Streetbeat News

Revenues

KORE

KORE Group has revised its FY24 revenue outlook downward from $300M-$305M to $275M-$285M, which is below the estimated $304.01M.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:38 am

BABA

Alibaba reported its Q1 financial results with notable growth in several segments. The Cloud Intelligence Group saw a 6% year-over-year increase in revenue to $3.65 billion. International Digital Commerce revenue surged by 32% to $4.03 billion, and Cainiao Smart Logistics revenue grew by 16% to $3.69 billion.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:37 am

AIT

Applied Industrial Technologies (AIT) has released its fiscal 2025 guidance, projecting EPS between $9.20 and $9.95, which is below the consensus of $10.14. The company expects total sales to range from a 2.5% decline to a 2.5% increase, with EBITDA margins between 12.1% and 12.3%. The guidance reflects economic uncertainty, potential margin pressures, and does not account for future acquisitions or share buybacks.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:37 am

KORE

KORE Group has announced a Restructuring Plan to prioritize growth initiatives and improve operational efficiency, which includes a reduction in force affecting 19% of its employees. The plan, approved on July 29, 2024, is expected to be completed by December 31, 2024, with estimated costs between $5 million and $6 million. Savings from the reduction will be reinvested into higher-growth and more profitable areas.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:33 am

PHGE

BiomX reported a Q2 EPS of $(0.07), an improvement from $(0.12) year-over-year. The company has a cash balance, short-term deposits, and restricted cash totaling $32.7M as of June 30, 2024, which is sufficient to fund operations through Q4 2025.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:33 am

GGR

Gogoro has lowered its FY24 revenue outlook to $320M-$345M from the previous $385M-$420M, with more than 95% of the revenue expected to be Taiwan-based.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:11 am

GHG

GreenTree Hospitality Group reported Q2 revenue of $45.532 million, a decrease of 20.5% year-over-year. Net income also fell by 38.9% to $8.603 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:08 am

GGR

Gogoro (NASDAQ:GGR) reported a Q2 EPS of $(0.08), a significant decline from $(0.02) YoY, and sales of $80.94M, down 7.22% from $87.25M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:06 am

SIX

Six Flags announced significant investments for 2025, including seven new roller coasters, expanded seasonal events, and new food and beverage offerings. The company also introduced an All Park Passport Add-On for unlimited admission and parking across all its parks.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:01 am

CAN

Canaan Inc. expects its Q3 total revenues to be approximately $73 million, reflecting the company's current and preliminary views on market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:39 am