Streetbeat News

Revenues

RNW

ReNew Energy Global (RNW) reported Q2 sales of $345.00 million, surpassing the analyst consensus estimate of $258.41 million by 33.51%. This represents a 43.75% increase compared to sales of $240.00 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 11:06 am

A

BKE

GPS

KEYS

ZM

The CNN Money Fear and Greed index moved to the 'Greed' zone, indicating improved market sentiment. The S&P 500 recorded gains for the third consecutive week. The Gap, Inc. (GPS) and The Buckle, Inc. (BKE) saw significant stock price increases after reporting strong Q3 results. Housing starts and building permits in the U.S. showed growth. Most S&P 500 sectors ended positively, except for communication services and IT. Investors are looking forward to earnings from Keysight Technologies (KEYS), Zoom Video Communications (ZM), and Agilent Technologies (A).

Portfolio Pulse from Lisa Levin

November 20, 2023 | 10:55 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) is focusing on four new business pillars to drive growth, following the halt of its cloud unit spin-off due to U.S. chip export restrictions. CEO Eddie Wu Yongming emphasized innovation in key areas and announced the creation of independent subsidiaries for greater market flexibility. Alibaba also acquired a minority stake in Vietnamese beauty chain Hasaki, aiming for a 35% local market share by 2027. Amidst rumors of layoffs, Alibaba declared the speculations false and reported the matter to the police.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 10:54 am

SY

So-Young International Inc. forecasts its Q4 total revenues to be between $52.1M and $54.8M, indicating a growth of 16.9% to 23.0% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:34 am

ZEPP

Zepp Health projects Q4 net revenues to be between RMB600M and RMB850M, a decrease from RMB1.07B in the same quarter of the previous fiscal year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 10:23 am

NVS

Novartis is set to present data from over 100 trials at the 2023 SABCS and ASH Annual Meeting, focusing on significant updates for Kisqali, Iptacopan, and Scemblix. The presentations will include results from the Phase III NATALEE trial and Phase III APPLY-PNH trial, showcasing advances in breast cancer and hematology treatments.

Portfolio Pulse from Charles Gross

November 20, 2023 | 10:07 am

NIU

Niu Technologies anticipates a decrease in Q4 revenue, expecting to report between RMB 490 million to RMB 612 million, which represents a 20% to 0% decline year-over-year compared to analyst estimates of $885.51 million.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:08 am

YMM

Full Truck Alliance Co. forecasts its Q4 revenue to be between RMB 2.27 billion and RMB 2.32 billion, representing a year-over-year increase of 18.2% to 20.6%.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:08 am

YMM

Full Truck Alliance Co. reported a 27.0% year-over-year growth in fulfilled orders, reaching 42.5 million in Q3. Additionally, the company saw a 15.0% increase in average monthly active users (MAUs) among shippers, totaling 2.13 million.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:06 am

YMM

Full Truck Alliance Co. (YMM) reported a 57.14% increase in adjusted earnings per share (EPS) to $0.11 for Q3, up from $0.07 YoY. Sales rose 22.05% to $310.30M from $254.24M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:04 am