Streetbeat News

Earnings

LE

Lands' End reported Q1 sales of $309.56 million and a loss of $1.65 million, despite a 49.91% increase in earnings. The company posted a negative Return on Capital Employed (ROCE) of -0.0%, suggesting inefficient capital allocation.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

ASAN

Asana reported Q1 sales of $152.41 million, up 35.31% with a loss of $61.47 million. The company posted a negative Return On Capital Employed (ROCE) of -0.18%, suggesting inefficient capital allocation. Asana's Q1 earnings per share beat analyst predictions.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

S

SentinelOne (NYSE:S) reported Q1 sales of $133.39 million, but earnings decreased 14.08% resulting in a loss of $106.87 million. The company posted a negative ROCE of -0.07%, suggesting inefficient capital allocation. Q1 earnings per share were $-0.15, beating analyst predictions of $-0.17.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:47 pm

DG

Dollar Gen (NYSE:DG) reported Q1 earnings of $514.38 million, a 21.96% increase from the previous quarter, while sales decreased by 8.43% to $9.34 billion. The company posted a return on capital employed (ROCE) of 0.09%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:47 pm

HRL

Hormel Foods (NYSE:HRL) reported a loss in earnings since Q1, totaling $217.22 million, while sales increased by 0.2% to $2.98 billion during Q2. The company posted a Q2 Return on Invested Capital (ROIC) of 2.51%, suggesting effective capital allocation.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:46 pm

CONN

Conn's reported Q1 sales of $284.57 million and a loss of $35.38 million, with a return on capital employed (ROCE) of -0.08%. The negative ROCE suggests that management may not be effectively allocating their capital.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:45 pm

EWU

JPM

JPMorgan's President and COO Daniel Pinto stated that the bank's UK business is expected to break even around 2027.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 2:40 pm

CC

DGLY

GLT

MDB

PD

S

SDA

UCAR

US stocks traded higher with the Dow Jones gaining over 400 points after the US economy added 339,000 jobs in May, significantly higher than the market estimates of 190,000. However, the unemployment rate increased to 3.7%. Materials shares rose by 2.5%, with Chemours Company and Glatfelter Corporation among the top gainers.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 2:31 pm

AVGO

Broadcom reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 2:22 pm

FIVE

Five Below Inc (NASDAQ:FIVE) reported Q1 2023 revenue growth of 13.5% Y/Y to $726.2 million, missing consensus estimates. EPS grew 13.6% Y/Y to $0.67, beating consensus. The company opened 27 new stores and provided a revised outlook for 2023.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 2:19 pm