Streetbeat News

Revenues

LOW

Lowe's reported a 7.4% decrease in Q3 comparable sales, attributed to a drop in DIY discretionary spending, though this was partially mitigated by positive comparable sales from professional customers.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:06 am

LOW

Lowe's Companies has updated its FY23 sales forecast, now expecting approximately $86 billion, which is lower than its previous guidance of $87 billion to $89 billion and below the consensus estimate of $87.61 billion.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:04 am

YRD

Yiren Digital (NYSE:YRD) reported a significant increase in its Q3 2023 earnings per share (EPS) to $0.85, up 102.86% from $0.42 YoY. Sales also rose to $179.66M, a 52.02% increase from $118.18M YoY.

Portfolio Pulse from totan@benzinga.com

November 21, 2023 | 11:01 am

YSG

Yatsen Holding (NYSE:YSG) reported Q3 2023 adjusted earnings per ADS of $(0.03), consistent with the previous year. However, sales declined by 18.39% to $98.43M from $120.60M in the same quarter last year.

Portfolio Pulse from totan@benzinga.com

November 21, 2023 | 10:59 am

AIRE

BUR

IQ

MOR

RCEL

SBSW

TCOM

VTNR

AVITA Medical, Inc. (NASDAQ:RCEL) lowered its FY23 revenue forecast, causing its shares to drop 10.9% in pre-market trading. The company adjusted its revenue guidance from $51 million-$53 million to $49.5 million-$50.5 million. Other stocks experiencing pre-market losses include Sibanye Stillwater Limited (NYSE:SBSW), MorphoSys AG (NASDAQ:MOR), reAlpha Tech Corp. (NASDAQ:AIRE), Vertex Energy, Inc. (NASDAQ:VTNR), iQIYI, Inc. (NASDAQ:IQ), Burford Capital Limited (NYSE:BUR), and Trip.com Group Limited (NASDAQ:TCOM). U.S. stock futures were mostly lower, with Dow Jones futures down about 50 points.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 10:38 am

EMBC

Embecta Corp. forecasts FY24 revenues to be between $1.085B and $1.105B, slightly below the consensus estimate of $1.11B.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:37 am

YSG

Yatsen Holding Limited anticipates its Q4 2023 revenue to be in the range of RMB1.01 billion to RMB1.06 billion, reflecting a 0% to 5% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:22 am

YSG

Yatsen Holding (NYSE:YSG) reported Q3 earnings per share (EPADS) of $(0.03), consistent with the previous year. However, sales declined by 18.39% to $98.43M from $120.60M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:20 am

YRD

Yiren Digital Ltd anticipates its Q4 2023 revenue to range from RMB1.0 billion to RMB1.3 billion, with a stable net profit margin based on preliminary assessments of business and market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:15 am

YRD

Yiren Digital (NYSE:YRD) reported a significant increase in quarterly earnings and sales. Earnings per share (EPS) were $0.85, up 102.86% from $0.42 YoY. Sales rose 52.02% to $179.66M from $118.18M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:13 am