Streetbeat News

Earnings

DADA

FINV

GDS

MNSO

MTB

SBLK

TLRY

Dada Nexus Limited reported disappointing fourth-quarter results, leading to a 9.1% drop in pre-market trading. The company also announced a $40 million share repurchase program. Other stocks experiencing pre-market losses include GDS Holdings, Star Bulk Carriers, FinVolution Group, M&T Bank Corporation, Tilray Brands, and MINISO Group, with various factors contributing to their declines.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 8:54 am

Zhihu reported its Q4 2023 results with total revenues of $160.3 million, a 2.2% increase YoY. Gross margin expanded to 59.1%, and net loss narrowed by 42.6% to $14.5 million. MAUs reached 99.0 million, and monthly subscribing members increased by 9.2% to 14.2 million.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:49 am

AEYE

BLUE

ESLT

GME

MKC

OUST

SNX

Numerous companies are scheduled to report their earnings on March 26, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include bluebird bio with an expected quarterly loss, Elbit Systems projecting earnings, and GameStop anticipated to report earnings. Other companies like McCormick & Co and TD Synnex are also expected to report significant earnings, while firms like AEye and Ouster are projected to report losses.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:47 am

GME

MKC

SNX

UAL

The Fear & Greed Index remained in the 'Greed' zone despite a slight decline, with the Dow Jones falling over 150 points. U.S. markets are poised for a fifth consecutive month of gains, with major indices recently hitting record highs. United Airlines shares dropped 3.4% amid potential FAA restrictions on new routes due to safety concerns. Economic data showed a rise in the Chicago Fed National Activity Index and a slight drop in new home sales. Most S&P 500 sectors closed lower, except for energy and utilities. Investors anticipate earnings results from McCormick & Company, Synnex, and GameStop.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 8:46 am

Zhihu (NYSE:ZH) reported Q4 sales of $160.32M, surpassing the $148.11M estimate by 8.25%, but marking a 0.73% decrease from the previous year's $161.51M. The adjusted net loss was $92.8M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:45 am

APCX

BZFD

GME

MKC

SNX

Ahead of Tuesday's trading, TD SYNNEX, BuzzFeed, McCormick, AppTech Payments, and GameStop are stocks to watch due to earnings reports and a public offering announcement. TD SYNNEX and GameStop are anticipated to report positive earnings, while BuzzFeed reported disappointing Q4 results. McCormick is also expected to release its earnings, and AppTech Payments announced a public offering.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 8:44 am

DOYU

DouYu International Holdings reported a decline in both revenue and user metrics for Q4 2023 compared to the same period in 2022. Total net revenues decreased to $182.5 million from $236.7 million, gross profit fell to $17.8 million from $26.2 million, and the company shifted from a net income of $5.9 million to a net loss of $8.8 million. Additionally, average mobile MAUs dropped to 51.7 million from 57.4 million, and average paying users decreased to 3.7 million from 5.6 million.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:05 am

ESLT

Elbit Systems (NASDAQ:ESLT) reported Q4 adjusted earnings of $1.56 per share, surpassing the $1.38 estimate, a 13.04% beat. Year-over-year, earnings decreased by 7.14% from $1.68. Q4 sales reached $1.63 billion, exceeding the $1.52 billion estimate by 6.91%, and marking a 7.90% increase from the previous year's $1.51 billion.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:04 am

DOYU

DouYu Intl Hldgs (DOYU) reported Q4 sales of $182.53M, surpassing the $170.91M estimate by 6.80%, but marking a 25.11% decrease from the previous year's $243.73M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:02 am

PMNT

Perfect Moment (NASDAQ:PMNT) reported a significant decrease in both earnings and sales for Q3, with EPS dropping to $0.08 from $0.24 YoY and sales falling to $12.73M from $16.15M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:12 am