Streetbeat News

Earnings

NVDA

Nvidia's CFO reported a steep increase in demand related to generative AI and large language models, extending their data center visibility out a few quarters. The company has procured substantially higher supply for H2.

Portfolio Pulse from Charles Gross

May 24, 2023 | 9:35 pm

NVDA

Nvidia Corp. reported Q1 earnings of $1.09 per share, beating the consensus estimate of 92 cents per share, and revenue of $7.19 billion, surpassing the Street estimate of $6.52 billion. The company's data center business, including AI chips, recorded revenue of $4.28 billion. Nvidia expects Q2 revenue of $11 billion, plus or minus 2%, compared to the consensus of $7.15 billion.

Portfolio Pulse from Shanthi Rexaline

May 24, 2023 | 9:00 pm

AEO

American Eagle Outfitters (AEO) shares dropped after the company reported Q1 revenue of $1.08 billion, beating estimates, and EPS of 17 cents, in line with estimates. Store revenue increased 5% YoY, while digital revenue declined 4%. The company plans to maintain inventory discipline and focus on rebuilding operating margins.

Portfolio Pulse from Adam Eckert

May 24, 2023 | 8:57 pm

XYF

X Financial reported Q1 adjusted earnings per ADS of $0.91, up 112.09% YoY, and sales of $146.33M, up 4.42% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:56 pm

XYF

X Financial (NYSE:XYF) reported Q1 earnings of $0.91 per share, a 112.09% increase from $0.43 per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:53 pm

XYF

X Financial reported a 57.9% YoY increase in total loan facilitation for Q1, with active borrowers up by 71.4%.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:52 pm

MOD

Modine Manufacturing (NYSE:MOD) reported Q4 earnings of $0.67 per share, beating the analyst consensus estimate of $0.45 by 48.89%. Sales reached $618.10M, surpassing the estimate of $583.71M by 5.89%.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 8:40 pm

ENS

EnerSys reported Q4 earnings of $1.82 per share, beating the analyst consensus estimate of $1.38 by 31.88%. Sales reached $989.90M, surpassing the estimate of $950.98M by 4.09%. Both earnings and sales increased compared to the same period last year.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 8:39 pm

AMAT

AMD

ASML

AVGO

LRCX

MRVL

MU

NVDA

ON

TSM

Semiconductor stocks are trading higher following NVIDIA's strong Q1 results and guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:38 pm

PATH

UiPath Inc (NYSE:PATH) reported better-than-expected Q1 financial results, with revenue increasing 18% YoY to $289.59 million and earnings of 11 cents per share. However, shares slid in after-hours trading due to lower Q2 operating income guidance of $10 million.

Portfolio Pulse from Adam Eckert

May 24, 2023 | 8:38 pm