Latest News for Interups Stock (OTC:ITUP)

Interups Inc is a United States-based company engaged in the business of identifying and investing in business opportunities or transactions either directly or on behalf of its stakeholders, affiliates, associate concerns and clients. It specializes in crafting turnkey solutions involving complex financial and strategic challenges for a diverse set of businesses around the world, including firms, corporations, governments, institutions, partnerships, and individuals. The company also assists emerging and mature but distress clients in their capital, business structuring needs and acquire or invest in them by reviewing, analyzing and modelling various structural alternatives and assisting in their financial and management needs towards growth and turnaround.

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<p>Los Angeles is known for its glitz and glamor. From window shopping to catching a glimpse of Hollywood stars, the City of Angels shines bright and can drive anyone giddy with excitement, especially tourists. But you can do all that and much more without breaking the bank.</p>
<p>In fact, there are several things you can do for free when you're lost in Los Angeles. From free hikes to concerts and treating your eyes to art, the City of Angels can be easy on the pocket.</p>
<h3 class="wp-block-heading"><strong>Free Concerts Throughout Summer</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034536/LA-1-1024x585.jpg" alt="" class="wp-image-333563" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034536/LA-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034536/LA-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034536/LA-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034536/LA-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034536/LA-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of a concert &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p>Los Angeles has free concerts throughout the summer, from June to September. You can catch up on Grand Performances in Downtown L.A., or Off The 405 at Getty Center, and the Summer Sounds Outdoor in West Hollywood.</p>
<p>After all, who doesn't love a great concert that's also free?</p>
<h3 class="wp-block-heading"><strong>Explore The Arts District</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034602/LA-2-1024x585.jpg" alt="" class="wp-image-333564" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034602/LA-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034602/LA-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034602/LA-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034602/LA-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034602/LA-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of the Arts District &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p>If you're an art lover, L.A. is one of the good places to be. The Arts District in Downtown L.A. has dozens of murals and galleries showing off the local vibe.</p>
<p>You can also visit the Institute of Contemporary Art Los Angeles if you run out of murals to admire.</p>
<h3 class="wp-block-heading"><strong>Get The Venice Vibe In LA</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034623/LA-3-1024x585.jpg" alt="" class="wp-image-333565" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034623/LA-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034623/LA-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034623/LA-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034623/LA-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034623/LA-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of the Venice Beach Boardwalk &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p>You don't have to go all the way to Italy to get a glimpse of Venice, you can do so in L.A., thanks to the iconic Venice Beach Boardwalk. Like other parts of the city, you'll find some more art here, too.</p>
<h3 class="wp-block-heading"><strong>Visit The Walt Disney Concert Hall</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034655/LA-4-1024x585.jpg" alt="" class="wp-image-333566" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034655/LA-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034655/LA-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034655/LA-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034655/LA-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034655/LA-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of the Walt Disney Concert Hall &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p>If you're in L.A., you should take advantage of the free 90-minute guided tour of the iconic Walt Disney Concert Hall, too. You can also opt for a self-guided audio tour, and take it up at your pace and leisure. The choice is yours.</p>
<h3 class="wp-block-heading"><strong>Hike At Griffith Park</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034724/LA-5-1024x585.jpg" alt="" class="wp-image-333567" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034724/LA-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034724/LA-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034724/LA-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034724/LA-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034724/LA-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of the Griffith Park &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p>Get your heart pumping and your hike cravings satisfied at Griffith Park. Soak in the breathtaking views of the 4,210-acre terrain that's perfect for hikes, picnics, and more.</p>
<h3 class="wp-block-heading"><strong>Bonus: Hit The Beach</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034752/LA-6-1024x585.jpg" alt="" class="wp-image-333568" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034752/LA-6-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034752/LA-6-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034752/LA-6-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034752/LA-6-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11034752/LA-6.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of a beach &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p>If you're in L.A., you should check out the beaches in Malibu and Venice. From the surfers to quirky sidewalk performers, to bike trails and more, L.A.'s beaches attract 50 million visitors every year and that's for a good reason.</p>
<p><em>Photo courtesy: Unsplash</em></p>


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Explore Los Angeles For Free: From Arts To Beaches And More, Five Must-Do Activities In The City Of Angels

<p><strong>Jim Cramer</strong>, in his latest <strong>CNBC Investing Club</strong> &#8220;Morning Meeting&#8221; livestream, highlighted a chip stock that is poised for a significant upturn.</p>
<p><strong>What Happened</strong>: On Friday, Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; noted that despite the market&#8217;s overbought status, there are still opportunities for investors to capitalize on. Chip stocks, which had a down day on Thursday, saw a broad increase in the final session of the week. This was largely due to the robust April sales figures of <strong>Taiwan Semiconductor Manufacturing Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), a major chipmaker, <a href="https://www.cnbc.com/2024/05/10/cramer-chip-stock-not-on-anyones-radar-but-about-to-break-out-here.html">reported</a> CNBC.</p>
<p>The company&#8217;s monthly business update indicated a sustained demand for artificial intelligence chips. This development led to a rise in the shares of <strong>Nvidia</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), a key customer of TSMC and a leading AI chip designer, by 1.2% on Friday.</p>
<p>He suggested that it might be time to consider trimming strong performers, such as <strong>Procter &amp; Gamble</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), which reached a new all-time high on Friday.</p>
<p><em>See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38752150/who-saw-this-coming-elon-musks-starlink-projected-to-rake-in-6-6b-revenue-this-year?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Who Saw This Coming? Elon Musk&#8217;s Starlink Projected To Rake In $6.6B Revenue This Year As Users Flock To</a></em></p>
<p>Another chip stock that Cramer highlighted was <strong>Broadcom</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), which also has an AI chip business. Despite it not being on anyone&#8217;s radar, Cramer believes that Broadcom is about to break out. The stock, which was trading at around $1,330 per share on Friday, might need to be trimmed when it reaches $1,400 per share.</p>
<p>"Broadcom is not an anybody's radar screen … but Broadcom is going to break out here, and that's the one we may have to trim next when that gets to $1,400 [per share]," Cramer said.</p>
<p>On the other hand, <strong>Alphabet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) was the worst-performing stock in Friday&#8217;s session, with a 1.1% decline. This was attributed to various factors, including a report by Bloomberg News that Alphabet was in talks to acquire <strong>HubSpot</strong>, a provider of customer management relationship software and other marketing tools.</p>
<p><strong>Why It Matters</strong>: Cramer&#8217;s insights into the chip market are particularly noteworthy given his previous comments on the sector. In March, he <a href="https://www.benzinga.com/markets/equities/24/03/37886816/jim-cramer-says-hed-rather-buy-nvidia-a-hundred-points-higher-than-this-ai-stock">expressed a strong preference for Nvidia</a> over other AI stocks, emphasizing the company&#8217;s potential for growth. </p>
<p>Nvidia has also been making significant strides in the tech industry. The company recently unveiled its highly anticipated next GPU, Blackwell, at its <a href="https://www.benzinga.com/news/24/03/37809836/nvidia-reveals-blackwell-gpu-highlights-partnerships-with-top-companies-at-gtc-the-whole-industry-is" target="_blank" rel="noreferrer noopener">GTC artificial intelligence</a> event. Nvidia CEO <strong>Jensen Huang </strong>also highlighted the past, present and <a href="https://www.benzinga.com/news/24/03/37803088/nvidia-gtc-2024-ceo-huang-highlights-the-past-present-and-future-of-ai-a-new-industry-has-emerged" target="_blank" rel="noreferrer noopener">future of AI</a> at the event, emphasizing the emergence of a new industry.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/news/24/05/38729359/hertz-customer-fumes-after-car-rental-company-charges-him-277-for-refueling-tesla-and-refuses-to-rei?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hertz Customer Fumes After Being Billed $277 For &#8216;Refueling&#8217; Tesla, Car-Rental Company Says It Will Refund &#8216;Erroneous&#8217; Charge (UPDATED)</a></em></p>
<p><em>Photo: Shutterstock</em></p>


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Amid Nvidia Craze, Jim Cramer Sees A Chip Stock 'Not On Anyone's Radar' About To Break Out: Here's What He Said

<p>Every year, there are very few occasions when we get the chance to express our love toward our parents, and Mother's Day is one of them. This year, instead of simply buying flowers (which is always a good idea), consider gifting something more unique and thoughtful to your mother.&nbsp;</p>
<p>Here are five gift ideas that will definitely make your mom feel truly loved and appreciated:&nbsp;</p>
<p><strong>Subtle Birthstones: Jewelry With A Touch Of Personalization&nbsp;</strong></p>
<p>While jewelry is a popular gift item, it doesn't always have to be something expensive or big. A piece of subtle birthstone jewelry, whether it's a necklace or an earring, is not only timeless but also something that your mom will cherish forever.</p>
<p><figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11095709/DALL%C2%B7E-2024-05-11-19.26.48-A-minimalist-horizontal-image-showcasing-a-very-subtle-piece-of-birthstone-jewelry.-The-focus-is-on-a-fine-silver-chain-necklace-with-a-tiny-unobtru-1024x585.webp" alt="" class="wp-image-333676" /><figcaption class="wp-element-caption"><em>Representational image of a subtle piece of jewelry  &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p><strong>Luxurious Home Fragrances: Perfect For Destressing And Feel Good Environment&nbsp;</strong></p>
<p>Home fragrances are not something that you would want to gift to your mother. However, once you transform her living space into a tranquil oasis, somewhere she can be surrounded by good comforting scents, the smile on her face will be worth the risk.&nbsp;</p>
<p><figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11095920/DALL%C2%B7E-2024-05-11-19.28.38-A-luxurious-and-serene-horizontal-scene-depicting-a-living-room-transformed-into-a-tranquil-oasis-by-home-fragrances.-The-focus-is-on-a-beautifully-ar-1024x585.webp" alt="" class="wp-image-333677" /><figcaption class="wp-element-caption"><em>Representational image of a living room transformed into a tranquil oasis &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p><strong>Homemade Coupon Book: Why Stop At Just One Gift&nbsp;</strong></p>
<p>If you are looking for a last-minute gift idea, creating a homemade coupon book is your best bet. Give your mother coupons that she can redeem anytime in exchange for treats and favors from you. You can write anything on these coupons such as an impromptu movie night, a day off from chores, a day of pampering, or a breakfast in bed.</p>
<p><figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11100154/DALL%C2%B7E-2024-05-11-19.31.31-A-creative-and-colorful-horizontal-scene-showing-a-homemade-coupon-book-as-a-unique-gift.-The-focus-is-on-a-beautifully-crafted-coupon-book-open-to-d-1024x585.webp" alt="" class="wp-image-333678" /><figcaption class="wp-element-caption"><em>Representational image of a homemade coupon book &#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p><strong>Online Class Or Workshop: Because Learning Never Stops</strong></p>
<p>Our parents are gradually getting old, but that does not mean they don't have the same passion to learn something new. Encourage your mother to enroll in a new online class or workshop of her choosing. Whether she is interested in painting, gardening, photography, or cooking, the world is her oyster.</p>
<p><figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11100337/DALL%C2%B7E-2024-05-11-19.33.25-A-vibrant-and-inspiring-horizontal-scene-depicting-a-mother-engaged-in-an-online-class-or-workshop.-The-setting-shows-a-middle-aged-Hispanic-woman-sit-1024x585.webp" alt="" class="wp-image-333679" /><figcaption class="wp-element-caption"><em>Representational image of a mother taking online class&#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p><strong>Fitness Subscription Box: Prioritize Her Health And Wellness&nbsp;</strong></p>
<p>Self-care boxes are all good and mushy, but if you want to actually give your mother something that will help her prioritize overall well-being, gift a fitness subscription box. You can fill this box with workout gear, fitness accessories, healthy snacks, and educational resources like access to online workout classes, fitness magazines, and more.</p>
<p><figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/11100449/DALL%C2%B7E-2024-05-11-19.34.07-A-dynamic-and-motivational-horizontal-scene-showcasing-a-fitness-subscription-box-designed-for-health-and-wellness.-The-setting-features-a-fitness-sub-1-1024x585.webp" alt="" class="wp-image-333681" /><figcaption class="wp-element-caption"><em>Representational image of a fitness subscription box&#x7C; Image generated using Dall-E</em></figcaption></figure></p>
<p><em>Image Via Shutterstock</em></p>


This Mother's Day Want To Surprise Your Mom In Style? 5 Gift Ideas That Will Make Her Day Memorable

<p><strong>Max Fu</strong>, the visionary CEO behind <strong>9 Lives Interactive</strong>, is redefining the landscape of web3 gaming with his groundbreaking title, <strong>Nyan Heroes</strong>.&nbsp;In a recent interview, Fu shared insights into the game&rsquo;s ambitious vision and its remarkable journey in the gaming industry.</p>
<h4>Shaping the Future with Nyan Heroes</h4>
<p>Nyan Heroes, a team-based hero shooter, features small cats piloting giant mechs. The game combines traditional gaming elements with the innovative use of blockchain technology, aiming to create a unique and engaging experience for players. Fu&#39;s vision is clear: &ldquo;We want to establish ourselves as one of the flagship games in Web3, specifically for the high-end, mid-core to hardcore gamer vertical.&quot;</p>
<p>The game has already made significant strides in capturing the attention of gamers worldwide.</p>
<p>&ldquo;We recently had our pre-alpha demo launch through Epic Games ... We ended up in the top 30 most played games globally on the Epic Play Store which was amazing,&rdquo; Fu recounted.</p>
<p>This achievement places Nyan Heroes alongside industry giants, showcasing its potential to revolutionize gaming standards.</p>
<p><em>See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38469868/kind-hosts-massive-126k-attendee-web3-online-party-in-pixels">Kind Hosts Massive 126K-Attendee Web3 Online Party In Pixels</a></em></p>
<h4>Integration of Blockchain Technology</h4>
<p>Integrating blockchain into Nyan Heroes is not just a technical decision but a strategic move to enhance player ownership and engagement. Fu explained his personal motivation for adopting blockchain, drawing from his childhood experiences with collecting cards.</p>
<p>&ldquo;It unlocks this subconscious feeling that this is yours...that is really powerful,&rdquo; he said.</p>
<p>This nostalgic element is central to Fu&rsquo;s philosophy of giving players a sense of permanent ownership over their digital assets, a novelty in today&rsquo;s ephemeral gaming landscapes.</p>
<h4>Challenges and Opportunities</h4>
<p>However, integrating blockchain into gaming is not without challenges. Fu elaborated on the difficulty of appealing to diverse user bases with different expectations.</p>
<p>&ldquo;The challenge...is figuring out how we can appeal or capture the attention of two divergent user bases,&rdquo; Fu admitted, highlighting the balancing act required to cater to both traditional gamers and web3 enthusiasts.</p>
<p><em>See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38115997/exclusive-foonie-magus-founder-unveils-apeirons-vision-and-launch-of-aprs">EXCLUSIVE: Foonie Magus Founder Unveils Apeiron&#39;s Vision And Launch Of APRS</a></em></p>
<h4>Commitment to Social Causes</h4>
<p>Beyond technological innovations, Nyan Heroes is committed to making a real-world impact. The game studio has donated over $350,000 to animal rescue organizations, reflecting Fu&rsquo;s personal passion for cat welfare.</p>
<p>&ldquo;This is something that is obviously very close to my heart...we&#39;ve donated over $350,000 to the cause so far,&rdquo; Fu shared, emphasizing the game&rsquo;s role in supporting charitable causes.</p>
<h4>Looking Ahead</h4>
<p>As Nyan Heroes continues to develop and expand, Fu remains optimistic about its future and the broader impact it can have on the gaming industry. With a vision that combines high-quality gameplay, innovative technology&nbsp;and social responsibility, Fu&rsquo;s Nyan Heroes is set to be a significant player in the evolving narrative of modern gaming.</p>
<p>Nyan Heroes&rsquo; unique combination of engaging gameplay, cutting-edge technology&nbsp;and a commitment to social impact positions it as a standout project in the crowded web3 space, promising an exciting future ahead under Max Fu&#39;s leadership.</p>
<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" frameborder="0" height="315" src="https://www.youtube.com/embed/EBewUVKAX0M?si=vWqse3Tz0oTOtoax" width="560"></iframe></p>


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EXCLUSIVE: Max Fu's Nyan Heroes: Pioneering the Next Frontier in Web3 Gaming

<p><br />Reports suggest that South Carolina Governor Nikki Haley, who <a href="https://www.benzinga.com/news/24/03/37505302/nikki-haley-to-withdraw-from-2024-presidential-race-paves-way-for-trumps-gop-victory-report">withdrew from the 2024 Republican primary</a> in early March after Super Tuesday, may be back in the spotlight, though not necessarily for the top job in the country.</p>
<p><strong>What Happened: </strong>Former President <strong>Donald Trump&#8217;s </strong>campaign actively considered the former South Carolina governor for the vice presidency, Axios <a href="https://www.axios.com/2024/05/11/trump-moves-haley-off-blacklist-2024-election">reported</a> on Saturday, citing two people familiar with the matter. Despite chilly relations between the two, Trump could give the nod if he were convinced Haley could help him secure a win in the 2024 presidential race, help him escape a prison sentence and cover his many legal bills, the report said.</p>
<p>Republicans close to both sides reportedly feel that it is in their best interest to reconcile despite their divergent views on several key issues and their bitter fight in the primaries.</p>
<p><em>See Also: <a href="https://www.benzinga.com/news/24/05/38753402/biden-vs-trump-key-swing-state-voters-give-big-lead-to-one-candidate-despite-ranking-him-down-on-cri">Biden Vs. Trump: Key Swing State Voters Give Big Lead To One Candidate, Despite Ranking Him Down On Critical Election Issues</a></em></p>
<p><strong>Why It&#8217;s Important: </strong>Trump&#8217;s team may have been swayed by Haley&#8217;s fundraising prowess, the report said, adding that the former president&#8217;s campaign has not been as successful as his Democratic rival&#8217;s on that front. Trump is confronting the possibility of paying millions of dollars in fines due to his numerous federal and state lawsuits.</p>
<p>Additionally, the inclusion of Haley in Trump&#8217;s team could assist the presidential hopeful in gaining support from a demographic segment where he currently lacks significant influence, as per the report. The former U.S. representative to the U.N. had huge support from college-educated GOP voters during her campaign and even after she dropped out.</p>
<p>Supporting this argument are the results of the GOP primary election held in Indiana this week, where Haley captured over 21% of the votes despite officially being out of the contention. The state permitted Democrats and independents to participate in the GOP primary.</p>
<p>Haley&#8217;s decision to become Trump&#8217;s running mate could be pivotal, as the Republican voter base may view unfavorably her refusal to endorse Trump if he loses the Nov. 5 election, according to the report. Such a move could potentially hinder any future presidential campaign by her.</p>
<p>Incidentally, in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/112423102502717689">post</a>,Trump quashed the rumors, saying, &#8220;Nikki Haley is not under consideration for the V.P. slot, but I wish her well!&#8221;</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Amazing stuff here. <a href="https://t.co/UkKEAZ1ys1">pic.twitter.com/UkKEAZ1ys1</a></p>
<p>&mdash; Maggie Haberman (@maggieNYT) <a href="https://twitter.com/maggieNYT/status/1789314173563777128?ref_src=twsrc%5Etfw">May 11, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>A separate Wall Street Journal report citing a person close to Haley <a href="https://www.wsj.com/politics/elections/nikki-haley-is-huddling-with-donors-and-wont-endorse-donald-trump-yet-052d3d0f">said</a> that she will meet with about 100 of her biggest donors on Monday and Tuesday in Charleston, South Carolina and thank them. She, however, isn&#8217;t planning to discuss her political future or encourage them to give to other campaigns.</p>
<p>The former South Carolina governor is attending a retreat in Charleston, S.C., on Monday and Tuesday to thank about <a href="https://www.benzinga.com/news/24/01/36861163/citadel-ceo-ken-griffin-backs-nikki-haley-with-5m-super-pac-donation">100 of her biggest donors, </a>a person close to Haley told The Wall Street Journal. She isn't expected to discuss her political future or encourage them to give to other campaigns.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/best-penny-stocks">Best Penny Stocks</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Politics

Media

Donald Trump Says Nikki Haley 'Not Under Consideration' For VP Role Amid Rumors: 'I Wish Her Well'

<p><strong>Canadian Solar, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csiq#NASDAQ">CSIQ</a>) reported first-quarter 2024 earnings of 19 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 34 cents. However, the bottom line declined 84% from the first-quarter 2023 reported figure of $1.19 per share.</p>
<h3>Revenues</h3>
<p>Canadian Solar reported revenues of $1.33 billion in the first quarter, which surpassed the Zacks Consensus Estimate by 4.2%. However, the top line declined 21.9% from the year-ago quarter&#39;s figure of $1.70 billion. This decrease was primarily due to a decline in the average selling price for CSIQ&#39;s modules.</p>
<div class="chart_embed">
<h3>Canadian Solar Inc. Price, Consensus and EPS Surprise <a href="https://www.zacks.com/stock/chart/CSIQ/price-consensus-eps-surprise-chart?icid=chart-CSIQ-price-consensus-eps-surprise-chart"> <img alt="Canadian Solar Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/cd/1715340524.png" style="height:265px; width:577px" title="" /> </a></h3>
<p>Canadian Solar Inc. price-consensus-eps-surprise-chart | Canadian Solar Inc. Quote</p>
</div>
<h3>Operational Update</h3>
<p>Solar module shipments in the quarter totaled 6.3 gigawatts (GW), which came within the company&#39;s earlier announced guidance range of 6.1-6.4 GW. This includes 236 megawatts of the company&#39;s utility-scale solar power projects. Total module shipments increased 4% on a year-over-year basis.<br />
Canadian Solar&#39;s gross margin was 19% in the quarter, which remains at the high end of the 17%-19% guidance range. The gross margin improved 30 basis points year over year, driven by lower manufacturing costs and a higher margin contribution from battery energy storage solutions sales.<br />
Total operating expenses were $204 million, up 18.6% year over year.<br />
Depreciation and amortization charges were $110 million, up from the $68 million recorded in the year-ago period. The increase was due to the company&#39;s continued investments in vertical integration and incremental capacity expansion.</p>
<h3>Financial Update</h3>
<p>As of Mar 31, 2024, Canadian Solar&#39;s cash and cash equivalents totaled $2.08 billion, up from $1.94 billion on Dec 31, 2023.<br />
Long-term borrowings as of Mar 31, 2024 were $1.59 billion, up from $1.27 billion on Dec 31, 2023.</p>
<h3>Q2 Guidance</h3>
<p>For the second quarter of 2024, Canadian Solar expects total module shipments in the range of 7.5-8.0 GW, including approximately 100 MW of module shipments for its projects.<br />
Total revenues are expected in the range of $1.5-$1.7 billion. The Zacks Consensus Estimate for second-quarter sales is pegged at $2.08 billion, much higher than the company&#39;s guided range.<br />
The company expects gross margin to be between 16% and 18%.<br />
Total battery energy storage shipments by CSI Solar in the second quarter are expected between 1.4 gigawatt-hours (GWh) and 1.6 GWh.</p>
<h3>Zacks Rank</h3>
<p>Canadian Solar currently carries a Zacks Rank #3 (Hold).</p>
<h3>Recent Solar Releases</h3>
<p><strong>Enphase Energy, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from $1.37 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 42 cents per share by 16.7%.<br />
ENPH&#39;s first-quarter revenues of $263.3 million missed the Zacks Consensus Estimate of $284 million. The top line also declined 63.7% from the prior-year quarter&#39;s reported figure of $726 million.<br />
<strong>Sunnova Energy</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nova#NYSE">NOVA</a>) reported a first-quarter 2024 loss of 57 cents per share, highlighting an improvement from the loss of 70 cents per share reported in the prior-year quarter. The bottom line also came in narrower than the Zacks Consensus Estimate of a loss of 79 cents per share.<br />
NOVA&#39;s first-quarter revenues of $160.9 million missed the Zacks Consensus Estimate of $198 million. The top line also slipped 0.5% from the prior-year quarter&#39;s reported figure of $161.7 million.<br />
<strong>SolarEdge Technologies, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) reported a first-quarter 2024 adjusted loss of $1.90 per share, wider than the Zacks Consensus Estimate of a loss of $1.58. The bottom line also deteriorated from the prior-year quarter&#39;s reported earnings of $2.90 per share.<br />
The company&#39;s quarterly revenues of $204.4 million surpassed the Zacks Consensus Estimate by 4.9%. However, the top line declined 78.3% from the year-ago quarter&#39;s figure of $943.9 million.</p>
<p><a href="https://www.zacks.com/stock/news/2271997/canadian-solar-csiq-q1-earnings-beat-revenues-fall-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2271997">To read this article on Zacks.com click here.</a></p>


Earnings

Earnings Beats

Penny Stocks

Guidance

Small Cap

CSIQ

ENPH

NOVA

SEDG

Canadian Solar Q1 Earnings Beat, Revenues Fall Y/Y

<div>The EBITDA losses keep piling up quarter after quarter at Uber Freight, but President Lior Ron offered nothing but optimism in an earnings preview interview, saying the integration between the legacy digital brokerage with Transplace is mostly complete and its future is looking up.</div>

<p><strong>Uber</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) Freight's earnings before interest, taxes, depreciation and amortization for the first quarter, released Wednesday as part of the parent company's earnings report, showed a loss of $21 million. That is $2 million better than the first quarter of 2023 but worse than every other quarter of 2023 as well as the fourth quarter of 2022. In 2022's third quarter, Uber Freight posted positive EBITDA of $1 million, the only quarter it has ended up in the black on an EBITDA basis.</p>

<p>Among other highlights in the quarterly earnings report, Uber Freight's revenue declined 8% to $1.28 billion, down from $1.4 billion. That revenue was flat sequentially.</p>

<p>Uber Freight announced its acquisition of Transplace in 2022, bringing together a leading provider of transportation management system technology with the digital brokerage. Despite the continued EBITDA losses, Ron said in the interview that the progress envisioned when the acquisition was made is on track.<br /><script type="text/javascript">
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<p>"We are the largest transportation management and TMS provider in the industry" Ron said, measuring that by what he said was $18 billion of freight under management.</p>

<p>And even though the losses are growing rather than retreating, Ron said he likes where Uber Freight is now. "More than half the business has a very stable and growing revenue stream" he said. "It is more a SaaS (software-as-a-service)-like business that is completely separate from the ebbs and flows of marketplace pricing that brokerages are exposed to."</p>

<h2 id="h-highlighting-the-differences-with-convoy">Highlighting the differences with Convoy</h2>

<p>Prior to the collapse of digital brokerage Convoy last year, it was hard not to think of that company without immediately thinking of Uber Freight as the leading pair of digital brokerages. Ron acknowledges it but bristles at the comparison and pushes back quickly.</p>

<p>He again referred to the SaaS analogy and said Uber Freight's model "has nothing to do with pricing going up or pricing going down."<br /><script type="text/javascript">
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<p>As a result of the transportation management capabilities of Transplace, Ron said, Uber Freight has a 96% retention rate with TMS customers. The relationships that develop as a result of that are "much more strategic with big Fortune 500 companies than any broker can ever aspire to because you are essentially their trusted logistics adviser." Being able to "upsell" various services through the capabilities for the legacy Transplace business "is not comparable to any broker" Ron said.</p>

<p>Those ties with a wider variety of shippers due to TMS capabilities and more midmarket truckload carriers because of the wide adoption of the Uber Freight platform, Ron said, mean Uber Freight can reduce its exposure to the larger enterprise customers, "who are going to be the most demanding in a market cycle like this one."</p>

<p>Asked if the structure of Uber Freight could be viewed as the brokerage activities of the company primarily supporting the transportation management activities, with the latter more of the company's core, Ron demurred and said the two businesses are supporting each other.</p>

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<h2 id="h-the-level-of-integration">The level of integration</h2>

<p>He said Uber Freight is "80% integrated" and "it's playing out exactly or even exceeding our expectations." He conceded there was no firm way to measure that 80%, but that it largely meant "we've done a lot of the hard stuff and we still have a lot of opportunity here."</p>

<p>"We've built the largest virtual fleet in the industry" Ron said, putting the number of truck owners who have downloaded the Uber Freight app at more than 2 million. "The market will continue to be more efficient as we continue to tap into the long tail of supply."</p>

<p>Uber Freight announced its acquisition of Transplace in 2022, bringing together a leading provider of TMS technology with the digital brokerage. Despite the continued EBITDA losses, Ron said the progress envisioned when the acquisition was made is on track.</p>

<p>In the interview prior to this month's earnings report, he said being part of a public company helps give Uber Freight "the ability to control our own destiny and invest for the long term while of course balancing the short-term needs of the business."</p>

<p>A public company's ability to access capital can be seen in the TMS technology investment announced last fall, Ron said, and going further back, in the $2.25 billion it spent to acquire Transplace.<br /><script type="text/javascript">
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<p>Uber Freight announced last fall major improvements to its suite of offerings, driven by technology including AI. In a press briefing held at the same time as Uber Freight's Deliver user conference, Ron said the efforts led Uber Freight to "really reimagine what would it mean to mobilize the TMS system and take that to the next level." He said that the user interface was "super intuitive and super easy to use."</p>

<p>Ron hinted during his latest interview that new announcements of technological advances may be coming within weeks.</p>

<p>"It's really thinking about how to build a single carrier engagement platform so they can tap into the network" he said of what might be coming soon. What both sides of the divide between the carriers using the Uber Freight app and the shippers securing that capacity and using the Uber Freight TMS want is "volume and opportunities" he said. </p>

<p>It's been awhile since questions were raised about whether Uber Freight fit in the Uber portfolio. It's not an afterthought, but a transcript of the Wednesday call with analysts shows no questions on the call about Uber Freight.</p>

<p>Ron said recent hires out of key competitors show the parent company is committed to Uber Freight. Those hires include Dan Annunziata out of <strong>C.H. Robinson</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>). When Greenbriar Equity took a $500 million stake in Uber Freight in 2020, Ron declared at the time that Uber Freight was "here for the long haul."</p>

<p>The post <a href="https://www.freightwaves.com/news/more-ebitda-losses-at-uber-freight-but-ron-touts-brokerage-tms-integration">More EBITDA losses at Uber Freight but Ron touts brokerage-TMS integration</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

CHRW

UBER

More EBITDA Losses at Uber Freight but Ron Touts Brokerage-TMS Integration

<div>The regulation-driven purchase of commercial electric trucks carry a lot of unknowns. One of the biggest is their residual value, or how much they will be worth as trade-ins.</div>

<p>Rich Mohr, senior vice president of North America ChargePoint, said the past is a prelude for what is happening with first-generation electric trucks.</p>

<h2 id="h-depreciating-electric-trucks-to-scrap-value"><strong>Depreciating electric trucks to scrap value</strong></h2>

<p>"Three years ago, the biggest risk around fleets adopting electric vehicles was the residual value and the [anticipated] life of those vehicles" Mohr told me. "Every single fleet [was] depreciating these things down to nothing because we have no clue what they're going to be worth."</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/09/051024-TT117-ChargePoint-LD-fleet-1200x675.png" /></p>

<p>Determining the residual value of electric vehicles takes several production cycles and contributes to slow adoption. (Photo: ChargePoint)</p>

<p>The same situation applied to electric cars until recently. Enough used EVs are showing up in Carvana towers, CarMax and dealer lots that establishing residuals is getting easier as shoppers are revealing what they're willing to pay.<br /><script type="text/javascript">
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<p>A lot of early adopters of EVs got stuck financially when they wanted to trade in their cars. The same could happen with early adopters of Class 4-8 electric trucks. Class 1-3 trucks have some protection because of a larger secondary customer base.</p>

<p>"I expected the residual values of electric vehicles to fall dramatically in the first-, second- and third-generation production cycles" Mohr said. "The cost of that vehicle to produce in the first two generations is going to be the highest. Any commercial OEM that's producing an electric vehicle is still in that first generation of production or just entering into the second generation." </p>

<h2 id="h-meaningful-residual-setting-for-electric-trucks-3-to-4-years-out"><strong>Meaningful residual setting for electric trucks 3 to 4 years out</strong></h2>

<p>Longer purchase cycles — typically four to seven years — for trucks suggests meaningful residual-setting market data on current purchases is three or four years out.</p>

<p>"Who knows right now?" Mohr said.<br /><script type="text/javascript">
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<p>"If the vehicles really get the lifecycle that we expect them to, really get the maintenance costs we're anticipating and really get the [expected] lower fuel costs, there's no transportation manager that's going to say ‘I don't want the vehicle'."</p>

<p>But anecdotal evidence is mounting that costs associated with using electric trucks are higher than projected. The latest comes from <strong>Ryder System Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) — Mohr's former employer — which looks at the costs of converting. </p>

<p>We'll take a closer look at that study next week in Truck Tech with Karen Jones<strong>,</strong> Ryder's executive vice president, chief marketing officer and head of new product development.</p>

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<p>For more with Mohr, click on this week's "Catching up with …" video segment below. For his take on other electrification subjects, keep reading.</p>

<div><iframe height="281" src="https://www.youtube.com/embed/lq3T_-hk8vs?feature=oembed" width="500"></iframe></div>

<p>Rich Mohr, senior vice president of North America ChargePoint</p>

<h2 id="h-commercial-truck-charging-at-home-is-a-thing"><strong>Commercial truck charging at home is a thing</strong></h2>

<p>The slow rollout of electric truck charging infrastructure is leading some electric fleet operators to let drivers charge at home and get reimbursed for their electricity. ChargePoint wants to be, ahem, a conduit to this.</p>

<p>"My ultimate goal was to work with current fleets without them having to abandon their own fleet software, their own TMS [Transportation Management System], their own maintenance system, their own telematics" Mohr said. </p>

<p>Companies shouldn't pay extra "just because they added an electric vehicle with a whole other independent system."</p>

<p>Mohr spent 19 years in a variety of roles, including chief technology officer, at Ryder before moving to ChargePoint in February 2021, where he initially led global fleet operations.<br /><script type="text/javascript">
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<h2 id="h-keeping-track-of-charging-costs"><strong>Keeping track of charging costs</strong></h2>

<p>"I never wanted to come over to ChargePoint and say ‘I've got to invest all this stuff,'" he said. That's why ChargePoint software can facilitate reimbursement for home or depot charging and, increasingly, on-route public charging.</p>

<p>The $650 million-plus Greenlane public truck charging joint venture by Daimler Truck North America, BlackRock Climate Infrastructure and NextEra Energy Inc. will likely be a catalyst for Class 8 on-route charging.</p>

<p>Home charging is limited to Class 2 or Class 3 vehicles capable of recharging on a 240- or 110-volt circuit. ChargePoint can integrate with popular fuel cards or create a reimbursement record for the fleet.</p>

<p>"It should work just like it does [for] unleaded [gasoline] or diesel vehicles" Mohr said. "Whether it goes through WEX or whether we have to report to the company the reimbursement, we don't care. It just has to work. I want it to be as quick and painless as possible to get an EV."</p>

<h2 id="h-mohr-public-charging-uptime-reliability-better-than-people-think"><strong>Mohr: Public charging uptime reliability better than people think </strong></h2>

<p>While the charging infrastructure for commercial trucks is in its infancy, reports of spotty or worse reliability for public charging stations for passenger vehicles gets cited as a factor in the slowing adoption of electric vehicles.</p>

<p>Mohr doesn't see it. He points to investments by ChargePoint and its competitors like EVgo, Electrify America, Blink and others.</p>

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<p>"I think the whole network is getting better in the U.S." he said. "The utilization of the current network and our roaming partners is at an all-time high because more vehicles are using the network. <a href="https://www.evgo.com/"> </a></p>

<p>Still, Mohr acknowledges public uptime reliability trails the 99% uptime of chargers in ChargePoint's direct control. Service level agreements are impacted by what operators cannot see.</p>

<p>"You can't pick up on every cracked screen and every cut cable" he said. "If the SIM card is down on the network's down, the payment [system is] broken or there's zero energy charge, we file tickets and repair those chargers right away.</p>

<p>"If it's in a multifamily parking garage and I can't get a service technician in there because a property manager won't reply, I can't just barge into the facility and cut power off at the panel."</p>

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<h2 id="h-planned-arizona-hydrogen-hub-could-shrink"><strong>Planned Arizona Hydrogen hub could shrink </strong></h2>

<p>Fortescue Future Industries has renamed Nikola's former hydrogen hub Arizona Hydrogen. But the 80 megawatt project to make green hydrogen from electrolyzers faces downsizing because rules under consideration by the Biden Administration could drive costs dramatically higher.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/09/051024-TT117-Fortescue-Arizona-Hydrogen.jpg" /></p>

<p>Rendering of the planned 80-megawatt green hydrogen hub in Buckeye, Arizona. (Image: Fortescue)</p>

<p>"I support the Biden Administration's goal to produce hydrogen in a way that prioritizes sustainability. However [the tax credit], in its current form, is a straitjacket on the industry and works against the Biden Administration's own climate goals" Andrew Forrest, Fortescue executive chair and founder, said in a May 3 statement.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/09/051024-Fortescue-Executive-Chair-Andrew-Forrest-1200x800.jpg" /></p>

<p>Andrew Forrest, executive chair and founder of Fortescue Future Industries, speaks at the soil turning for the Arizona Hydrogen hub. (Photo Fortescue)</p>

<p>Australia-based Fortescue originally partnered with Nikola on the hydrogen hub in Buckeye, Arizona. Cash-strapped Nikola sold its interest to Fortrescue, a major iron ore and green energy producer, for $24 million in July 2023. </p>

<p>Nikola in February restructured an agreement with Norway-based hydrogen equipment Nel, which will become Fortescue's supplier of electrolyzers, including some delivered to Nikola in 2020. Nikola received about $11 million for the equipment. It paid more than $30 million.</p>

<p>The 158-acre Arizona Hydrogen facility is part of Fortescue's $550 million investment in making green hydrogen in the U.S. Arizona Hydrogen expects to produce up to 11,000 tons of liquid green hydrogen annually, significantly contributing to the decarbonization of the heavy-duty on-road transportation sector.</p>

<h2 id="h-truck-tech-episode-no-65-daimler-marries-autonomous-and-electric-truck-technologies"><strong>Truck Tech episode No. 65: Daimler marries autonomous and electric truck technologies</strong></h2>

<div><iframe height="281" src="https://www.youtube.com/embed/Ow3z13Win7I?list=PLVi2PdlRdiSpjv3WSrEwb-j4qH7ezOEEs" width="500"></iframe></div>

<p>Joanna Buttler, head of Daimler Truck Global Autonomous Technology Group</p>

<h2 id="h-briefly-noted">Briefly noted …</h2>

<p><strong>Motiv Power Systems</strong> is calling out its success in the electric step van market, claiming 10 of the top 20 medium-duty fleets nationwide and a 45% market share in California. The company also has completed delivery of 55 electric trucks to Purolator, the first Canadian courier to launch fully electric curbside delivery trucks nationally.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/09/051024-TT117-Motiv-Purolator-1200x800.jpg" /></p>

<p>Motiv Power Systems Autonomous says it has 45% of the electric step van market in California and recently completed a 55-truck delivery to Purolator in Canada. (Photo: Motiv Power Systems)</p>

<p>Vehicle lidar maker<strong> Luminar</strong> will take a $6 million to $8 million charge to cover the cost of laying off 20% — or at least 147 employees, according to TechCrunch — of its workforce. </p>

<p><strong>Amazon </strong>is deploying the first of a dozen<strong> Volvo VNR Electric</strong> trucks operated by<strong> J.B. Hunt</strong> in California's ports of Los Angeles and Long Beach, charging them at an offsite <strong>Forum Mobility</strong> depot. Another 38 VNRs will carry packages between Amazon facilities.</p>

<p>Speaking of the VNR Electric,<strong> 4 Gen Logistics</strong> is now operating 41 of the Class 8 battery-powered trucks it ordered from Volvo in 2022.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/09/051024-TT117-4-Gen-Volvo-VNR-Electric-trucks-1200x675.jpg" /></p>

<p>4 Gen Logistics is now operating 41 Volvo VNR Electric trucks in California. (Photo: Volvo Trucks North America)</p>

<h2 id="h-healthy-payday">Healthy payday</h2>

<p>Finally this week, <strong>Paccar </strong>Inc. CEO Preston Feight had a really nice year. His total compensation, including $5.2 million in long-term incentive cash, totaled nearly $21 million. The average salary of Paccar's 30,000 employees was $93,387. Feight earned 224 times as much as the typical worker.</p>

<p>Separately on Tuesday, Feight sold 33,850 Paccar shares at a weighted average price of $106.177, totaling nearly $3.6 million. He also exercised options at a price of $61.26 per share, amounting to about $2.2 million. Feight still directly holds 154,430 Paccar shares.</p>

<hr />

<p>The post <a href="https://www.freightwaves.com/news/unraveling-the-mystery-of-electric-trucks-residual-values">Unraveling the mystery of electric trucks' residual values </a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

Global

Unraveling the Mystery of Electric Trucks' Residual Values

<p><strong>Canoo Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goev#NASDAQ">GOEV</a>) is scheduled to release first-quarter 2024 results on May 14, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter&#39;s loss per share and revenues is pegged at 86 cents and $1.45 million, respectively.<br />
The consensus mark for Canoo&#39;s first-quarter loss per share has narrowed by $1.21 in the past 60 days. The electric vehicle&nbsp;maker&#39;s bottom-line estimates imply growth of 78.01% from the year-ago reported figure. In the last reported quarter, it posted a net loss of $1.73 per share, narrower than the Zacks Consensus Estimate of a loss of $1.78 and the year-ago loss of $5.98.</p>
<h3>Earnings Whispers</h3>
<p>Our proven model does not conclusively predict an earnings beat for GOEV. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as elaborated below.<br />
<strong>Earnings ESP: </strong>Canoo has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate is in line with the Zacks Consensus Estimate.<br />
<strong>Zacks Rank:</strong> GOEV currently sports a Zacks Rank #1.</p>
<h3>Things to Note</h3>
<p>Canoo&#39;s upbeat 2024 outlook sparks optimism. The company expects annual revenue for 2024 in the range of $50-$100 million, up from $886,000 reported in 2023. Jazeera Paints plans to integrate GOEV&#39;s 20 EVs into its fleet in 2024, with the potential to scale up by adding up to 180 vehicles. The company&#39;s Oklahoma City Manufacturing facility is anticipated to deliver up to $70 million in vehicle cost savings and duty deferrals in 2024 and 2025.<br />
The EV maker incurred a loss from operations of $63.9 million and $267.8 million in the fourth quarter and 2023, narrower than the loss of $83.2 million and $506.8 million reported in the third quarter and 2022, respectively. Losses are likely to have narrowed in the to-be-reported quarter, enhancing Canoo&#39;s performance.<br />
Discouragingly, the development of new vehicle models might have necessitated higher capital expenditure than initially anticipated. Furthermore, Canoo might have faced substantial costs related to establishing and maintaining effective sales channels and a robust service and maintenance network for its EVs. High capital requirement is likely to have weighed on the company&#39;s cash flow in the first quarter.</p>
<h3>Key Predictions for Other Players</h3>
<p><strong>AutoZone, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azo#NYSE">AZO</a>) has an Earnings ESP of +0.26% and a Zacks Rank #3 at present. The company is scheduled to post third-quarter fiscal 2024 earnings on May 21. The Zacks Consensus Estimate for earnings is pegged at $35.75 per share.</p>
<p>AZO surpassed earnings estimates in each of the trailing four quarters, the average surprise being 7.69%.<br />
<strong>Advance Auto Parts, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aap#NYSE">AAP</a>) has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. The company is slated to post first-quarter 2024 earnings on May 29. The Zacks Consensus Estimate for earnings is pegged at 69 cents per share.<br />
AAP missed earnings estimates in each of the trailing four quarters, the average negative surprise being 148.19%.<br />
<a href="https://www.zacks.com/stock/news/2271544/canoo-goev-to-report-q1-earnings-what-s-in-the-cards?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2271544">To read this article on Zacks.com click here.</a></p>


GOEV

Canoo to Report Q1 Earnings: What's in the Cards?

<div><strong>Peloton</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) has filed a Federal Maritime Commission complaint against Flexport, alleging that Flexport's practices cost the fitness company millions of dollars in unreasonable charges.</div>

<p>The complaint, filed this month, accuses digital freight forwarder Flexport of "wrongfully and unreasonably requiring Peloton to pay millions of dollars in unreasonable demurrage and detention charges." Peloton used the company to handle its global logistics.</p>

<p>San Francisco-based Flexport transported Peloton containers between foreign and U.S. ports and to locations across the country. With the "store door shipments" also referred to as "carrier haulage" Flexport was responsible for arranging and paying for all aspects of the inland movement of the Peloton cargo, the complaint says.</p>

<p>The complaint accuses Flexport of improperly invoicing Peloton from 2020 through 2023, violating the Shipping Act. Flexport "repeatedly and chronically" failed to perform its inland transportation obligations, including not removing Peloton containers from ports, not delivering containers to their destinations in a timely manner and not returning empty containers on time, the complaint says.<br /><script type="text/javascript">
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<p>This led New York City-based Peloton to eventually use a 3PL to manage the inland intermodal transportation of some containers.</p>

<p>Flexport improperly charged Peloton on the carriage of goods arranged by Flexport despite the terms and Flexport's responsibility to manage inland transportation, the complaint says. Flexport charged Peloton without first evaluating if the logistics company was responsible for the charges.</p>

<p>"Flexport strictly complies with the Ocean Shipping Reform Act and all other rules and regulations within the Shipping Act. We go above and beyond to help all our customers ensure on-time delivery and minimize detention and demurrage charges, especially in times of stress like the supply chain crisis that many businesses faced during the pandemic" Flexport said in a statement to FreightWaves. </p>

<p>The complaint accuses Flexport of not providing Peloton with detailed invoices related to the demurrage and detention charges, which didn't give the fitness company the ability to understand or dispute the charges.</p>

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<p>Peloton says it held numerous discussions with Flexport about its claims but wasn't able to resolve the dispute. The fitness company is asking the FMC to order Flexport to cease and desist alleged unlawful conduct and to pay unspecified reparations.</p>

<p>Peloton didn't immediately respond to an inquiry about the complaint.</p>

<p>The post <a href="https://www.freightwaves.com/news/peloton-flexport-wrongly-charged-millions-in-detention-demurrage-fees">Peloton: Flexport wrongly charged millions in detention, demurrage fees</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

Legal

PTON

Peloton: Flexport Wrongly Charged Millions in Detention, Demurrage Fees

<p>In mid-April, <strong>Uniswap Labs</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>)&nbsp;increased the fee to swap on its interface from 0.15% to 0.25%. The fee applies to most, but not all, swaps that are executed using the Uniswap web interface and wallet. Using the Uniswap Labs interface is not the only way to use Uniswap. Traders can use aggregators, alternate UIs, or go directly through the smart contract to make swaps. When the fee was first introduced&nbsp;in October 2023, Uniswap founder Hayden Adams said it would allow his team to &quot;continue to research, develop, build, ship, improve, and expand crypto and DeFi.&quot;&nbsp;</p>
<p>Read the <a href="https://www.theblock.co/post/292695/uniswap-frontend-is-feeling-the-pressure-since-fee-hike?utm_source=benzinga&amp;utm_medium=rss&amp;utm_campaign=Uniswap+frontend+is+feeling+the+pressure+since+fee+hike">full story</a> at The Block.</p>


$UNI

Uniswap Frontend is Feeling the Pressure Since Fee Hike

<p class="articleSource"><strong>Source: <a href="https://www.streetwisereports.com/article/2024/05/08/progress-continues-at-ca-gold-co-s-properties.html?utm_medium=feed">Ben Pirie 05/08/2024</a></strong></p>
<p>Lake Victoria Gold Ltd. shared an update on its Imwelo and Tembo properties, showcasing the company&#39;s ongoing progress of both projects, according to a note from Atrium Research.</p>
<p class="whitespace-pre-wrap break-words"><strong>Lake Victoria Gold Ltd. </strong>(OTC:LVGLF) provided an update on its Imwelo and Tembo properties on May 8, 2024, highlighting the continued progress of both projects.</p>
<p class="whitespace-pre-wrap break-words">Atrium Research analysts Ben Pirie and Nicholas Cortellucci, in a research flash published the same day, maintained their Buy rating and target price of CA$0.45 per share on the company, representing a potential upside of 150%.</p>
<p class="whitespace-pre-wrap break-words">&quot;Progress at the Imwelo Project is continuing with the final step before the official transfer of the mining license underway, and other preparatory work at the site is proceeding&quot; the analysts noted. &quot;<strong>Barrick Gold Corp. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>) continues to invest substantial capital into the surrounding Tembo licenses, which excites us as LVG will share in Barrick&#39;s exploration success.&quot;</p>
<p class="whitespace-pre-wrap break-words">At the Imwelo property, the Tanzanian Fair Competition Commission (FCC) has approved the acquisition of the ML538/2015 from Tanzoz Minerals Limited. The Tanzania Revenue Authority is currently assessing the capital gain tax due on the transaction, with a decision expected shortly. This tax assessment and payment is the final step before the official transfer of the mining license and triggers the second tranche of investment from TAIFA Group.</p>
<p class="whitespace-pre-wrap break-words">&quot;LVG stated that it is in advanced stages with a number of debt and equity groups that will fund the construction and development of Imwelo&quot; the analysts highlighted. The company has made significant progress in developing Imwelo, including preparatory earthworks, infrastructure development, and securing the project&#39;s water supply. The construction timeline remains on track, with completion expected approximately 12 months following the closing of the acquisition and financing.</p>
<p class="whitespace-pre-wrap break-words">Regarding the Tembo property, Lake Victoria Gold does not plan to perform any major exploration activities for two reasons.</p>
<p class="whitespace-pre-wrap break-words">&quot;First, because the Company needs to conserve capital for Imwelo development, and second, Barrick Gold is exploring the grounds surrounding the Tembo property, which is essentially providing LVG with valuable exploration data on the surrounding area at no cost to the company&quot; Pirie and Cortellucci explained.</p>
<p class="whitespace-pre-wrap break-words">The partnership with Barrick could see cash payments as high as US$45M for Lake Victoria Gold, contingent on exploration success.</p>
<p class="whitespace-pre-wrap break-words">The analysts identified several key catalysts for Lake Victoria Gold, including the Tembo Gold Project maiden resource in Q1 2024, ongoing M&amp;A and 2024 drill results, and key development milestones for the Imwelo project throughout the year.</p>
<p class="whitespace-pre-wrap break-words">Pirie and Cortellucci highlighted the company&#39;s path to profitability with Imwelo production expected in H1 2025, strategic partnerships with Barrick and Taifa providing cash, exploration upside across all projects, and motivated management with significant insider ownership as key reasons for their positive view on Lake Victoria Gold.</p>
<p class="whitespace-pre-wrap break-words">Important Disclosures:</p>
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Barrick Gold Corp.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
<p><strong>Disclosures for Atrium Research, Lake Victoria Gold, May 8, 2024</strong></p>
<p>Analyst Certification Each authoring analyst of Atrium Research on this report certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst&#39;s personal, independent and objective views about any and all of the designated securities discussed (ii) no part of the authoring analyst&#39;s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in the research, (iii) to the best of the authoring analyst&#39;s knowledge, she/he is not in receipt of material non-public information about the issuer, (iv) the analyst does not own common shares, options, or warrants in the company under coverage, and (v) the analysts adhere to the CFA Institute guidelines for analyst independence.</p>
<p>About Atrium Research Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. For further information on our team, please visit <a href="https://www.atriumresearch.ca/team" title="https://www.atriumresearch.ca/team">https://www.atriumresearch.ca/team</a>.</p>
<p>General Information Atrium Research Corporation (ARC) has created and distributed this report. This report is based on information we considered reliable; we have not been provided with any material non-public information by the company (or companies) discussed in this report. We do not represent that this report is accurate or complete and it should not be relied upon as such; further any information in this report is subject to change without any formal or type of notice provided. Investors should consider this report as only one factor in their investment decisions; this report is not intended as a replacement for investor&#39;s independent judgment. ARC is not an IIROC registered dealer and does not offer investment-banking services to its clients. ARC (and its employees) do not own, trade or have a beneficial interest in the securities of the companies we provide research services for and does not serve as an officer or Director of the companies discussed in this report. ARC does not make a market in any securities. This report is not disseminated in connection with any distribution of securities and is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. ARC does not make any warranties, expressed or implied, as to the results to be obtained from using this information and makes no express of implied warranties for particular use. Anyone using this report assumes full responsibility for whatever results they obtain. This does not constitute a personal recommendation or take into account any financial or investment objectives, financial situations or needs of individuals. This report has not been prepared for any particular individual or institution. Recipients should consider whether any information in this report is suitable for their particular circumstances and should seek professional advice. Past performance is not a guide for future results, future returns are not guaranteed, and loss of original capital may occur. Neither ARC nor any person employed by ARC accepts any liability whatsoever for any direct or indirect loss resulting from any use of its research or the information it contains. This report contains &quot;forward looking&quot; statements. Forward-looking statements regarding the Company and/or stock&#39;s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Such statements involve a number of risks and uncertainties such as competition, technology shifts, market demand and the company&#39;s (and management&#39;s) ability to correctly forecast financial estimates; please see the company&#39;s MD&amp;A &quot;Risk Factors&quot; Section for a more complete discussion of company specific risks for the company discussed in this report. ARC is receiving a cash compensation from Lake Victoria Gold Ltd. for 12-months of research coverage. ARC retains full editorial control over its research content. ARC does not have investment banking relationships and does not expect to receive any investment banking driven income. ARC reports are primarily disseminated electronically and, in some cases, printed form. Electronic reports are simultaneously available to all recipients in any form. Reprints of ARC reports are prohibited without permission. To receive future reports on covered companies please visit <a href="https://www.atriumresearch.ca/research" title="https://www.atriumresearch.ca/research">https://www.atriumresearch.ca/research</a> or subscribe on our website. The information contained in this report is intended to be viewed only in jurisdictions where it may be legally viewed and is not intended for use by any person or entity in any jurisdiction where such use would be contrary to local regulations or which would require any registration requirement within such jurisdiction.</p>


Commodities

GOLD

Progress Continues at CA Gold Co.'s Properties

<p>Eclipse CEO Neel Somani said Thursday he is stepping back from the Layer 2 project shortly after a flurry of sexual harassment allegations against him resurfaced.&nbsp;Somani denied any misconduct in a post on X, adding that the role reduction is temporary. The announcement came roughly a day after allegations of the Layer 2 founder&#39;s sexual misconduct swirled on X.</p>
<p>Read the <a href="https://www.theblock.co/post/293612/eclipse-ceo-steps-back-amid-harassment-allegations?utm_source=benzinga&amp;utm_medium=rss&amp;utm_campaign=Eclipse+CEO+steps+back+amid+harassment+allegations">full story</a> at The Block.</p>


Eclipse CEO Steps Back Amid Harassment Allegations

<p><strong>Synaptics</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syna#NASDAQ">SYNA</a>) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.</p>
<p>This quarterly report represents an earnings surprise of 6%. A quarter ago, it was expected that this maker of touch-screen technology would post earnings of $0.46 per share when it actually produced earnings of $0.57, delivering a surprise of 23.91%.</p>
<p>Over the last four quarters, the company has surpassed consensus EPS estimates four times.</p>
<p>Synaptics, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $237.3 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.15%. This compares to year-ago revenues of $326.6 million. The company has topped consensus revenue estimates four times over the last four quarters.</p>
<p>The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.</p>
<p>Synaptics shares have lost about 20.2% since the beginning of the year versus the S&amp;P 500&#39;s gain of 8.8%.</p>
<p><strong>What&#39;s Next for Synaptics?</strong></p>
<p>While Synaptics has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?</p>
<p>There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.</p>
<p>Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.</p>
<p>Ahead of this earnings release, the estimate revisions trend for Synaptics: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.</p>
<p>It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.57 on $242.65 million in revenues for the coming quarter and $2.14 on $951.95 million in revenues for the current fiscal year.</p>
<p>Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the bottom 46% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.</p>
<p><strong>Sonim Technologies</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sonm#NASDAQ">SONM</a>), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended March 2024.</p>
<p>This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of -400%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.</p>
<p>Sonim&#39;s revenues are expected to be $18 million, down 30.2% from the year-ago quarter.</p>
<p><a href="https://www.zacks.com/stock/news/2271868/synaptics-syna-q3-earnings-and-revenues-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2271868">To read this article on Zacks.com click here.</a></p>


SONM

SYNA

Synaptics Q3 Earnings and Revenues Beat Estimates

<p><strong>Fathom Holdings</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fthm#NASDAQ">FTHM</a>) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.36 per share a year ago. These figures are adjusted for non-recurring items.</p>
<p>This quarterly report represents an earnings surprise of -29.17%. A quarter ago, it was expected that this company would post a loss of $0.32 per share when it actually produced a loss of $0.50, delivering a surprise of -56.25%.</p>
<p>Over the last four quarters, the company has not been able to surpass consensus EPS estimates.</p>
<p>Fathom Holdings, which belongs to the Zacks Technology Services industry, posted revenues of $70.5 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 15.97%. This compares to year-ago revenues of $77.54 million. The company has topped consensus revenue estimates two times over the last four quarters.</p>
<p>The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.</p>
<p>Fathom Holdings shares have lost about 59.6% since the beginning of the year versus the S&amp;P 500&#39;s gain of 8.8%.</p>
<p><strong>What&#39;s Next for Fathom Holdings?</strong></p>
<p>While Fathom Holdings has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?</p>
<p>There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.</p>
<p>Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.</p>
<p>Ahead of this earnings release, the estimate revisions trend for Fathom Holdings: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.</p>
<p>It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.21 on $107.64 million in revenues for the coming quarter and -$0.72 on $400.1 million in revenues for the current fiscal year.</p>
<p>Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.</p>
<p>Another stock from the same industry, <strong>Marvell Technology</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvl#NASDAQ">MRVL</a>), has yet to report results for the quarter ended April 2024. The results are expected to be released on May 30.</p>
<p>This chipmaker is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of -25.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.</p>
<p>Marvell Technology&#39;s revenues are expected to be $1.15 billion, down 12.9% from the year-ago quarter.</p>
<p><a href="https://www.zacks.com/stock/news/2271853/fathom-holdings-fthm-reports-q1-loss-lags-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2271853">To read this article on Zacks.com click here.</a></p>


Earnings Misses

FTHM

MRVL

Fathom Holdings Reports Q1 Loss, Lags Revenue Estimates

<p><strong>Microvast Holdings, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mvst#NASDAQ">MVST</a>) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.</p>
<p>This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.04, delivering a surprise of -33.33%.</p>
<p>Over the last four quarters, the company has surpassed consensus EPS estimates three times.</p>
<p>Microvast, which belongs to the Zacks Technology Services industry, posted revenues of $81.35 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 20.29%. This compares to year-ago revenues of $46.97 million. The company has topped consensus revenue estimates four times over the last four quarters.</p>
<p>The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.</p>
<p>Microvast shares have lost about 72% since the beginning of the year versus the S&amp;P 500&#39;s gain of 8.8%.</p>
<p><strong>What&#39;s Next for Microvast?</strong></p>
<p>While Microvast has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?</p>
<p>There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.</p>
<p>Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.</p>
<p>Ahead of this earnings release, the estimate revisions trend for Microvast: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.</p>
<p>It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $74.31 million in revenues for the coming quarter and -$0.16 on $332.45 million in revenues for the current fiscal year.</p>
<p>Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.</p>
<p>One other stock from the same industry, <strong>Sprinklr</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cxm#NYSE">CXM</a>), is yet to report results for the quarter ended April 2024.</p>
<p>This customer experience software developer is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.</p>
<p>Sprinklr&#39;s revenues are expected to be $194.54 million, up 12.2% from the year-ago quarter.</p>
<p><a href="https://www.zacks.com/stock/news/2271855/microvast-holdings-inc-mvst-reports-q1-loss-tops-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2271855">To read this article on Zacks.com click here.</a></p>


MVST

Microvast Holdings, Inc. Reports Q1 Loss, Tops Revenue Estimates

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