Streetbeat News

Earnings

RIVN

TSLA

Rivian Automotive's Q3 deliveries exceeded expectations, but the company's shares fell as it left its 2023 production guidance unchanged. Analyst Gary Black suggests there's a high likelihood Rivian will raise their production guidance with Q3 earnings. Rivian's performance is significant as it contrasts with Tesla's Q3 sales, which were below expectations.

Portfolio Pulse from Shanthi Rexaline

October 03, 2023 | 5:17 am

VVPR

VivoPower International PLC reported a 33% year-on-year decline in its annual group revenue from continuing operations to $15.1 million. The company's adjusted net after-tax loss narrowed to $14.2 million, and adjusted EPS to $0.58 per share, from a $19.1 million loss and $0.92 per share respectively for FY22.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 9:05 pm

FOUR

Shift4 Payments has reaffirmed its guidance for the year ending December 31, 2023, which was previously provided during its Q2 earnings call.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:44 pm

MHUA

Meihua International Medical Technologies Co reported its 1H revenues of $48.2M, marking a decrease of 12.1% YoY.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 8:31 pm

CIFR

Cipher Mining Inc. (NASDAQ:CIFR) has released its unaudited production and operations update for September 2023. The company mined approximately 416 BTC in September, a 16% increase from the previous month. Cipher also completed the final phase of the build-out of the Odessa facility, achieving its Q3 goal of 7.2 EH/s of bitcoin mining capacity. The company sold around 382 BTC in September, ending the month with a balance of approximately 553 BTC.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:15 pm

META

Meta Platforms, Inc. (NASDAQ:META) will release its Q3 2023 financial results after market close on October 25, 2023. The company will host a conference call to discuss the results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast, earnings press release, financial tables, and slide presentation will be available on the Meta Investor Relations website.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:13 pm

ODD

Oddity Tech Ltd. (NASDAQ:ODD) has announced preliminary unaudited financial results for Q3 2023, expecting to report record results and beat revenue guidance. The company anticipates a YoY net revenue growth for Q3 between 29-31%, exceeding initial guidance of 18-23%. The strong financial results are attributed to the company's platform, which is transforming the global beauty and wellness market. The company's brands, IL MAKIAGE and SpoiledChild, continue to deliver high growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:08 pm

RIVN

TSLA

Shares of electric vehicle (EV) stocks traded lower following the announcement of Q3 delivery and production figures by Tesla and Rivian. The article does not provide specific details about the figures.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:02 pm

CCL

Carnival Corporation's (NYSE:CCL) shares are trading lower despite beating analyst consensus estimates for Q3 earnings and sales. The company also issued Q4 EBITDA guidance between $800 million and $900 million and expects Q4 occupancy of 101% or higher. Full-year 2023 EBITDA is anticipated to be between $4.1 billion and $4.2 billion with full-year 2023 occupancy expected to be 100% or higher. William Blair analyst Sharon Zackfia reinstated Carnival with an Outperform.

Portfolio Pulse from Ryan Gustafson

October 02, 2023 | 7:51 pm

VFS

Shares of VinFast Auto Ltd. (NASDAQ:VFS) dropped on Monday due to several factors. The stock has been volatile since its debut on Nasdaq in mid-August. The majority of shares are held by only three companies, which has contributed to the stock's decline. The company's second-quarter financial results also led to a decrease in share price. However, a recent report suggesting the company's plan to set up a manufacturing plant in India boosted the stock last Thursday, but the selloff resumed on Monday, with shares trading lower by over 21%.

Portfolio Pulse from Ryan Gustafson

October 02, 2023 | 7:48 pm