Streetbeat News

Earnings

BNTX

DELL

GSM

IXHL

MOR

MRVL

SMCI

Dell Technologies Inc. reported mixed Q3 results with earnings per share of $1.88, above the consensus estimate of $1.47, but revenue fell short at $22.25 billion against expectations of $23.00 billion. Dell's shares dropped 5.1% in pre-market trading. Other stocks also moved lower in pre-market sessions, including Incannex Healthcare, MorphoSys AG, Ferroglobe PLC, Marvell Technology, Super Micro Computer, and BioNTech SE, despite overall U.S. stock futures trading higher.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:15 am

BMO

GCO

Genesco (GCO) and Bank of Montreal (BMO) are scheduled to report their quarterly earnings before the bell on December 1, 2023. Genesco is estimated to report earnings of $0.82 per share on revenue of $588.60 million, while Bank of Montreal is expected to report earnings of $2.85 per share on revenue of $8.21 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 10:04 am

LNG

NFE

PSX

REX

Four energy stocks are considered overbought based on their RSI values, which may signal a potential short-term decline. REX American Resources (REX) reported record Q3 results, causing a 33% stock increase. Phillips 66 (PSX) is in talks with Elliot Investment Management, with a 9% stock gain. New Fortress Energy (NFE) reported strong Q3 revenue and reaffirmed guidance, leading to a 26% increase over the past month. Cheniere Energy (LNG) posted better-than-expected sales, with an 8% gain over the past month.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:04 am

NIO

NIO Inc. reported a 12.6% year-over-year increase in vehicle deliveries for November 2023, with 15,959 vehicles delivered. The company's cumulative deliveries have now reached 431,582 units.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:35 am

XPEV

XPeng Inc. (NYSE:XPEV), a leading Chinese smart electric vehicle company, reported a record delivery of 20,041 Smart EVs in November 2023, marking a 245% increase from the previous year. The XPENG G6 was the top-selling electric SUV in its price range, with 8,750 units delivered. This achievement represents the company's 10th consecutive month of delivery growth, with a year-to-date total of 121,486 units, surpassing the total deliveries for 2022.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:09 am

DELL

GCO

PATH

ULTA

Genesco Inc. is expected to report earnings before the opening bell, while Dell Technologies reported mixed Q3 results with higher earnings but missed sales estimates. PagerDuty posted strong Q3 results and raised FY24 guidance. Ulta Beauty announced positive Q3 sales and increased full-year projections, with news of CFO retirement in 2024. UiPath also reported strong Q3 financials. Dell, Genesco, and PagerDuty stocks moved post-market, while Ulta Beauty and UiPath saw significant after-hours gains.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 8:44 am

Li Auto Inc. reported a significant year-over-year increase in vehicle deliveries for November 2023, with 41,030 vehicles delivered, marking a 172.9% increase. The company has also surpassed its annual target by delivering 325,677 vehicles year-to-date, exceeding the 2023 goal of 300,000 vehicles ahead of schedule.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 8:42 am

BMO

CBRL

CRM

GCO

The Fear & Greed Index remained in 'Greed' territory as the Dow Jones surged over 500 points after positive PCE data and mixed economic indicators. Cracker Barrel's shares dropped over 10% post Q1 results, while Salesforce's shares rose over 9% following upbeat Q3 results and FY24 guidance. The S&P 500 saw gains, but the Nasdaq Composite dipped slightly. Investors are looking forward to earnings from Genesco Inc. and Bank of Montreal.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 8:05 am

SJM

The J. M. Smucker Company (NYSE:SJM) is expected to release its Q2 fiscal 2024 earnings on Dec. 5, 2023, with an anticipated EPS of $2.48, up from $2.40 the previous year, and revenue estimates of $1.95 billion. The company recently agreed to sell its Fermented Food Condiment Brands in Canada to TreeHouse Foods for $20 million. Smucker's stock closed up 1.1% at $109.73. Analysts have provided mixed ratings and price target changes, with Deutsche Bank, Bernstein, TD Cowen, JP Morgan, and Consumer Edge Research analysts adjusting their outlooks and price targets.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 7:39 am

ILAG

Intelligent Living (NASDAQ:ILAG) reported a significant decline in financial performance for the first half of the year, with EPS dropping from $(0.02) to $(0.16) and sales falling from $7.34M to $1.94M compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:26 am