Streetbeat News

Revenues

F

TSLA

Tesla Inc (NASDAQ:TSLA) saw a 2000% increase in European Union registrations in May 2022 compared to the previous year, while Ford Motor Co (NYSE:F) experienced a 4.2% decline. The overall EU car market grew by 18.5%, with battery electric vehicles increasing by 70.9% YoY.

Portfolio Pulse from Anan Ashraf

June 21, 2023 | 9:32 am

RIVN

TSLA

Rivian CEO announced that its fast-charging network will turn cash-flow positive fairly quickly after adopting Tesla's charging standard. The deal is expected to benefit both Rivian and Tesla.

Portfolio Pulse from Charles Gross

June 21, 2023 | 8:58 am

ESLT

Elbit Systems has received a $180 million purchase order to supply the first three Watchkeeper X tactical Unmanned Aerial Systems (UAS) to the Romanian Ministry of National Defense, as part of a framework contract worth up to $410 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 7:27 am

F

GM

RIVN

TSLA

Ford and General Motors announced partnerships with Tesla for its Supercharger charging station network, potentially increasing Tesla's future revenue and earnings. Piper Sandler analyst Alex Potter estimates the opportunity for GM and Ford alone could represent $3 billion in additional revenue for Tesla by 2030 and $5.4 billion by 2032.

Portfolio Pulse from Chris Katje

June 20, 2023 | 9:01 pm

DCGO

DocGo corrected its earlier announcement, now targeting Q4 2025 revenue of $250 million.

Portfolio Pulse from Charles Gross

June 20, 2023 | 9:00 pm

VTOL

Bristow Group projects its 2024 operating revenues to be between $1.30B and $1.47B, a 10% increase compared to its 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:36 pm

LZB

La-Z-Boy expects Q1 revenue to be between $470M-$490M, lower than the estimated $522.45M, and operating margin in the range of 6.5% to 7.5%. The company anticipates growth ahead of the industry in fiscal 2024, with stronger performance in the second half of the year.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:18 pm

EA

EA CEO Andrew Wilson announced the company's strategy to align its studios into two organizations, EA Entertainment and EA SPORTS, both reporting directly to him.

Portfolio Pulse from Bill Haddad

June 20, 2023 | 8:15 pm

MDXG

MiMedx announces a realignment and restructuring plan, suspending its knee osteoarthritis program and disbanding its regenerative medicine business unit. The company expects to save $25 million annually from these changes.

Portfolio Pulse from Bill Haddad

June 20, 2023 | 8:02 pm

HERTF

Heritage Cannabis Holdings Corp. has shipped its first order of 15,000 live resin concentrate vape cartridges to Australia and received a second purchase order for an additional 15,000 units. The Australian legal cannabis market is expected to grow at a CAGR of 29.6% from 2023 to 2030.

Portfolio Pulse from Joana Scopel

June 20, 2023 | 7:31 pm