Streetbeat News

Earnings

ASAN

Asana reported Q1 FY24 revenue growth of 26% Y/Y to $152.4 million, beating the consensus of $150.6 million. The number of customers spending $5,000 or more annually grew 19% Y/Y, while those spending $100,000 or more increased 31% Y/Y. Non-GAAP EPS loss improved to $(0.09), beating the consensus of $(0.18). The company raised its FY24 revenue and EPS guidance.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 10:49 am

AVGO

CHPT

DELL

DNA

ESTC

LXRX

S

Several big stocks are moving lower in Friday's pre-market session, including SentinelOne, Elastic, ChargePoint Holdings, Ginkgo Bioworks, Lexicon Pharmaceuticals, Dell Technologies, and Broadcom.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 10:44 am

WDH

Waterdrop reported Q1 adjusted EPS of $0.00, missing the $0.02 estimate, and sales of $88.26M, missing the $106.85M estimate. This represents a 94% decrease in earnings and a 13.74% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 10:21 am

YJ

Yunji (NASDAQ:YJ) reported Q1 adjusted EPS of $(0.00), up from $(0.02) YoY, with sales of $26.03M, down 51.84% from $54.04M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 10:04 am

NTZ

YJ

Earnings reports for Yunji (NASDAQ:YJ) and Natuzzi (NYSE:NTZ) are scheduled for June 2, 2023. Yunji will report before the bell, while Natuzzi will report after the bell.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 9:47 am

VMW

VMware reported Q1 FY24 revenues of $3.28 billion, a 6% Y/Y increase but missing the consensus of $3.34 billion. Subscription and SaaS revenue increased 35% Y/Y to $1.22 billion, while non-GAAP EPS of $1.49 missed the consensus of $1.58. VMW shares closed lower by 1.72% at $133.94 on Thursday.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 9:46 am

AAPL

AI

AMZN

META

The S&P 500 reached its highest level since August 2022 following the House passage of a debt limit bill. Market volatility dropped as investors await May's jobs report. C3.ai shares fell despite positive Q4 results, while Meta Platforms shares gained after announcing Meta Quest 3. The Nasdaq 100 surged, driven by gains in Amazon and Apple stocks.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 9:46 am

IOT

Samsara Inc (NYSE:IOT) reported Q1 FY24 revenue growth of 43% Y/Y to $204.3 million, beating consensus estimates. The company raised its FY24 revenue outlook and saw its shares trading higher by 15.5% in the premarket.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 9:40 am

AVGO

FIVE

LULU

MDB

YJ

Lululemon, Broadcom, Yunji, Five Below, and MongoDB reported their quarterly earnings, with Lululemon, Five Below, and MongoDB posting better-than-expected results. Lululemon shares jumped 13.3%, Five Below gained 5.7%, and MongoDB surged 23.8% in after-hours trading.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 8:04 am

MOGU

MOGU reported a 96.64% YoY increase in quarterly losses to $(2.93) per share and a 36.52% decrease in sales to $33.79 million.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 7:24 am