Streetbeat News

Earnings

HELE

Helen Of Troy (NASDAQ:HELE) reported Q1 adjusted earnings of $1.94 per share, beating the analyst consensus estimate of $1.60 by 21.25%. However, this is a 19.5% decrease from the same period last year. The company also reported quarterly sales of $474.70 million, beating the analyst consensus estimate of $465.36 million by 2.01%, but this is a 6.57% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 10:47 am

BDTX

NBTX

NSTG

Several stocks recorded gains in today's pre-market trading session. Nanobiotix S.A. shares jumped 59.3% after entering into a license agreement with Janssen Pharmaceutical. Black Diamond Therapeutics shares gained 15.2% following a large purchase by Director Rajeev Shah. NanoString Technologies shares gained 13.4% after announcing expected Q2 sales of over $44 million. Other stocks recording gains include Novonix Limited, Ferroglobe PLC, Gorilla Technology Group Inc., Recursion Pharmaceuticals, Inc., CS Disco, Inc., and Polestar Automotive Holding UK PLC.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 10:40 am

IMOS

ChipMOS reported Q2 2023 revenue of $174.8M, an increase of 18.2% from Q1 2023 but a decrease of 20.5% from Q2 2022. June 2023 revenue was $57.4M, down 2.5% from May 2023 and 15.3% from June 2022.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 10:04 am

NSTG

NanoString (NSTG) expects Q2 sales to exceed $44M, a 37% increase YoY, surpassing the company's guidance of $40M-$42M and consensus of $41M. Spatial biology revenue is expected to be over $23M, in line with consensus, while nCounter revenue is expected to be around $21M, above the guidance range of $17M-$18M and consensus of $18M.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 9:03 am

TSLA

Tesla's Model 3, which rolled off the production line six years ago, went from causing 'extreme stress and pain' to becoming the company's savior from bankruptcy. The production ramp-up was challenging due to production and logistics issues. However, the Model 3 emerged as the most popular EV in the world in 2020. In Q2, Tesla delivered 446,915 Model 3 and Y vehicles, accounting for the majority of its 466,140 total deliveries worldwide.

Portfolio Pulse from Anan Ashraf

July 10, 2023 | 8:54 am

TSM

Taiwan Semiconductor Manufacturing Company (TSMC) reported that its revenue for June fell by 11% month-on-month. Additionally, its revenue for the period from January to June fell by 3.5% year-on-year to NT$989.47 billion.

Portfolio Pulse from Charles Gross

July 10, 2023 | 8:37 am

AZZ

HELE

PSMT

TIVC

WDFC

Helen of Troy Limited, AZZ Inc., PriceSmart, Inc., Tivic Health Systems, Inc., and WD-40 Company are the stocks to watch heading into Monday. Helen of Troy and PriceSmart are expected to post earnings, while AZZ reported downbeat earnings for its first quarter. Tivic Health reported a proposed public offering of common stock, and WD-40 is expected to report earnings after the closing bell.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 8:23 am

ASX

ASE Technology reported Q2 net revenue of $4.46B, marking a decline of 18.7% YoY. The company's revenue for the month of June was $1.52B, down 22.5% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 7:28 am

HELE

PSMT

TSLA

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors following the release of mixed jobs report. U.S. stocks closed lower on Friday, with the Dow Jones losing 1.96%. Mizuho maintained Tesla, Inc. (NASDAQ:TSLA) with a Buy and raised the price target from $230 to $300. Investors are awaiting earnings results from Helen of Troy Limited (NASDAQ:HELE) and PriceSmart, Inc. (NASDAQ:PSMT).

Portfolio Pulse from Lisa Levin

July 10, 2023 | 6:06 am

CAG

DAL

JPM

PEP

The upcoming week will see a number of companies reporting their earnings, including JPMorgan, PepsiCo, Delta Air Lines, and ConAgra Foods. The Dow Jones Industrial Average has seen a rebound in the first half of the year, with 15 of the 30 stocks in the index up and 15 down. The June consumer price index (CPI) report is also set to be released, with the previous reading showing an inflation rate of 4% year-on-year.

Portfolio Pulse from Anthony Noto

July 09, 2023 | 8:04 pm