Streetbeat News

Revenues

GGR

Gogoro has reaffirmed its full-year 2023 sales guidance to be between $340M-$370M, which is below the consensus estimate of $384.90M. The company also estimates that approximately 95% of its FY23 revenue will come from the Taiwan market.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:10 am

BBWI

Bath & Body Works has revised its 2023 net sales forecast, now expecting a decline of 2.5%-4% compared to the previous estimate of a 1.5%-3.5% decrease from the $7.560 billion reported in 2022.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:05 am

DOLE

Dole reported Q3 adjusted earnings of $0.24 per share, surpassing the $0.12 estimate, a 71.43% increase from last year. However, sales of $2.04B fell short of the $2.19B estimate, though they were up 4.18% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:02 am

SIEGY

Siemens AG (SIEGY) reported Q4 FY23 revenue of €21.4 billion, a 4% Y/Y increase, and a 7% rise in Profit Industrial Business to €3.38 billion. EPS was €2.17, down from €3.39 Y/Y. The company experienced a loss in Siemens Energy Investment but proposed a dividend increase to €4.70/share. FY24 guidance includes 4-8% comparable revenue growth and EPS pre-PPA of €10.40 to €11.00, excluding Siemens Energy Investment. Shares closed up 1.32% at $75.15.

Portfolio Pulse from Lekha Gupta

November 16, 2023 | 10:57 am

ALLT

Allot Communications Ltd. expects Q4 revenues to be between $20M-$25M, which is below the consensus estimate of $28.12M. The company also anticipates an adjusted operating loss of $4M to $6M for the same period.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:08 am

AMAT

BABA

TGT

TJX

WMT

Market sentiment improved as the Fear and Greed index moved to 'Neutral'. U.S. stocks rose after the PPI data indicated a decline, contrary to expectations. TJX shares fell after a weak Q4 profit forecast, while Target's shares surged post strong Q3 results. S&P 500 sectors mostly gained, except energy and utilities. Investors look forward to earnings from AMAT, WMT, and BABA.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 9:59 am

VWAGY

Volkswagen's CEO Oliver Blume is optimistic about launching a €20,000 ($21,714) electric vehicle (EV) by the second half of the decade. Blume cites reducing battery costs as key to achieving this price point, with plans to manufacture a unified battery cell to cut expenses by half. Volkswagen previously announced a €25,000 ($27,125) EV with a 450-km range and quick charging, and a less expensive model is hinted at but not detailed. Challenges such as inflation, charging infrastructure, and subsidy cuts are acknowledged. Volkswagen AG also plans to launch a sub-$35,000 EV in the U.S. within 3-4 years.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 8:49 am

AAPL

BMWYY

GM

Owners of the iPhone 15 are experiencing wireless charging issues in General Motors Co. (GM) vehicles, following similar problems previously reported with BMW AG (BMWYY) cars. The issue has persisted across several iOS updates, including iOS 17.1, 17.1.1, and the beta for 17.2. While Apple support has suggested the problem lies with GM's vehicles, the fact that the wireless charging worked before the iOS updates indicates a potential issue with Apple's software. This bug is significant as it affects the functionality of features like wireless Apple CarPlay.

Portfolio Pulse from Rounak Jain

November 16, 2023 | 7:59 am

JG

Aurora Mobile (NASDAQ:JG) reported a decrease in sales for Q3, with revenues of $10.15M compared to $11.31M in the same period last year. The company also reported an adjusted net income of $0.3M.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:33 am

EWA

Australia's unemployment rate for October remained steady at 3.7%, in line with estimates and only slightly higher than the previous month's rate of 3.6%.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:25 am