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Earnings

ASAN

DBGI

NVAX

TSLA

U.S. stocks ended in red with the Dow Jones falling by nearly 200 points or 0.56%. Novavax shares surged by 10.23% due to increasing COVID cases in the US. Zscaler’s stock appreciated by 2.75% after reporting a 43% YoY increase in its Q4 revenue. Digital Brands Group's stock jumped 31.56% after announcing the closure of its offering for the issuance and sale of shares. Asana’s stock showed a marginal increase of 0.05% after Q2 results surpassed market expectations. Tesla’s stock climbed by 4.69% after Ark Invest's CEO reiterated her $2,000 price target for Tesla by 2027.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 1:41 am

ALTG

AREB

AULT

AVAV

DSS

ESGL

GDC

GRIN

NEOV

RCRT

VINO

XOS

The article reports on the movement of 12 industrial stocks in Tuesday's after-market session. Gaucho Group Holdings, AeroVironment, ESGL Holdings, NeoVolta, American Rebel Holdings, and Recruiter.Com Group saw their stocks rise, while GD Culture Group, DSS, Ault Alliance, Grindrod Shipping Hldgs, Alta Equipment Group, and Xos saw their stocks fall.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 9:31 pm

CTNT

Cheetah Net Supply Chain (NASDAQ:CTNT) reported Q2 earnings of $0.01 per share, unchanged YoY. However, sales decreased by 41.35% to $12.20 million from $20.80 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:11 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) reported Q2 earnings of one cent per share, beating the analyst consensus estimate of losses of three cents. Revenues of $139.58 million also beat the estimate of $129.67 million, growing 38.14% YoY. The company raised its Q3 and full-year 2024 guidance. The stock rose 4.14% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

September 05, 2023 | 9:07 pm

GTLB

GitLab's shares are trading higher after the company reported better-than-expected Q2 results. GitLab also issued strong guidance for Q3 and FY24.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:00 pm

Former Ford Motor Company CEO Mark Fields compared the soaring prices in the car market to those of the housing industry, stating that one needs to make over $100,000 a year to afford a new car. The average new car loan now averages about $760 per month, a 35% increase from 2020. Ford shares are currently trading at $12.06 with a yield of 4.94%. To earn $500 per month from the stock, one would need to buy about 10,071 shares, costing about $121,457.

Portfolio Pulse from AJ Fabino

September 05, 2023 | 8:44 pm

HGV

Hilton Grand Vacations (HGV) estimates that the impact to Q3 2023 will be $20M-$25M in contract sales and $12M-$15M in adjusted EBITDA.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:34 pm

Hawaiian Holdings Inc has updated its Q3 and full-year forecasts. The company expects Q3 ASMs to increase by 4.0% to 5.5%. It also anticipates its capacity for the year ending December 31, 2023, to rise by approximately 8%-10%. Additionally, the company predicts its gallons of jet fuel consumed for the same period to increase by around 12.5%-14.5%.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:29 pm

Zscaler Inc's Q4 revenue increased by 43% YoY to $455.01 million, beating the consensus estimate of $430.42 million. The company reported quarterly earnings of 64 cents per share, surpassing analyst estimates of 49 cents per share. Zscaler also provided strong guidance for the fiscal first quarter and full year, with revenue and earnings per share expected to exceed estimates. The company's shares were trading higher after hours.

Portfolio Pulse from Adam Eckert

September 05, 2023 | 8:28 pm

HGV

Hilton Grand Vacations (HGV) has provided an update on the impact of the Maui wildfires on its operations. The company anticipates a significant decline in contract sales activity at its Maui properties for the rest of the year. It estimates that the impact to Q3 2023 will be $20 to $25 million in contract sales and $12 to $15 million in Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:23 pm