Streetbeat News

Earnings

NIO

XPEV

Nio (NYSE:NIO) has provided another disappointing earnings call, while competitor XPeng (NYSE:XPEV) has inked a $700 million development deal with Volkswagen and a $744 million partnership with Didi, a Chinese rideshare giant. Jefferies analysts have retained a Buy rating and $25.30 price target for XPeng.

Portfolio Pulse from Thrash Capital

August 30, 2023 | 8:52 pm

PAHC

Phibro Animal Health has projected its net sales for FY24 to be between $1.0B and $1.05B, which is in line with the estimated $1.01B.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:43 pm

PAHC

Phibro Animal Health (NASDAQ:PAHC) reported Q4 adjusted earnings of $0.38 per share, missing the analyst consensus estimate of $0.40 by 5%. The company also reported quarterly sales of $255.00 million, missing the analyst consensus estimate of $258.55 million by 1.37%. This represents a 5.56% increase in earnings but a 0.12% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:41 pm

VEEV

Veeva Systems Inc. reported Q2 earnings of $1.21 per share, beating the analyst consensus estimate of $1.13. The company also reported quarterly sales of $590.20 million, surpassing the analyst consensus estimate of $587.11 million. Veeva issued Q3 earnings per share guidance between $1.26 and $1.27, and revenue estimates between $614 million and $616 million. Full-year 2024 earnings per share is anticipated to be approximately $4.68, with revenue estimated to be between $2.365 billion and $2.370 billion.

Portfolio Pulse from Ryan Gustafson

August 30, 2023 | 8:41 pm

KNOP

KNOT Offshore Partners (NYSE:KNOP) reported Q2 earnings of $0.28 per share, beating the analyst consensus estimate of $(0.03) by 1033.33 percent. This is a 3.45 percent decrease from the same period last year. The company also reported quarterly sales of $73.82 million, beating the analyst consensus estimate of $71.31 million by 3.53 percent, a 15.42 percent increase from the same period last year.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:39 pm

STKH

Steakholder Foods (NASDAQ:STKH) reported a 47.22% decrease in losses for H1, with EPS at $(0.04), compared to $(0.07) YoY.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:35 pm

FEAM

5E Advanced Materials reported a cash balance of $20.3M at the end of the fiscal year. The company's construction in progress was valued at $67.5M, a significant increase from $25.6M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:34 pm

CRWD

CrowdStrike Holdings Inc (NYSE:CRWD) reported Q2 earnings that beat estimates, with revenue of $731.63 million and EPS of 74 cents. Revenue was up 37% YoY, and annual recurring revenue grew 37% to $2.93 billion. The company ended the quarter with $3.17 billion in cash and equivalents. For Q3, CrowdStrike anticipates revenue between $775.4 million and $778 million, and earnings of 74 cents per share. For full-year 2024, the company expects revenue between $3.03 billion and $3.04 billion, and earnings between $2.80 and $2.84 per share.

Portfolio Pulse from Adam Eckert

August 30, 2023 | 8:33 pm

CHWY

Chewy's shares are trading higher following the company's Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:32 pm

KNOP

KNOT Offshore Partners (NYSE:KNOP) reported Q2 sales of $73.80 million, beating the analyst consensus estimate of $71.31 million by 3.49 percent. This represents a 15.39 percent increase over the same period last year.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:32 pm