Streetbeat News

Earnings

AMTD

HKD

AMTD Digital Inc. (NYSE:HKD) expects to achieve over 50% increase in net profit for FY23, driven by new business approaches and expansion in media, entertainment, and culture. The company's growth is also attributed to the acquisition of The Art Newspaper and the expansion of L'Officiel Inc. SAS. AMTD IDEA Group's injection of its entire equity interest in AMTD Assets Group into AMTD Digital has also contributed to the company's growth.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:19 pm

CAR

Avis Budget Group Inc (NASDAQ:CAR) has been fined $275,000 by New York state for refusing to rent vehicles to customers without credit cards. This practice was deemed discriminatory against low-income consumers and communities of color. In Q2 2023, Avis reported EPS of $11.01, above the consensus of $9.79, but sales of $3.12 billion missed the estimate of $3.19 billion. CAR shares closed lower by 3.30 at $224.14 on Tuesday.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 1:16 pm

PSFE

Paysafe Limited (NYSE:PSFE) reported better-than-expected Q2 FY23 results and raised its FY23 revenue guidance above estimates. The company's shares gained 23.9% to close at $14.64 on Tuesday. Following the earnings announcement, several analysts revised their price targets on Paysafe, with Credit Suisse, Susquehanna, and RBC Capital increasing their targets, while BMO Capital cut its target.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 1:10 pm

HCANF

Halo Collective Inc. reported a 48.1% YoY decline in Q2 2023 revenue, amounting to $3.57 million. The company attributed the dip to an oversupply issue in Oregon and California, leading to lower prices. Additionally, Halo Collective has delisted its securities from the CBOE Exchange. Despite the revenue decline, the company saw a decrease in net loss and operating expenditures compared to Q2 2022. The company's shares closed 12.5% lower at $0.018 per share.

Portfolio Pulse from Nina Zdinjak

August 16, 2023 | 1:09 pm

MKTW

OPK

VAPO

Insiders at OPKO Health, Vapotherm, and MarketWise have recently purchased shares in their respective companies. OPKO Health's CEO and Chairman acquired 75,000 shares at an average price of $1.75, following better-than-expected quarterly results. Vapotherm's President and CEO bought 300,000 shares at an average price of $0.40 after the company posted a narrower-than-expected Q2 loss. MarketWise's Director and CEO purchased a total of 25,800 shares at an average price of $1.71, despite weaker-than-expected quarterly sales.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 1:08 pm

NRSN

NeuroSense Therapeutics reported a H1 EPS of $(0.77), a decrease from $(0.55) YoY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 1:07 pm

EBET

HLLY

LRN

NIO

During Wednesday's pre-market session, several consumer discretionary stocks saw significant movement. EBET, LRN, XPOF, CAVA, CLEU, and MOND were among the gainers, with increases ranging from 8.22% to 71.8%. On the other hand, HLLY, FXLV, ARHS, ECX, GNS, and NIO were among the losers, with decreases ranging from 5.41% to 11.6%. Several companies had recently released their Q2 earnings.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:06 pm

AWIN

GRFX

IPDN

JCSE

KULR

MNTS

MRCY

RAYA

RCRT

TWIN

ZEV

ZIM

In Wednesday's pre-market session, several industrials stocks saw significant movement. Gainers included Erayak Power Solution Gr (RAYA), Professional Diversity (IPDN), KULR Tech Gr (KULR), Twin Disc (TWIN), Lightning eMotors (ZEV), and Graphex Gr (GRFX). Losers included Recruiter.Com Group (RCRT), Mercury Sys (MRCY), JE Cleantech Hldgs (JCSE), Momentus (MNTS), ZIM Integrated Shipping (ZIM), and AERWINS Technologies (AWIN). Most of these movements were associated with recent Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:06 pm

NIO

TSLA

NIO Inc's shares are trading lower, adding to heavy losses for the week. The stock is facing selling pressure after Tesla Inc slashed prices of its Model Y vehicle by more than $1,900 in China. Lower Tesla prices are increasing pressure on competing EV makers to stay competitive on cost. Nio announced it will report its second-quarter financial results on Aug. 29. Nio shares are down more than 12% over the last five trading sessions, but still up approximately 21% year-to-date.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 1:06 pm

COHR

CTM

CYN

IDAI

MVLA

PBTS

SONM

SVRE

TLS

VERB

VHC

WETG

The article reports on the performance of 12 Information Technology stocks in Wednesday's pre-market session. T Stamp, Telos, Cyngn, WeTrade Group, Movella Holdings, and Saverone 2014 saw gains, while Castellum, Coherent, Powerbridge Technologies, Sonim Technologies, VirnetX Holding, and Verb Tech experienced losses. Q2 earnings reports for T Stamp, Castellum, and VirnetX Holding and Q4 earnings report for Coherent were mentioned.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:06 pm