Streetbeat News

Earnings

BTCY

Biotricity Inc. (NASDAQ:BTCY) has reported strong Q1-FY2024 recurring revenue growth, higher margins on technology fees, and control over sales and technology expenses through automation and AI. The company is showing continued growth and strength in its fundamentals, moving towards profitability. The company's management is focused on monitoring adjusted EBITDA to track progress towards achieving positive net operating cash flows.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 12:29 pm

SHCO

Soho House reported better-than-expected Q2 financial results and updated guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:29 pm

ANGI

PUBM

RBLX

SALM

The article lists five oversold stocks in the communication services sector that may present a buying opportunity. These include PubMatic, Inc. (PUBM), Salem Media Group, Inc. (SALM), ZoomInfo Technologies Inc. (ZI), Roblox Corporation (RBLX), and Angi Inc. (ANGI). All these stocks have an RSI value below 30, indicating they are oversold. However, all these companies have recently reported disappointing financial results or issued weak guidance.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 12:26 pm

ACHR

ETON

TSAT

Telesat Corp reported Q2 results and announced a $2.1 billion deal with MDA as the prime satellite manufacturer for its advanced Telesat Lightspeed Low Earth Orbit constellation. Archer Aviation announced a $215 million investment and a litigation settlement and collaboration with Wisk Aero and Boeing. Eton Pharmaceuticals reported Q2 EPS of $0.18, beating the $(0.09) estimate, and sales of $12.00M, beating the $6.51M estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

August 11, 2023 | 12:26 pm

PGY

Pagaya Technologies reported better-than-expected Q2 sales results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:26 pm

IONQ

IonQ reported mixed Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:24 pm

CAAS

China Automotive Systems Inc (NASDAQ:CAAS) reported Q2 FY23 sales growth of 8.1% to $137.41 million, missing the analyst consensus of $140.72 million. The gross profit margin compressed to 16.5%, and the gross profit remained flat at $22.7 million. The company reiterated its revenue guidance for the full year 2023 of $560.0 million, below the consensus of $566.7 million. CAAS shares are trading higher by 5.11% at $5.55 in premarket Friday.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 12:23 pm

ACHR

AMRS

ETON

SMLR

Several stocks experienced significant pre-market movements. Amyris, Inc. (AMRS) shares dipped over 80% after filing for Chapter 11 bankruptcy. Semler Scientific, Inc. (SMLR) rose 40% after reporting better-than-expected Q2 results. Eton Pharmaceuticals, Inc. (ETON) gained 25.3% after posting upbeat Q2 results. WeWork Inc. (WE) rose 22.1% amid volatility and doubts over its ability to stay in business. Archer Aviation Inc. (ACHR) rose 22% after announcing a $215 million investment and a litigation settlement with Wisk Aero and Boeing. Other notable movers include 1847 Holdings LLC (EFSH), Innodata Inc. (INOD), Pagaya Technologies Ltd. (PGY), Rigetti Computing, Inc. (RGTI), and Matinas BioPharma Holdings, Inc. (MTNB).

Portfolio Pulse from Lisa Levin

August 11, 2023 | 12:23 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) reported better-than-expected Q1 FY23 results, with a 14% YoY revenue growth to $32.29 billion, beating the consensus of $31.20 billion. Non-GAAP earnings per ADS of $2.40 also beat the consensus of $2.02. Following the announcement, Bernstein, Baird, and B of A Securities raised their price targets on Alibaba.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 12:23 pm

MAXN

Maxeon Solar reported mixed Q2 financial results and issued Q3 and FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 12:21 pm