Streetbeat News

Earnings

HYZN

Hyzon Motors reported Q2 losses of $0.25 per share, missing the analyst consensus estimate of $0.18 by 38.89%. This represents a 256.25% decrease over earnings of $0.16 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:02 am

UPS

UPS has projected its FY23 revenue to be around $93 billion, which is lower than the estimated $96.77 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:01 am

RDNT

RadNet reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $0.07 by 242.86%. This is a 60% increase from the same period last year. The company also reported quarterly sales of $403.71 million, beating the analyst consensus estimate of $388.95 million by 3.80%. This is a 13.92% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:01 am

UPS

United Parcel Service (UPS) reported Q2 earnings of $2.54 per share, beating the analyst consensus estimate of $2.50 by 1.6%. However, this is a 22.8% decrease from the same period last year. The company's quarterly sales were $22.10 billion, missing the analyst consensus estimate of $23.11 billion by 4.37%, and marking a 10.76% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:00 am

BABA

SFTBF

SoftBank Group Corp reported a Q1 FY23 net sales decline of 0.9% Y/Y to ¥1.56 trillion. The company reported a net loss attributable of ¥(477.6) billion, which narrowed from the loss of ¥(3.16) trillion in the previous year. The company reported an investment loss of ¥689.7 billion due to a decline in the share prices of Alibaba Group Holding Ltd, Deutsche Telekom AG, and T-Mobile US Inc. The Vision Fund unit booked an investment gain at SoftBank Vision Funds of about ¥159.8 billion ($1.1 billion) in Q1 FY23.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 9:59 am

AMZN

HSIC

NVDA

SAGE

The S&P 500 ended its four-session losing streak on Monday, with the majority of sectors closing positively. Henry Schein Inc reported better-than-expected Q2 earnings, while Sage Therapeutics Inc shares fell by 54% after the FDA issued a Complete Response Letter for one of its New Drug Applications. The Nasdaq 100 rose by 0.87%, with gains in shares of Amazon.com, Inc. and NVIDIA Corp. The CBOE Volatility Index fell by 7.8%.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 9:56 am

IFF

Intl Flavors & Fragrances (IFF) reported disappointing Q2 results and lowered its FY23 outlook, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:11 am

AYX

Alteryx's shares have dropped following the company's Q2 results and weak Q3 revenue guidance. Piper Sandler has downgraded the company to Neutral from Overweight and reduced the price target to $30 from $68.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:41 am

LI

Li Auto expects Q3 2023 revenue to be between $4.46B and $4.59B, up from the estimated $3.9B. The company also anticipates vehicle deliveries to range from 100,000 to 103,000, marking a YoY increase of 277.0% to 288.3%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:35 am

LI

Li Auto reported Q2 earnings of $0.18 per share, beating the analyst consensus estimate of $0.12 by 50%. The company also reported quarterly sales of $3.95 billion, surpassing the analyst consensus estimate of $3.81 billion by 3.71%. This represents a 1000% increase in earnings and a 203.02% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:32 am