Streetbeat News

Earnings

RERE

ATRenew (NYSE:RERE) reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.06 by 50%. However, the company reported quarterly sales of $408.70 million, beating the analyst consensus estimate of $397.98 million by 2.69%. This represents a 27.58% increase over sales of $320.35 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:12 am

RERE

ATRenew expects its total revenues for Q3 2023 to be between RMB3,150.0 million and RMB3,250.0 million, which is higher than the estimated $476.43 million.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:11 am

RERE

ATRenew (NYSE:RERE) reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.06 by 50%. However, the company's quarterly sales of $408.70 million beat the analyst consensus estimate of $397.98 million by 2.69%. This represents a 400% increase in earnings and a 27.58% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:09 am

YMM

Full Truck Alliance Co. Ltd expects its Q3 2023 revenue to be between RMB2.16 billion and RMB2.20 billion, representing a YoY growth rate of 19.2% to 21.6%. This is higher than the estimated $303.09 million.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:07 am

YMM

Full Truck Alliance Co (NYSE:YMM) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.06 by 50%. This is a 125% increase from the same period last year. The company also reported quarterly sales of $284.37 million, beating the analyst consensus estimate of $275.20 million by 3.33%, a 14.05% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:04 am

ADI

DKS

LOW

NVDA

WSM

Investor sentiment improved ahead of Federal Reserve chair Jerome Powell's speech at the Jackson Hole Symposium. The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors. However, U.S. stocks closed mostly lower due to concerns over increasing Treasury yields and reduced credit ratings for several U.S. banks. DICK'S Sporting Goods and Lowe's Companies reported their quarterly earnings, with DICK'S shares falling over 24% and Lowe's shares gaining 3.8%. Investors are awaiting earnings results from Analog Devices, Williams-Sonoma, and NVIDIA Corporation.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 7:17 am

AAP

Advance Auto Parts, Inc. (NYSE:AAP) is expected to report a sharp decline in its Q2 2023 earnings, with analysts predicting earnings of $1.66 per share, down from $3.74 per share in the same period last year. The company's revenue is expected to be $2.66 billion, slightly lower than the $2.67 billion reported in the year-ago period. Several analysts have recently downgraded their price targets for the company's stock.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 6:54 am

MIGI

Mawson Infrastructure Group Inc. (MIGI) reported a 23% month-on-month increase in total revenue equivalent in Bitcoin (BTC) for July 2023. The total operational capacity as of July 31, 2023, was approximately 96 Megawatts. However, the total self-mining BTC decreased by 2.8%.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:19 am

AMTD

DKS

NVAX

TSLA

VFS

Five stocks drew significant investor attention due to various reasons. AMTD Digital surged by 27.40% due to strong quarterly results. Vinfast Auto Group experienced a growth of 108.87% due to positive market sentiment. Novavax rose by 13.51% after announcing that its updated COVID-19 vaccine generated neutralizing antibody responses to certain subvariants. Dick’s Sporting Goods declined by -24.15% as its earnings missed expectations. Tesla edged up by 0.83% amid industry developments and the departure of a key engineer.

Portfolio Pulse from Benzinga Neuro

August 23, 2023 | 1:37 am

ZM

Zoom Video Communications, Inc. (NASDAQ:ZM) reported Q2 earnings of $1.34 per share, beating the analyst consensus estimate of $1.05. The company also reported quarterly sales of $1.14 billion, surpassing the analyst consensus estimate of $1.11 billion. However, Zoom's shares fell on Tuesday after several analysts adjusted their price targets on the company.

Portfolio Pulse from Ryan Gustafson

August 22, 2023 | 9:47 pm