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NIO

NIO shares rose following the release of their Q2 financial results and a positive Q3 outlook.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:39 am

KIRK

Kirkland's reported Q2 2024 results with a GAAP EPS of $(1.11), beating the estimate of $(1.31), and sales of $86.29M, surpassing the $84.19M estimate. Despite beating estimates, sales decreased by 3.59% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:33 am

EAST

Eastside Distilling, Inc. (NASDAQ:EAST) announced a merger with Beeline Financial Holdings, Inc., causing its stock to skyrocket 162% in pre-market trading. The merger includes a debt-for-equity swap and asset sale, positioning Eastside in the digital mortgage services industry.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 10:30 am

ABEQ

ACN

IETC

JGRW

KEAT

UL

Accenture and Unilever have expanded their partnership to enhance digital operations using generative AI. This multi-year program aims to set a new industry benchmark for productivity. Unilever will leverage Accenture's GenWizard platform to scale AI applications, which have already shown significant cost savings and efficiency gains. Both companies have seen stock gains over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 10:19 am

VZ

Verizon has reaffirmed its full-year 2024 guidance, projecting at least $500 million in annual run-rate cost synergies. The company expects the deal to be accretive to revenue and adjusted EBITDA growth upon closing.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:04 am

HOFT

Hooker Furnishings reported a Q2 EPS loss of $(0.19), missing the $(0.13) estimate, but sales of $95.08M beat the $93.54M estimate. EPS decreased significantly from last year, while sales saw a slight decline.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:02 am

AWEG

SUPL

XPO

XPO, Inc. shares are down premarket due to a reported 4.6% decline in LTL tonnage per day for August 2024 compared to August 2023. Despite this, the company remains optimistic about margin expansion and yield growth. Investors can also gain exposure through ETFs like SUPL and AWEG.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 9:53 am

NIO

NIO projects Q3 2024 revenue between $2.630B and $2.707B, exceeding estimates, with vehicle deliveries expected to rise by 10% to 13.7% compared to Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 9:39 am

NIO

NIO reported a Q2 adjusted EPADS of $(0.30), beating the estimate of $(0.31). However, sales were $2.40 billion, missing the $2.44 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 9:35 am

AGI

Alamos Gold has announced a high-return development plan for the Puerto Del Aire (PDA) project, with a 46% after-tax IRR and significant exploration upside. The project aims to produce an average of 127,000 ounces of gold annually over the first four years, with low costs and a mine life extended to 2035. The project is expected to be internally funded and has a low execution risk due to its location within existing operations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:27 am