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Revenues

TUYA

Tuya Inc. (NYSE:TUYA) reported a positive adjustment in earnings per ADS to $0.02 in Q3, up from a loss of $(0.03) in the same quarter last year. Sales also increased by 35.73% to $61.10 million from $45.02 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:49 pm

AMBO

Ambow Education reported a decrease in Q2 2023 revenues to $2.7M from $5M in Q2 2022, a 46% drop, mainly due to the closure of Bay State College. However, EPS improved to $(0.02) from $(0.05) YoY. Gross profit fell 20% to $1.2M, but gross margin increased to 44.4% from 30%. Operating expenses decreased by 47.4% to $2M due to a one-time stock compensation in Q2 2022 and better expense control. Operating loss narrowed to $0.8M from $2.3M, and net loss to shareholders was $1.0M, or $0.02 per share, improving from a $2.5M loss, or $0.05 per share, in Q2 2022. Ambow had $12.4M in cash resources as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:41 pm

ALVO

Alvotech reported a nine-month EPS of $(1.21) for 2023, a decrease from $(1.00) in the previous year. However, product revenue increased to $29.800 million, up from $11.060 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:29 pm

ALVO

Alvotech reported a net loss of $275.2 million for the first nine months of 2023, with a loss per share of ($1.21). Revenue increased to $29.8 million, driven by sales of AVT02 in Europe and Canada. R&D expenses rose to $152.8 million due to new biosimilar candidates and termination charges for AVT23. G&A expenses decreased to $58.6 million, primarily due to lower non-cash share listing and transaction costs. Finance costs increased to $107.8 million due to additional borrowings and convertible bonds. The company's cash position was $68.3 million, excluding restricted cash, with borrowings of $912.1 million.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:28 pm

JBL

Jabil Inc. has revised its revenue guidance for Q1, Q2, and the full fiscal year 2024 below analyst estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:24 pm

JBL

Jabil Inc. has updated its FY24 core EPS guidance to $9, with expected revenue around $31 billion, which falls short of the estimated $33.7 billion.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:19 pm

SQ

Block, Inc. (NYSE:SQ) shares rose after reporting a 14% increase in transactions over Black Friday and Cyber Monday, reaching 70 million. Key highlights include a 15% rise in in-person shopping and restaurant transactions, a 31% increase in activated subscriptions, and significant growth in Buy Now, Pay Later (BNPL) transactions, with Afterpay's growing by 19% and Square sellers' by 47%.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 9:18 pm

JBL

Jabil has updated its Q2 2024 revenue guidance to $7B-$7.6B, which is lower than the estimated $8.1B previously expected by analysts.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:18 pm

JBL

Jabil has updated its Q1 2024 revenue guidance to $8.3B-$8.4B, which is lower than the estimated $8.74B previously anticipated by analysts.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:17 pm

LESL

Leslie's Inc. forecasts its FY24 adjusted EPS to be between $0.25 and $0.33, which is below the estimated $0.5. The company also projects revenue to be between $1.410 billion and $1.470 billion, falling short of the estimated $1.5 billion.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:15 pm