Streetbeat News

Revenues

HA

Hawaiian Holdings Inc's Q3 revenue was trending positively but was reversed due to the West Maui wildfire. The company now expects its operating revenue per ASM for the quarter ending September 30, 2023, to be down 4.0% to 7.0% compared to Q3 of 2022.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:27 pm

XPO

XPO Logistics, a leading provider of freight transportation in North America, reported preliminary LTL segment operating metrics for August 2023. The company saw a 3.1% YoY increase in LTL tonnage per day, due to an 8.1% increase in shipments per day and a 4.6% decrease in weight per shipment.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:24 pm

PDD

PDD Holdings Inc's shares are trading lower by 2.6% due to slower-than-expected August service sector activity growth in China, as reported by Caixin Services PMI data. PDD relies heavily on consumer spending, particularly in e-commerce and online shopping. A slowdown in service sector activity may indicate reduced consumer confidence or purchasing power, which can lead investors to question PDD's revenue and growth prospects.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 7:49 pm

JKS

Shares of JinkoSolar Holding Co., Ltd (NASDAQ:JKS) are trading lower by 3.1% due to slower-than-expected August service sector activity growth in China, as reported by Caixin Services PMI data. This could lead to delays in commercial and industrial solar installations, which JinkoSolar supplies. If businesses postpone or scale back their solar projects due to economic uncertainty, it can directly affect JinkoSolar's revenue and earnings.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 7:43 pm

NTDOY

Nintendo Company Ltd's (OTC:NTDOY) Nintendo Switch console continues to see success, with a 13.9% increase in sales in the June quarter. The success is attributed to the Super Mario Bros. Movie and exclusive games like The Legend of Zelda. Despite rumors of a new console, the company is focusing on maintaining the Switch's momentum. Nintendo's goal is to bolster demand for the upcoming holiday season.

Portfolio Pulse from Franca Quarneti

September 05, 2023 | 7:17 pm

SNOW

Needham analyst Mike Cikos reiterated a Buy rating on Snowflake Inc (NYSE:SNOW) with a price target of $216. The analyst believes Snowflake's expansion and its Cloud-Native Data Platform are disrupting the market and making it a strong competitor against Databricks. The company is expected to see FY24 revenues rise 32.5% Y/Y to $2.737 billion and FY25 revenues of $3.415 billion, up 24.7% Y/Y.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 5:59 pm

TCOM

Mizuho analyst James Lee reiterated a Buy rating on Trip.com Group Ltd (TCOM) and raised the price target from $50 to $55. The company's Q2 FY23 revenues rose 180% Y/Y to RMB11.2 billion, led by a travel market recovery. The analyst expects FY23 revenue to fully recover and grow 23% vs. FY19. The analyst also increased FY24E EBITDA by 8% to RMB12.2 billion and introduced FY25E EBITDA at RMB13.4 billion.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 5:57 pm

STX

Traders are circulating comments from Seagate Technology at the Goldman Sachs Communacopia and Technology Conference, indicating that the company's revenue and EPS are tracking to the low end of prior guidance due to its exposure to China.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:24 pm

MSFT

Bethesda's 'Starfield' game, before its official launch, is topping Xbox sales charts and attracting thousands of users on Steam. Microsoft's early access strategy is helping recoup revenue while still offering the game on Game Pass from day one. The game has seen significant engagement on Steam, with a peak of over 245,000 concurrent players and rising daily peaks between Sept. 1-3.

Portfolio Pulse from Franca Quarneti

September 05, 2023 | 5:13 pm

TSLA

Tesla Inc's shares are trading higher after the company reported a 9.4% year-over-year increase in China sales in August, with a month-over-month rise of 30.92%. China's large automobile market and supportive regulatory environment for electric vehicles have benefited Tesla's sales and manufacturing operations.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 4:57 pm