Streetbeat News

Earnings

DTSS

Datasea Inc. (NASDAQ:DTSS) reported a revenue of $2.5 million in September 2023 from its 5G messaging business, a 12x increase from the same period in 2022. The company expects this robust revenue to be sustainable through fiscal year 2024. The revenue is attributed to three of its 5G business segment operating entities. The company's CEO, Ms. Zhixin Liu, stated that the 5G messaging business has recovered rapidly this year and they have signed major contracts that could create momentum for this business segment.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:38 pm

MCD

During a conference call, a McDonald's executive reported a slight dip in traffic for Q3.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:13 pm

HWKN

Hawkins Inc. is set to acquire Water Solutions Unlimited and Miami Products, adding six water treatment locations to its portfolio. The combined revenue of the acquisitions is approximately $1 billion. Hawkins expects these acquisitions to add $10 million in earnings before interests.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:09 pm

AEYE

BKYI

COMM

MYSZ

WDC

In Monday's pre-market session, several information technology stocks showed significant movement. My Size, AudioEye, Western Digital, Saverone 2014, Soluna Holdings, and Remark Hldgs saw increases, with Western Digital's rise potentially linked to its Q1 earnings report. Conversely, CommScope Hldg Co, BIO-key Intl, Auddia, Presto Automation, Tempo Automation Holdings, and ON Semiconductor experienced declines, with BIO-key Intl and ON Semiconductor's drops potentially related to their recent earnings reports.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 1:05 pm

CHKP

Check Point Software has adjusted its 2023 revenue estimate to $2.387B-$2.437B from $2.340B-$2.510B. The company also revised its 2023 Non-GAAP estimate to $8.20-$8.40 from $7.70-$8.30.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:01 pm

XPO

XPO Inc's Q3 FY23 revenue grew by 1.7% YoY to $1.98 billion, beating the consensus of $1.93 billion. The increase was due to higher tonnage per day and yield in the North American LTL segment. Adjusted EPS was $0.88, down from $0.95 in 3Q22, but still beat the consensus of $0.63. Q3 operating income was $154 million, up from $139 million a year ago. The company's shares are trading higher by 7.23% at $72.20 premarket on Monday.

Portfolio Pulse from Akanksha Bakshi

October 30, 2023 | 1:01 pm

WDC

Western Digital Corp (WDC) reported a Q1 FY23 revenue decline of 26% YoY to $2.75 billion, beating the consensus of $2.65 billion. The company's board approved a plan to separate its HDD and Flash businesses. WDC sees Q2 FY23 revenue of $2.85 billion - $3.05 billion, compared to the consensus of $2.92 billion. WDC shares traded higher by 13.20% at $44.11 premarket on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 1:00 pm

CHKP

Check Point Software has projected its Q4 revenue to be between $636M and $686M, with a non-GAAP EPS of $2.35-$2.55.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:00 pm

JEPQ

MSFT

VFC

XHB

On CNBC's 'Halftime Report Final Trades', Bryn Talkington recommended JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Kevin Simpson highlighted Microsoft's (MSFT) strong Q1 results, and Jenny Harrington picked V.F. Corporation (VFC) ahead of its earnings report. Stephen Weiss is short on SPDR S&P Homebuilders ETF (XHB).

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:54 pm

BTCUSD

MARA

Marathon Digital Holdings Inc's shares are trading higher alongside the price of Bitcoin. The rise in Bitcoin's price is due to continued momentum sparked by spot ETF optimism, which is expected to increase demand and liquidity in the crypto space. BlackRock and other financial firms have made changes to their submissions for spot Bitcoin ETFs, and JPMorgan expects the SEC to approve a spot ETF within the next few months. Marathon Digital, a Bitcoin miner, is set to report its Q3 financial results on Nov. 8.

Portfolio Pulse from Adam Eckert

October 30, 2023 | 12:46 pm