Streetbeat News

Earnings

BIDU

Baidu, Inc reported positive second-quarter results and provided updates on AI opportunities, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 9:34 am

YSG

Yatsen Holding has reported its Q3 revenues to be between RMB686.3M and RMB772.1M, marking a decrease of 10% to 20% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 9:08 am

YSG

Yatsen Holding (NYSE:YSG) reported Q2 adjusted losses of $(0.01) per share, an 80% improvement from $(0.05) per share YoY. Quarterly sales were $118.40 million, beating the analyst consensus estimate of $114.67 million by 3.25%, but down 16.68% from $142.10 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 9:05 am

IQ

iQIYI (NASDAQ:IQ) reported Q2 earnings of $0.08 per share, beating the analyst consensus estimate of $0.05 by 60%. This is a 700% increase from the same period last year. The company also reported quarterly sales of $1.10 billion, beating the analyst consensus estimate of $1.07 billion by 2.80%. This is a 10.69% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 9:03 am

BIDU

Baidu reported Q2 earnings of $3.11 per share, beating the analyst consensus estimate of $2.32 by 34.05%. This is a 31.78% increase from the same period last year. The company also reported quarterly sales of $4.70 billion, beating the analyst consensus estimate of $4.57 billion by 2.78%. This is a 6.12% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 9:01 am

DKS

FN

LOW

M

ZM

Lowe's, Zoom Video Communications, Dick's Sporting Goods, Fabrinet, and Macy's are stocks to watch heading into Tuesday. Lowe's and Macy's are expected to post quarterly earnings before the opening bell. Zoom Video reported better-than-expected Q3 earnings and issued a strong earnings outlook for the year. Dick's Sporting Goods is expected to have earned $3.81 per share for the latest quarter. Fabrinet reported upbeat results for its Q4.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 8:15 am

MDT

Medtronic plc (NYSE:MDT) is set to report its Q1 FY2024 financial results on August 22, 2023. Analysts predict a quarterly earnings of $1.11 per share, up from $1.13 per share a year ago, and revenue of $7.57 billion, up from $7.37 billion. The company's shares closed at $81.61 on Monday. Recent price target changes by analysts include cuts and increases, with targets ranging from $90 to $104.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 6:55 am

BHP

BHP Group has reported a decrease in FY23 earnings and sales compared to the same period last year. Earnings per share fell by 37.05% to $5.30, and sales dropped by 17.36% to $53.80 billion.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 6:44 am

DKS

LOW

M

NVDA

PANW

The Nasdaq Composite ended a four-session losing streak, improving overall investor sentiment. Palo Alto Networks (PANW) shares gained 14.8% after announcing above-estimate EPS guidance. NVIDIA (NVDA) shares climbed 8.5% after KeyBanc and HSBC analysts raised their price targets. Investors are awaiting earnings results from Lowe's Companies (LOW), Dick's Sporting Goods (DKS), and Macy's (M).

Portfolio Pulse from Lisa Levin

August 22, 2023 | 6:39 am

MNSO

MINISO Group Holding (NYSE:MNSO) reported Q4 earnings of $0.25 per share, beating the analyst consensus estimate of $0.22 by 13.64%. This is a 127.27% increase from the same period last year. The company also reported quarterly sales of $448.50 million, beating the analyst consensus estimate of $434.37 million by 3.25%, a 29.62% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 5:02 am