Streetbeat News

Revenues

T

AT&T expects Q2 free cash flow to be in the $3.5B-$4B range and remains on track to deliver FY free cash flow of $16B. In wireless, the company is tracking to slightly above 300,000 Q2 postpaid phone net additions, and subscriber porting trends have normalized.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:32 pm

VUZI

Vuzix Corporation released a report showing increasing interest among US surgeons in adopting AR smart glasses for surgical practices. The study highlights potential benefits such as enhanced precision, efficiency, and patient outcomes, as well as cost reduction in surgical equipment and staff.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:27 pm

DSX

Diana Shipping Inc. (NYSE:DSX) has entered into a time charter contract with Western Bulk Carriers AS for its Ultramax dry bulk vessel, m/v DSI Altair. The gross charter rate is $13,800 per day, and the charter is expected to commence on June 25, 2023, generating approximately $5.60 million in gross revenue.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:23 pm

BOF

WMT

BranchOut Food Inc (NASDAQ:BOF) shares surge after announcing a contract with Walmart Inc (NYSE:WMT) to supply dehydrated fruit items to 2,250 stores. The deal is expected to significantly increase revenue and profitability for BranchOut, which is also working on a second project to supply additional items to all Walmart stores.

Portfolio Pulse from Shivani Kumaresan

June 20, 2023 | 1:21 pm

NSRGY

Nestle (OTC:NSRGY) has decided to discontinue Fantales, the caramel chocolates once popular at movie theaters, due to declining sales and equipment maintenance issues.

Portfolio Pulse from Benzinga Newsbot

June 20, 2023 | 1:18 pm

BABA

DB

EADSY

GOOGL

GRAB

HYMTF

NVDA

SPOT

Spotify plans to launch a more expensive subscription plan called 'Supremium' with high-fidelity audio. Grab Holdings plans to cut its workforce by 5%. Deutsche Bank applies for a digital asset custody license. Google is in talks with Indian suppliers to assemble Pixel smartphones. Chinese vendors bypass the US embargo to supply Nvidia AI chips. Alibaba names Eddie Wu as its new CEO. Hyundai unveils an $85B investment plan for EVs. Airbus confirms a 500 A320 aircraft order from IndiGo.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:07 pm

GRUSF

Grown Rogue International Inc. reported Q2 FY23 revenue of $6 million, a 28% increase compared to Q2 FY22. Gross profit increased 18.2% to $2.6 million, while net income rose 184.6% to $411,979. The company ended the quarter with $3.8 million cash on hand.

Portfolio Pulse from Vuk Zdinjak

June 20, 2023 | 1:05 pm

IZEA

IZEA announced the launch of FormAI, a new AI-driven content analysis tool that helps marketers identify and optimize content for search engines. The tool is expected to improve content marketing performance and drive revenue growth.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:02 pm

NKLA

Nikola Corp (NYSE:NKLA) shares are trading higher after the company provided an update on its business optimization efforts, including plans to streamline operations, decrease cash spend, and reorganize its workforce. The company's annual cash usage is expected to decrease to under $400 million by 2024, and its hydrogen fuel cell electric truck launch remains on schedule for Q3.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 12:45 pm

ABVC

ABVC BioPharma's subsidiary BioKey is set to receive $1M from Define Biotech for manufacturing Maitake mushroom-derived dietary supplements. The partnership grants Define Biotech distribution rights in China and Taiwan. The global dietary supplements market is projected to reach $269.5B by 2030.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:38 pm