Streetbeat News

Earnings

DCFC

Tritium, a manufacturer of DC fast charging (DCFC) equipment for electric vehicles, reported a 1H FY23 revenue of $112M, a significant increase from $29M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 9:55 am

DRI

Darden Restaurants, Inc. (NYSE:DRI) is set to report its Q1 2024 financial results on Sept. 21, 2023. Analysts predict earnings of $1.73 per share, up from $1.56 per share a year ago, and revenue of $2.71 billion, up from $2.47 billion. Several analysts have revised their ratings and price targets for DRI ahead of the earnings call.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 9:11 am

iHuman Inc reported an 11.7% YoY increase in average total MAUs for Q2, reaching 20.33 million. The number of paying users was 1.31 million.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:26 am

iHuman (NYSE:IH) reported Q2 earnings of $0.11 per share, a 57.14% increase YoY. However, sales decreased by 3.47% to $33.23 million compared to $34.43 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:24 am

DRI

FDS

FDX

KBH

SCHL

FactSet Research Systems, FedEx Corp, Darden Restaurants, KB Home, and Scholastic Corporation are the stocks to watch heading into Thursday. FactSet Research is expected to report quarterly earnings of $3.50 per share on revenue of $535.28 million. FedEx reported better-than-expected earnings for its first quarter, but lowered its full-year revenue guidance. Darden Restaurants is expected to have earned $1.73 per share on revenue of $2.71 billion. KB Home reported upbeat earnings and sales results for its third quarter. Scholastic is expected to post a quarterly loss at $1.20 per share on revenue of $268.79 million.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 8:03 am

DRI

FDS

GIS

SCHL

The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range, causing a decline in overall sentiment among U.S. investors and a drop in U.S. stocks. General Mills Inc reported better-than-expected earnings for its first quarter. Investors are awaiting earnings results from FactSet Research Systems Inc., Darden Restaurants, Inc., and Scholastic Corporation.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 7:19 am

TSLA

Tesla's Giga Texas factory is likely to pause Model Y and Cybertruck production until the end of September, according to drone videographer and Tesla influencer Joe Tegtmeyer. The pause is due to plant upgrades, which were communicated by CEO Elon Musk and then CFO Zachary Kirkhorn on the second-quarter earnings call. Despite the pause, more cars of employees were found in the parking lot, indicating that testing, training, and calibration work may be underway. Future Fund’s Gary Black expects third-quarter deliveries to be below the 466,000 units delivered in the second quarter.

Portfolio Pulse from Shanthi Rexaline

September 21, 2023 | 7:15 am

VALN

Valneva (NASDAQ:VALN) reported Q2 losses of $(0.26) per share, a 90.91% increase YoY. Sales were reported at $43.85M, a 42.35% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 7:12 am

FDS

FactSet Research Systems Inc. (NYSE:FDS) is expected to report higher Q4 earnings of $3.50 per share, up from $3.13 per share a year ago. Revenue is projected to be $535.28 million, compared to $499.3 million in the year-ago period. The company's shares fell 0.6% to close at $423.77 on Wednesday. Several analysts have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 6:56 am

ENVX

FDX

MARA

TSLA

UPTD

The stock market showed a mixed reaction to the Federal Reserve's decision to maintain the key overnight interest rate unchanged. TradeUP Acquisition Corp. (UPTD) saw a significant increase of 26.42% after announcing an extension for its initial business combination deadline. FedEx Corp. (FDX) experienced a slight uptick of 0.22% after reporting its first-quarter results. Marathon Digital Holdings (MARA) declined by 2.82% after announcing the completion of privately negotiated convertible note exchanges. Enovix Corporation (ENVX) decreased by 5.39% after announcing the acquisition of Korean battery manufacturer Routejade. Tesla Inc. (TSLA) shares dropped by 1.47% influenced by the broader market’s reaction to the Federal Reserve’s decision.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 1:53 am