Streetbeat News

Revenues

BURL

Burlington Stores reported a significant increase in Q3 adjusted earnings per share (EPS) to $1.10, up 155.81% from $0.43 YoY. Sales also rose to $2.29B, a 12.15% increase from $2.04B YoY.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:47 am

GLNG

Golar LNG (NASDAQ:GLNG) reported Q3 sales of $67.25M, missing the consensus estimate of $73.81M by 8.88% and marking a 1.73% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:34 am

TCOM

Trip.com Group Ltd (NASDAQ:TCOM) reported a 99% Y/Y increase in Q3 FY23 revenues, reaching RMB13.7 billion, driven by a strong recovery in the travel market. Accommodation reservations rose 92% Y/Y, transportation ticketing increased 105% Y/Y, and packaged-tour revenue jumped 243% Y/Y. Domestic hotel bookings grew 90% Y/Y, and outbound hotel and air reservations recovered to around 80% of pre-COVID levels. Adjusted EBITDA was RMB4.6 billion with a 34% margin, and adjusted EPS per ADS was RMB7.26. In USD, revenue was $1.885 billion, and adjusted earnings per ADS were $1.00. The company also repurchased 3.6 million ADSs for $120 million. Despite the positive report, TCOM shares are down 3.27% in premarket trading.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 11:20 am

LOW

Lowe's Companies has revised its FY23 comparable sales forecast, now expecting a decrease of approximately -5%, compared to the previously expected range of -2% to -4%.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:07 am

CNTB

Connect Biopharma Holdings Limited (NASDAQ:CNTB) has entered into an exclusive license and collaboration agreement with Simcere Pharmaceutical Co., Ltd. to develop and commercialize rademikibart in Greater China. The deal includes a ¥150 million RMB upfront payment to Connect Biopharma, up to ¥875 million RMB in milestone payments, and royalties on net sales.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:06 am

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