Streetbeat News

Revenues

GPI

Group 1 Automotive has acquired Soper of Lincoln BMW/MINI, expected to generate $125 million in annual revenues. This adds to their $3.9 billion in acquired revenues for 2024, following $1.1 billion in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:28 am

LI

Li Auto Inc. reported a significant increase in vehicle deliveries for Q3 2024, with a 45.4% year-over-year growth, reaching 152,831 units. The company also delivered 53,709 vehicles in September 2024, marking a 48.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:16 am

EBAY

eBay is eliminating selling fees for consumer-to-consumer sellers in the UK for domestic transactions, excluding motors. This change was included in their Q2 2024 financial outlook. eBay plans to introduce a buyer-facing fee in the UK in early 2025 with added buyer enhancements.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:14 am

LNZA

LanzaTech is expanding its biorefining platform to produce LanzaTech Nutritional Protein (LNP), a nutrient-rich alternative to plant and animal proteins. This move will allow LanzaTech to enter the growing alternative protein market, diversify its customer base, and expand revenue sources.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:05 am

AYI

Acuity Brands reported its Q4 2024 financial results, with adjusted EPS of $4.30, surpassing the estimate of $4.28. The company's sales also exceeded expectations, reaching $1.032 billion compared to the estimated $1.024 billion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:01 am

NIO

NIO Inc. reported a 35.4% year-over-year increase in vehicle deliveries for September 2024, totaling 21,181 units. The company also set a new quarterly record with 61,855 deliveries in Q3 2024. The launch of ONVO's L60 model contributed to these results.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:32 am

RTX

Pratt & Whitney, a business under RTX, has secured a $1.3 billion contract for the F135 Engine Core Upgrade, enhancing the F-35 engine's durability and capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:23 am

OBE

Obsidian Energy has increased its 2024 production guidance by 15% while cutting capital spending by $15 million. The company plans to reallocate funds towards share buybacks and debt reduction, despite a minor impact on production. This decision is expected to improve financial metrics and provide greater shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:21 am

SSY

SunLink Health Systems reported a significant improvement in Q4 EPS, rising to $0.61 from a loss of $(0.20) year-over-year, despite a slight decrease in sales from $8.01M to $7.91M.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:14 am

LI

Li Auto Inc. reported a significant increase in vehicle deliveries for September 2024, with a 48.9% year-over-year growth, totaling 53,709 vehicles. The company's third-quarter deliveries rose by 45.4% year-over-year, reaching 152,831 vehicles.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:06 am