Streetbeat News

Earnings

AVGO

Broadcom Inc. (NASDAQ:AVGO) reported strong Q3 earnings, exceeding market estimates with a revenue of $8.88 billion and earnings per share of $10.54. However, the company issued a weak forecast for Q4, expecting revenue of approximately $9.27 billion. The company's dividend yield is currently 2.06%, which equates to a quarterly dividend of $4.60 per share. To earn $500 monthly from Broadcom dividends, an investor would need to own approximately $300,862 worth of Broadcom, or 326 shares.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 12:52 pm

PD

PagerDuty Inc (NYSE:PD) shares dropped over 10% due to a soft outlook despite reporting Q2 FY24 revenue growth of 19% Y/Y to $107.62 million, beating the consensus of $104.18 million. The company expects Q3 adjusted EPS of $0.13-$0.14 vs. consensus of $0.15 and revenue of $106.5 million-$108.5 million vs. street view of $106.91 million. For FY24, the company revised the outlook for revenue to $426 million-$430 million from $425 million - $430 million vs. the consensus of $427.73 million.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 12:42 pm

DELL

EOSE

ME

Eos Energy announced 'Project AMAZE,' a $500 million program to address long-duration energy storage demand, causing its shares to rise. 23andMe was granted new FDA clearance to report additional BRCA variants. Dell Technologies reported Q2 EPS of $1.74, beating the $1.14 estimate, and sales of $22.93B, beating the $20.85B estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

September 01, 2023 | 12:34 pm

SPY

The USA Average Hourly Earnings for August increased by 0.2%, which is lower than the estimated 0.3% and the prior month's 0.4%.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:31 pm

ADSK

COIN

CRM

EXPE

Insiders at Autodesk, Expedia Group, Salesforce, and Coinbase Global have recently sold shares. Autodesk and Salesforce reported better-than-expected Q2 results and issued FY24 guidance above estimates. Expedia Group posted upbeat quarterly earnings. Coinbase acquired an equity stake in Circle, the co-founder of the USD Coin.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 12:23 pm

AVGO

Broadcom's shares are trading lower following the release of its Q3 financial results and guidance.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 12:14 pm

LI

Li Auto Inc. reported a 663.8% Y/Y increase in vehicle deliveries in August 2023, with 34,914 vehicles delivered. The company's three Li L series models have been popular, helping it secure over 30% market share in China's NEV market for vehicles priced RMB300,000 and above. The company expects Q3 vehicle deliveries to increase by 277.0% - 288.3% Y/Y. Li Auto's shares are trading higher by 2.09% to $42.52 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 12:14 pm

ESTC

Elastic's shares are trading higher following the company's Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 12:13 pm

S

SentinelOne reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 12:13 pm

NTNX

Nutanix reported better-than-expected Q4 financial results and announced a share repurchase program, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 12:13 pm