Streetbeat News

Earnings

MSFT

Microsoft's Bing Image Creator, powered by DALL-E 3, has generated over 1.8 billion realistic images. The tool, developed by OpenAI, has been operational since March. The company's CEO, Satya Nadella, revealed this during the Q1 earnings call, also noting that Bing users have engaged in more than 1.9 billion chats. The tool is available for free in exchange for a Microsoft account.

Portfolio Pulse from Ananya Gairola

October 25, 2023 | 7:35 am

FANH

FANHUA is expected to recognize an unrealized investment gain of approximately $22.5 million in Q3 2023, following the recent listing of a company in which it owns 2.8% equity. This gain is expected to significantly increase the company's net income attributable to shareholders for Q3 2023. The company's full-year guidance of no less than 50% YoY increase in operating income in 2023 remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:16 am

XP

XP Inc. reported a 10% QoQ and 16% YoY increase in active clients in 3Q23, totaling 4.4 million. Client assets totaled R$1.1 trillion, up 17% YoY and 6% QoQ. Net inflow was R$48 billion, up 118% QoQ and 38% YoY. The figures include R$34 billion of client assets from Modal. Retail daily average trades were down 9% YoY and 2% QoQ.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:44 am

SFBC

Sound Financial Bancorp reported Q3 earnings of $0.45 per share, a 53.61% decrease from $0.97 per share YoY. The company also reported sales of $9.25M, a 12.93% decrease from $10.62M YoY.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:39 am

VLRS

Controladora Vuela (NYSE:VLRS) reported Q3 losses of $0.33 per share, missing the analyst consensus estimate of $0.22 by 250%. This is a 210% decrease from the same period last year. The company also reported quarterly sales of $848.00 million, missing the analyst consensus estimate of $853.32 million by 0.62%. However, this is a 10.27% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:34 am

CHMG

Chemung Financial (NASDAQ:CHMG) reported Q3 earnings of $1.61 per share, beating the analyst consensus estimate of $1.13 by 42.48%. This is a 17.52% increase from the same period last year. The company also reported quarterly sales of $25.82 million, beating the analyst consensus estimate of $23.50 million by 9.89%. This is a 7.49% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:27 am

PERF

Perfect (NYSE:PERF) reported Q3 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.01) by 250 percent. The company also reported quarterly sales of $14.55 million, surpassing the analyst consensus estimate of $13.88 million by 4.83 percent.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:24 am

DB

Deutsche Bank reported Q3 earnings of $0.61 per share, a 6.84% increase YoY. The company also reported $7.73 billion in sales, a 10.84% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:11 am

BYDDF

BYDDY

TSLA

Warren Buffett-backed electric vehicle maker BYD Manufacturing Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) has been outperforming Tesla, Inc. (NASDAQ:TSLA) in China in terms of sales. California Governor Gavin Newsom praised BYD's ultra-luxury Yangwang U8 extended-range EV during a visit to China. BYD sold 286,903 new energy vehicles in September, compared to Tesla's 74,073 made-in-China vehicles. BYD expects its Q3 profits to increase by 67%-102% YoY due to strong sales and effective cost controls.

Portfolio Pulse from Shanthi Rexaline

October 25, 2023 | 6:10 am

GM

General Motors' autonomous driving unit, Cruise, reported a 47% increase in losses from $497 million to $732 million in the last quarter due to ambitious scaling efforts. Despite this, GM's CEO Mary Barra remains optimistic about Cruise's growth and expansion. However, the California Department of Motor Vehicles suspended Cruise's autonomous vehicle deployment and driverless testing permits in San Francisco due to safety concerns. Morgan Stanley's Adam Jonas remains bullish on Cruise's prospects, predicting $1 billion in revenue by 2025.

Portfolio Pulse from Anan Ashraf

October 25, 2023 | 5:37 am