Leisure Products

Hasbro

NetEase

Conference Minutes

STEP

K3MD

09999

NTES

09899

HIG-G

Below is Dolphin Research's FY25 Q4 earnings call Trans for $NetEase(NTES.US). For the earnings analysis, cf. 'NetEase: The Pig Farm Still Has to Hold On'.I. Key highlights: 1) Shareholder returns: declared a $1.16/ADS dividend and has repurchased approx. $2.0bn under its $5.0bn program. 2) Outlook: will keep investing in content R&amp;D (R&amp;D ratio to stay above 15%), and expects long-term AI-driven efficiency gains to further unlock...

Sealed Air

Stepstone

Hartford Insurance

Proshares S&P Global Core Battery Metals ETF

Youdao

NTES ADR US

NTES-S

NETEASE MUSIC

THE HARTFORD INSURANCE GROUP INC 6%NON CUM DEP SHS REP 1/1000TH PFD SER G

NTES (Trans): '遗忘之海' launch slips to Q3; '无限大' still being polished

Salesforce

INFA

OpenAI

DXYZ

GOOG

GOOGL

GGLS

GGLL

ARR-C

The following are the minutes of the FY26Q3 earnings call for $Salesforce(CRM.US) compiled by Dolphin Research. For an interpretation of the earnings report, please refer to the article &#34;Salesforce: Is the AI Agent 'Delayed', and Has the SaaS Leader Become a Value Stock?&#34; 1. Review of Core Financial Information Guidance: The company is still expected to reaccelerate revenue growth within the next 12 to 18 months. Net new AOV growth: Net new AOV growth in the second half of FY26 is expected to exceed AOV growth in the second half...

Informatica

Destiny Tech100

Haleon

Alphabet - C

Alphabet

IRSA Inversiones

NOVARTIS AG

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Armour Residential Reit

Gartner

ING Groep

ARMOUR RESIDENTIAL REIT INC 7.00% CUM RED PFD STK SER C

Salesforce (Minutes): The foundation of technology and sales has been laid, looking forward to the harvest period

Financial Analysis

INFR

The SaaS leader $Salesforce(CRM.US), announced its Q3 FY2026 financial results (ending October 31) after the US stock market closed on December 4. The performance for the quarter was not good, with most key metrics falling short of market expectations. The relatively comforting aspect is that leading indicators (cRPO and new orders) showed a slight improvement on a low base. The highlight is that the company guided for significant growth improvement in the next quarter, mainly due to the consolidation impact of the acquisition of Informatica. Specifically: 1. Overall revenue growth continues to slow down...

iShares Global Infrastructure UCITS ETF USD

Clearbridge Sustainable Infrastructure ETF

Salesforce: AI Agent 'Delayed', Has the SaaS Leader Become a Value Stock?

Airbnb

ABNB

The following are the Minutes of the Q3 2025 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Airbnb: Is it truly climbing out of the trough, or just a 'flash in the pan'?&#34; 1. Review of Core Financial Information This quarter, the total booking amount increased by 14% year-on-year to $22.9 billion, mainly driven by the increase in booking volume and average daily rates. The number of booked nights grew by 9% year-on-year, accelerating by 2 percentage points quarter-on-quarter, with the U.S. market performing particularly strongly. In the third quarter, the growth of booked nights in major regions remained stable or accelerated quarter-on-quarter: Latin America grew by approximately 20%...

Gabelli Dvd

Ameriprise Financial

Airbnb (Minutes): Believes that the scale of alternative accommodations has at least room to double

Applovin

00700

.SPX

VOOG

AXON

80700

TCTZF

TCEHY

SELF

HTCD

The following is a summary of the 3Q25 earnings call minutes for $AppLovin(APP.US) organized by Dolphin Research. For financial report interpretation, please refer to &#34;Without High Growth and Violent Aesthetics, Is Applovin Still Attractive?&#34; 1. Review of Core Financial Information This Quarter: The upgrade of the core gaming business model drove revenue to increase by 68% year-on-year to approximately $1.405 billion; adjusted EBITDA reached $1.158 billion, up 79% year-on-year, with a profit margin of 82%, an increase of 1 percentage point from the previous quarter, mainly due to the leverage effect and the moderate alleviation of foreign exchange fluctuations...

MediaAlpha

TENCENT

S&P 500

SPDR S&P 500

VG S&P 500 Grw

Axon Enterprise

TENCENT-R

Tencent Holdings Limited

Tencent

Global Self Storage

AppLovin

Tencent HK SDR 10to1

Applovin (Minutes): Currently, the week-over-week growth rate of new user spending on the self-service advertising platform has reached 50%

Amazon

MSFT

002245

AMZN

MSFL

MSFO

MSFD

MSFU

MSFX

MSFY

AMZU

$Amazon(AMZN.US) announced its Q3 2025 financial results after the U.S. stock market closed on October 31st, Beijing time. As the current market is almost entirely focused on cloud business, this quarter AWS finally experienced long-awaited accelerated growth beyond expectations, which is the biggest highlight and key signal of this quarter's performance. Aside from this, the company's growth and profit performance in the retail business were generally stable and in line with expectations. Specifically: 1. The long-awaited AWS acceleration has finally arrived: the current growth rate of the cloud business has almost become the single indicator that &#34;determines life and death&#34;...

Microsoft

Jiangsu Azure Corporation

GraniteShares 2x Long MSFT Daily ETF

YieldMax MSFT Option Income Strategy ETF

Direxion Daily MSFT Bear 1x Shares

Direxion Daily MSFT Bull 2X Shares

T-Rex 2X Long Microsoft Daily Target ETF

Kurv Yield Premium Strategy Microsoft MSFT ETF

Direxion Daily AMZN Bull 2X Shares

AWS major reversal, has Amazon finally 'seen the light at the end of the tunnel'?

GOLD

After the market closed yesterday, Lao Pu announced its second rights issue of the year. Coupled with the recent decline in gold prices, this has triggered a continuous pullback in Lao Pu's stock price. So, how should we view this rights issue by Lao Pu? Dolphin Research will briefly discuss:First, compared to the first rights issue in May, although the total fundraising amount is similar (around HKD 2.7 billion), this time Dolphin Research estimates that the discount rate is only 4.5%, and the placement size accounts for 2.6% of the expanded total share capital (the discount rate in May was 8%, accounting for 3.2% of the total share capital). Therefore, in terms of the dilution ratio to the stock price, it is obviously more friendly to investors. As for the use of the proceeds, unlike the 80% of funds in May that were used for store expansion, location optimization, and personnel expansion, this time 70% of the funds will be used to purchase inventory (gold) (only 10% for store expansion), making the use of funds more focused. The question is, why is Lao Pu raising funds to buy inventory at this time?In fact, the reason is quite straightforward—both inventory and cash are insufficient! We can do a simple calculation: Lao Pu's revenue in the second half of 2024 was RMB 5.3 billion, corresponding to year-end inventory of RMB 4 billion, while Lao Pu's revenue in the first half of 2025 was RMB 12.3 billion, corresponding to inventory of RMB 8.5 billion. This means that during the high growth phase of Lao Pu's revenue, the ratio of inventory to revenue must remain basically consistent to ensure no supply issues (inventory/revenue at around 70%-75%). According to last year's operating pace, if revenue in the second half of the year reaches RMB 18 billion, it means that inventory must be at least RMB 13.5 billion to match. As of the first half of 2025, Lao Pu's inventory was only RMB 8.7 billion, and an additional RMB 5 billion in inventory is needed in the second half of the year. However, Lao Pu's current cash on hand is only RMB 2.5 billion, meaning the remaining RMB 2.5 billion gap can only be filled through external financing, which aligns with the proportion of this rights issue.Additionally, from the profit side, due to the recent surge in gold prices, Lao Pu announced on October 17th that it would implement its third price increase of the year starting from the 26th, with an expected increase of about 15%. Combined with the previous two increases (10% in February, 12% in August), the overall price increase for the year is close to 40%. At this rate, the gross profit margin in the second half of the year should remain stable.Therefore, based on the above analysis, as long as Lao Pu can use this rights issue to stockpile inventory and continue to achieve high turnover from inventory to sales, while gradually strengthening its brand power, it is a positive move from an operational perspective. Finally, from a valuation perspective, after the previous decline, the current performance of Lao Pu corresponding to 2026 is only about 17x. According to Dolphin Research's revised model based on the interim report, the DCF valuation exceeds HKD 170 billion, with an upside potential of over 40%. Whether to invest ultimately depends on whether Lao Pu can attract more consumers to focus on its logo rather than its design and the underlying gold price during this main upward wave of gold prices.

Gold.com

ETFS Capital Ltd.

Urban Edge Properties

Pathward Fin

AMTD Digital

INTR

TSLA

EXPE

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

REGCO

REGCP

Tesla Quick Interpretation: Overall, regarding Tesla's third-quarter performance, the results are fairly decent. Both total revenue and total gross profit exceeded market expectations. However, net profit slightly fell short of expectations due to increased expenses.From the perspective of the automotive business, which is the market's primary concern, Tesla's third-quarter vehicle sales revenue surpassed expectations. The core reason is that the market anticipated a quarter-on-quarter decline in Tesla's vehicle sales revenue, but the actual performance showed that the average selling price remained stable compared to the previous quarter.Dolphin Research believes this is mainly due to Tesla raising the prices of Model S/X in the United States and launching the higher-priced Model L version in China, offsetting the discounts on inventory Model 3/Y vehicles and loan discount offers in various regions.Regarding the most critical vehicle gross margin (excluding carbon credits), this quarter's vehicle gross margin improved quarter-on-quarter, aligning with market expectations. The quarter-on-quarter improvement in vehicle gross margin (excluding carbon credits) is attributed to the quarter-on-quarter increase in delivery volume, which released scale effects and reduced fixed per-unit amortized costs. However, Tesla was still affected by over $400 million in tariffs this quarter, increasing the variable cost per vehicle. Ultimately, the automotive business gross margin was generally in line with expectations.Since the second-quarter report, Tesla's stock price has reached a high of 439, which already reflects relatively full expectations for AI business and the upcoming mass production of Optimus. Therefore, compared to the third-quarter performance, the market is more concerned about the progress of Tesla's anticipated business.In this earnings call, it was confirmed that the reduced configuration version of Model 3/Y has replaced the plan for the low-cost Model 2.5. Instead, Tesla is more focused on the mass production of the autonomous Cybercab (expected to start mass production in Q2 next year). Due to the U.S. IRA subsidies phasing out in the fourth quarter, U.S. demand will face significant pressure. Without the support of Model 2.5, the fundamentals of vehicle sales in the fourth quarter are expected to continue deteriorating.Additionally, the release and mass production plan for the Optimus 3.0 prototype has been further delayed (Optimus P3 prototype release in Q1 2026, with mass production planning starting at the end of 2026), undoubtedly pouring cold water on the anticipated business. $Tesla(TSLA.US)

Inter

Regency Centers

Tesla

Expedia

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

GraniteShares 2x Long TSLA Daily ETF

Regency Centres Pref Share REG 5.875 Perp 09/21/23

Regency Centers Pref Share REG 6.25 Perp 09/21/23

Hasbro to Release Q1 Earnings on May 20 Pre-market; Wizards of the Coast Drives Expectations Amid Cyber Delay

Hasbro released FY2026 Q1 earnings on May 13 Pre-Market EST, actual revenue USD 1 B (forecast USD 958.87 M), actual EPS USD 1.39 (forecast USD 1.0433)

Hasbro to Release FY2026 Q1 Earnings on May 20 Pre-Market EST, Forecast Revenue USD 962.51 M, EPS USD 1.0575

Hasbro Reaffirms 2026 Revenue Guidance and Launches Premium Ultimate Grogu Collectible

TD Waterhouse Canada Significantly Reduces Hasbro Shares

JPMorgan and Bank of America Reaffirm Buy Rating on Hasbro Stock

Hasbro Unauthorized Network Access Affects Q2 Revenue and Profits

Hasbro Reaffirms 2026 Financial Guidance

UBS Analyzes Hasbro's Q1 Performance and Gives Investment Recommendation

Hasbro Suffers Cyber Attack Causing Product Delays

Hasbro Investigates Unauthorized Network Access Incident

TMX Transform and Hasbro Partner to Open New 600,000 Square Feet Distribution Center

Hasbro's Shares Witness Significant Short Position Growth

GXO Logistics Inc and Hasbro Open Flagship US Distribution Center

Hasbro Completes $399.4 Million Bond Issuance

Global investors significantly reduced Hasbro's stock holdings in Q3

Hasbro CEO Discusses Long-term Strategy

Hasbro to Issue $400 Million 4.650% Notes

Swiss bank group raises Hasbro's target price to $110

Hasbro CEO Sells Company Stock

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

Earning Release Date

财报预告

FY2026 Q1 Earning Release 2026.05.20 (EST) Pre-Market

Hasbro, Inc. (HAS.US) Q3 2025 Earnings Conference Call

Hasbro, Inc. (HAS.US) Q2 2025 Earnings Conference Call

Hasbro, Inc. (HAS.US) Q4 2024 Earnings Conference Call

NVDA

NVDX

Nvidia (NVDA) is set to report Q1 FY27 earnings on May 20, with Wedbush's analyst Matt Bryson predicting a beat on estimates and higher guidance. He projects earnings of over $1.80 per share and revenue exceeding $80 billion. Despite supply chain challenges in the AI hardware sector, Nvidia maintains a strong position. Analysts have a Strong Buy consensus on the stock, with a 12-month price target averaging $281.59, indicating a 26.6% upside.

- Nvidia (NVDA) is set to report its Q1 FY27 earnings on May 20, with analysts projecting a strong performance.  
- Wedbush's Matt Bryson expects earnings of $1.80 per share and revenue around $80.85 billion, surpassing consensus estimates, while maintaining a Buy rating and a $300 price target.  
- The stock has a Strong Buy consensus on Wall Street, with a 12-month average target of $281.59, indicating 26.6% upside potential, despite existing supply chain challenges in the AI hardware industry.

Tip Ranks

NVIDIA

T-Rex 2X Long NVIDIA Daily Target ETF

Spdr Select Tech

VanEck Semiconductor ETF

iShares Semiconductor ETF

YieldMax NVDA Option Income Strategy ETF

GraniteShares 2x Long NVDA Daily ETF

Direxion Daily NVDA Bull 2X Shares

Direxion Semicon Bull 3X

XL2CSOPNVDA

XI2CSOPNVDA

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Nvidia Stock Earnings Wednesday — Wedbush Expects a Q1 Beat and Higher Guidance

ROIV

On May 20, 2026, several companies are set to report earnings, including ADI, TJX, LOW, TGT, ROIV, HAS, GDS, and VFC. ADI expects $2.89 EPS, a 56.22% increase; TJX forecasts $1.01 EPS, up 9.78%; LOW anticipates $2.96 EPS, a 1.37% rise; TGT projects $1.37 EPS, a 5.38% increase. ROIV expects a loss of $-0.38 EPS, down 22.58%. HAS forecasts $1.12 EPS, up 7.69%; GDS expects $1.06 EPS, a 120.83% increase; VFC anticipates $-0.02 EPS, up 84.62%.

nasdaq

Target

Roivant Sciences

Analog Devices

Lowes

ZIM Integrated Shipping Services

Kanzhun

BOSS ZHIPIN-W

Pre-Market Earnings Report for May 20, 2026 :  ADI, TJX, LOW, TGT, ROIV, HAS, GDS, VFC, BZ, IMVT, ZIM, ARCO

Hasbro(HAS.US)

Nvidia Stock Earnings Wednesday — Wedbush Expects a Q1 Beat and Higher Guidance

Pre-Market Earnings Report for May 20, 2026 : ADI, TJX, LOW, TGT, ROIV, HAS, GDS, VFC, BZ, IMVT, ZIM, ARCO

HAS Dividend Yield Pushes Past 3%

G Pub Providence Partners with Scotland's Tartan Army and Hasbro Children's Hospital to Celebrate the 2026 FIFA World Cup All Summer Long

Hasbro Partners with Change to Scale Global Donation Campaigns Across Magic: The Gathering and Dungeons & Dragons | HAS Stock News

Hasbro Inc. Stock Outperforms Competitors On Strong Trading Day

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