Streetbeat News

Earnings

YJ

Yunji reported a repeat purchase rate of 74.4% for the twelve months ending March 31, 2024. Total revenues for Q1 2024 were RMB127.9 million (US$17.7 million), down from RMB178.7 million in Q1 2023, due to soft consumer confidence and strategic product and supplier optimization.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:06 am

YJ

Yunji (NASDAQ:YJ) reported Q1 sales of $17.71 million, a 31.96% decrease from $26.03 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:01 am

CTGO

CXW

IPX

TH

UEC

WULF

YEXT

ZIM

Yext, Inc. (NYSE:YEXT) reported worse-than-expected Q1 earnings and weak Q2 guidance, leading to a 15.7% drop in pre-market trading. Other stocks also saw declines, including Target Hospitality Corp. (NASDAQ:TH), Contango Ore, Inc. (NYSE:CTGO), ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), Uranium Energy Corp. (NYSE:UEC), CoreCivic, Inc. (NYSE:CXW), TeraWulf Inc. (NASDAQ:WULF), and IperionX Limited (NASDAQ:IPX).

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 9:31 am

TSLA

A Tesla analyst predicts a potential 5% drop in Tesla's stock price if shareholders vote down Elon Musk's $56 billion pay package. The analyst, Toni Sacconaghi from Bernstein, cites low voter turnout and proxy advisory firms' recommendations as key factors. Despite the potential drop, a failed proposal could boost earnings per share by 10%. Prominent investors like Ron Baron and Cathie Wood support the proposal, while retail investors are also largely in favor.

Portfolio Pulse from Shanthi Rexaline

June 11, 2024 | 9:21 am

BABA

FXI

JD

KWEB

MCHI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is prioritizing long-term growth over near-term profits, but faces challenges from fierce competition. The company's market share has dropped significantly, and analysts warn that the new strategy may pressure profitability. Despite this, some growth initiatives are showing early signs of success. ETFs like KraneShares CSI China Internet ETF (NYSE:KWEB), iShares MSCI China ETF (NASDAQ:MCHI), and iShares China Large-Cap ETF (NYSE:FXI) offer exposure to China's internet sector and large-cap companies.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 9:14 am

ZK

ZEEKR Intelligent Tech reported a significant increase in vehicle deliveries for Q1 2024, with 33,059 units delivered, marking a 117% year-over-year growth compared to 15,234 units in Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:09 am

ZK

ZEEKR Intelligent Tech (NYSE:ZK) reported a Q1 2024 adjusted EPS of $(0.14), significantly beating the analyst estimate of $(1.62). The company also reported sales of $2.041 billion, surpassing the estimate of $1.677 billion.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:07 am

GME

Keith Gill, known as 'Roaring Kitty,' saw his potential billionaire status slip as GameStop Corp. (NASDAQ:GME) shares fell 12% following disappointing Q1 results and a surprise 75 million share offering. Gill's holdings are now valued at $235.46 million, down from a potential $1 billion if GME had stayed above $65.

Portfolio Pulse from Shanthi Rexaline

June 11, 2024 | 7:59 am

ASX

ASE Technology Holding Co., Ltd. reported a 2.7% year-over-year growth in net revenues for May 2024, reaching NT$47,493 million (US$1,467 million). This represents a 3.7% sequential increase from April 2024.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:59 am

CXW

CoreCivic faces contract termination by ICE for the South Texas Family Residential Center, leading to the suspension of its 2024 financial guidance and projecting an earnings drop of $0.38-$0.41 per share.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:12 am