Streetbeat News

Earnings

LI

Li Auto Inc. reported a 227.5% YoY increase in vehicle deliveries for July 2023, with a total of 34,134 vehicles delivered. This marks the second consecutive month of deliveries surpassing the 30,000 mark. The cumulative deliveries for 2023 reached 173,251 vehicles by the end of July.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 8:37 am

AMD

ANET

CAT

PFE

WDC

Pfizer, Western Digital Corporation, Advanced Micro Devices, Arista Networks, and Caterpillar are the stocks to watch heading into Tuesday. Pfizer is expected to post quarterly earnings of 57 cents per share on revenue of $13.17 billion. Western Digital reported better-than-expected Q4 results but issued a weak Q1 forecast. Advanced Micro Devices is expected to have earned 57 cents per share on revenue of $5.32 billion for the latest quarter. Arista Networks posted upbeat Q2 results. Caterpillar is expected to report quarterly earnings at $4.51 per share on revenue of $16.50 billion.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 8:29 am

DBVT

DBV Technologies reported Q2 earnings per share of $(0.26), a 25.71% increase from $(0.35) YoY. The company also reported sales of $2.30M, a 50.43% increase from $1.53M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 8:24 am

UBER

Uber Technologies, Inc. is expected to report a narrower Q2 loss of 1 cent per share, compared to a year-ago loss of $1.33 per share, with revenues of $8.46 billion. Several analysts have recently raised their price targets for Uber, with the highest target set at $75 by Evercore ISI Group analyst Mark Mahaney.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 7:42 am

TM

Toyota Motor (NYSE:TM) reported Q1 earnings of $7.06 per share, a 70.53% increase YoY. The company also reported $76.98 billion in sales, a 17.42% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:59 am

HSBC

HSBC Holdings reported Q2 earnings of $1.70 per share, a 25.93% increase YoY. The company also reported $16.71 billion in sales, a significant increase of 130.73K% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:45 am

AMD

CAT

ON

PFE

US stocks closed higher on Monday, with the S&P 500 gaining 3.1% to record its fifth straight positive month, and the Dow Jones rising about 3.4%. ON Semiconductor Corporation shares gained 2.5% after reporting upbeat Q2 results and Q3 guidance. Investors are awaiting earnings results from Pfizer Inc., Advanced Micro Devices, Inc., and Caterpillar Inc.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 6:42 am

BP

BP reported Q2 earnings of $0.89 per share, missing the analyst consensus estimate of $1.21 by 26.45%. This is a 65.9% decrease from the same period last year. The company also reported quarterly sales of $48.54 billion, missing the analyst consensus estimate of $54.48 billion by 10.90%. This is a 28.48% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:16 am

AUDC

AudioCodes (NASDAQ:AUDC) reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.10 by 60%. However, this is a 52.94% decrease from the same period last year. The company's quarterly sales of $60.20 million missed the analyst consensus estimate of $60.38 million by 0.30%, marking an 11.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:07 am

TRUE

TrueCar reported Q2 losses of $(0.23) per share, missing the analyst consensus estimate of $(0.13) by 76.92%. This is a 91.67% decrease from the same period last year. However, the company's quarterly sales of $39.29 million beat the analyst consensus estimate of $38.60 million by 1.79%, despite being a 7.06% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:37 am