Streetbeat News

Revenues

KC

Kingsoft Cloud Holdings (KC) expects Q2 revenue to be between $270.4M and $292.3M, compared to the consensus estimate of $282.89M.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 10:29 am

IHS

IHS Holding has reiterated its 2023 guidance, projecting revenues of $2.19B-$2.22B and adjusted EBITDA of $1.20B-$1.22B.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 10:13 am

ZEPP

Zepp Health Corp anticipates Q2 revenue to be in the range of $95 million to $124.23 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 10:05 am

LOW

Lowe's reported Q1 comparable sales down by 4.3% with total sales of $22.3 billion. The decrease was attributed to lumber deflation, unfavorable weather, and lower DIY discretionary sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 10:02 am

VIPS

Vipshop expects Q2 net revenues to be between RMB 27.0 billion and RMB 28.2 billion.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 9:05 am

RERE

ATRenew expects Q2 revenue to be between $416.54 million and $431.16 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:31 am

CURLF

Amsterdam's Red Light District will ban marijuana smoking on its streets starting May 25, with violators facing a €50 fine. Tourists remain unfazed, and coffeeshops expect increased revenue as customers stay inside longer. The European medical marijuana market is projected to reach over €550 million in sales by the end of this year.

Portfolio Pulse from Joana Scopel

May 22, 2023 | 10:08 pm

PARAA

Paramount Global will merge its streaming services Paramount+ and Showtime on June 27, with the premium tier increasing to $11.99 from $9.99 and the lower-priced tier increasing to $5.99 from $4.99. The standalone Showtime app will be sunset by the end of the year, and the premium Showtime cable-TV network will be rebranded.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:43 pm

SAIA

Saia Inc. has announced the opening of a new Saia LTL Freight terminal in Muncie, Indiana, aimed at enhancing service for customers in central Indiana and improving statewide coverage. The new terminal will add capacity to the network and provide faster service due to closer customer proximity.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:25 pm

ZM

Zoom Video Communications expects its online revenues to reach $480 million in Q2 and remain relatively flat thereafter in FY24, according to a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:22 pm