Streetbeat News

Earnings

AI

AMD

MRVL

NVDA

PLTR

TSM

NVIDIA Corp reported strong Q2 financial results and Q3 guidance, leading to a rise in its stock price and those of several other semiconductor and AI-related stocks. NVIDIA's Q2 earnings were $2.70 per share, beating the analyst consensus estimate of $2.09. The company also reported quarterly sales of $13.51 billion, surpassing the analyst consensus estimate of $11.22 billion. NVIDIA's Q3 revenue guidance is $16.00 billion, plus or minus 2%. Stocks that gained in sympathy with NVIDIA include C3.ai Inc, Palantir Technologies Inc, Advanced Micro Devices, Inc., Marvell Technology Inc., and Taiwan Semiconductor Mfg. Co. Ltd.

Portfolio Pulse from Ryan Gustafson

August 23, 2023 | 10:12 pm

HKD

AMTD Digital has reported its full-year earnings per share (EPS) of $0.56, marking a 36.6% increase from the previous year's $0.41.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:09 pm

BEST

BEST Inc. (NYSE:BEST) reported Q2 adjusted losses of $(1.03) per ADS, a 52.31% improvement from $(2.16) per ADS in the same period last year. Sales for the quarter were $294.80 million, a 2.50% increase from $287.61 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:02 pm

HKD

AMTD Digital has reported a 55.3% increase in net profit, a 61.2% increase in total assets, a 31.8% increase in net assets, and a 36.6% increase in EPS.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:59 pm

CANG

Cango (NYSE:CANG) reported Q2 adjusted earnings of $0.05 per ADS and sales of $93.10 million. This represents a 133.6% increase in total revenues from the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:34 pm

NVDA

Nvidia's CFO has stated that the company has visibility into demand extending into the next year, during a conference call.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:31 pm

TDCX

TDCX (NYSE:TDCX) reported Q2 adjusted earnings of $0.14 per share, missing the analyst consensus estimate of $0.16 by 12.5%. The company also reported quarterly sales of $126.20 million, missing the analyst consensus estimate of $129.40 million by 2.47%.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:21 pm

GPS

MAT

Gap Inc (NYSE:GPS) is set to report its Q2 financial results on August 24, 2023. Analysts expect the company to report revenue of $3.57 billion and earnings per share of 9 cents. The company has missed revenue estimates in the last two quarters but has beaten or matched earnings per share estimates in four of the last six quarters. Analysts' opinions on Gap's performance are mixed, with some highlighting the company's robust inventory control and potential for strong gross margins. Investors will be watching the performance of Gap's individual brands, inventory and cost controls, and the impact of inflation on consumer spending patterns. Gap's new CEO, Richard Dickson, formerly of Mattel Inc (NASDAQ:MAT), will also be under scrutiny.

Portfolio Pulse from Chris Katje

August 23, 2023 | 9:15 pm

TUYA

Tuya (NYSE:TUYA) reported Q2 earnings of $0.00 per ADS, beating the analyst consensus estimate of $(0.01) by 110 percent. This is a 103.33 percent increase over losses of $(0.03) per ADS from the same period last year. The company also reported quarterly sales of $57.00 million, beating the analyst consensus estimate of $52.37 million by 8.85 percent, but this is a 8.86 percent decrease over sales of $62.55 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:04 pm

SUPV

Grupo Supervielle (NYSE:SUPV) reported Q2 earnings of $0.31 per share, a 263.16% increase YoY. The company also reported $210.50 million in sales, a 62.67% increase YoY.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:54 pm