Streetbeat News

Earnings

WB

Weibo Corp reported mixed second-quarter results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:34 am

GES

Guess? Inc. reported better-than-expected Q2 FY24 results and issued above-consensus FY24 EPS guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:29 am

WB

Weibo Corp reported an increase in its monthly active users (MAUs) to 599 million in June 2023, up by 17 million users YoY. Daily active users (DAUs) also increased to 258 million, up by 5 million users YoY. Mobile MAUs represented 95% of total MAUs.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:23 am

WB

Weibo (NASDAQ:WB) reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.51 by 3.92%. This is a 15.22% increase from the same period last year. However, the company's quarterly sales of $440.24 million missed the analyst consensus estimate of $440.94 million by 0.16%, marking a 2.20% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:20 am

VIOT

Viomi Technology Co (NASDAQ:VIOT) reported H1 losses of $(0.11) per share and $179.90 million in sales.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:05 am

NVDA

Nvidia Corp.'s stock received a second price target boost this week from KeyBanc Capital Markets analyst John Vinh, who raised the target from $620 to $670, suggesting a 42% upside. This follows a stellar Q2 where Nvidia's Data Center revenues jumped over 170% YoY to a record $10.32 billion. The company also signaled that visibility extends into 2024, prompting it to seek additional suppliers and plans to increase supply each quarter through next year to meet demand.

Portfolio Pulse from Shanthi Rexaline

August 24, 2023 | 9:03 am

NTES

NetEase (NASDAQ:NTES) reported Q2 earnings of $1.91 per share, beating the analyst consensus estimate of $1.26 by 51.59%. This is a 56.56% increase from the same period last year. However, the company's quarterly sales of $3.31 billion missed the analyst consensus estimate of $3.46 billion by 4.30%, marking a 4.24% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:38 am

DAO

Youdao reported Q2 adjusted losses of $(0.32) per share, beating the analyst consensus estimate of $(0.37) by 13.51%. This is a 39.62% increase over losses from the same period last year. The company also reported quarterly sales of $166.40 million, beating the analyst consensus estimate of $159.23 million by 4.50%. This is a 16.56% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:33 am

DLTR

GES

INTU

NVDA

ULTA

Dollar Tree, NVIDIA, Ulta Beauty, Guess?, and Intuit are stocks to watch heading into Thursday. Dollar Tree is expected to post quarterly earnings of 87 cents per share on revenue of $7.18 billion. NVIDIA reported better-than-expected Q2 results and issued strong Q3 revenue guidance, with an additional $25 billion in share repurchases approved. Ulta Beauty is expected to have earned $5.85 per share on revenue of $2.51 billion. Guess? reported upbeat Q2 results and issued FY24 earnings guidance above estimates. Intuit is expected to report quarterly earnings at $1.43 per share on revenue of $2.64 billion.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 8:23 am

FUTU

Futu Holdings' Q2 report shows a mixed performance. The total number of paying clients increased by 14.3% YoY, daily average client assets rose by 18.3% YoY, and margin financing and securities lending balance increased by 17.6% YoY. However, total trading volume and daily average revenue trades (DARTs) declined by 28.7% and 32.1% YoY respectively.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:14 am