Streetbeat News

Earnings

VNET

VNET Gr (NASDAQ:VNET) reported Q2 earnings per share (EPS) of $(0.24), missing the analyst consensus estimate of $(0.05) by 380 percent. This is a 33.33 percent increase over losses from the same period last year. The company also reported quarterly sales of $251.23 million, missing the analyst consensus estimate of $258.61 million by 2.85 percent, a 2.44 percent decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:41 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) reported Q2 earnings per share of $2.70, a 422% YoY increase, beating analysts' expectations of $1.91. Revenue climbed 101% YoY to $13.51 billion, surpassing the consensus estimate of $10.3 billion. The company's Q3 outlook expects revenue of $16 billion. Nvidia's stock has gained 219% this year, making it the best-performing S&P 500 stock. After closing 3.17% higher at $503.37 on Wednesday, the stock rose by 6.84% in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 8:36 pm

GES

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

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:34 pm

VNET

VNET Group has projected its net revenues for FY23 to be between RMB7,600 million and RMB7,900 million, indicating a YoY growth of 7.6% to 11.8%. The company also expects its adjusted EBITDA to range from RMB2,025 million to RMB2,125 million, representing a YoY growth of 8.1% to 13.5%. These estimates remain unchanged from previous forecasts.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:33 pm

VNET

VNET Gr (NASDAQ:VNET) reported Q2 EPS of $(0.04), beating the estimate of $(0.05) by 20%. However, the company's sales of $251.20M missed the estimate of $258.61M by 2.87%. This represents a 88.89% increase in EPS and a 2.45% decrease in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:31 pm

AMD

MRVL

NVDA

PLTR

SMCI

TSM

Shares of several semiconductor and AI-related stocks are trading higher in sympathy with NVIDIA, which reported strong Q2 financial results and Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:30 pm

ZJYL

Jin Medical International Limited reported H1 revenue of $10.25M, an 8.3% increase YoY. Revenues from wheelchair products were $8.38M, up 5.4% YoY, and revenues from wheelchair components and other products were $1.87M, up 23.3% YoY. Net income was $1.77M, a 44.1% increase YoY. The company's business operations have recovered to pre-pandemic levels due to the relaxation of the Zero-COVID policy in China and the rapid development of China's sharing economy.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:26 pm

NVDA

NVIDIA reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. The company also approved an additional $25 billion in share repurchases, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:25 pm

AMD

AVGO

MRVL

NVDA

PLTR

Shares of AI and semiconductor stocks have surged following strong earnings and guidance from NVIDIA. The positive news from NVIDIA has had a ripple effect on other companies in the sector, including AI, AMD, AVGO, MRVL, and PLTR.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:25 pm

NVDA

Nvidia has projected its Q3 revenue for fiscal 2024 to be around $16 billion, a significant increase from the estimated $12.61 billion. The company also expects GAAP and non-GAAP gross margins to be 71.5% and 72.5% respectively, and operating expenses to be approximately $2.95 billion (GAAP) and $2.00 billion (non-GAAP).

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:24 pm