Streetbeat News

Earnings

LI

Li Auto projects Q3 2024 revenue between $5.4B and $5.8B, slightly below the $5.74B estimate, with vehicle deliveries expected to rise 38%-47.5% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:38 am

LI

Li Auto reported Q2 earnings per share of $0.20, surpassing the estimate of $0.19. However, their sales of $4.36 billion fell short of the expected $4.45 billion.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:34 am

AMWD

HPQ

NVDA

SCSC

SJM

U.S. stocks edged higher on Tuesday, with the S&P 500 and Nasdaq Composite both rising by 0.16%. Investors are anticipating earnings reports from NVIDIA, HP, and The J. M. Smucker Company. The CNN Money Fear and Greed index improved to a 'Neutral' zone. ScanSource and American Woodmark reported worse-than-expected financial results, impacting their stock prices negatively.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 8:26 am

FL

Foot Locker, Inc. (NYSE:FL) is set to release its Q2 earnings on Aug. 28, with analysts expecting a loss of 7 cents per share. Recent analyst ratings show mixed sentiments, with some raising price targets and others downgrading the stock.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 7:49 am

LX

LexinFintech Holdings reported a decrease in Q2 EPS to $0.21 from $0.28 YoY, despite a sales increase to $500.98M from $421.42M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:07 am

PRTC

PureTech Health reported a significant decline in its financial performance for the first half of the year, with EPS dropping to $(0.15) from $(0.09) and sales plummeting to $288K from $3.15M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:27 am

GOGL

Golden Ocean Group reported Q2 2024 earnings of $0.31 per share, surpassing the $0.29 estimate, and sales of $250.091M, exceeding the $194.290M estimate. This marks significant growth compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:24 am

ARBK

Argo Blockchain reported H1 2024 revenue of $29.3M, an 18% increase YoY, despite a 46% decrease in Bitcoin mined. The net loss widened to $32.7M from $18.6M YoY. The company raised funds through share issuance and reduced its Galaxy loan significantly. It also recorded a $22M impairment on mining machines.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:20 am

BOX

HPQ

JWN

NVDA

SJM

Nvidia, Nordstrom, HP, Box, and J.M. Smucker are key stocks to watch as they report earnings. Nvidia and HP are set to release their earnings, while Nordstrom and Box have already reported better-than-expected results. J.M. Smucker is also expected to release its earnings soon.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 6:00 am

YY

JOYY Inc. (NASDAQ:YY) reported Q2 earnings of $1.17 per share, surpassing the $0.89 estimate, despite a 9.3% decrease from last year. Sales reached $565.13M, beating the $558.00M estimate and marking a 3.25% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:52 am