Streetbeat News

Earnings

BZUN

GDS

GOTU

JFIN

RERE

STG

TRMR

XYF

Earnings are scheduled for November 22, 2023, for several companies. Before the bell, Jiayin Gr, Tremor Intl, ATRenew, Baozun, EHang Holdings, GDS Holdings, Sunlands Technology, Gaotu Techedu, and Deere are set to report their quarterly results. After the bell, X Financial and LexinFintech Holdings will release their earnings. Notable projections include Tremor Intl's earnings at $0.06 per share with $80.56 million in revenue, GDS Holdings' expected loss at $0.27 per share with $345.59 million in revenue, and Deere's anticipated earnings at $7.09 per share on revenue of $12.91 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 11:06 am

ADSK

BODY

DLO

GES

GOTU

HPQ

MOR

SPCE

SYM

DLocal Limited reported lower-than-expected Q3 earnings and sales, reaffirmed FY23 revenue guidance below estimates, and announced the CFO's departure, causing shares to drop 12.9% in pre-market. Other stocks experiencing pre-market losses include Guess?, The Beachbody Company, Gaotu Techedu, Virgin Galactic, Autodesk, MorphoSys, Symbotic, and HP Inc. Reasons for declines vary from disappointing financial results to company-specific news such as reverse stock splits and study results.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 11:05 am

Deere & Company (NYSE:DE) reported Q4 earnings per share (EPS) of $8.26, an 11.02% increase from $7.44 last year. Quarterly sales were $15.41B, surpassing the $13.69B estimate but slightly down by 0.80% from $15.54B in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 11:05 am

JFIN

Jiayin Group (JFIN) reported a 29.69% increase in Q3 EPS to $0.83 from $0.64 YoY, and a 59.86% increase in sales to $200.98M from $125.72M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 11:03 am

JFIN

Jiayin Group (JFIN) reported a 29.69% increase in quarterly earnings per share (EPS) at $0.83, up from $0.64 YoY. Sales also rose by 59.86% to $200.98M from $125.72M YoY.

Portfolio Pulse from totan@benzinga.com

November 22, 2023 | 11:02 am

BZUN

Baozun Inc (NASDAQ: BZUN) reported Q3 FY23 revenue growth of 4.7% Y/Y to $249.95 million, slightly missing consensus estimates. The growth was primarily due to its new business line, BBM, launched in Q1 2023. Adjusted EPS showed a loss of $(0.18) per ADS, beating the consensus loss estimate of $(0.20). Product sales revenue increased by 42.4%, while services revenue declined by 10.3%. The company also plans to acquire a 51% equity stake in Hangzhou Location Information Technology Co. BZUN shares dropped by 0.61% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 22, 2023 | 10:51 am

CRH

MLM

CRH PLC has agreed to sell its European lime operations to SigmaRoc plc for approximately $1.1 billion. The divested business includes 16 locations across Europe, with $610 million in sales and $137 million in EBITDA for 2022. The deal will be completed in phases, starting in early 2024. CRH also recently purchased Martin Marietta Materials Inc's South Texas cement and concrete operations for $2.1 billion. CRH reported a sales increase of 8% year-over-year and an improved EBITDA margin for the first nine months of the year. CRH shares rose by 4.07% to close at $61.13 on Tuesday.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 10:08 am

BZUN

Baozun Inc. reported a significant increase in its quarterly losses to $(0.18) per share compared to $(0.03) per share in the same quarter last year, marking a 500% increase in losses. However, the company's sales saw a slight increase of 2.11%, rising to $249.95 million from $244.78 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:02 am

GOTU

Gaotu Techedu anticipates its Q4 revenue to be between RMB668 million and RMB688 million, reflecting a year-over-year increase of 6.1% to 9.3%. This forecast surpasses the estimated revenue of $118.08 million.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:20 am

NVDA

Nvidia Corp. (NVDA) reported Q3 earnings that impressed analysts despite a lackluster investor response. Wedbush analyst Daniel Ives highlighted Nvidia's AI-driven results as a 'jaw-dropper' and compared the current AI developments to the internet boom of 1995. KeyBanc's John Vinh noted strong generative AI demand and the potential multibillion revenue from the GH200 Grace Hopper super chip. Despite a significant expected drop in Q4 sales to China due to regulations, Nvidia anticipates strong global demand. Gene Munster of Deepwater Asset Management echoed positive sentiments, emphasizing Nvidia's unmatched GPUs and CUDA toolkit for AI infrastructure. Nvidia's stock fell 1.74% in after-hours trading post-earnings announcement.

Portfolio Pulse from Shanthi Rexaline

November 22, 2023 | 9:18 am