Streetbeat News

Earnings

YMM

Full Truck Alliance Co (NYSE:YMM) is set to release its latest quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $0.06. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $6.18, down 10.65% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:00 pm

GRAB

Grab Hldgs (NASDAQ:GRAB) is set to release its quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows a mixed trend of EPS estimates and actuals, with the last quarter missing EPS by $0.00. The share price increased by 0.36% the next day. The stock is currently trading at $3.27, down 6.81% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:00 pm

KC

Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported Q2 FY23 revenue of $253.14 million, missing the consensus of $268.15 million. Revenues fell 3.7% Y/Y. Adjusted earnings per ADS was $(0.18), beating the analyst consensus of $(0.20) loss. The decrease was mainly due to proactive scale-down of services for the two largest CDN customers and phasing-out of loss-making clients. Revenues from public cloud services decreased by 10.1% Y/Y, and enterprise cloud services rose by 9.5% Y/Y. Gross profit was $28.5 million, a record-high quarterly gross profit, representing a significant increase of 216.9% Y/Y. Q2 gross margin was 11.3%, compared with 3.4% in the same period in 2022. Kingsoft held $591.2 million in cash and equivalents at quarter end.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 1:56 pm

BSFC

Blue Star Foods (NASDAQ:BSFC) reported Q2 losses of $(0.61) per share, a 49.17% increase from $(1.20) per share YoY. Sales were reported at $1.66M, a 44.81% decrease from $3.00M YoY.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:54 pm

MDT

Medtronic reported strong Q1 earnings and raised its FY24 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:51 pm

EZFL

EzFill Holdings (NASDAQ:EZFL) reported Q2 losses of $(0.71) per share, a 40.83% improvement from $(1.20) per share YoY. Sales for the quarter were $6.13 million, a 63.32% increase from $3.75 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:48 pm

AVGO

FANG

MSFT

XOM

On CNBC's 'Halftime Report Final Trades', Bryn Talkington of Requisite Capital Management named Diamondback Energy as her final trade after it reported quarterly sales of $1.92 billion, beating the analyst consensus estimate of $1.91 billion. Stephen Weiss of Short Hills Capital Partners said Microsoft will be the 'number 1 beneficiary of AI' and mentioned its new deal submitted to U.K. regulators for the takeover of Activision Blizzard. Joseph Terranova of Virtus Investment Partners picked Broadcom, which expects its VMware acquisition to close at the end of October. Jim Lebenthal of Cerity Partners chose Exxon Mobil, which reported weaker-than-expected second-quarter earnings.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 1:42 pm

BIDU

LOW

NVDA

TSLA

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, world economy, tech, electric vehicle, communication, industrials, and consumer. Key highlights include muted energy stocks as oil prices edge down, SEC's action against Titan for misleading crypto claims, and Lowe's mixed Q2 performance with a reaffirmed annual outlook. In tech, Baidu's Q2 earnings beat expectations and Nvidia's stock surge is discussed. In the electric vehicle sector, Tesla is reportedly preparing for Cybertruck mass production and a potential India debut.

Portfolio Pulse from Akanksha Bakshi

August 22, 2023 | 1:41 pm

NKE

Nike Inc's shares are trading lower after Dick's Sporting Goods, a major customer of Nike, lowered its guidance. This could potentially lead to lower orders from Nike, affecting its revenue and earnings. Dick's Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. Nike has a 52-week high of $131.31 and a 52-week low of $82.22.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 1:37 pm

BSFC

Blue Star Foods (NASDAQ:BSFC) reported a 68.07% decrease in sales this quarter, with sales of $1.70 million compared to $5.32 million in the same period last year.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:34 pm