Streetbeat News

Earnings

CSCO

DLO

MRCY

TJX

The article highlights five stocks to watch on Wednesday: The TJX Companies, Inc. (TJX), Mercury Systems, Inc. (MRCY), JD.com, Inc. (JD), DLocal Limited (DLO), and Cisco Systems, Inc. (CSCO). TJX is expected to post quarterly earnings of 76 cents per share on revenue of $12.42 billion. MRCY reported weaker-than-expected Q4 results and issued a weak FY24 forecast. JD is expected to have earned 67 cents per share on revenue of $38.66 billion. DLO reported better-than-expected Q2 results and reaffirmed FY23 revenue guidance. CSCO is expected to report quarterly earnings of $1.06 per share on revenue of $15.05 billion.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 8:09 am

UCL

Ucloudlink Group (NASDAQ:UCL) reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.02 by 150%. This is a 200% increase from the same period last year. The company also reported quarterly sales of $21.98 million, beating the analyst consensus estimate of $21.65 million by 1.51%. This is a 21.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:09 am

CSCO

KBE

TGT

TJX

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors, with the Dow Jones falling more than 300 points. The SPDR S&P Regional Banking ETF (KBE) declined around 3%. China reported disappointing economic data, while the U.S. saw a rise in retail sales and export prices. The Home Depot, Inc. (HD) reported better-than-expected Q2 results. Investors are awaiting earnings results from Target Corporation (TGT), The TJX Companies, Inc. (TJX), JD.com, Inc. (JD) and Cisco Systems, Inc. (CSCO).

Portfolio Pulse from Lisa Levin

August 16, 2023 | 6:58 am

TGT

Target Corporation (NYSE:TGT) is expected to report a sharp rise in its Q2 earnings at $1.39 per share, up from 39 cents per share a year ago. However, the company's revenue might decrease to $25.18 billion from $26.04 billion in the year-ago period. Several analysts have recently adjusted their price targets for Target, with most of them reducing their estimates.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 6:33 am

PAVM

PAVmed reported Q2 losses of $(0.09) per share, beating the analyst consensus estimate of $(0.19) by 52.63%. However, the company's quarterly sales of $166.00K missed the analyst consensus estimate of $520.00K by 68.08%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:21 am

TGT

TSLA

VFS

Shares of Target, Nu Holdings, Hawaiian Electric, VinFast, and Tesla drew investor attention amid a challenging day for the stock market. Target is preparing to report its Q2 earnings, while Nu Holdings highlighted a 5x revenue growth in its Q2 2023 financial results. Hawaiian Electric faced scrutiny over fire risks and potential impacts on its credit quality. VinFast surged after completing its SPAC merger, and Tesla introduced two new 'standard range' versions of its Model S and X vehicles.

Portfolio Pulse from Benzinga Neuro

August 16, 2023 | 2:05 am

FLHLF

JAQC

Filament Health (OTCQB:FLHLF) has released its Q1 2023 financial results, showing a decrease in total cash and an accumulated deficit of $19.6 million. The company has expressed uncertainties about its ability to execute its business plan and continue operations without additional financing. Filament has announced its intention to list on the NASDAQ through a business combination with Jupiter Acquisition Corp. (NASDAQ:JAQC). The company has also reported progress in its drug development program, including FDA approval of two clinical studies and a global licensing agreement with NeoLumina Bioscience Inc.

Portfolio Pulse from Lara Goldstein

August 15, 2023 | 10:21 pm

FFNTF

4Front Ventures Corp. reported its Q2 2023 financial results, revealing a 1.15% YoY increase in Systemwide Pro Forma revenue to $35.2 million. The company also reported GAAP revenue of $30.7 million, up 8% from Q2 2022, and adjusted EBITDA of $2.0 million. 4Front expanded its presence in Illinois, acquired a third dispensary license, and introduced new products in Massachusetts. However, the company's shares closed 10.42% lower at $0.0851 per share.

Portfolio Pulse from Joana Scopel

August 15, 2023 | 10:15 pm

VEDU

Visionary Education Tech (NASDAQ:VEDU) reported a quarterly loss of $(0.09) per share. However, the company's sales increased by 60.67% to $8.43 million, up from $5.25 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:08 pm

DADA

Dada Nexus, a Chinese on-demand delivery and retail platform, anticipates its Q3 total net revenues to increase year-over-year by 17.6% to 26.0%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:05 pm