Streetbeat News

Earnings

LI

Li Auto has revised its Q1 delivery forecast to 76,000-78,000 vehicles, a significant decrease from the previously expected 100,000-103,000 vehicles, attributing the reduction to lower-than-expected order intake.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:34 am

ACN

FDX

GIS

NKE

SIG

Following the Federal Reserve's decision to keep interest rates unchanged, U.S. stocks closed higher, with the Dow Jones jumping 400 points. The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone. Signet Jewelers reported disappointing Q4 sales and weak FY25 guidance, causing a 12% drop in its shares. General Mills posted better-than-expected Q4 results. Crude oil inventories fell, contrary to expectations. Sectors like communication services, consumer discretionary, and financials led gains in the S&P 500, while healthcare and energy lagged. Investors are looking forward to earnings from Accenture, FedEx, and NIKE.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 8:09 am

CMCM

Cheetah Mobile forecasts its total revenues for the first half of 2024 to range between $49.3M and $56.3M, based on current and preliminary expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:08 am

CMCM

Cheetah Mobile reported a decrease in both adjusted earnings per share and sales for the fiscal year, with adjusted EPS down to $(2.70) from $(2.58) YoY and sales dropping to $94.30M from $128.18M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:06 am

LX

LexinFintech Holdings (NASDAQ:LX) reported a decrease in Q4 adjusted earnings per share to $0.23 from $0.30 YoY, while sales increased to $494.29M from $442.25M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced it produced enough 4680 cells at Giga Texas last week for over 1,000 Cybertrucks, countering December reports of production issues. The current rate could yield over 52,000 Cybertrucks annually, excluding supplier orders. CEO Elon Musk aims for a quarter million Cybertruck deliveries by 2025, highlighting production, not demand, as the challenge.

Portfolio Pulse from Anan Ashraf

March 21, 2024 | 7:39 am

ACN

FDX

GES

MU

NKE

Accenture, Guess?, NIKE, Micron Technology, and FedEx are stocks to watch due to earnings reports and financial results. Accenture is expected to report earnings with Guess? already reporting better-than-expected results and a special dividend. NIKE's earnings are anticipated, while Micron reported strong results and guidance. FedEx is also expected to report earnings.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 7:31 am

EPSN

Epsilon Energy (EPSN) reported a net revenue interest total production of 9.0 Bcfe for 2023, with a significant decrease in average realized price per Mcfe by 62% YoY. Natural gas production decreased by 12%, while oil production increased by 103%. The average realized prices for natural gas, oil, and natural gas liquids also saw declines compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:11 am

EPSN

Epsilon Energy reported a significant decrease in its FY23 earnings per share (EPS) to $0.31 from $1.51 year-over-year (YoY), with revenue also dropping to $30.73M from $69.96M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:08 am

LAAC

Lithium Argentina reported a significant increase in its FY23 earnings per share (EPS) to $8.02, up from a loss of $(0.70) in the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:01 am