Streetbeat News

Revenues

ACI

KR

SFM

WMT

JPMorgan's survey reveals narrowing price gaps between Walmart, Kroger, and Albertsons, impacting competitive dynamics. Kroger's price cuts make it more competitive, while Albertsons' price hikes may affect customer loyalty. Investors should monitor pricing strategies as companies adapt to consumer preferences.

Portfolio Pulse from Surbhi Jain

October 10, 2024 | 1:50 pm

DTSS

Datasea Inc. (NASDAQ:DTSS) pre-announced an estimated Q1 2025 revenue of $22.7 million, marking a 230% year-over-year increase. This growth is driven by the expansion of its 5G AI multimodal digital business in China.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:46 pm

NET

NOW

Cloudflare has appointed Chirantan 'CJ' Desai as President of Product & Engineering to drive the company's growth towards $5 billion in annual recurring revenue. Desai brings extensive experience from his previous role at ServiceNow, where he significantly contributed to the company's revenue growth.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:41 pm

GAUZ

Gauzy Ltd. has successfully implemented its Smart-Vision® camera monitor system (CMS) on New York's CDTA buses, replacing traditional side mirrors. The company projects its CMS/ADAS sales to exceed $100 million by 2025, driven by global interest in ADAS technology.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:18 pm

PEP

PepsiCo's latest earnings report shows mixed results with a decline in North American snacking. Despite surpassing earnings estimates, revenue fell short, leading to a lowered full-year organic sales forecast. The company plans to invest in its snack brands and expand its health-conscious offerings.

Portfolio Pulse from Upwallstreet

October 10, 2024 | 1:12 pm

CTRM

Castor Maritime has taken delivery of a 2020-built Kamsarmax bulk carrier named M/V Magic Ariel. The acquisition was financed with cash on hand. The vessel is secured under a time charter contract for a minimum of seven months at 108% of the Baltic Panamax Index 5TC.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:07 pm

DIA

SPY

UUP

September's inflation data showed a slower decline than expected, with core inflation rising unexpectedly. Jobless claims spiked, complicating the Federal Reserve's interest rate outlook. Market reactions included a higher probability of a rate cut, a drop in the U.S. dollar index, and slight declines in major U.S. indices.

Portfolio Pulse from Piero Cingari

October 10, 2024 | 1:07 pm

SNAX

Stryve Foods anticipates a 30%-35% year-over-year growth in net sales for Q3 2024, driven by increased retail consumption. Despite supply constraints due to working capital issues, the company expects improved gross margins despite higher beef prices.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:06 pm

AMZN

Amazon's Prime Big Deal Days 2024 was the company's largest October shopping event ever, with more Prime members participating and over $1 billion saved globally. This marks a strong start to the holiday shopping season.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:03 pm

NXGL

NEXGEL, Inc. (NASDAQ: NXGL) announced preliminary Q3 2024 revenue of approximately $2.85 million, marking a 133% year-over-year increase and a 30% rise over its previous guidance.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 1:01 pm