Streetbeat News

Earnings

ZEPP

Zepp Health reported Q2 adjusted losses of $(0.13) per share, a 50% improvement from $(0.26) per share YoY. However, sales decreased by 45.97% to $89.40 million from $165.46 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:17 am

ALLG

API

AUVI

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ELTK

FFIE

FLXS

GTEC

JFIN

MSGM

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QFIN

TIO

ZEPP

Several companies are scheduled to report their earnings on August 21, 2023. These include Greenland Technologies, Applied UV, Smart Share Glb, So-Young Intl, Eltek, Jianpu Technology, Jiayin Gr, Tingo Group, Zepp Health, Nano Dimension, Freightos, Allego, Motorsport Games, Lufax Holding, Faraday Future, Qifu Technology, Flexsteel Industries, Agora, Zoom Video Comms, Nordson, and Fabrinet.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 10:14 am

JFIN

Jiayin Group (NASDAQ:JFIN) reported Q2 earnings of $0.84 per ADS, a 16.67% increase YoY. The company also reported $176.20M in sales, a 45.43% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:01 am

So-Young Intl (NASDAQ:SY) reported Q2 earnings of $0.02 per ADS, a 166.67% increase YoY. The company's quarterly sales of $56.83M beat the analyst consensus estimate of $53.98M by 5.27%, marking a 23.15% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:00 am

So-Young International Inc. anticipates Q3 revenue to be between $52.4M and $55.2M, marking a YoY increase of 17.5%-23.7%. However, this is lower than the estimated $56.16M.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 9:44 am

So-Young Intl (NASDAQ:SY) reported Q2 earnings of $0.04 per share, a 219.84% increase YoY. The company's quarterly sales were $56.83 million, beating the analyst consensus estimate of $53.98 million by 5.27% and marking a 23.15% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 9:40 am

DMS

NDSN

PANW

Zoom Video Communications, Palo Alto Networks, Nordson Corporation, Digital Media Solutions, and Fabrinet are the stocks to watch heading into Monday. Zoom is expected to post quarterly earnings of $1.05 per share on revenue of $1.11 billion. Palo Alto reported better-than-expected Q4 earnings and issued a strong billings outlook. Nordson is expected to have earned $2.32 per share on revenue of $665.65 million. Digital Media Solutions reported a 1-for-15 reverse stock split. Fabrinet is expected to report quarterly earnings at $1.80 per share on revenue of $640.61 million.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 8:13 am

KEYS

NDSN

The CNN Money Fear and Greed index remained in the 'Neutral' zone after U.S. stocks closed mixed on Friday. Last week, U.S. stocks recorded losses with the Dow and S&P 500 declining by 2.2% and 2.1% respectively. Keysight Technologies' shares fell around 14% after issuing Q4 guidance below estimates. Deere & Co reported Q3 FY23 net sales and revenue growth of 12% Y/Y, beating consensus. Investors are awaiting earnings results from Zoom Video Communications, Nordson Corporation, and Fabrinet.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 7:57 am

SPI

SPI Energy reported Q2 earnings per share (EPS) of $(0.08), unchanged from the same period last year. However, the company's sales increased by 21.23% YoY to $58.90 million, up from $48.58 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 7:50 am

NVDA

SOXX

KeyBanc Capital Markets analyst John Vinh is optimistic about Nvidia Corp.'s (NASDAQ:NVDA) Q2 results, citing the company's unique position in monetizing AI trends and limited competitive risks. Vinh reiterated an 'overweight' rating and set a $620 price target for Nvidia. He expects the company's growth to continue in the second half, driven by accelerating AI demand trends and increased supply for high-performance chips. Vinh also anticipates limited impact from potential China export restrictions on data center GPUs. Nvidia's shares ended Friday's session down 0.10% at $432.99.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 7:36 am