Streetbeat News

Earnings

LAZ

Lazard Ltd CEO, Ken Jacobs, is expected to resign for undisclosed reasons, with Peter Orszag, head of the investment bank's financial advisory division, named as his replacement. Lazard recently reported a Q1 adjusted loss per share of $0.26 and revenue of $527 million, missing consensus estimates. The company also plans to cut 10% of its workforce by 2023.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 1:17 pm

DHI

EXPR

GLOB

LXEH

ONON

Top 5 stocks to watch include DHI, ONON, EXPR, GLOB, and LXEH. DHI is affected by home prices, ONON is a sympathy play in the shoe sector, EXPR is favored by an analyst, GLOB is a play on AI, and LXEH is up due to China's cooperation with central Asian countries.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 1:12 pm

FL

FTCH

LXEH

MULN

In Friday's pre-market session, 12 consumer discretionary stocks experienced significant price movements. Gainers included Lixiang Education, Farfetch, Digital Brands Group, Yoshiharu Global, Fossil Group, and ARKO. Losers were Foot Locker, a.k.a. Brands Holding, Mullen Automotive, Aterian, Sonder Holdings, and Noodles.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 1:08 pm

CTLT

Catalent (CTLT) shares are trading higher amid volatility, as the company announced a delay in Q3 results and held a conference call to provide a business update.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:54 pm

BABA

JD

JD.com's CEO Xu Lei has resigned and will be replaced by current CFO Sandy Xu, sparking speculation of founder Richard Liu's return. The company's Q1 adjusted net profit rose 88% to 7.59 billion yuan, and some analysts are optimistic about the outlook.

Portfolio Pulse from The Bamboo Works

May 19, 2023 | 12:52 pm

DXC

DXC Technology reported worse-than-expected Q4 results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:49 pm

GTEC

Greenland Technologies (GTEC) reported better-than-expected Q1 financial results, leading to a surge in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:43 pm

GTEC

Greenland Technologies Holding Corporation (GTEC) reported Q1 revenue of $22.15 million, beating the consensus estimate of $20.55 million, and an EPS of $0.11, surpassing the expected loss of $0.02. Despite a YoY decline in revenue and EPS, the company sees solid demand ahead and anticipates revenue growth for its core transmission business in 2023.

Portfolio Pulse from Nabaparna Bhattacharya

May 19, 2023 | 12:41 pm

DE

Deere & Company reported Q2 FY23 net sales and revenue growth of 30% YoY to $17.39 billion, beating consensus estimates. The company also raised its FY23 guidance for Production & Precision Ag, Small Ag & Turf, and Construction & Forestry net sales growth and price realization.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 12:35 pm

CINT

CI&T reported Q1 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:33 pm