Streetbeat News

Earnings

BHP

BHP Group has reported a decrease in FY23 earnings and sales compared to the same period last year. Earnings per share fell by 37.05% to $5.30, and sales dropped by 17.36% to $53.80 billion.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 6:44 am

DKS

LOW

M

NVDA

PANW

The Nasdaq Composite ended a four-session losing streak, improving overall investor sentiment. Palo Alto Networks (PANW) shares gained 14.8% after announcing above-estimate EPS guidance. NVIDIA (NVDA) shares climbed 8.5% after KeyBanc and HSBC analysts raised their price targets. Investors are awaiting earnings results from Lowe's Companies (LOW), Dick's Sporting Goods (DKS), and Macy's (M).

Portfolio Pulse from Lisa Levin

August 22, 2023 | 6:39 am

MNSO

MINISO Group Holding (NYSE:MNSO) reported Q4 earnings of $0.25 per share, beating the analyst consensus estimate of $0.22 by 13.64%. This is a 127.27% increase from the same period last year. The company also reported quarterly sales of $448.50 million, beating the analyst consensus estimate of $434.37 million by 3.25%, a 29.62% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 5:02 am

BIDU

MRNA

NVDA

TSLA

ZM

US stocks showed mixed performance with the Nasdaq Composite gaining 1.56% while the Dow dipped slightly by 0.11%. The S&P 500 rose by 0.69%. NVIDIA, Zoom, Moderna, Baidu, and Tesla were the top stocks that gained attention. NVIDIA shares soared by 8.47% due to positive sentiments about its position in AI trends. Zoom's stock rose by 1.48% amid concerns related to the EG.5 COVID-19 variant. Moderna's shares surged by 9.31% after its collaboration with CARsgen Therapeutics. Baidu's stock dipped slightly by 0.19% as it prepares to release its quarterly earnings report. Tesla shares climbed by 7.33%, adding a combined value of over $120 billion with NVIDIA.

Portfolio Pulse from Benzinga Neuro

August 22, 2023 | 2:11 am

API

Agora (NASDAQ:API) reported Q2 adjusted losses of $(0.07) per share, beating the analyst consensus estimate of $(0.12) by 41.67%. However, the company's quarterly sales of $34.04 million missed the analyst consensus estimate of $38.93 million by 12.57%. This represents a 16.94% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:09 pm

LU

Lufax Holding (NYSE:LU) reported Q2 earnings of $0.06 per ADS, beating the analyst consensus estimate of $0.05 by 20%. However, this is a 66.67% decrease from the same period last year. The company's quarterly sales of $1.28 billion missed the analyst consensus estimate of $1.43 billion by 10.63%, marking a 44.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:07 pm

QFIN

Qifu Technology (NASDAQ:QFIN) reported Q2 adjusted earnings of $0.96 per ADS, beating the analyst consensus estimate of $0.95 by 1.05%. The company's quarterly sales were $539.80 million, surpassing the analyst consensus estimate of $443.32 million by 21.76%. However, this represents a 13.57% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:05 pm

CVU

CPI Aerostructures reported Q2 earnings of $0.09 per share, up from $0.04 YoY. The company also reported an increase in sales to $20.55 million from $18.93 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:00 pm

TIO

Tingo Group has further postponed its Q2 earnings release and the filing of its Form 10-Q for the period ended June 30, 2023. The delay is due to the ongoing independent review of allegations made in the Hindenburg short-seller report.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:57 pm

HD

LOW

Lowe's Companies (NYSE:LOW) is set to report its Q2 financial results. Analysts expect a revenue of $24.99 billion and earnings per share of $4.49. Lowe's has missed revenue estimates in three of the last five quarters but has beaten earnings per share estimates for the past 10 quarters. Home Depot (NYSE:HD) and Lowe's were both downgraded by Telsey Advisory Group from Outperform to Market Perform. Home Depot recently beat analysts' estimates for revenue and earnings per share, and announced a $15 billion share buyback.

Portfolio Pulse from Chris Katje

August 21, 2023 | 8:51 pm