Streetbeat News

Earnings

BTCY

Biotricity (NASDAQ:BTCY) reported Q4 sales of $2.74 million, up from $2.46 million in Q3, but earnings decreased 3.43% to a loss of $4.67 million. The company posted a Return On Capital Employed (ROCE) of 0.24% in Q4, indicating effective capital allocation. Biotricity's Q4 earnings per share of $-0.08 beat analyst predictions of $-0.09.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:45 pm

CCL

Carnival Corp (CCL) shares are trading higher following a better-than-expected earnings report. The company reported quarterly losses of 31 cents per share, beating the analyst consensus estimate of a loss of 34 cents. Sales were $4.91 billion, exceeding the analyst consensus estimate of $4.77 billion by 2.96%. Adjusted FY23 EBITDA is projected to be between $4.10 billion and $4.25 billion. JP Morgan analyst Matthew Boss maintained Carnival with an Overweight and raised its price target from $16 to $18.

Portfolio Pulse from Henry Khederian

July 03, 2023 | 2:39 pm

STLA

FCA US LLC, a subsidiary of Stellantis N.V. (STLA), reported a 6% increase in total U.S. sales for Q2 2023 compared to the same period last year, with sales of 434,648 vehicles. The Ram brand saw a 3% increase in total U.S. sales, while the Jeep Wrangler 4xe recorded its best quarter to date with a 56% increase in total sales. The Chrysler brand's total U.S. sales grew by 33%, and the Dodge brand's total U.S. sales increased by 37%. Stellantis brands Dodge, Ram, and Alfa Romeo took the top three spots in the J.D. Power 2023 U.S. Initial Quality Study.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 2:05 pm

PSNY

TSLA

Polestar Automotive Holding shares are trading higher due to the strength in clean energy vehicles following better-than-expected Q2 delivery numbers from Tesla.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 2:00 pm

RIVN

Rivian Automotive Inc's shares are trading higher after the company reported its Q2 production and delivery numbers. The company produced 13,992 vehicles and delivered 12,640 vehicles, both in line with company expectations. Rivian believes it's on track to meet its annual production guidance of 50,000 vehicles. The company will report its financial results for Q2 after the market close on Aug. 8. Rivian shares are up more than 15% over the last month.

Portfolio Pulse from Adam Eckert

July 03, 2023 | 1:20 pm

SST

System1 expects its Q2 revenue to be between $146M and $149M, which is significantly lower than the estimated $214.5M.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 1:10 pm

SST

System1 (NYSE:SST) reported Q1 sales of $167.85 million, missing the analyst consensus estimate of $214.50 million by 21.75 percent.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 1:04 pm

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) released its unaudited bitcoin mining and operations update for the quarter ending June 30, 2023. The company mined 1,624 bitcoins during the quarter, and its bitcoin holdings grew 170% quarter over quarter. CleanSpark funded growth and operations through the sale of 413 bitcoins in June 2023 at an average of approximately $27,200 per BTC. The company also announced progress in its expansion plans in Washington and Dalton, Georgia.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 1:00 pm

NKLA

TSLA

Nikola Corp (NASDAQ:NKLA) and Tesla Inc (NASDAQ:TSLA) stocks are trading higher due to strength in clean energy stocks, driven by Tesla's better-than-expected Q2 delivery numbers. Tesla produced 479,700 vehicles in Q2, up from 440,808 in Q1. Tesla's Q2 deliveries were up more than 83% YoY. Nikola shares are up more than 130% over the last month.

Portfolio Pulse from Adam Eckert

July 03, 2023 | 12:45 pm

RIVN

Rivian's shares are trading higher following the release of the company's Q2 production figures.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 12:39 pm