Streetbeat News

Earnings

LI

Li Auto Inc. (NASDAQ:LI) reported a 21.8% year-over-year increase in vehicle deliveries for February 2024, reaching 20,251 vehicles. Cumulative deliveries hit 684,780. The company announced the upcoming launch of new models, aiming for a monthly delivery target of 50,000 vehicles in March. Q4 results showed a 136.4% revenue increase to $5.88 billion with 131,805 vehicles delivered, surpassing estimates. Li Auto forecasts Q1 vehicle deliveries between 100,000 and 103,000, a 90.2% to 95.9% increase year-over-year. The company has expanded its retail and service network. Despite positive performance, LI shares dropped 2.55% to $44.71 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 12:04 pm

UTZ

In the past three months, Utz Brands (NYSE:UTZ) received 6 analyst ratings ranging from bullish to indifferent. The average 12-month price target for UTZ is now $19.42, up from $18.00, indicating a 7.89% increase. Analysts from firms like Needham, DA Davidson, Mizuho, Piper Sandler, and RBC Capital have adjusted their ratings and price targets, reflecting a generally positive outlook on UTZ's performance. Despite this, UTZ faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 12:00 pm

AMRX

Amneal Pharmaceuticals' shares rose following mixed Q4 earnings report and the issuance of 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:58 am

CWB

MUX

PGRU

PLUG

Several companies are scheduled to report their earnings before the bell on March 1, 2024. This includes a mix of projected losses and earnings across various sectors, with companies like McEwen Mining, PropertyGuru Group, and Plug Power expected to report losses, while others like CSI Compressco and Element Solutions are set to report their earnings. Notably, SPDR Bloomberg Convertible Securities ETF is also expected to report earnings, highlighting a diverse range of sectors from mining to pharmaceuticals and energy services.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 11:56 am

NIO

NIO Inc. (NYSE:NIO) shares are up in premarket trading after reporting February vehicle deliveries and entering a technology license agreement with CYVN Holdings' subsidiary Forseven Limited. Despite a 33.1% year-over-year slump in February deliveries, cumulative deliveries reached 467,781. NIO is expected to report a Q4 loss of 51 cents per share on March 5, following a mixed performance in the previous quarter. NIO shares rose 1.57% to $5.84 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 11:41 am

RPID

Rapid Micro Biosystems (NASDAQ:RPID) reported Q4 earnings with an EPS of $-0.26, beating estimates by 13.0% and showing a revenue increase of $1.96 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 7% the following day. The company has shown consistent improvement in both EPS and revenue over the past four quarters.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 11:40 am

AMRX

Amneal Pharmaceuticals (NASDAQ:AMRX) reported Q4 earnings, beating estimates with an EPS of $0.14 against the expected $0.09, and revenue up $7.22 million YOY. Despite past performance showing a drop in share price following earnings beats, the company provided a positive FY 2024 earnings guidance of $0.53 to $0.63 per share.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 11:40 am

RPID

Rapid Micro (RPID) forecasts FY24 total revenue to be at least $27M, which is below the estimated $28.29M. The forecast includes the placement of at least 20 systems.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:37 am

RPID

Rapid Micro Biosystems (RPID) reported Q4 earnings with losses per share of $(0.26), surpassing the $(0.30) estimate, and sales of $6.34M, exceeding the $6.15M estimate. This represents a significant improvement over the previous year's performance.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:35 am

MAT

Mattel Inc (NASDAQ:MAT) has announced a delay in submitting its 2023 annual report due to deficiencies in information technology, which are considered a material weakness in its internal control over financial reporting. Despite this, the company does not expect these deficiencies to materially affect its financial disclosures and is committed to filing the report by March 15. This news comes after Mattel disclosed its Q4 and full-year 2023 financial results on February 7 and faced pressure from activist investor Barington Capital earlier in February. Mattel, with a market cap of about $6.5 billion, is exploring ways to leverage its intellectual property, including film projects.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 11:34 am