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VIPS

Vipshop Holdings (NYSE:VIPS) reported Q4 earnings with an EPS of $0.82, beating estimates by 15.0% against an expected $0.71. Revenue increased by $280 million from the same period last year. The company has a history of beating EPS estimates, leading to a share price increase the following day, as seen in the previous quarter with a 7% rise.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 10:10 am

ACMR

ACM Research shares are trading higher following the announcement of better-than-expected fourth-quarter FY23 results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:08 am

ACMR

ACM Research (NASDAQ:ACMR) reported Q4 earnings with an EPS of $0.43, beating estimates by 153.0% and showing a revenue increase of $61.78 million from the previous year. The company's past earnings performance also included a beat on EPS by $0.22 last quarter, which led to a 12.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 10:05 am

IQ

iQIYI (NASDAQ:IQ) reported Q4 earnings with an EPS of $0.1, beating estimates by 67.0% but showed no revenue growth from the previous year. The company has a history of surpassing EPS estimates, which previously led to a slight increase in share price.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 10:05 am

BIDU

Baidu (NASDAQ:BIDU) reported Q4 earnings with an EPS of $3.08, beating estimates by 24.0% and showing a revenue increase of $127.00 million from the previous year. This follows a pattern of beating EPS estimates in previous quarters, with a notable 6.0% share price increase after last quarter's earnings beat.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 10:05 am

VIPS

Vipshop Holdings (NYSE:VIPS) reported Q4 adjusted earnings per ADS of $0.82, surpassing the $0.71 estimate, marking a 15.49% beat and a 54.72% increase from last year. Sales reached $4.88B, exceeding the $4.69B estimate by 4.12% and showing a 6.06% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:02 am

BTCUSD

ETHUSD

IBIT

Bitcoin (BTC) surged to $59,000, driven by market enthusiasm, institutional investment, and the upcoming halving event, leading to $71M in short squeezes. BlackRock's IBIT ETF saw over $1.3 billion in daily trading volume. The surge resulted in over 81,157 traders being liquidated, totaling $243.06 million, with Bitcoin and Ethereum (ETH) seeing significant short liquidations.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 9:27 am

IQ

iQIYI (NASDAQ:IQ) reported Q4 adjusted EPS of $0.10, surpassing the $0.06 estimate, and sales of $1.10B, exceeding the $1.07B estimate. However, this represents a 28.57% decrease in EPS from the same period last year, with sales remaining constant.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:06 am

BIDU

Baidu (NASDAQ:BIDU) reported Q4 adjusted EPS of $3.08, surpassing the $2.48 estimate, marking a 24.19% beat and a 39.37% increase from last year's $2.21. Quarterly sales reached $4.92B, exceeding the $4.86B estimate by 1.30% and showing a 2.65% increase from the previous year's $4.80B.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:02 am

CRM

LLY

PANW

VKTX

Jim Cramer discussed the stock performances of Palo Alto Networks, Eli Lilly, and Salesforce on CNBC, highlighting cybersecurity threats, competition in pharmaceuticals, and skepticism from analysts, respectively. Cramer recommended a long position in Palo Alto due to increasing cybersecurity demands. Eli Lilly's stock faced pressure from Viking Therapeutics' promising GLP-1 treatment results, but Cramer emphasized the importance of pharmaceutical backing. Salesforce's price target was raised by Wells Fargo, which Cramer saw as a red flag due to the hold rating.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 8:59 am