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Earnings

LI

Li Auto forecasts Q1 2024 revenue between $4.40B-$4.53B, below the $5.43B estimate, with vehicle deliveries expected to be 100K-103K, marking an increase of 90.2%-95.9% from Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:41 am

LI

Li Auto reported a significant increase in vehicle deliveries for Q4 2023, with 131,805 vehicles delivered, marking a 184.6% YoY increase. The full year 2023 saw 376,030 vehicles delivered, up 182.2% from 2022. The company also expanded its retail and service network.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:38 am

SNY

Sanofi's Phase 2 trial results for Rilzabrutinib show significant reduction in itch severity and improved disease activity in chronic spontaneous urticaria (CSU) patients. The data, presented at the 2024 AAAAI, supports the initiation of Phase 3 trials for CSU and prurigo nodularis in 2024. Additionally, pivotal Phase 3 and Phase 2 readouts for other conditions are expected in 2024. Rilzabrutinib is highlighted as one of Sanofi's 12 potential blockbuster drugs.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:28 am

RHHBY

Roche's Genentech announced positive results from the NIH-sponsored Phase III OUtMATCH study for Xolair, showing it increased tolerance to common food allergens in individuals as young as 1 year. Following this, the U.S. FDA approved Xolair as the first medicine for people with one or more food allergies. This approval is significant given the life-threatening nature of allergic reactions and the high number of food-related anaphylaxis cases treated in U.S. emergency rooms annually.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:12 am

BABA

Alibaba Group Holding Ltd co-founder Joe Tsai is optimistic about the company's future, highlighting recent share purchases by founders, a management reshuffle, and plans for future IPOs despite challenges like increased competition and halted IPOs of its logistics and retail arms. Tsai's confidence is backed by a restructuring and a new management team, aiming to reinforce Alibaba's position in China's e-commerce market.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 7:53 am

CELU

DPZ

PPC

WDAY

ZM

U.S. stock futures are trading lower, with focus on earnings reports from Domino's Pizza, Celularity Inc., Pilgrim's Pride, Workday, and Zoom Video Communications. Domino's is expected to report increased earnings and revenue. Celularity announced a 1-for-10 reverse stock split, causing a slight share price drop. Pilgrim's Pride is anticipated to report earnings of 40 cents per share. Workday's earnings are projected at $1.47 per share, and Zoom is expected to report earnings of $1.15 per share.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 7:48 am

CVNA

DPZ

MODV

PPC

WDAY

ZM

The CNN Money Fear and Greed index slightly declined but remained in the 'Extreme Greed' zone. U.S. stocks closed mixed, with the Dow Jones reaching an all-time high. The S&P 500 and Dow recorded weekly gains. Carvana Co. shares surged over 32% after Q4 financial results, while ModivCare Inc. shares plummeted due to a weak sales forecast. The number of active U.S. oil rigs increased. Most S&P 500 sectors saw gains, except for energy and consumer discretionary. Investors anticipate earnings results from Workday, Zoom Video Communications, Pilgrim's Pride, and Domino's Pizza.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 7:48 am

KOS

Kosmos Energy forecasts a 2024 production range of 71,000 to 77,000 barrels of oil equivalent (boe) per day, with capital expenditures projected between $700M and $750M. The company also anticipates Q1 production to be between 65,000 and 68,000 boe per day. Operational expenses, depreciation, depletion & amortization (DD&A), general & administrative expenses (G&A), exploration expenses, net interest expense, and taxes are detailed for both Q1 and the full year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:08 am

KOS

Kosmos Energy (NYSE:KOS) reported Q4 adjusted EPS of $0.31, surpassing the $0.23 estimate, and sales of $507.81M, exceeding the $477.73M estimate. This represents a 34.78% increase in EPS and a 9.92% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:03 am

DPZ

Domino's Pizza, Inc. (NYSE:DPZ) is anticipated to report higher Q4 earnings on Feb. 26, 2024, with expected earnings of $4.38 per share compared to $3.97 per share a year ago, and projected revenue of $1.42 billion up from $1.39 billion. The company previously reported better-than-expected Q3 earnings. Analysts from Oppenheimer, HSBC, Piper Sandler, JP Morgan, and BMO Capital have provided various ratings and price targets for DPZ, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 6:16 am