Streetbeat News

Revenues

SPY

Redbook reported a 0.4% increase in U.S. retail sales for the week ended June 10 compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:56 pm

BKTI

BK Technologies Corporation (NYSE:BKTI) has received a purchase order for 2,438 BKR5000 radios from the United States Department of Agriculture Forest Service (USFS) as part of its 5-year Blanket Purchase Agreement announced in May 2021.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:31 pm

EEIQ

EpicQuest Education Group International Limited (EEIQ) announced that Davis College signed non-binding MOUs with Urumqi Vocational University (UVU) and Hetu Technology Co, Ltd. The collaborations aim to increase student enrollment, expand international presence, and provide intercultural experiences for Davis College students.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:22 pm

AVDL

Avadel Pharmaceuticals announced the publication of a study highlighting the need for once-at-bedtime oxybate dosing for narcolepsy. The study found that decreased dosing frequency was the most important attribute when considering overall product choice, improving patient quality of life, and reducing anxiety.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:14 pm

XNET

Xunlei expects Q3 total revenues to be between $101 million and $106 million.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:07 pm

MPAA

Motorcar Parts of America (MPAA) expects FY24 net sales to be between $720M and $740M, representing a 5.4% to 8.3% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:06 pm

USO

OPEC forecasts world oil demand to increase by 2.35 million BPD in 2023, with China's oil demand rising by 840,000 BPD, up from the previous forecast of 800,000 BPD. The 2023 world economic growth forecast remains at 2.6%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:22 am

LAD

Lithia & Driveway has acquired 13 locations from the Priority Automotive Group in Virginia, bringing its total year-to-date expected annualized revenue acquired to over $3.2 billion. The acquisition was financed using existing on-balance sheet capacity and is projected to generate more than $1.2 billion in annualized revenue.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:11 am

F

GM

TSLA

Tesla has struck deals with General Motors and Ford, allowing their electric vehicles access to Tesla's charging infrastructure. Former Ford CEO Mark Fields sees this as a pragmatic move for all parties involved, with Tesla gaining revenue from its competitors and the legacy automakers benefiting from Tesla's dependable charging infrastructure.

Portfolio Pulse from Shanthi Rexaline

June 13, 2023 | 10:00 am

ORCL

Oracle expects total revenues for Q1, including Cerner, to grow 7% to 9% in constant currency and 8% to 10% in USD. Total Q1 cloud revenue, excluding Cerner, is expected to grow 28% to 30% in constant currency.

Portfolio Pulse from Charles Gross

June 12, 2023 | 9:29 pm