Streetbeat News

Earnings

F

Ford Motor Co (NYSE:F) CEO Jim Farley announced that the company's next generation of electric vehicles (EVs), referred to as Gen-2 vehicles, are expected to be profitable within the first 12 months of their launch. This profitability is anticipated to lead to mid to high single-digit EBIT profit margins over the vehicles' lifecycle, surpassing the cost of capital for Ford's EV segment, Model E. Despite expecting wider losses for Model E this year, due to pricing pressure and investments in the next generation of vehicles, Ford is committed to launching these Gen-2 products only if they are profitable. Ford shares closed up 4.1% at $12.07 following the announcement.

Portfolio Pulse from Anan Ashraf

February 07, 2024 | 5:07 am

BABA

DIS

F

SNAP

TSLA

U.S. stocks showed positive momentum with the Dow Jones, NASDAQ, and S&P 500 all posting gains. Snap, Alibaba, Ford, Disney, and Tesla were among the top stocks that caught investors' attention, each showing significant price movements and key financial updates. Snap reported a revenue increase, Alibaba is anticipated to release its earnings report, Ford exceeded revenue expectations, Disney is awaited to report its earnings, and Tesla highlighted strong delivery numbers.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 3:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) reported a sales rebound in China for February, with 1.81 million units delivered in 2023, surpassing analyst estimates. The company saw a 22.6% year-over-year increase in insurance registrations for the week of Jan. 29 through Feb. 4, 2024, and an 8.2% increase in units sold in January year-over-year. Tesla has introduced new sales initiatives in China, facing stiff competition from other EV makers. TSLA shares were up 2.23% at market close on Tuesday.

Portfolio Pulse from Chris Katje

February 07, 2024 | 12:27 am

AYX

Alteryx (NYSE:AYX) reported Q4 adjusted EPS of $1.70, surpassing the $1.16 estimate, and sales of $351.00M, exceeding the $337.61M estimate. This represents a 102.38% increase in earnings and a 16.58% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:14 am

SIMO

Silicon Motion Technology (NASDAQ:SIMO) reported Q4 adjusted EPS of $0.93, surpassing the $0.76 estimate, with sales of $202.38M also beating the $196.52M estimate. However, both earnings and sales saw a decrease from the previous year.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 11:05 pm

DIS

TSLA

Tesla Inc's CEO Elon Musk is supporting actress Gina Carano in her lawsuit against The Walt Disney Company and Lucasfilm after her firing from 'The Mandalorian' series. Carano's lawsuit, inspired by Musk's offer to fund legal representation for those fired over Twitter posts, comes ahead of Disney's Q1 earnings report and amidst an activist shareholder battle and issues with Florida Gov. Ron DeSantis. Musk has publicly encouraged joining the lawsuit against Disney, which has not commented on the matter.

Portfolio Pulse from Chris Katje

February 06, 2024 | 10:55 pm

ABNB

BKNG

EXPE

TRIP

Oppenheimer released an update on the U.S. short-term-rental market, highlighting an improving outlook. Expedia (EXPE) is their top pick with an Outperform rating and a $175 price target. Airbnb (ABNB) received a Perform rating due to mixed sentiment. Booking Holdings (BKNG) also received an Outperform rating with a price target raised to $4,200. TripAdvisor (TRIP) was maintained with a Perform rating, with a focus on profit growth in its core segment. Upcoming earnings reports could impact these stocks.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 10:45 pm

ASTL

Algoma Steel Group reported a Q3 EPS of $(0.57) and sales of $452.16M.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:37 pm

YUMC

Yum China Holdings, Inc. (NYSE:YUMC) reported Q4 earnings surpassing analyst expectations with adjusted earnings of 25 cents per share and sales of $2.49 billion. The company raised its dividend from 13 to 16 cents and announced a $1.25 billion stock buy-back program for 2024. Yum China, operating major brands like KFC and Taco Bell in China, highlighted a 21% system sales growth in 2023. Shares surged 17.79% after-hours to $44.10.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 10:34 pm

F

During a conference call, Ford's CEO announced that the company's next generation vehicles are expected to be profitable within the first 12 months of their launch. This statement underscores Ford's confidence in the profitability and market acceptance of its upcoming vehicle lineup.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:31 pm