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VIPS

Vipshop Holdings Ltd reported Q2 FY23 revenue growth of 13.6% Y/Y to $3.84 billion, beating the consensus. GMV increased by 24.5% Y/Y and the number of active customers grew by 9.6% Y/Y. The company also reported an expansion in gross margin and non-GAAP operating margin. Despite these positive results, VIPS shares are trading lower by 5.739% premarket.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 10:52 am

TSLA

XPEV

XPeng Inc reported a Q2 FY23 sales decline of 31.9% YoY, beating the consensus. However, its non-GAAP net loss per ADS missed the consensus. The company's vehicle deliveries decreased by 32.6% YoY. Revenues from vehicle sales also decreased by 36.2% YoY. Despite these headwinds, the company sees momentum with the launch of XPENG G6. The company expects Q3 vehicle deliveries and revenue to increase YoY. XPEV shares fell by 6.45% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 10:49 am

SGHC

Benchmark analyst Mike Hickey has upgraded Super Group (SGHC) from Hold to Buy and announced a price target of $4.5. The company is listed on the NYSE under the ticker SGHC.

Portfolio Pulse from richadhand@benzinga.com

August 18, 2023 | 10:48 am

TTEK

Tetra Tech Inc has priced its $500 million aggregate principal amount of 2.25% Convertible Senior Notes due 2028 in a private placement. The company estimates that the net proceeds from the offering will be approximately $487.1 million. Tetra Tech plans to use the proceeds to pay for the cost of the capped call transactions, repay all outstanding amounts under its revolving credit facility and senior secured term loans. TTEK shares closed lower by 5.54% at $157.31 on Thursday.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 10:33 am

MITK

Mitek Systems, Inc. (MITK) has announced that the Nasdaq Hearings Panel has granted its request for continued listing on the Nasdaq Stock Market, pending its return to compliance with the Nasdaq filing requirement.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:32 am

XPEV

XPeng reported mixed Q2 earnings and a lower-than-expected Q3 revenue outlook, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:10 am

FTCH

JP Morgan analyst Doug Anmuth has downgraded Farfetch (NYSE:FTCH) from Overweight to Neutral and lowered the price target from $15 to $6.

Portfolio Pulse from richadhand@benzinga.com

August 18, 2023 | 10:06 am

XPEV

XPENG Inc. has provided its Q3 2023 outlook, expecting vehicle deliveries to be between 39,000 and 41,000, a YoY increase of 31.9% to 38.7%. Total revenues are expected to be between RMB8.5 billion and RMB9.0 billion, a YoY increase of 24.6% to 31.9%. These estimates are based on current market conditions and customer demand, and are subject to change.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:05 am

XPEV

XPENG reported a 27.3% quarter-over-quarter increase in total vehicle deliveries for Q2 2023, with 23,205 vehicles delivered compared to 18,230 in Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:02 am

XPEV

XPeng (NYSE:XPEV) reported Q2 losses of $(0.43) per share, missing the analyst consensus estimate of $(0.31) by 38.71 percent. However, the company's quarterly sales of $698.18 million beat the analyst consensus estimate of $694.28 million by 0.56 percent. This represents a 37.10 percent decrease over sales of $1.11 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:01 am