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DY

Dycom Industries (NYSE:DY) reported Q3 earnings of $2.82 per share, surpassing the $1.78 estimate by 58.43%, and a 56.67% increase from last year's $1.80 per share. Sales reached $1.14B, exceeding the $1.07B estimate by 6.17% and marking a 9.02% increase from the previous year's $1.04B.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:03 am

LOW

Lowe's Companies, Inc. (NYSE: LOW) reported a decrease in Q3 earnings per share (EPS) from $3.27 last year to $3.06 this year, and a decline in sales from $23.48 billion to $20.47 billion, representing a 6.42% decrease in EPS and a 12.81% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:03 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

RSKD

UBS analyst Timothy Chiodo has downgraded Riskified (NYSE:RSKD) from Buy to Neutral and reduced the price target from $5.75 to $5. This reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:54 am

BIDU

IQ

Baidu, Inc (NASDAQ: BIDU) reported a 6% year-on-year increase in Q3 FY23 revenue to $4.72 billion, missing estimates by $0.07 billion. Adjusted earnings per ADS of $2.80 exceeded expectations by $0.48. Baidu Core and online marketing revenues grew by 5%, while non-online marketing, including cloud and AI businesses, increased by 6%. IQIYI, Inc (NASDAQ: IQ) saw a 7% revenue increase to $1.10 billion, slightly below the $1.12 billion consensus. Baidu's SG&A and R&D expenses rose, with a focus on AI investments like ERNIE 4.0. The company has $27.8 billion in cash and generated $822 million in free cash flow. BIDU shares rose 2.12% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 10:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) has released multiple video ads on YouTube, showcasing the ease of charging with its app and the extensive supercharger network. This marks a shift from Tesla's previous no-advertising policy, as Elon Musk had indicated in May that the company would experiment with advertising. The move comes after Tesla reported lower-than-expected deliveries in Q3 but still aims to hit 1.8 million vehicle deliveries for the year.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 10:42 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

GEN

Morgan Stanley analyst Hamza Fodderwala has upgraded Gen Digital (NASDAQ:GEN) from Equal-Weight to Overweight and increased the price target from $23 to $26.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:37 am

EMBC

Embecta (NASDAQ:EMBC) reported Q4 adjusted EPS of $0.59, surpassing the $0.40 estimate, and sales of $281.90M, exceeding the $271.55M estimate. However, EPS decreased by 19.18% compared to $0.73 from the same period last year, while sales saw a 2.66% increase from $274.60M.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:35 am