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Revenues

TSLA

XPEV

XPeng Inc (XPEV) reported a 25% year-on-year sales growth in Q3 FY23, surpassing consensus estimates with revenues of $1.17 billion. Adjusted net loss per ADS was better than expected at $(0.44). Vehicle deliveries grew by 35.3% to 40,008 units, driven by strong G6 sales. However, gross and vehicle margins turned negative compared to the previous year. XPeng forecasts a significant increase in Q4 vehicle deliveries and revenue, expecting to beat consensus revenue estimates. Despite the positive outlook, XPEV shares dropped by 1.47% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 12:19 pm

MLSS

Milestone Scientific reported a Q3 EPS of $(0.02), improving from $(0.03) YoY. However, their sales of $2.06M fell short of the $2.76M estimate, marking a 7.04% decrease from last year's sales.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:12 pm

BFI

BurgerFi International, Inc. forecasts its FY23 revenue to be between $160M and $170M, which falls short of the estimated $176.8M.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:09 pm

ALC

QQQ

SPY

TSLA

U.S. stocks are poised to continue their gains as traders await new economic data, including producer price inflation, retail sales, and regional manufacturing activity. Positive sentiment is bolstered by the House's approval of a temporary spending bill. Despite potential profit-taking, the outlook remains optimistic with broad-based buying interest and strong performance from the Nasdaq Composite, S&P 500, Dow Industrials, and Russell 2000. Analysts suggest the trend is positive, with potential for a year-end rally. Premarket trading saw SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) rise. Alcon Inc. (ALC) fell post-earnings, while Tesla (TSLA) gained on Cybertruck event news. Other companies set to report earnings include AAP, CTLT, JD, TGT, TJX, CSCO, JJSF, KLIC, and SONO.

Portfolio Pulse from Shanthi Rexaline

November 15, 2023 | 12:09 pm

CTLT

Catalent, Inc. has reaffirmed its fiscal year 2024 sales guidance, projecting revenues to be between $4.3 billion and $4.5 billion. This forecast aligns with the consensus estimate of $4.36 billion.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:07 pm

RSKD

Riskified has updated its FY23 revenue forecast to be between $297M and $300M, which is slightly below the previous estimate of $300.8M. The company's prior view was a range of $298M to $303M. Riskified also indicated that it does not anticipate any further deterioration in consumer spending patterns.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:06 pm

ZIM

ZIM Integrated Shipping Services Ltd. reported Q3 revenues of $1.273 billion, which fell short of the estimated $1.324 billion.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:01 pm

AAP

Advance Auto Parts reported lower than expected Q3 financial results and reduced its annual revenue and EPS outlook, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:53 am

JMIA

Jumia Technologies (NYSE:JMIA) reported Q3 sales of $44.90M, missing the consensus estimate of $46.17M by 2.75% and marking an 11.07% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:51 am

CRWS

Crown Crafts reported a decrease in Q2 EPS to $0.18 from $0.20 YoY, but an increase in sales to $24.13M from $18.73M YoY, indicating mixed financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:36 am