PTC Therapeutics announced that the European Commission has asked the CHMP to re-evaluate its negative opinion on the renewal of Translarna's conditional marketing authorization, keeping it available in Europe.
Sohu.com reported a 14% revenue decline YoY in Q1 2024, with a net loss of $(0.65) per ADS. The company expects a decrease in brand advertising revenue for Q2.
Norwegian Cruise Line is holding its Investor Day Monday, which involves discussion of a new comprehensive "Charting the Course" strategy. The strategy includes a refreshed vision, strategic initiatives and three-year financial and sustainability targets geared at enhancing shareholder returns.
Global-E Online shares surged after the company reported Q1 FY24 revenue of $145.90 million, beating estimates. Sales grew 24% Y/Y, while GMV increased 32% to $930 million. Non-GAAP gross profit rose 36% to $66.1 million. The company raised its FY24 sales forecast to $733 million - $773 million. CEO Amir Schlachet highlighted significant client additions and business expansion.
Li Auto (LI) reported Q1 2024 revenue of $3.55B, missing analyst estimates. Net earnings per ADS also missed estimates. Vehicle sales and deliveries increased. Q2 outlook predicts $4.1B - $4.3B in revenue and 105K - 110K vehicle deliveries.
Niu Technologies reported 21% revenue growth in Q1 2024, with an increase in sales volume but decrease in revenues per e-scooter. Earnings per ADS were $(0.10) and the company expects further revenue growth in Q2 and 2024. Investors can access the stock through Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS). NIU stock has declined 46% in the last year.
Business Outlook
For the second quarter of 2024, Sohu estimates:
Brand advertising revenues to be between US$18 million and US$20 million; this implies an annual decrease of 16% to 25%, and a