Streetbeat News

Earnings

RERE

ATRenew, which may be referred to by its ticker RERE, has provided guidance for its fourth-quarter revenue, expecting it to be between RMB 3.730 billion and RMB 3.830 billion.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:15 am

RERE

ATRenew (NYSE:RERE) reported Q3 adjusted earnings per ADS of $0.04, consistent with the same period last year. Sales rose 25.21% to $446.40M from $356.51M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:13 am

EH

EHang Holdings Limited anticipates a significant increase in revenue for Q4 2023, with an expected RMB56 million, marking a 257% increase YoY. Additionally, the company forecasts a 166% increase in annual revenue for FY23, reaching RMB118 million.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:04 am

EH

EHang Holdings (NASDAQ:EH) reported improved financial results for Q3 with an adjusted EPS loss of $(0.06), a 57.14% improvement from $(0.14) YoY. Sales increased by 20.16% to $1.39M from $1.16M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:02 am

GHG

GreenTree Hospitality Group reported a 15.3% year-over-year increase in Q3 revenue, totaling $63.2 million. The company also posted an adjusted earnings per ADS (American Depositary Share) of $0.17.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 7:26 am

GDEV

GDEV reported a decrease in Q3 sales to $121.00M from $128M year-over-year, and bookings also declined by 6% YoY to $102M.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 7:17 am

DE

Deere & Company (NYSE:DE) is expected to report Q4 2023 earnings of $7.47 per share, slightly up from $7.44 a year ago, with revenue forecasted at $13.69 billion, down from $14.35 billion. The company had exceeded Q3 expectations and raised its FY23 net income outlook. Shares closed up 0.6% at $382.65. Analysts have revised their ratings and price targets, with changes ranging from downgrades to maintaining current ratings and adjusting price targets both up and down.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 7:03 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) reported exceptional Q3 earnings with $18.12 billion in revenue, a 206% year-over-year increase and 34% sequential growth. Tesla CEO Elon Musk reacted with a 'Wow' to Nvidia's revenue jump. Despite a slight decline in Nvidia's stock after the announcement, the company's performance and its role as a key supplier to Tesla for AI and self-driving technology components highlight its importance in the tech sector.

Portfolio Pulse from Shanthi Rexaline

November 22, 2023 | 6:24 am

NVDA

Jim Cramer, a well-known financial analyst, has stated that Nvidia (NASDAQ:NVDA) is capable of prospering even without the Chinese market, following their successful Q3 earnings report. Despite surpassing expectations and achieving record data center revenue, Nvidia's stock experienced a decline in after-hours trading, possibly due to concerns over U.S. import restrictions on China. Cramer's comments and Nvidia's Q3 performance indicate resilience, but the company's future without China's business remains a focal point for investors.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 5:49 am

SQ

Block Inc. (NYSE:SQ) CEO Jack Dorsey is changing the company's performance management by eliminating annual performance reviews and PIPs, aiming to foster a 'culture of excellence'. Dhanji Prasanna has been appointed as the new CTO. Regular evaluations will replace annual reviews, with immediate dismissal for underperforming employees. Despite these changes, Block has seen a 37.5% increase in Bitcoin revenue and a gross profit of $44 million from Bitcoin in Q3, leading to a rise in its share price.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 4:48 am