Streetbeat News

Earnings

UUU

Universal Security (AMEX:UUU) reported Q1 earnings of $0.07 per share, a 240% increase YoY. The company also reported $6.70 million in sales, a 44.52% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:32 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are expected to extend losses to a sixth straight session due to the company's strategy of relying on price cuts to boost volume, which is seen as clouding the near-term margin outlook. Other factors include macroeconomic conditions and rising rates. The stock could test downside support around the $214 level.

Portfolio Pulse from Shanthi Rexaline

August 18, 2023 | 11:29 am

CMCM

Cheetah Mobile Inc (NYSE:CMCM) reported a 5.5% Y/Y decline in H1 FY23 revenue to $46.5 million. The company's internet business revenue fell by 14.5% Y/Y, while AI and others revenue increased by 24.8% Y/Y. Non-GAAP gross margin was 66.5%, up from 65.6% a year ago. The company held $285.6 million in cash and equivalents. For H2 2023, the company expects revenue of $42.8 million to $49.6 million.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 11:26 am

EL

Estee Lauder has projected a decline in Q1 revenue by 10-12%, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:26 am

CINT

CI&T Inc (NYSE:CINT) has revised its FY23 revenue growth forecast down to 4.0%-8.0% YoY, from the previous estimate of 13%-17%. The company also expects Q3 revenues to be at least R$545M, down 2% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:15 am

CINT

CI&T (NYSE:CINT) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.08 by 16.25%. However, the company's quarterly sales of $115.52 million missed the analyst consensus estimate of $115.59 million by 0.06%. This represents a 132.5% increase in earnings and a 7.96% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:09 am

EL

Estee Lauder forecasts a decline in Q1 FY24 revenue by 10% - 12% and an adjusted EPS of ($0.29) - ($0.19).

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:00 am

EL

Estee Lauder Cos reported Q4 earnings of $0.07 per share, beating the analyst consensus estimate of $(0.03) by 333.33%. This is a decrease of 83.33% from the same period last year. The company also reported quarterly sales of $3.61 billion, beating the analyst consensus estimate of $3.47 billion by 4.01%. This is an increase of 1.35% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:57 am

EL

Estee Lauder has projected its FY24 earnings per share (EPS) to be between $3.43 and $3.70, which is higher than the estimated $3.36. The company also anticipates a revenue growth of 5% - 7% for FY24.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:55 am

AMAT

BILL

FTCH

QQQ

ROST

SPY

US stock futures indicate a slow start for Friday, with no strong driving force to push the market. Economist David Rosenberg suggests a new bear phase may be entering the market. Strong economic data released on Thursday sent major averages lower. All S&P sector classes, except energy stocks, closed in negative terrain. The S&P 500 Index is down 4.8% from the late-July peak. In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) moved down 0.10% and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.23%. Stocks in focus include Bill Holdings, Inc. (NYSE:BILL), Farfetch Ltd. (NYSE:FTCH), Ross Stores, Inc. (NASDAQ:ROST), and Applied Materials, Inc. (NASDAQ:AMAT).

Portfolio Pulse from Shanthi Rexaline

August 18, 2023 | 10:55 am