Streetbeat News

Stock Prices

A

NVDA

SCHW

SNOW

SNPS

URBN

WOLF

ZM

ZUO

US stocks are set for a modest start as traders await Nvidia's earnings and the Jackson Hole Symposium. Nvidia's upcoming earnings are seen as a key market catalyst. Several companies, including Agilent Technologies and Urban Outfitters, showed significant premarket movements based on earnings results.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 10:41 am

AAP

Advance Auto Parts shares declined following a Q2 earnings per share (EPS) miss and a downward revision of their fiscal year 2024 revenue and EPS outlook.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:37 am

AAP

Advance Auto Parts has revised its FY24 outlook, lowering its EPS guidance to $2.00-$2.50 from $3.75-$4.25 and sales forecast to $11.15B-$11.25B from $11.30B-$11.50B. This is below the previous estimates of $3.64 EPS and $11.30B in sales.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:36 am

AAP

Advance Auto Parts reported Q2 2024 earnings per share of $0.75, missing the analyst estimate of $1.07 by 29.91%. However, sales of $2.683 billion slightly beat the estimate of $2.679 billion. This reflects a 43.18% decrease in EPS and a 0.11% decrease in sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:31 am

DAO

NTES

NetEase reported Q2 2024 revenue of $3.51 billion, missing estimates, but gaming segment performed well. Adjusted EPADS beat expectations. NTES shares fell 4.91% premarket.

Portfolio Pulse from Anusuya Lahiri

August 22, 2024 | 10:23 am

AAPL

Apple has delayed the production of its foldable MacBook due to technical issues, pushing the timeline to 2027 or 2028. Analyst Ming-Chi Kuo reports that the device will feature an 18.8-inch display, and high production costs are expected to decrease with improved yields.

Portfolio Pulse from Ananya Gairola

August 22, 2024 | 10:12 am

ZKH

ZKH Group reported a Q2 adjusted EPS of $(0.03) and sales of $309.61 million, missing the analyst consensus estimate of $319.24 million by 3.02%.

Portfolio Pulse from totan@benzinga.com

August 22, 2024 | 10:10 am

CSIQ

Canadian Solar has revised its FY24 revenue outlook downwards from $7.3B-$8.3B to $6.5B-$7.5B, with estimated revenue at $7.565B. The company also provided guidance on module and battery energy storage shipments.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:08 am

MOBX

STAF

WOLF

Wolfspeed shares rose 8.2% in pre-market trading despite missing earnings and revenue estimates for the fourth quarter and fiscal year. Several other stocks, including Staffing 360 Solutions and Mobix Labs, also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 10:06 am

CSIQ

Canadian Solar reported Q2 2024 earnings per share of $0.02, missing the $0.11 estimate, but sales of $1.64 billion beat the $1.59 billion estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:03 am