Streetbeat News

Earnings

ADBE

Adobe Inc. reported its Q3 financial results and issued guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 12:38 pm

PGR

Progressive Corp reported a 23% growth in net income in August, with an EPS of $0.25. The company also saw an 11% year-on-year increase in total policies, reaching 29.6 million.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 12:18 pm

BKYI

REFR

SOL

Insiders at Emeren Group Ltd (SOL), Research Frontiers Incorporated (REFR), and BIO-key International, Inc. (BKYI) have recently purchased shares, indicating confidence in their respective companies. Emeren Group and BIO-key International posted better-than-expected Q2 earnings, while Research Frontiers reported a narrower loss for the same period.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 11:28 am

PRE

Prenetics Global Limited reported Q2 revenue of $5.7M, an EPS loss of $(0.10), and a cash balance of $214.5M.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 11:03 am

HYW

Hywin Holdings reported its FY23 diluted EPADS at $0.65, with net revenues increasing by 7.7% YoY to $301.28 million.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:08 am

TSLA

Future Fund Managing Partner Gary Black expects Tesla's Q3 deliveries to be lower than expected due to a drop in volume estimates and erosion in auto gross margin. He predicts 445,000 units compared to the consensus estimate of 462,000 units. The high level of discounting on existing Model Y inventories is another concern. However, Black remains bullish on Tesla, expecting a reversal in Q4. Tesla shares rose 0.34% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

September 15, 2023 | 10:06 am

LITB

LightInTheBox Holding (NYSE:LITB) reported Q2 losses of $(0.01) per share, a 50% improvement from $(0.02) per share YoY. Sales increased by 44.89% to $191.77 million from $132.35 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:02 am

HPK

HighPeak Energy has reported that its Q3 production has continued to average over 50,000 barrels of oil equivalent (Boe) per day, in line with its expectations. The company also announced the closing of a $1.2 billion term loan financing.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 9:36 am

QSG

QuantaSing Group (QSG) expects its Q1 FY 2024 revenues to be in the range of RMB780.0 million to RMB810.0 million, representing a YoY increase of 18.3% to 22.8%. These forecasts are based on the company's current market and operating conditions, which may change.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 9:09 am

QSG

QuantaSing Group (NASDAQ:QSG) reported Q4 earnings of $0.07 per share and $114.23 million in sales.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 9:07 am