Streetbeat News

Earnings

BILI

Bilibili reported Q1 adjusted EPS of $(0.37), beating the $(0.41) estimate, and sales of $738.20M, surpassing the $729.31M estimate. This represents a 43.94% increase in EPS and a 7.41% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 10:02 am

CONN

Conn's reported Q1 adjusted losses of $(1.52) per share, missing the $(1.33) estimate by 14.29%. Sales were $284.60M, missing the $306.06M estimate by 7.01%. This represents a 708% decrease in earnings and a 16.25% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 10:01 am

AAP

MSFT

NVDA

The S&P 500 closed lower on Wednesday due to an unexpectedly strong labor market report, increasing the likelihood of a Fed rate hike. Advance Auto Parts shares fell 35% after reporting worse-than-expected Q1 results and reducing full-year guidance. The Nasdaq 100 also fell, with losses in shares of NVIDIA and Microsoft.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 9:42 am

LI

Li Auto reported 28,277 vehicle deliveries in May 2023, a 146.0% increase YoY. This is the third consecutive month with over 20,000 deliveries and the second straight month with over 10,000 Li L7s delivered. Cumulative deliveries reached 363,876 by the end of May.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 9:02 am

QSG

QuantaSing Group (NASDAQ:QSG) reported Q3 adjusted earnings of $0.02 per share and sales of $117.54 million.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 9:01 am

AVGO

CRM

DG

HRL

NTAP

Dollar General, Broadcom, NetApp, Salesforce, and Hormel Foods are stocks to watch on Thursday. Dollar General and Hormel Foods are set to report earnings before the opening bell, while Broadcom will release earnings after the market closes. NetApp and Salesforce reported better-than-expected results for their respective quarters.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 8:12 am

AVGO

DG

HRL

Investor sentiment declines as the CNN Money Fear and Greed index drops, with the Dow recording a 3.5% loss for May. U.S. stocks closed lower on Wednesday amid debt ceiling talks. Investors await earnings results from Dollar General Corporation, Broadcom Inc., and Hormel Foods Corporation.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 6:11 am

AI

CRM

CRWD

OKTA

TSLA

US markets closed in the red on Wednesday due to strong labor data sparking concerns about further rate hikes by the Federal Reserve. Tesla, C3.ai, Salesforce, Crowdstrike, and Okta stocks drew investor attention due to various factors such as product updates, earnings reports, and stock repurchases.

Portfolio Pulse from Bhavik Nair

June 01, 2023 | 1:29 am

CRWD

CrowdStrike shares are trading lower despite reporting better-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 9:41 pm

CRM

Salesforce shares are trading lower despite reporting better-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 9:37 pm