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Revenues

MIGI

Mawson Infrastructure Group reported a 65% YoY increase in revenue for September 2024, reaching $4.15M. The company saw significant growth in its energy management and digital colocation businesses. Mawson completed Phase 1 construction at its Ohio facility, aiming to boost capacity to 153 MW.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:49 pm

PPG

American Industrial Partners is set to acquire PPG's U.S. and Canadian architectural coatings business, which generated $2 billion in revenue in 2023. The deal is expected to close by early 2025, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:47 pm

RR

Richtech Robotics Inc. (NASDAQ:RR) has expanded its agreement with Ghost Kitchens America to manage 20 additional Walmart-located restaurants in Arizona, Colorado, and Texas. The company aims to optimize operations using robotics and AI, with each location expected to generate $700K to $2M in annual revenue.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:42 pm

WNS

WNS (Holdings) shares declined following disappointing Q2 revenue results and a reduction in FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:41 pm

ELV

Elevance Health reported Q3 revenues of $44.7 billion, surpassing expectations, but profits fell short due to higher medical costs. The company issued a soft annual outlook, with adjusted EPS guidance lowered to $33.00 from $37.20. ELV stock dropped 12.3% in premarket trading.

Portfolio Pulse from Vandana Singh

October 17, 2024 | 12:36 pm

TNXP

Tonix Pharmaceuticals shares rose after the company received its first contract payment from the U.S. Department of Defense.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:33 pm

SPY

The USA Core Retail Sales for September increased by 0.5%, surpassing the estimated 0.1% and the previous month's 0.2%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:30 pm

SPY

The Philadelphia Fed Manufacturing Index for October reported a value of 10.3, significantly higher than the estimated 4.2. This indicates stronger than expected manufacturing activity in the region.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:30 pm

SPY

Retail sales in the US for September increased by 0.4%, surpassing the estimated 0.3% and the previous month's 0.1% growth. This indicates a stronger consumer spending environment.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:30 pm

ALL

Allstate conducted its annual run-off property-liability reserve review in Q3 2024, resulting in unfavorable reserve reestimates of $58M ($46M after-tax). Additionally, Allstate Brand Auto Insurance saw rate increases, impacting premiums by 2.9% in Q3 and 6.3% year-to-date.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:16 pm