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FUTU

Futu Holdings reported significant growth in Q1 2024, with a 7% YoY increase in daily average revenue trades, a 23.5% increase in paying clients, and an 8.9% increase in margin financing and securities lending balance.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:14 am

FUTU

Futu Holdings reported strong Q1 2024 operational results with significant year-over-year growth in client assets, trading volume, and user base. Total client assets increased by 11.2% YoY to HK$517.9 billion, and total trading volume rose by 9.5% YoY to HK$1.3 trillion.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:12 am

FUTU

Futu Holdings reported significant growth in Q1 2024, with a 23.5% YoY increase in paying clients, a 15.4% YoY increase in registered clients, and a 12.3% YoY increase in total users.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:10 am

NVS

Novartis reported significant Phase III data for Fabhalta (iptacopan) in treating C3 glomerulopathy (C3G), showing a 35.1% reduction in proteinuria compared to placebo. The drug also showed numerical improvement in eGFR over 6 months and a favorable safety profile. C3G is a rare kidney disease with no current treatments, and Fabhalta targets its underlying cause.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:51 am

NVS

Novartis' Phase III data for atrasentan shows a significant reduction in proteinuria, enhancing its IgA Nephropathy (IgAN) portfolio. The ALIGN study demonstrated a 36.1% reduction in proteinuria with atrasentan plus supportive care compared to placebo. This positions Novartis to address the needs of patients with this rare kidney disease.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:49 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is offering Chinese customers a chance to win a free tour of its Fremont factory to boost sales amid declining market share in China and increased US tariffs on Chinese EV imports.

Portfolio Pulse from Anan Ashraf

May 28, 2024 | 7:48 am

ESLT

Elbit Systems (NASDAQ:ESLT) reported Q1 2024 earnings per share of $1.81, surpassing the analyst consensus estimate of $1.35 by 34.07%. The company also reported quarterly sales of $1.554 billion, exceeding the estimate of $1.463 billion by 6.23%. This represents an 11.52% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:41 am

VERA

Vera Therapeutics presented positive 72-week data from its Phase 2b ORIGIN study of Atacicept in IgAN at the 61st European Renal Association Congress, showing eGFR stabilization and rapid hematuria improvement.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:38 am

MOMO

Hello Group (NASDAQ:MOMO) reported Q1 2024 adjusted EPADS of $0.04, missing the estimate of $0.29. However, sales were $354.61 million, beating the estimate of $347.95 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:32 am

SATS

Hughes Network Systems, a subsidiary of EchoStar (NASDAQ:SATS), introduced its Low Earth Orbit (LEO) Electronically Steerable Antenna (ESA) for In-Flight Entertainment & Connectivity (IFEC) at the Aircraft Interiors Expo (AIX). This new technology aims to revolutionize aviation connectivity with high-speed, low-latency internet.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:12 am