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Revenues

ASPN

Aspen Aerogels plans to fund its second aerogel plant with a proposed loan of up to $670.6 million. The plant is expected to generate $1.2B-$1.6B in revenue, significantly boosting the company's PyroThin® thermal barrier capacity.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:32 pm

SPY

The USA Export Price Index for September decreased by 0.7%, which is a larger decline than the expected 0.4% and follows a previous decline of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:31 pm

MS

Morgan Stanley's CFO, Sharon Yeshaya, anticipates a rise in investment banking activity in the coming quarters, driven by the U.S. presidential election reducing uncertainties and increased IPO demand from private equity firms. The bank is also seeing new deals from stronger ties between its wealth and investment banking divisions.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:29 pm

WISA

WiSA Technologies anticipates a significant revenue increase in Q3 2024, projecting $1M-$1.2M compared to $300K in the previous quarter. This growth is attributed to the production of WiSA HT and WiSA E IP with a major licensee, leading to increased royalty payments and sales of WiSA E-enabled modules.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:29 pm

BLK

BlackRock is in discussions with Mukesh Ambani to establish a private credit venture in India. This move could expand BlackRock's presence in the Indian financial market and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:17 pm

NVDA

NVIDIA's stock surge has significantly increased CEO Jensen Huang's wealth, placing him close to the top 10 richest people globally. Huang's wealth has grown from $32 billion to $121 billion in 2023. To surpass Google's Sergey Brin and enter the top 10, NVIDIA's market cap would need to increase by $571.4 billion, making it the most valuable company worldwide.

Portfolio Pulse from Chris Katje

October 16, 2024 | 12:14 pm

SVC

Service Properties Trust (SVC) has announced a reduction in its quarterly dividend to $0.01 per share, saving $127 million annually. The company also plans to sell 114 Sonesta-managed hotels in 2025 to repay debt, which is expected to save $725 million in capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:09 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) is expanding into AI-driven SaaS with a new platform for app design and monetization, targeting a mid-2025 launch. The company aims to leverage generative AI to simplify mobile app creation, reduce costs, and enhance user engagement. Phunware has seen significant growth in bookings and plans to expand its digital advertising and voter engagement businesses.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:06 pm

MS

Morgan Stanley reported strong Q3 earnings with an adjusted EPS of $1.88, beating expectations. The bank's net earnings rose by 33% to $3.2 billion, and sales increased by 15.9% to $15.38 billion. Institutional Securities and Wealth Management showed significant growth, with total client assets surpassing $7.5 trillion. The stock rose 3.70% in premarket trading.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 12:04 pm

PLD

Prologis reported Q3 2024 earnings per share of $1.43, surpassing the analyst estimate of $1.37. However, its sales of $1.90 billion fell short of the $1.95 billion estimate, despite a 6.75% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:03 pm