 12:33 pm

VTOL

Bristow Group has reaffirmed its FY23 outlook for total operating revenues of $1.20B-$1.31B. The company also projects FY24 revenues to be between $1.295B-$1.465B.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:33 pm