Streetbeat News

Earnings

LX

LexinFintech reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 1:21 pm

HOV

Hovnanian Enterprises has raised its FY23 earnings per share (EPS) forecast to $21-$24 and its revenue forecast to $2.6B-$2.7B.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 1:21 pm

PDCO

Patterson Companies reported mixed Q1 results and reaffirmed its FY24 guidance, leading to a decrease in its share price.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 1:18 pm

HOV

Hovnanian Enterprises reported Q3 earnings of $7.38 per share, a 31.79% decrease YoY. The company also reported sales of $650.00 million, a 15.32% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 1:17 pm

AGBA

AGBA Group Holding Limited has updated its financial projections, taking into account the global slowdown and its impact on Hong Kong's growth trajectory. The Group has adjusted its forecasts and implemented strategic management actions to drive revenue growth and improve platform efficiencies through cost cuts. As a result, AGBA Group expects to deliver a lower loss for the fiscal year 2023 compared to previous forecasts and achieve profitability sooner than anticipated.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:16 pm

PUK

Prudential's shares are trading higher following the release of its 1H results.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 1:15 pm

ZTO

ZTO Express shares are trading lower after the company reported mixed Q2 results.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 1:14 pm

AGIL

AMBA

BBAI

BOX

DTSS

HKIT

HOLO

HPQ

MFH

MVLA

SLNH

TIO

In Wednesday's pre-market session, several IT stocks saw significant movement. AgileThought (AGIL), Tingo Group (TIO), Movella Holdings (MVLA), Datasea (DTSS), Soluna Holdings (SLNH), and BigBear.ai Hldgs (BBAI) saw gains, while Ambarella (AMBA), Box (BOX), MicroCloud Hologram (HOLO), Mercurity Fintech Holding (MFH), HP (HPQ), and Hitek Global (HKIT) experienced losses. Q2 earnings reports for AMBA and BOX, and Q3 earnings report for HPQ were released yesterday.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 1:06 pm

DIS

Walt Disney Co. (NYSE:DIS) is facing a lawsuit from shareholders alleging that the company hid losses from its Disney+ streaming business to meet high subscriber targets. The company's shares are near multi-year lows due to various fundamental issues, including a drop in theme park attendance and challenges in its streaming business. The company's direct-to-consumer business, including Disney+, ESPN+, Hulu, and Hotstar, reported a wider operating loss of $1.47 billion in Q4 2022, causing the stock to fall over 13%. Disney is also involved in a legal dispute with Florida Governor Ron DeSantis over its opposition to the state's “don't say gay” law.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 12:59 pm

BBY

Best Buy Co Inc (NYSE:BBY) reported better-than-expected Q2 results with sales of $9.58 billion and adjusted EPS of $1.22. The company revised its fiscal year 2024 revenue guidance to $43.8 billion-$44.5 billion and expects a comparable sales decline of 4.5% to 6%. Telsey Advisory Group analyst Joseph Feldman maintains Best Buy with a Market Perform and raised the price target from $78 to $85. BBY offers an annual dividend yield of 4.78%, which is a quarterly dividend amount of $0.92 a share.

Portfolio Pulse from Priya Nigam

August 30, 2023 | 12:57 pm