Streetbeat News

Earnings

CNPOF

CSE:RIV

RIV Capital Inc. reported its Q2 2023 financial results, showing a YoY revenue growth from $1.4 million to $1.9 million. However, the company also reported a net loss of $9.7 million, up from $3.5 million in the prior year's second quarter. The company plans to expand its footprint in the New York wholesale market, expecting to benefit from a first-mover advantage.

Portfolio Pulse from Jelena Martinovic

August 29, 2023 | 2:40 pm

BILI

Shares of Bilibili Inc - ADR (NASDAQ:BILI) are trading higher by 10% following strong earnings from PDD Holdings and measures taken by Chinese authorities to boost investor confidence, including a cut to taxes on stock trading. PDD Holdings reported a 66% YoY revenue growth to $7.21 billion, beating the consensus of $6.07 billion.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 2:39 pm

PTON

Peloton Interactive Inc. reported a Q4 loss of -$0.68 per share on August 23rd, exceeding the estimated loss of -$0.38, leading to a 22% drop in the stock price to a new all-time low of $5.05. This is part of a larger downward trend for Peloton, with the stock losing 39% of its value in August alone. The company is attempting to recover by diversifying its revenue streams and forming strategic partnerships.

Portfolio Pulse from Zaheer Anwari

August 29, 2023 | 2:38 pm

BIG

GSAT

ICCT

PDD

TIGR

Several US stocks traded higher on Tuesday, with iCoreConnect Inc., Big Lots, Inc., Globalstar, Inc., UP Fintech Holding Limited, PDD Holdings Inc., Goosehead Insurance, Inc, Taysha Gene Therapies, Inc., Ginkgo Bioworks Holdings, Inc., Inhibrx, Inc., KE Holdings Inc., Gravity Co., Ltd., NovoCure Limited, Aclaris Therapeutics, Inc., Jackson Financial Inc., Chico's FAS, Inc., Futu Holdings Limited, Opera Limited, BeiGene, Ltd., and AlloVir, Inc. all recording significant gains. The increases were driven by a variety of factors, including better-than-expected quarterly results, new CEO appointments, licensing agreements, and strategic partnerships.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 2:33 pm

MBUU

Malibu Boats Inc (NASDAQ:MBUU) reported Q4 FY23 sales growth of 5.4% YoY to $372.30 million, beating the analyst consensus. The revenue increase was driven by increased unit volumes in the Saltwater Fishing segment and a favorable model mix across all segments. Gross profit increased 14.3% YoY to $102.5 million. However, the company reported an operating loss for the quarter of $(22.6) million. The company expects FY24 sales to decline in the mid to high teens and Adjusted EBITDA margin to be down 300 to 400 basis points.

Portfolio Pulse from Shivani Kumaresan

August 29, 2023 | 2:33 pm

PDD

Chinese stocks are trading higher following strong earnings from PDD Holdings. Measures taken by Chinese authorities, including a cut to taxes on stock trading, have also boosted investor confidence and lifted Chinese stocks.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:24 pm

AFRM

Affirm Holdings Inc's shares are trading higher by 5.2% despite no company-specific news. The rise is potentially due to investor optimism following better-than-expected Q4 financial results and guidance issued last week. The company also received several analyst rating updates post-earnings. Affirm reported a 22% YoY increase in Q4 revenue to $445.82 million, beating the consensus estimate of $406.26 million.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 2:23 pm

JD

Shares of JD.Com Inc (NASDAQ:JD) are trading higher by 2.25% to $34.57. The rise is in sympathy with peer Chinese e-commerce player PDD Holdings, which reported upbeat second-quarter results. PDD Holdings reported a 66% YoY revenue growth to $7.21 billion, beating the consensus of $6.07 billion. JD.Com has a 52-week high of $67.10 and a 52-week low of $31.56.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 2:22 pm

CACO

Caravelle International Group has reported a year-over-year increase in its FY22 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:19 pm

PVH

PVH Corp. is expected to report Q2 2023 financial results on Aug. 29, 2023. Analysts predict earnings of $1.75 per share, down from $2.08 per share a year ago, and revenue of $2.19 billion, up from $2.13 billion. PVH shares closed at $78.38 on Monday, up 0.4%. Several analysts have recently revised their price targets for PVH, with ratings ranging from 'Market Perform' to 'Buy'.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 2:18 pm