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Revenues

LOW

Lowe's Companies Inc (NYSE:LOW) reported better-than-expected Q1 FY24 earnings, with EPS of $3.06 beating estimates. Despite a 4.4% revenue decline to $21.364 billion, the company saw positive comparable sales in Pro and online segments. Gross profit fell 5.8%, and operating income dropped 19.3%. Lowe's affirmed its FY24 outlook, expecting revenue of $84-$85 billion and EPS of $12.00-$12.30. Shares are trading higher by 2.54% in premarket.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 11:22 am

BZ

Kanzhun Ltd expects its Q2 2024 revenue to be between RMB1.91 billion and RMB1.96 billion, representing a year-on-year increase of 28.4% to 31.7%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:18 am

AZN

AstraZeneca (NASDAQ: AZN) has announced an ambitious plan to increase its total revenue to $80 billion by 2030, up from $45.8 billion in 2023. The growth will be driven by expanding its oncology, biopharmaceuticals, and rare disease portfolios, and introducing 20 new medicines by the end of the decade. The company will also invest in transformative technologies and platforms to sustain growth beyond 2030. AstraZeneca aims to achieve a mid-30s percentage core operating margin by 2026 and maintain it post-2026. Analysts have mixed views on the revenue target, with some seeing a 20% upside to the 2030 consensus.

Portfolio Pulse from Vandana Singh

May 21, 2024 | 11:16 am

OCFT

OneConnect Financial Technology reported Q1 revenue of $100.83 million, a decrease of 19.1% year-over-year, and an EPADS loss of $(0.4).

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:15 am

YMM

Full Truck Alliance expects its Q2 2024 net revenues to be between RMB 2.65 billion and RMB 2.72 billion, representing a year-over-year growth of approximately 28.3% to 31.7%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:11 am

AIRI

Air Industries Group has received a $2.4 million order for landing gear used on the E-2C Hawkeye.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:09 am

YMM

Full Truck Alliance Co (NYSE:YMM) reported Q1 2024 earnings of $0.10 per share, beating the analyst estimate of $0.07 by 42.86%. The company also reported sales of $314.212 million, surpassing the estimate of $313.193 million. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:07 am

ORGS

Orgenesis (NASDAQ:ORGS) reported a significant decline in its Q1 earnings and sales. The company posted a loss of $(0.29) per share, a 270.59% decrease from $0.17 per share last year. Sales were $141.00K, missing the $12.00M estimate by 98.83% and down 98.00% from $7.04M last year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:06 am

KOMP

PBW

TSLA

XPEV

XPeng Inc (NYSE:XPEV) reported strong fiscal first-quarter sales growth of 62.3% year-on-year, beating analyst estimates. Despite a sequential revenue decline, the company saw a significant increase in vehicle deliveries and improved margins. XPeng expects robust growth in Q2 vehicle deliveries and revenue. The stock gained 5.80% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 11:05 am

BZ

Kanzhun reported its Q1 2024 financial results, with adjusted EPADS of $0.16, beating the estimate of $0.13. Sales were $235.967 million, also surpassing the estimate of $229.64 million.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:04 am