Streetbeat News

Revenues

SPY

The US Labor Department reported a two-year low inflation rate for May 2023, with the annual inflation rate at 4%. The S&P 500 has experienced an upward trend, with the information technology sector growing by 37% this year. The index is progressing towards breaking its all-time high of $4818.

Portfolio Pulse from Zaheer Anwari

June 14, 2023 | 3:09 pm

WMT

Walmart's CFO revealed that sales around store remodels have seen a significant boost, much higher than traditionally observed, during the Evercore ISI Conference.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 2:47 pm

PLUG

Plug Power Inc is hosting its investor day, unveiling revenue growth opportunities in the Applications and Energy business units and providing a financial update. The company aims to produce over 2,000 tons of hydrogen per day from its green hydrogen network by 2030. Plug Power has agreed to supply Blue EnerFreeze with a green hydrogen ecosystem and deliver containerized PEM electrolyzer systems to Avina Clean Hydrogen Inc.

Portfolio Pulse from Shivani Kumaresan

June 14, 2023 | 2:37 pm

WMT

Walmart CFO Brett Biggs stated at the Evercore ISI Conference that Flipkart and PhonePe, Walmart's Indian subsidiaries, could become $100 billion businesses in the future.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 2:24 pm

SMX

Security Matters plc (SMX) reports 100% year-to-date growth in commercialization driven by client adoption across industries. The company expects revenue growth in 2023 due to increased adoption and experimental program conversions. SMX has commercial relationships with Sumitomo Corporation and Continental AG, and is expanding into the metals, mining, and fashion industries.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:50 pm

NVAX

Novavax aims to survive by developing an updated Covid vaccine before the fall season and reducing costs. However, the company faces challenges such as competing with Pfizer and Moderna in the commercial vaccine market and a pending $700 million arbitration with Gavi.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:38 pm

AGRX

GDRX

Agile Therapeutics announced a partnership with vitaCare Prescription Services, a subsidiary of GoodRx Holdings, to expand patient access and streamline fulfillment for Twirla contraceptive patch. The partnership aims to strengthen Twirla's presence in the retail channel and contribute to Agile's 2023 financial goals of generating positive cash flow and delivering net revenue in the range of $25-$30 million.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 1:29 pm

VUZI

Vuzix has signed a distribution agreement with Japan-based ASK Corporation and received an initial volume order for its smart glasses. This partnership expands Vuzix's presence in the Japanese market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:27 pm

ACB

Aurora Cannabis Inc. reported Q3 2023 financial results with a net revenue of CA$64 million, a 4% increase compared to the prior quarter. However, the company's FY 2023 gross profit collapsed to CA$775,000, a 96.3% decrease compared to CA$21.2 million in FY 2022. Aurora expects cannabis net revenue for fiscal Q1 2024 to be largely similar to fiscal Q3 2023.

Portfolio Pulse from Vuk Zdinjak

June 14, 2023 | 1:17 pm

CEG

CVS

CVS Health has entered a 12-year agreement with Constellation to purchase zero-emission, renewable energy equivalent to the annual electricity use of its 147 locations in Michigan. The deal supports the development of 18 megawatts of new solar energy and helps CVS Health reduce its carbon footprint by nearly 17,000 metric tons each year.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:04 pm