Streetbeat News

Earnings

NVS

Novartis has revised its mid-term sales growth guidance upward to a 5% compound annual growth rate (CAGR) for the period from 2022 to 2027. The company also expects to achieve a core operating income margin of approximately 40% or more by 2027.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:08 am

CAN

CRWD

ESLT

NNOX

PDD

UXIN

Earnings reports are scheduled for November 28, 2023, for multiple companies. Notable reports include Elbit Systems with expected earnings of $1.70 per share, PDD Holdings at $1.19 per share, and CrowdStrike Holdings at $0.74 per share. Other companies like Uxin, Canaan, and Nano X Imaging are anticipated to report losses. The earnings announcements cover various sectors and could influence stock performance in the short term.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 9:33 am

UXIN

Uxin Ltd aims to reach EBITDA profitability at all superstore levels by March 2024 and for the entire company by September 2024. CEO Kun Dai expresses confidence in the company's long-term prospects.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:18 am

UXIN

Uxin Ltd reported a 35.6% quarter-over-quarter increase in retail transaction volume for Q2 FY2024, reaching 2,287 units. This growth significantly exceeds the industry's 5% growth rate. The company's Changfeng superstore, a joint venture with the Hefei local government, also began trial operations.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:48 am

UXIN

Uxin (NASDAQ:UXIN) reported a significant decrease in sales for Q2, with revenues of $48.80 million, down 43.90% from $86.99 million in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:41 am

AORT

Sen. Tina Smith's spouse made a profit of up to $55K in nearly 3 weeks from trading shares of Artivion, Inc. (AORT), a medical device company. The stock was purchased on Nov. 10 and Nov. 16, before rallying 31.16% to $17.51 by the end of the monitored period. Artivion's stock has lost 40% over the last five years, but recent Q3 results showed improved revenue and earnings, contributing to the stock's rise. Smith's trades have drawn criticism, especially in light of her previous comments on corporate executive compensation.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 8:38 am

ESLT

Elbit Systems (NASDAQ:ESLT) reported a 17.86% increase in Q3 adjusted EPS to $1.65, up from $1.40 YoY. Sales rose 11.31% to $1.50B, up from $1.35B YoY.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:11 am

CLCO

Cool Co (NYSE:CLCO) reported a significant increase in Q3 sales to $92.9M, up from $65.83M year-over-year (YoY). Net income also rose to $39.17M from $36.77M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:31 am

COOL

Corner Growth Acquisition (NASDAQ:COOL) reported a 41.12% increase in Q3 sales to $92.90M, up from $65.83M YoY. Net income also rose to $39.2M compared to $36.8M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:29 am

AMZN

CRWD

HPE

INTU

NTAP

SHOP

U.S. stocks closed lower on Monday, with the S&P 500 and Dow Jones ending their four-week gaining streak. The CNN Money Fear and Greed index indicated a slight decline in market sentiment but remained in the 'Greed' zone. E-commerce stocks like Shopify and Amazon performed well on Cyber Monday, while health care and industrials sectors saw the biggest losses. Investors are looking forward to earnings reports from HPE, CRWD, NTAP, and INTU. The Fear & Greed Index, which measures market sentiment, stayed in 'Greed' at a reading of 65.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:24 am