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ARBK

Argo Blockchain PLC's H1 2023 revenue declined by 31% Y/Y to $24.0 million due to lower Bitcoin price and higher global hashrate. The company reported an EPS loss of $(0.03), narrower than $(0.08) a year ago. ARBK achieved a mining margin of 42%, higher than 33% in H2 FY22. The company generated power credits of around $1.1 million in Q2 2023 and expects to generate more in Q3. ARBK raised $7.5 million through a share placement post Q2 and used a portion to repay around $1.8 million in debt.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 10:37 am

AGEN

CAN

GOEV

HEI

TNGX

VFS

Several stocks including HEICO Corporation, VinFast Auto Ltd., Canoo Inc., Agenus Inc., Canaan Inc., and Tango Therapeutics, Inc. recorded losses in Tuesday's pre-market trading session. HEICO shares fell after reporting Q3 results, while Canaan shares dropped following downbeat Q2 results. Canoo shares declined after the company announced a new CFO.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 10:27 am

SCVL

Shoe Carnival has reduced its 2023 net sales outlook from $1.23B-$1.25B to $1.19B-$1.21B, which is in line with the consensus estimate of $1.19B.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:22 am

NIO

NIO reported Q2 losses of $0.45 per share, missing the analyst consensus estimate of $0.36 by 25%. This is a 125% increase in losses from the same period last year. The company also reported quarterly sales of $1.21 billion, missing the analyst consensus estimate of $1.35 billion by 10.44%. This is a 21.34% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:20 am

NIO

NIO Inc. has projected its Q3 2023 revenue to be between $2.61B and $2.69B, surpassing the $2.44B estimate. The company also expects vehicle deliveries to range from 55,000 to 57,000, marking a 74.0% to 80.3% increase from Q3 2022.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:19 am

SCVL

Shoe Carnival reported a 6.5% decrease in Q2 comparable store sales.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:17 am

NIO

NIO reported Q2 2023 vehicle deliveries of 23,520, a decrease of 6.1% YoY and 24.2% QoQ. The deliveries consisted of 10,492 premium smart electric SUVs and 13,028 premium smart electric sedans.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:17 am

SCVL

Shoe Carnival reported Q2 earnings of $0.71 per share, a 31.73% decrease from the same period last year. However, the company's quarterly sales of $294.62 million beat the analyst consensus estimate of $286.35 million by 2.89%, despite being a 5.65% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:17 am

QQQ

SPY

The stock futures were narrowly mixed ahead of key economic readings including house prices data, consumer confidence reading, and the JOLTS survey. The Federal Reserve's data-dependent stance could potentially lift market sentiment if data suggests a slowdown in economic momentum. Analysts from Morgan Stanley suggest a strategy of 'buying weakness than selling rallies' due to the central bank's skew towards holding or further rate hikes. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.06% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.05%.

Portfolio Pulse from Shanthi Rexaline

August 29, 2023 | 10:16 am

FTCH

Morgan Stanley analyst Lauren Schenk has downgraded Farfetch (NYSE:FTCH) from Overweight to Equal-Weight and lowered the price target from $20 to $5.

Portfolio Pulse from richadhand@benzinga.com

August 29, 2023 | 9:36 am