Streetbeat News

Earnings

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

FUTU

Futu Holdings (NASDAQ:FUTU) reported Q2 earnings of $1.09 per share, beating the analyst consensus estimate of $0.88 by 23.52%. This is a 78.2% increase from the same period last year. The company also reported quarterly sales of $317.10 million, beating the analyst consensus estimate of $279.61 million by 13.41%. This is a 42.45% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:08 am

FRO

Frontline (NYSE:FRO) reported Q2 earnings of $0.94 per share, beating the analyst consensus estimate of $0.83 by 13.25%. This is a 347.62% increase from the same period last year. The company also reported quarterly sales of $522.15 million, beating the analyst consensus estimate of $336.39 million by 55.22%, a 73.80% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:22 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) reported better-than-expected Q2 results and guided Q3 revenue to $1.6 billion, exceeding consensus estimates. The company's performance has been praised by analysts, with Gene Munster of Deepwater Asset Management stating that even Apple did not see two consecutive quarters of 30% plus revenue guide ups during its peak. However, questions have been raised about the sustainability of the growth rates.

Portfolio Pulse from Shanthi Rexaline

August 24, 2023 | 7:02 am

YI

111 (NASDAQ:YI) reported Q2 losses of $(0.06) per share, a 57.14% increase from $(0.14) per share YoY. The company's sales for the quarter were $497.60M, a 9.74% increase from $453.43M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:58 am

BURL

Burlington Stores, Inc. (NYSE:BURL) is expected to report higher Q2 earnings of 43 cents per share, up from 35 cents per share a year ago. The company's revenue is projected to be $2.17 billion, compared to $1.99 billion in the year-ago period. The company's shares rose 3.7% to close at $169.95 on Wednesday. Several analysts have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 6:36 am

DLTR

FL

INTU

NVDA

ULTA

U.S. stocks closed higher on Wednesday, with the Nasdaq Composite recording gains for three straight sessions. Foot Locker's shares fell by over 28% after a Q2 revenue miss and an 11% rise in inventories. NVIDIA's shares gained 6.6% in after-hours trading following better-than-expected Q2 results and strong Q3 revenue guidance. Investors are awaiting earnings results from Dollar Tree, Ulta Beauty, and Intuit.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 6:23 am

BMA

Banco Macro's Q2 2023 net interest income was Ps.107.9 billion, down 11% from Q1 2023 and 7% YoY. However, its interest income was Ps.307.1 billion, up 9% from Q1 2023 and 48% YoY. Earnings per share were Ps.69.02, a 264% increase from Q1 2023 and 394% YoY. The bank's net income was Ps.44.2 billion, a 265% increase from Q1 2023 and 394% YoY. Total deposits increased 5% QoQ and 3% YoY, totaling Ps.1.9 trillion.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 5:19 am

META

NVDA

Meta Platforms Inc (NASDAQ:META) shares are trading higher by 2.3% to $301.00 during Wednesday's after-hours session amid broader tech sector strength. The rise is attributed to the strong financial results and guidance from NVIDIA, a leader in the AI sector. Meta Platforms, which also integrates AI in its operations, could benefit from the growing adoption of AI technologies. NVIDIA's strong AI performance could suggest advancements in AI technologies, which could translate into improved AI-powered services by Meta Platforms.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:23 am

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading higher by 1.5% amid broader tech sector strength, following NVIDIA's strong Q2 financial results and Q3 guidance. Microsoft's investment in AI technologies, similar to NVIDIA's, suggests a growing demand for AI technologies, boosting investor confidence in Microsoft's AI-driven initiatives.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 11:49 pm