Streetbeat News

Earnings

BIDU

MSFT

Baidu, Inc. (NASDAQ:BIDU) stock is trading higher following reports of the company winning domestic regulatory approval for its artificial intelligence models from the Cyberspace Administration of China. This approval will allow Baidu to compete with OpenAI Inc and Microsoft Corp (NASDAQ:MSFT) by bringing ChatGPT-style services to over one billion internet users. Baidu's Q2 FY23 revenue growth was 15% YoY, beating consensus estimates.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 5:00 pm

LFCR

Lifecore Biomedical (NASDAQ:LFCR) is set to release its latest quarterly earnings report on August 31, 2023. Analysts estimate an earnings per share (EPS) of $-0.37. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares are currently trading at $8.78 and have seen a 12.7% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:00 pm

NCNO

Ncino reported its Q2 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 5:00 pm

REX

REX American Resources reported worse-than-expected Q2 earnings per share (EPS) results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 4:33 pm

AMBA

CONN

FGEN

NAOV

OTLK

TIO

US stocks traded higher with the Nasdaq Composite gaining around 100 points. Private businesses in the U.S. added 177,000 workers in August, missing market estimates of a 195,000 rise. NanoVibronix, Inc. (NAOV), Tingo Group, Inc. (TIO), and Conn's, Inc. (CONN) shares rose significantly. However, Outlook Therapeutics, Inc. (OTLK), Ambarella, Inc. (AMBA), and FibroGen, Inc. (FGEN) shares dropped due to various reasons including FDA response, revenue guidance, and trial data.

Portfolio Pulse from Lisa Levin

August 30, 2023 | 4:28 pm

GOTU

Gaotu Techedu reported its Q2 financial results and issued Q3 revenue results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 4:24 pm

MCFT

MasterCraft Boat Holdings reported Q4 financial results and issued Q1 and FY24 guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 4:13 pm

CMA

DKS

KEY

NVDA

The article discusses several key points in the investment world for the week. Jerome Powell's hawkish stance on inflation control and potential rate hikes is noted. S&P downgrades of several banks, including KeyCorp and Comerica, are mentioned. Nvidia's strong quarterly performance is highlighted, despite a slight stock decline. The concept of R-star, the 'natural' interest rate, is explained. Finally, the article discusses the impact of theft on retail companies like Dick's Sporting Goods.

Portfolio Pulse from Gary Brode

August 30, 2023 | 4:11 pm

GWAYF

Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTCQB:GWAYF) announced its Q2 2023 interim financial results, highlighting positive adjusted EBITDA of CAD $16,408 on CAD $1,174,189 of revenue. The company reported a net income loss of $1,109,781 for the quarter due to factors like fair value adjustments on inventory and biological assets, amortization, share-based compensation, investor relation expenses, bad debt, and interest costs. The company's cost of sales led to a total gross margin of 18%.

Portfolio Pulse from Nicolás Jose Rodriguez

August 30, 2023 | 4:06 pm

HOV

Hovnanian Enterprises reported its Q3 financial results and raised its FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 4:05 pm