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Earnings

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

TSLA

Tesla Inc (NASDAQ:TSLA) is offering up to $3,000 discounts on Model Y inventory vehicles in the US. This comes alongside a $7,500 tax credit available for these vehicles. The discounts are likely in response to concerns about falling demand due to rising interest rates, as mentioned by CEO Elon Musk during the Q3 earnings call. Despite price cuts, monthly payments remain similar due to the higher interest rates. Tesla's stock closed 2.38% higher at $241.20 on Tuesday.

Portfolio Pulse from Anan Ashraf

November 22, 2023 | 2:44 am

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Zuanic & Associates' report predicts significant EBITDA growth and market cap increases for cannabis companies in key U.S. states moving towards legal recreational cannabis sales by 2025. The report highlights potential EBITDA upside for market leaders like Curaleaf, Green Thumb, Verano, and Trulieve, and substantial market cap gains for emerging players such as Cannabist and Jushi Holdings. Established operators like Acreage Holdings, Ayr Wellness, Cresco Labs, Ascend Wellness, and Green Thumb are also expected to see market cap increases. Goodness Growth Holdings is noted for its potential in Minnesota. A repeal of Tax Rule 280E could further benefit the sector by reducing effective tax rates.

Portfolio Pulse from Nicolás Jose Rodriguez

November 21, 2023 | 11:57 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported Q3 earnings of 88 cents per share, beating estimates of 82 cents and marking a 120% increase from the previous year. Sales reached a record $1.28 billion, surpassing expectations of $1.26 billion and growing 8.94% year-over-year. Despite the positive results, URBN shares dropped 7.05% in after-hours trading to $33.75.

Portfolio Pulse from Ryan Gustafson

November 21, 2023 | 11:37 pm

NVDA

During Nvidia's conference call, the CFO stated that they do not anticipate regulation compliant solutions to contribute materially or meaningfully to the company's revenue in Q4.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:31 pm

NVDA

During Nvidia's conference call, the CFO announced that their networking segment has surpassed a $10 billion annualized revenue run rate. Additionally, the company's software support and services are projected to reach a $1 billion annual run rate.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:21 pm

TDCX

TDCX Inc. has reported an adjusted EPS of $0.16 and sales of $119.80 million for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:19 pm

DIS

Disney expects to spend approximately $25 billion on produced and licensed content in fiscal 2024, with capital expenditures projected to be around $6 billion, as reported in its 10-K filing.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:17 pm

DIS

Disney has acknowledged that new collective bargaining agreements with the Directors Guild of America, the Writers Guild of America (WGA), and SAG-AFTRA will result in increased costs for the company, according to a Reuters report citing a recent filing.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:13 pm

API

Agora anticipates its Q4 total revenues to be between $35.5 million and $37.5 million.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:08 pm