Streetbeat News

Earnings

VIPS

Vipshop expects Q2 net revenues to be between RMB 27.0 billion and RMB 28.2 billion.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 9:05 am

VIPS

Vipshop Holdings reported Q1 adjusted earnings of $0.51 per share, beating the analyst consensus estimate of $0.37 by 37.84%. Quarterly sales reached $4.00 billion, surpassing the estimate of $3.72 billion by 7.53%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 9:03 am

AZO

INTU

LOW

MVST

ZM

Lowe's, AutoZone, Zoom Video Communications, Microvast Holdings, and Intuit are stocks to watch heading into Tuesday. Lowe's and AutoZone are expected to post quarterly earnings before the opening bell, while Zoom Video reported better-than-expected Q1 results and raised its full-year sales outlook. Microvast shares tumbled after the U.S. Department of Energy reportedly canceled contract negotiations for a potential $200 million award. Intuit is expected to post quarterly earnings after the closing bell.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 8:38 am

IDBA

IDEX Biometrics reported Q1 losses of $(0.01) per share, beating the analyst consensus estimate of $(0.41) by 97.56%. However, quarterly sales of $1.24 million missed the estimate of $1.50 million by 17.33%, but increased 25.38% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:48 am

RERE

ATRenew (NYSE:RERE) reported Q1 adjusted EPS of $0.04, beating the $0.03 estimate, and sales of $418.20M, surpassing the $405.22M estimate. This represents a 300% increase in EPS and a 20.15% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:27 am

SDRL

Seadrill (NYSE:SDRL) reported Q1 earnings of $0.83 per share and sales of $266.00 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:24 am

AZO

INTU

LOW

Investor optimism improves as the CNN Money Fear and Greed index shows an increase in overall sentiment among U.S. investors. U.S. stocks closed mixed on Monday, with investors awaiting earnings results from Lowe's Companies, Inc. (NYSE:LOW), AutoZone, Inc. (NYSE:AZO), and Intuit Inc. (NASDAQ:INTU).

Portfolio Pulse from Lisa Levin

May 23, 2023 | 6:41 am

F

TSLA

Ford CEO Jim Farley expressed confidence in matching Tesla on EV returns, stating that Tesla is facing more pressure on margins. Ford aims for an 8% return from its EV business by 2026 and to produce 2 million EVs.

Portfolio Pulse from Anan Ashraf

May 23, 2023 | 3:20 am

HEPA

PFE

TSLA

ZIM

ZM

US markets ended mixed on Monday as debt ceiling resolution negotiations continue. Tesla, Zoom, Hepion, Pfizer, and ZIM stocks drew investor attention due to various reasons such as advertising, earnings, and drug developments.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 1:22 am

ICVX

Icosavax announces positive interim results from its Phase 1 clinical trial of IVX-A12, a bivalent VLP vaccine candidate against RSV and hMPV in older adults. The company plans to initiate a Phase 2 trial in mid-2023 and has raised $67.8 million in a registered direct offering, extending its cash runway into 2H 2025.

Portfolio Pulse from Happy Mohamed

May 22, 2023 | 9:40 pm