Streetbeat News

Earnings

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

QSG

QuantaSing Group Limited (NASDAQ:QSG) reported a 31.7% YoY increase in revenues to $114.2 million in Q4 FY 2023, primarily due to revenues from personal interest courses. Revenues from individual online learning services and enterprise services also increased. The company's total registered users grew by 60.6% to approximately 94.3 million. The company also announced plans to enter the live e-commerce sector. For Q1, the company expects revenues of $107.6 - $111.7 million, representing a YoY increase of 18.3% - 22.8%.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 8:32 am

QSG

QuantaSing Group Limited reported Q4 revenues of $114.2M, up 31.7% YoY. The company also saw an increase in total registered users by 60.6% to approximately 94.3M, and paying learners increased by 29.9% to around 400K. Gross billings also increased by 23% YoY to $103.3M.

Portfolio Pulse from Charles Gross

September 15, 2023 | 8:31 am

SFIX

Stitch Fix, Inc. (NASDAQ:SFIX) is expected to report a narrower loss for its Q4 financial results on Sept. 18, 2023. Analysts predict a loss of 21 cents per share, compared to a loss of 64 cents per share in the same period last year. The company's revenue is expected to be $371.36 million, down from $481.9 million in the year-ago period. Several analysts have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 7:04 am

ADBE

CPRT

JBHT

LITB

MITK

Adobe Inc. reported better-than-expected Q3 earnings but issued in-line sales forecast for Q4, leading to a 1.8% drop in shares. Copart, Inc. and Mitek Systems, Inc. reported upbeat Q4 and Q2 results respectively, leading to slight gains in shares. LightInTheBox Holding Co., Ltd. is set to release its Q2 results. J.B. Hunt Transport Services, Inc. announced plans to acquire brokerage assets of BNSF Logistics, LLC, leading to a 1.6% gain in shares.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 7:02 am

PPIH

Perma-Pipe Inlt Hldgs (NASDAQ:PPIH) reported a decrease in Q2 earnings and sales YoY. Earnings per share fell by 43.48% to $0.13 from $0.23, and sales dropped by 5.03% to $35.14M from $37.00M.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 6:18 am