Streetbeat News

Revenues

INGN

Needham analyst Mike Matson downgraded Inogen, Inc (NASDAQ:INGN) to Hold from Buy, with a price target of $26. Inogen is acquiring Physio-Assist SAS for $32 million, a move that is expected to diversify its respiratory portfolio and expand its international market opportunities. However, the deal is not expected to impact Inogen's revenue growth until 2025. Matson notes that Inogen's margins have deteriorated due to inflationary headwinds, sales channels, and other investments. The analyst also lowered revenue estimates for FY23 and FY24.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 5:04 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) had a successful Prime Day event, selling approximately $12.1 billion in gross merchandise value (GMV), according to BofA Securities analyst Justin Post. This represents the company's 'largest single sales day ever', with Prime members purchasing over 375 million items, a 13% increase from last year. The event likely boosted new Prime subscription sign-ups and customer satisfaction, and Amazon likely gained market share.

Portfolio Pulse from Priya Nigam

July 14, 2023 | 2:47 pm

CXAI

CXApp Inc. has added $5M to its balance sheet through warrant exercises. The company also added two Fortune 200 financial services customers last month, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:02 pm

C

Citigroup's Q2 2023 banking revenue has been reported at $1.2B, marking a 44% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:05 pm

APLD

Applied Digital (APLD) has onboarded Character.AI as a customer for its AI cloud services. This partnership could potentially boost Applied Digital's revenues and market presence.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:04 pm

SLM

SOFI

SPY

The Biden administration has forgiven $39 billion in student debt for over 800,000 borrowers. This move could impact the revenues of student loan companies like SLM Corp and SoFi Technologies.

Portfolio Pulse from Charles Gross

July 14, 2023 | 11:07 am

JPM

JPMorgan's Q2 investment banking revenue has increased by 11% to $1.5B, while its Markets & Securities Services revenue has decreased by 10% to $7B.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:54 am

BLK

BlackRock, the world's largest asset manager, reported net inflows of $80.16 billion in Q2. The inflows reflect the continued strength of the company's broad-based platform, with positive flows across client types and regions.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:19 am

EWG

NVO

Novo Nordisk announced that its prescription drug Wegovy will be available in German pharmacies by the end of July. The maintenance dose of 2.4 mg will cost 301.91 Euros for 4 weeks of treatment, while the starter dose of 0.25 mg will cost 171.92 Euros for 4 weeks of treatment.

Portfolio Pulse from Charles Gross

July 14, 2023 | 8:54 am

DIS

Walt Disney Co (NYSE:DIS) is reducing the production of Marvel Studios and Lucasfilm franchises as part of a cost containment initiative. This decision comes after underwhelming box office performances from the company’s recent films. The move is part of a broader reorganization plan that includes a $5.5 billion cost-cutting initiative, with $3 billion being cut from content excluding sports. The company aims to bolster its flagship streaming service, Disney+, and attract more customers.

Portfolio Pulse from Benzinga Newsbot

July 14, 2023 | 3:04 am