Streetbeat News

Revenues

WAL

Western Alliance's total deposits have increased by $3.5B QoQ to $51B. However, the net interest margin has decreased from 3.79% QoQ and 3.54% YoY to 3.42%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:51 pm

AMD

AMD is reportedly developing a China-exclusive GPU, the Radeon RX 7900 GRE, based on the Navi 31 chip. The new GPU is expected to be a regional launch, similar to the RX 590 GME edition launched in 2020. The RX 7900 GRE will feature a 16 GB VRAM capacity and a reduced CU count. The release date and pricing are not yet confirmed, but it is expected to be lower than the 5699 yuan/ USD $790 mark.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:38 pm

WAL

Western Alliance Bancorporation (WAL) has reported its Q2 net revenue of $669.3 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:33 pm

BKH

Black Hills Corp. (NYSE:BKH) has received approval from the Colorado Public Utility Commission for new rates to recover approximately $110 million of investments since 2017 in its 600-mile pipeline system. The approved settlement agreement will generate approximately $8.2 million of new annual revenues.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:22 pm

AMRN

Amarin Corporation has announced preliminary Q2 product revenue of $65 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:19 pm

ENVX

Enovix Corp (NASDAQ:ENVX) announced the general availability of its IoT and wearable cell, which has a capacity advantage of up to double compared to current market products. The company's CEO expects custom cell development to be a major revenue driver in 2024 and beyond. Last month, Enovix received a purchase order from the U.S. Army for commercial cells for Conformal Wearable Batteries. The company's shares are up nearly 55% over the last month and more than 80% since the start of the year.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 4:45 pm

PLD

Prologis reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:38 pm

WBD

Warner Bros Discovery Inc (NASDAQ:WBD) shares are trading higher by 3.41% to $12.73 after Goldman Sachs named the stock its top media pick. However, the ongoing SAG-AFTRA union strike could increase production costs and disrupt content production, potentially impacting WBD's profitability, cash flow, and ability to generate revenue.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 3:30 pm

AMSC

American Superconductor Corporation (NASDAQ:AMSC) has secured $34 million of new energy power systems orders, including various power grid stabilization solutions. The company expects to recognize about half of the revenue from these orders in fiscal year 2023. The orders represent a strong contribution from the renewables market, with wind and solar projects accounting for approximately one-third. AMSC shares are trading higher by 12.95% at $7.59.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 3:05 pm

EWJ

HMC

NSANY

TM

Sales of Japan's top six carmakers, including Toyota, Nissan, and Honda, have dropped nearly 20% in China in the first half of the year. This is their biggest drop in the world's largest car market since 2012, as the shift to electric vehicles (EVs) accelerates. Nissan was the worst affected with a 24.4% drop, followed by Honda with a 22% drop, while Toyota saw a 2.8% drop. The Japanese carmakers are lagging behind their Chinese rivals in developing EVs.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:43 pm