Streetbeat News

Earnings

BZUN

Baozun (NASDAQ:BZUN) reported Q2 adjusted EPS of $(0.01), beating the analyst consensus estimate of $(0.03) by 66.67%. However, the company's quarterly sales of $319.96M missed the analyst consensus estimate of $345.95M by 7.51%. This represents a 1.00% increase over sales of $316.81M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:01 am

BENF

BETR

DOMO

IDEX

SCLX

TSHA

Several US stocks recorded losses in Monday's pre-market trading session. These include Better Home & Finance Holding Company (BETR), which dipped 15.1% following its business combination with Aurora Acquisition. Ideanomics (IDEX) tumbled 8.8% after reporting Q2 results. Scilex Holding Company (SCLX) declined 4.3% after a 4% fall on Friday. Domo (DOMO) fell 4.2% after issuing a below-consensus Q3 outlook and lowering FY24 guidance. Beneficient (BENF) fell 3.3% after a 15% jump on Friday due to the completion of System and Organization Controls certifications. Taysha Gene Therapies (TSHA) fell 3.2% after a 5% decline on Friday following the FDA's Fast Track Designation to TSHA-102.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 9:43 am

EGRNF

Shares of China Evergrande Group (OTC:EGRNF) plunged 87% as trading resumed after a 17-month pause. The company reported a loss of 39.25 billion yuan ($5.38 billion) for six months ending June, a significant drop from the previous year. However, the company's revenue showed an upward trend. Evergrande, which filed for Chapter 15 bankruptcy protection in a U.S. court in July, had total liabilities of 2.39 trillion yuan ($327.70 billion) as of June 2023.

Portfolio Pulse from Benzinga Neuro

August 28, 2023 | 9:37 am

BZUN

EBON

HEI

HLGN

JOAN

HEICO Corporation, Ebang International Holdings Inc., Baozun Inc., Heliogen, Inc., and JOANN Inc. are stocks to watch heading into Monday. HEICO is expected to post quarterly earnings of 72 cents per share on revenue of $701.71 million. Ebang International posted a narrower loss in the first six months of 2023, while sales fell to $4.09 million. Baozun is expected to report a quarterly loss at 3 cents per share on revenue of $345.77 million. Heliogen reported a 1-for-35 reverse stock split. JOANN is projected to post a quarterly loss at $1.12 per share on revenue of $438.66 million.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 8:39 am

AFRM

BZUN

DOMO

HEI

JOAN

US stocks closed higher following Federal Reserve Chair Jerome Powell's remarks indicating readiness to raise interest rates. The CNN Money Fear and Greed index showed improved investor sentiment. Affirm Holdings (AFRM) shares jumped 29% after reporting better-than-expected Q4 results, while Domo (DOMO) shares fell 36% after issuing a below-consensus Q3 outlook. Investors are awaiting earnings results from HEICO Corporation (HEI), JOANN Inc. (JOAN), and Baozun Inc. (BZUN).

Portfolio Pulse from Lisa Levin

August 28, 2023 | 6:41 am

UBS

Credit Suisse, a subsidiary of UBS, Inc. (NYSE:UBS), reported a Q2 loss of $4 billion, in line with its April forecast. The loss is attributed to its exit from non-core businesses, restructuring, and financing costs. UBS had previously announced a deal to take over Credit Suisse for 3 billion Swiss francs ($3.25 billion) after the latter suffered from rapid client withdrawal of funds and a spike in its credit default swaps.

Portfolio Pulse from Shanthi Rexaline

August 27, 2023 | 3:58 pm

ANF

ATZAF

Abercrombie & Fitch Co (NYSE:ANF) has seen its stock rise more than 100% this year following a successful rebranding under the leadership of Fran Horowitz. The company has moved away from its previous marketing strategies, which were criticized for discrimination and exclusivity, and now offers more stylish, inclusive clothing. The company's recent earnings report exceeded EPS expectations and raised guidance due to strong growth and demand.

Portfolio Pulse from Aaron Bry

August 26, 2023 | 3:41 pm

IDEX

Ideanomics reported Q2 losses of $(3.19) per share, a 3887.5% decrease YoY. The company's sales also decreased by 76.07% to $8.18 million compared to $34.20 million in the same period last year.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:24 pm

WLDS

Wearable Devices (NASDAQ:WLDS) reported a 44.44% increase in quarterly losses, from $(0.18) per share last year to $(0.26) per share this year. Sales also decreased by 57.14%, from $28.00K to $12.00K YoY.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:09 pm

EBON

Ebang Intl Hldgs (NASDAQ:EBON) reported H1 EPS of $(1.25), up 16.67% from $(1.50) YoY. However, sales were down 83.68% to $4.09M from $25.06M YoY.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:07 pm