Insperity Earnings, Outlook Disappoint; NVIDIA Collaboration Boosts Hesai
- August 01st, 2023
- 436 views
Insperity, Inc. (NYSE: NSP) faced disappointing results in the second quarter of 2023, reporting adjusted earnings per share (EPS) of $0.64, falling short of the consensus estimate of $1.25.
As a result of the underperformance, the company has revised its full-year 2023 adjusted EPS guidance downward to a range of $4.35 to $5.32, significantly lower than the previous range of $5.62 to $6.39. Analysts were expecting an EPS of $5.97 for the period.
$NSP was trading at $104.00 in pre-market, down $13.65 (-11.60%).
In other news, Hesai Group (Nasdaq: HSAI) and NVIDIA (Nasdaq: NVDA) have joined forces to integrate Hesai's advanced lidar sensors into NVIDIA DRIVE and NVIDIA Omniverse ecosystems.
This collaboration brings together Hesai's lidar expertise with NVIDIA's AI, simulation, and software development capabilities, paving the way for innovative advancements in the autonomous driving sector.
In pre-market, $HSAI was trading at $13.30, reflecting a gain of $0.58 (+4.56%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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