Streetbeat News

Earnings

BTBT

Bit Digital, Inc. (NASDAQ:BTBT) announced its monthly production update for August 2023, reporting a 5% increase in BTC production compared to the previous month. The company's active hash rate was approximately 2.03 EH/s as of August 31, 2023. Treasury holdings of BTC and ETH were 758.5 and 13,002.1 respectively, with a fair market value of approximately $19.7 million and $21.4 million. The company had cash and cash equivalents of $24.9 million as of August 31, 2023.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:01 pm

HQY

HealthEquity reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.47 by 12.77%. This is a 60.61% increase from the same period last year. The company also reported quarterly sales of $243.50 million, beating the analyst consensus estimate of $238.89 million by 1.93%. This is an 18.12% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:00 pm

ZM

Zoom Video Communications, Inc. (NASDAQ:ZM) shares are trading higher following the company's Q2 earnings report, which exceeded analyst expectations. The company also issued strong earnings per share guidance for Q3 and full-year 2024. Since the report, the stock has risen over 7%.

Portfolio Pulse from Ryan Gustafson

September 05, 2023 | 7:45 pm

JKS

Shares of JinkoSolar Holding Co., Ltd (NASDAQ:JKS) are trading lower by 3.1% due to slower-than-expected August service sector activity growth in China, as reported by Caixin Services PMI data. This could lead to delays in commercial and industrial solar installations, which JinkoSolar supplies. If businesses postpone or scale back their solar projects due to economic uncertainty, it can directly affect JinkoSolar's revenue and earnings.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 7:43 pm

BCDA

CRMT

MANU

VERB

U.S. stocks traded mostly lower with the Dow Jones falling 100 points. Energy shares jumped by 1.2% while utilities shares fell by 2%. America’s Car-Mart Inc reported weaker-than-expected earnings for its first quarter. Verb Technology shares shot up 139% after launching a technology integration with TikTok. Manchester United shares dropped 20% following a report suggesting the Glazer family will take the club off the market. BioCardia was down 29% after releasing interim efficacy results in the phase 3 pivotal CardiAMP cell therapy heart failure trial.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 6:30 pm

WW

WW International has seen a significant increase in the volume of its Sep 22 $10.5 calls, with 1441 contracts traded near the ask price of $0.401, compared to an open interest of 61. The company is expected to announce its earnings on November 2, after market close.

Portfolio Pulse from Charles Gross

September 05, 2023 | 6:29 pm

GME

GameStop Corporation (NYSE:GME) shares are trading higher on above-average volume ahead of its Q2 financial results announcement. The company is expected to report a loss of 14 cents per share and revenue of $1.14 billion. Short-sellers continue to target GameStop with 19.12% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

September 05, 2023 | 6:03 pm

LX

LexinFintech Holdings (NASDAQ:LX) reported Q2 earnings of $0.30 per ADS, a 100% increase YoY. Sales also increased by 16.99% to $421.42 million.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:27 pm

STX

Traders are circulating comments from Seagate Technology at the Goldman Sachs Communacopia and Technology Conference, indicating that the company's revenue and EPS are tracking to the low end of prior guidance due to its exposure to China.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:24 pm

GME

GameStop Corp (NYSE:GME) is set to report its Q2 financial results. Analysts expect a revenue of $1.14 billion and a loss of 14 cents per share. The company has missed revenue estimates in three of the last four quarters and earnings per share estimates in six of the last eight quarters. Wedbush analyst Michael Pachter predicts more downside for the company, citing underwhelming Microsoft hardware sales and other factors. The company has also seen several personnel changes in 2023, including the resignation of CEO Matt Furlong and CFO Diana Saadeh-Jajeh.

Portfolio Pulse from Chris Katje

September 05, 2023 | 4:46 pm