Streetbeat News

Earnings

GLBE

Global-e Online (GLBE) expects Q2 revenue to be between $125 million and $130 million.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:04 am

ZIM

ZIM Integrated Shipping reported Q1 losses of $(0.50) per share, a 103.52% decrease YoY, and sales of $1.37B, missing the $1.57B estimate by 12.48% and a 63.02% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:03 am

OCFT

OneConnect Financial Tech (NYSE:OCFT) reported Q1 losses of $(0.44) per share, beating the $(0.53) estimate by 17.17%. However, sales of $135.33M missed the $143.91M estimate by 5.96%, a 15.68% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:02 am

GLBE

Global E Online reported Q1 losses of $(0.26) per share, beating the $(0.29) estimate, and sales of $117.60M, surpassing the $111.65M estimate. This represents a 25.71% increase in EPS and a 54.08% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:01 am

NIU

Niu Technologies reported a Q1 FY23 sales decline of 27.5% YoY to $60.75 million due to a 42.3% decrease in sales volume. E-scooter sales revenues in China and international markets also decreased by 33.3% and 18.8%, respectively. The company expects Q2 FY23 revenues to increase by 0%-15% YoY.

Portfolio Pulse from Anusuya Lahiri

May 22, 2023 | 10:58 am

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RYAAY

SHEL

Ryanair reported FY23 revenue growth of 124% Y/Y to €10.78 billion and a net profit of €1.43 billion, compared to a net loss of €355 million a year ago. The company's fuel needs are 85% hedged for FY24 and 25% of H1 FY25. Ryanair recently signed deals with Repsol, OMV, Neste, and Shell for sustainable aviation fuel. However, Boeing's delivery delays may impact FY24 traffic expectations.

Portfolio Pulse from Lekha Gupta

May 22, 2023 | 10:40 am

AHH

Armada Hoffler Properties (AHH) has completed the $215 million acquisition of The Interlock, a mixed-use property in Atlanta's West Midtown. The acquisition is immediately accretive to the company's earnings.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 10:19 am

NVDA

Nvidia is set to report Q1 results with an expected EPS of $0.92 and revenue of $6.52 billion. KeyBanc analyst John Vinh maintains an Overweight rating on Nvidia shares and raises the price target from $320 to $375, citing the company's strong position in generative AI and multiple new product cycles.

Portfolio Pulse from Shanthi Rexaline

May 22, 2023 | 10:06 am

F

Ford has maintained its guidance for full-year 2023, expecting $9B to $11B in adjusted EBIT and approximately $6B in adjusted free cash flow, ahead of its Capital Markets Day event.

Portfolio Pulse from Charles Gross

May 22, 2023 | 10:06 am

YMM

Full Truck Alliance Co (NYSE:YMM) reported Q1 earnings of $0.07 per share, beating the $0.05 estimate by 40%. Sales reached $247.87M, surpassing the $232.29M estimate by 6.71%. Both earnings and sales increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:55 am