Streetbeat News

Revenues

AMZN

BABA

BIDU

INTC

IRBT

MU

The UK's CMA cleared Amazon's purchase of iRobot, Intel announced a $4.6 billion investment in Poland, and Baidu secured a license for autonomous ride-hailing in Shenzhen. Micron plans to invest $600 million in a Chinese chip-packaging plant despite restrictions, and Alibaba plans a major European push with Tmall.

Portfolio Pulse from Vandana Singh

June 16, 2023 | 1:33 pm

FXI

MU

Micron Technology warns that nearly half of its China HQ customer revenue, representing a low-double-digit percentage of its global revenue, is at risk of being impacted.

Portfolio Pulse from Happy Mohamed

June 16, 2023 | 1:33 pm

STLD

Steel Dynamics reports that data from the steel service center sector indicates low customer inventory levels, which the company believes will cause destocking to abate and support pricing.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 12:49 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) has originated a $6.7 million first-lien secured loan for a global real estate investment firm, backed by a class A multitenant cannabis industrial property in Oakland, California. The loan will generate fee and interest revenue for Safe Harbor Financial and help the company achieve its credit issuance goals.

Portfolio Pulse from Vuk Zdinjak

June 16, 2023 | 12:30 pm

ABNB

Jamie Inlow turned her side hustle into a multi-million dollar rental empire, Be Still Getaways, which manages 119 properties in Virginia. The business started when she listed her neighbor's barn on Airbnb and generated $2.28 million on Airbnb and $600,000 on other platforms in 2022.

Portfolio Pulse from Adam Eckert

June 16, 2023 | 12:20 pm

F

GM

Ford and General Motors executives report that demand from US retail and commercial customers has exceeded expectations, with both companies continuing their cost-cutting programs. This comes as the US Commerce Department reports a surge in retail sales in May due to increased demand for motor vehicles.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 11:40 am

CHRS

Coherus expects Q2 FY23 sales of $48M-$53M from Udenyca and Cimerli, and over $275M for FY23, including at least $100M from Cimerli. The company affirms prior guidance for full year 2023 combined R&D and SG&A expenses in the range of $315M-$335M.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 11:08 am

NAAS

NaaS Technology reaffirms its FY23 revenue guidance of $73M-$87M.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 10:35 am

DB

Deutsche Bank's shares are down 3.5% in premarket trading after its CFO estimated a 15%-20% decline in 2Q fixed-income trading revenue on Thursday.

Portfolio Pulse from Charles Gross

June 16, 2023 | 10:32 am

ADBE

Adobe CEO Shantanu Narayen envisions generative AI as a creative co-pilot, enhancing human ingenuity and productivity. Adobe's Firefly software, which relies on generative AI, is integrated into popular programs like Photoshop and Illustrator. Adobe recently reported a successful quarter with revenues of $4.82 billion.

Portfolio Pulse from Benzinga Newsbot

June 16, 2023 | 7:18 am