Streetbeat News

Earnings

SONY

Sony Group Corp reported a 33% YoY sales growth in Q1 FY23, beating consensus estimates. The surge was driven by strong PS5 performance, with 3.3 million units sold in the quarter. However, consolidated operating income declined by 31% YoY. Sony raised its FY23 sales outlook and net income attributable outlook.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 11:57 am

ECX

ECARX Holdings (NASDAQ:ECX) reported Q2 earnings per share of $(0.07), beating the analyst consensus estimate of $(0.11) by 36.36%. The company also reported quarterly sales of $131.40 million, surpassing the analyst consensus estimate of $130.78 million by 0.47%.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 11:54 am

BHIL

Benson Hill (NYSE:BHIL) reported Q2 adjusted EPS of $(0.16), beating the estimate of $(0.17) by 5.88%. However, this is a 14.29% decrease from the same period last year. The company's quarterly sales were $109.04M, surpassing the estimate of $99.34M by 9.76% and marking a 16.46% increase from last year.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 11:53 am

BABA

BIDU

MPNGF

NTES

PDD

TCEHY

Alibaba Group Holding Limited (BABA) and Tencent Holding Ltd (TCEHY) have gained $66 billion in market value since May, driven by optimism over a return to pre-crackdown growth amid government support assurances. However, investors remain cautious due to challenges in the Chinese economy and competition from emerging companies like ByteDance Ltd and PDD Holdings Inc (PDD). Alibaba and Tencent have also faced job cuts and increased competition from rivals like Baidu, Inc (BIDU) and Meituan (OTC:MPNGF).

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 11:52 am

SHCR

Sharecare's Q2 adjusted earnings per share were $(0.03), which was in line with expectations. However, the company's sales of $110.35M beat the estimate of $110.13M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:50 am

SKIN

BeautyHealth has refined its FY23 net sales outlook to $460M-$480M, in line with the consensus of $461.57M. The company has also adjusted its EBITDA margin outlook from 18%-20% to 18%-19%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:44 am

SKIN

BeautyHealth has re-affirmed its 2023 net sales and long-term 2025 financial guidance. The company remains confident in its future financial performance.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:41 am

ATMU

Atmus Filtration has provided its FY23 guidance, expecting revenue to be in the range of $1.58B-$1.63B, which is in line with the estimated $1.59B. The company also anticipates adjusted earnings per share to be between $2.05 and $2.25, and adjusted EBITDA margin to be between 17.25% and 18.25%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:38 am

SLVM

Sylvamo (NYSE:SLVM) reported Q2 adjusted earnings of $1.14 per share, beating the analyst consensus estimate of $1.00 by 14%. However, this is a 43.56% decrease from the same period last year. The company's quarterly sales of $919.00 million missed the analyst consensus estimate of $950.84 million by 3.35%, but it's a 0.77% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:37 am

ATMU

Atmus Filtration Techs (NYSE:ATMU) reported Q2 earnings of $0.63 per share, beating the analyst consensus estimate of $0.48 by 31.25%. The company also reported quarterly sales of $414.00 million, surpassing the analyst consensus estimate of $399.78 million by 3.56%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 11:37 am