Streetbeat News

Earnings

TSLA

Gary Black, co-founder of Future Fund, predicts Tesla's Q2 adjusted earnings per share to be around $0.87, higher than the consensus estimate of $0.82. His estimates are based on assumptions including an auto gross margin of 18%, regulatory credits of $340 million, an auto average selling price of $45,000, and energy revenue of $1.9 billion. Black suggests investors focus on the fiscal year 2023 deliveries guidance, auto gross margin trajectory, timing of the first Cybertruck deliveries, and recognition of deferred revenue from full-self driving.

Portfolio Pulse from Shanthi Rexaline

July 14, 2023 | 6:07 am

GOL

GOL Linhas has released its preliminary and unaudited projection for 2Q23, expecting an EPADS of $(0.45), an EBITDA margin of 21%, a PRASK increase of 9% YoY, and a capacity increase of 20% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 5:47 am

GORO

Gold Resource Corporation has produced and sold 10,795 ounces of gold and 569,072 ounces of silver year-to-date, equating to a gold equivalent total of 17,690 ounces. The company has reaffirmed its FY23 production guidance of 30,000-31,000 gold equivalent ounces.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 5:25 am

COIN

JPM

LUNR

NKLA

TSLA

Five US stocks that gained attention from retail traders and investors are Coinbase Global, Inc. (COIN), Intuitive Machines, Inc. (LUNR), Tesla Inc. (TSLA), JPMorgan Chase & Co. (JPM), and Nikola Corp. (NKLA). COIN shares rose after a US judge ruled that Ripple sales do not constitute an offer of investment contracts. LUNR shares fell despite a successful test run of its Nova-C lunar lander. TSLA shares rose amid reports of a new production plant in India. JPM shares rose ahead of its Q2 financial results. NKLA shares rose after announcing an agreement with BayoTech.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 1:48 am

DWAC

Former President Donald Trump disclosed his post-presidency earnings, totaling approximately $1 billion. The revised financial filing includes earnings from foreign ventures, speaking fees, and a Florida golf course. Trump Media & Technology Group, the company behind Truth Social, which is set to merge with Digital World Acquisition Corp (NASDAQ:DWAC), received only $1.2 million in advertising revenue.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 12:53 am

AEHR

ALPP

BRQS

DAKT

FEIM

HKIT

MARK

MIMO

MOB

QBTS

SATX

WAVD

Several information technology stocks experienced significant movement in Thursday's after-market session. Notable gainers included Frequency Electronics (NASDAQ:FEIM), SatixFy Communications (AMEX:SATX), Aehr Test Systems (NASDAQ:AEHR), WaveDancer (NASDAQ:WAVD), Borqs Technologies (NASDAQ:BRQS), and Daktronics (NASDAQ:DAKT). On the other hand, Airspan Networks Hldgs (AMEX:MIMO), D-Wave Quantum (NYSE:QBTS), Hitek Global (NASDAQ:HKIT), Alpine 4 Holdings (NASDAQ:ALPP), Remark Hldgs (NASDAQ:MARK), and Mobilicom (NASDAQ:MOB) saw their shares decrease.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:38 pm

BLK

FAS

JPM

KBE

STT

WFC

XLF

Major U.S. banks including JPMorgan Chase & Co., Wells Fargo & Co, BlackRock Inc., Citigroup Inc, and State Street Corp. are set to release their Q2 earnings results on July 14. The Street consensus projects significant increases in EPS for most of these banks, with the exception of Citigroup. Three financial ETFs to watch during this period are Financial Select Sector SPDR Fund, Direxion Financial Bull 3x Shares, and SPDR S&P Bank ETF.

Portfolio Pulse from Piero Cingari

July 13, 2023 | 9:24 pm

JCTCF

Jewett-Cameron Trading (NASDAQ:JCTCF) reported a 51.16% decrease in quarterly earnings, from $0.43 per share last year to $0.21 per share this year. Sales also decreased by 9.45% from $20.92 million to $18.95 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:44 pm

TIXT

TELUS International has released its preliminary Q2 2023 financial results, showing lower than expected business volumes, particularly in the technology vertical. The company reported a net loss in the range of $7 to $10 million, a year-over-year decline of 113% to 118%. Adjusted EBITDA declined by 20% to 22%, impacted by higher costs in Europe and temporary demand imbalances. The company also revised its full-year 2023 outlook, now expecting revenue in the range of $2.7 to $2.73 billion and adjusted EPS in the range of $0.90 to $0.97.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:38 pm

TIXT

Telus International has provided a preliminary view of its Q2 results, expecting an adjusted EPS of $0.15-$0.17 and revenue of $660M-$668M. The company has also revised its FY23 outlook.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:36 pm