Streetbeat News

Earnings

QSG

QuantaSing Group (NASDAQ:QSG) reported Q2 adjusted EPS of $0.09, surpassing the $0.03 estimate, a 200% increase YOY. Sales reached $138.11M, beating the $131.07M estimate, up 21.12% YOY.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:09 am

BILI

Bilibili reported Q4 adjusted EPS of $(0.19), surpassing the $(0.22) estimate, and sales of $894.30M, exceeding the $887.26M estimate. This represents a significant improvement over the previous year, with a 60.42% decrease in losses per share and a slight 0.42% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:05 am

ADT

CDMO

DADA

MTC

SWIN

TPVG

VSCO

XPEV

Victoria's Secret reported mixed Q4 results with higher earnings but lower sales than expected, leading to a 32.1% drop in pre-market trading. The company also announced a $250 million share repurchase program and provided a full-year 2024 revenue forecast below estimates. Other stocks like Avid Bioservices, Solowin Holdings, ADT Inc., TriplePoint Venture Growth BDC Corp., MMTec, Inc., Dada Nexus Limited, and XPeng Inc. also saw pre-market declines due to various reasons including disappointing financial results, secondary public offerings, and completion of independent reviews.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 9:50 am

ABM

BILI

CINT

STVN

Numerous companies are scheduled to report their quarterly earnings on March 7, 2024, with a mix of projected earnings and losses across various sectors. Notable mentions include CI&T, Stevanato Gr, ABM Industries, Bilibili, BJ's Wholesale Club, Burlington Stores, and many others, indicating a significant day for investors to monitor potential market movements.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:49 am

YMM

Full Truck Alliance forecasts Q1 2024 net revenues of RMB2.11B-RMB2.16B, indicating a YoY growth of 23.9%-27.1%, based on current market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:47 am

YMM

Full Truck Alliance Co (NYSE:YMM) reported Q4 adjusted earnings of $0.10 per share, surpassing the $0.08 estimate, and sales of $339.15M, exceeding the $317.67M estimate. This represents a 66.67% increase in earnings and a 21.68% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:44 am

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) is set to unveil its R2 platform vehicle, targeting the mid-sized SUV segment with limited EV options beyond Tesla. The event will be held at Laguna Beach, California, and live-streamed globally. The R2, expected to start production in 2026 at Rivian's Georgia plant, aims for a 300-mile range and a 0-60 mph acceleration time of three seconds. Rivian has faced challenges in 2023, including softer demand and production ramp-up issues, leading to significant financial losses and workforce reduction. Despite these challenges, the R2 launch could attract price-sensitive customers and potentially impact Rivian's stock, which has been under pressure.

Portfolio Pulse from Shanthi Rexaline

March 07, 2024 | 9:23 am

CIEN

COST

CPB

The CNN Money Fear and Greed index indicated a slight improvement in market sentiment, remaining in the 'Greed' zone. U.S. stocks closed higher, with the Dow Jones, S&P 500, and Nasdaq Composite all recording gains. Campbell Soup Company reported better-than-expected Q2 earnings, while Foot Locker's shares plummeted after its Q4 results. The U.S. job market showed growth, but slightly below expectations. Sectors like information technology, utilities, and consumer staples led gains, whereas communication services and consumer discretionary sectors fell. Investors are looking forward to earnings results from The Kroger Co., Costco Wholesale Corporation, and Ciena Corporation.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 7:53 am

AVGO

COST

RSI

VSCO

U.S. stock futures are trading lower, with focus on earnings reports and financial results from companies like Kroger, Rush Street Interactive, Broadcom, Victoria's Secret, and Costco. Kroger is expected to report earnings with a slight decline in after-hours trading. Rush Street Interactive shares surged after reporting strong Q4 results and 2024 revenue guidance. Broadcom is anticipated to post significant earnings, with a slight gain in after-hours trading. Victoria's Secret reported upbeat Q4 earnings but missed sales estimates, leading to a sharp decline in its shares. Costco is expected to report its earnings, with a minor gain in after-hours trading.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 7:52 am

Chemours disclosed findings from an internal audit revealing a lack of transparency by senior management, specifically regarding payables and receivables timing actions affecting free cash flow targets. This led to violations of the Company's Code of Ethics by the CEO, CFO, and Controller, resulting in administrative leave for those involved. However, these findings do not impact the preliminary financial results for the year ended December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:03 am