Streetbeat News

Revenues

BA

Boeing is facing significant financial challenges due to a machinists union strike, leading to temporary furloughs and pay cuts for executives. The strike could cost Boeing $1 billion weekly, with potential cash burn of $3.5 billion if it extends through September. Boeing is implementing cost-saving measures, including a hiring freeze and reduced spending.

Portfolio Pulse from Benzinga Neuro

September 19, 2024 | 2:48 am

SANG

Sangoma Technologies projects its fiscal year 2025 revenue to be between $250 million and $260 million, with first-quarter revenue expected to be between $61 million and $62 million.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:15 pm

FANH

Fanhua reported its H1 earnings with earnings per ADS of $0.01 and total net revenues of $154.55 million.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:08 pm

CORT

Corcept Therapeutics (NASDAQ:CORT) has received varied analyst ratings over the past three months, with a trend towards more bullish sentiments. Analysts have raised their 12-month price targets, with an average target of $50.17, reflecting a 34.4% increase from the previous average. The company's strong revenue growth and efficient cost management are highlighted, although its return on equity is below industry averages.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 9:01 pm

PYPL

Analysts have varied opinions on PayPal Holdings (NASDAQ:PYPL), with recent ratings showing a mix of bullish and indifferent sentiments. The average 12-month price target has increased to $78.62. PayPal's financial performance shows revenue growth but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 9:00 pm

SCS

Steelcase Inc. (NYSE:SCS) shares fell after reporting Q2 earnings that beat expectations but missed on revenue. The company saw growth in the Americas but faced international challenges, particularly in China. Steelcase projects Q3 revenue between $785M and $810M.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 8:56 pm

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) stock has declined by 4% in the last 30 days amid volatility following Nvidia's earnings report. The semiconductor sector, represented by ETFs like SMH and SOXX, also saw declines. Despite geopolitical tensions and a sector selloff, TSM is focusing on AI accelerator growth and localizing neon gas production. TSM reported 33% topline growth in August 2024, driven by smartphone market recovery and Nvidia AI chip demand. Key wins include deals with Google and Apple.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 8:45 pm

RGEN

Repligen will restate its financial statements for 2023 and early 2024 due to a $6.6M understatement but assures no impact on business operations or strategic outlook. The company reaffirms its 2024 revenue guidance, adjusting the fiscal year range to $627M-$642M.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:30 pm

IWM

SPY

The Federal Reserve has cut interest rates by 50 basis points, marking the first reduction in over four years. This move is expected to lower mortgage, credit card, and auto loan rates, potentially boosting consumer spending and home purchases. However, it may also lead to a decline in the US Dollar's value and lower returns on savings and treasuries. The iShares Russell 2000 ETF (IWM) is outperforming the SPDR S&P 500 ETF Trust (SPY) as small-cap stocks benefit from the rate cut.

Portfolio Pulse from Chris Katje

September 18, 2024 | 8:28 pm

NBTX

Nanobiotix reported a significant improvement in its financial performance for the first half of 2024, with a reduced net loss and increased revenue compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:24 pm