Streetbeat News

Earnings

AAP

DKS

HEI

HPQ

OOMA

U.S. stock futures are trading lower this morning. Key stocks to watch include Advance Auto Parts, Ooma, Dick’s Sporting Goods, HEICO Corporation, and HP Inc. Advance Auto Parts is expected to report earnings of 68 cents per share on $3.43 billion revenue. Ooma reported strong Q1 results and issued positive guidance, causing shares to jump 17.7%. Dick’s Sporting Goods is expected to post earnings of $2.95 per share on $2.94 billion revenue. HEICO Corporation posted better-than-expected Q2 results, and HP Inc. is expected to report earnings of 81 cents per share on $12.6 billion revenue.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 7:05 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) faced a significant drop in after-hours trading due to disappointing financial results and a warning letter from the SEC. The company reported a revenue of $0.8 million for fiscal year 2023, far below analyst estimates, and a net loss of $432 million. Faraday Future also received a delisting threat from Nasdaq for late filing of its 10-Q report. Despite these challenges, Reddit users are rallying to support the stock, reminiscent of previous meme stock surges.

Portfolio Pulse from Shanthi Rexaline

May 29, 2024 | 7:05 am

CHWY

Chewy, Inc. (NYSE:CHWY) is expected to report higher Q1 earnings, with analysts projecting earnings of 7 cents per share and revenue of $2.85 billion. Recent analyst ratings include Outperform and Buy, with some price target adjustments.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 6:50 am

AAPL

BRK

Berkshire Hathaway's stock has become more attractive after a recent dip in price and a surge in book value, driven by a rally in Apple shares. Despite a 1.1% drop in Class A shares, both Class A and Class B shares have outperformed the S&P 500 this year. Analyst Cathy Seifert has raised her earnings estimates for Berkshire and set a price target of $472 for Class B shares. The increase in Apple shares, which make up 40% of Berkshire's equity portfolio, has significantly boosted Berkshire's shareholder equity.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 6:28 am

BNR

Burning Rock reported its Q1 earnings with an EPS of RMB(1.19), an improvement from RMB(1.81) YoY. However, revenues decreased to RMB125.6M from RMB142.5M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:03 am

YY

JOYY Inc. has provided its revenue forecast for Q2 2024, expecting net revenues to be between $538 million and $569 million, compared to the consensus estimate of $565 million. This forecast reflects the company's current market and operational conditions, with potential impacts from macroeconomic uncertainties.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:58 am

YY

JOYY Inc. reported its Q1 2024 operational highlights, showing a slight increase in global average mobile MAUs to 277.3 million from 272.9 million YoY. However, individual platforms like Bigo Live, Likee, and Hago saw declines in MAUs due to reduced spending on user acquisition. The total number of paying users for BIGO increased to 1.67 million from 1.57 million YoY, although the average revenue per paying user decreased to $235.4 from $244.8.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:56 am

YY

JOYY (NASDAQ:YY) reported Q1 2024 earnings of $1.02 per share, beating the analyst estimate of $0.81 by 25.93%. Sales were $564.560 million, surpassing the $552.667 million estimate. Despite the earnings beat, sales decreased by 3.27% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:47 am

F

GME

HOOD

NVDA

TSLA

U.S. stocks showed mixed results on Tuesday with the Dow Jones down, S&P 500 slightly up, and Nasdaq gaining. Nvidia, GameStop, Robinhood, Ford, and Tesla were notable stocks on investors' radars. Nvidia saw a significant increase, GameStop rallied after a share offering, Robinhood dipped slightly, Ford fell due to insider selling, and Tesla declined amid lower insurance registrations in China.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 2:12 am

FFIE

Faraday Future (NASDAQ:FFIE) reported a GAAP EPS of $(44.81) for FY 2023, beating the analyst estimate of $(47.97). However, the company missed its sales estimate, reporting $784,000 compared to the expected $2.59 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 9:24 pm