Streetbeat News

Earnings

RSVR

Reservoir Media (NASDAQ:RSVR) reported Q4 earnings of $2.34 million, a 157.62% increase from the previous quarter, and sales of $34.81 million, a 16.3% increase since Q3. The company posted a return on capital employed (ROCE) of 0.01%, indicating effective capital allocation. However, Q4 earnings per share of $0.04 did not meet analyst predictions of $0.06.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 2:50 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) reported Q1 earnings of $499 thousand, a 101.02% increase from the previous quarter, and sales of $692.58 million, an 8.66% increase since Q4. The company posted a return on capital employed (ROCE) of 0.0%, indicating effective capital allocation. CrowdStrike's Q1 earnings per share of $0.57 beat analyst predictions of $0.51.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 2:49 pm

OKTA

Okta reported Q1 sales of $518 million, up 22.18% with a loss of $119 million. The company posted a negative Return on Capital Employed (ROCE) of -0.02%, suggesting inefficient capital allocation. Okta's Q1 earnings per share were $0.22, beating analyst predictions of $0.13.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 2:48 pm

CPRI

Capri Holdings (NYSE:CPRI) reported Q4 sales of $1.33 billion, with earnings decreasing 114.67% to a loss of $33 million. The company posted a negative Return on Capital Employed (ROCE) of -0.02%, suggesting inefficient capital allocation. However, Q4 earnings per share of $0.97 beat analyst predictions of $0.94.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 2:47 pm

CRM

Salesforce (NYSE:CRM) reported Q1 earnings of $199 million, a 303.06% increase from the previous quarter, while sales decreased by 1.63% to $8.25 billion. The company posted a return on capital employed (ROCE) of 0.0%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 2:46 pm

ACDC

NOG

PBR

REI

SJT

Benzinga Insights has identified five value stocks in the energy sector with low P/E multiples, including San Juan Basin Royalty, ProFrac Holding, Ring Energy, Petrobras Brasileiro, and Northern Oil & Gas. The list is based on quantified analysis and aims to provide investors with additional insight into the sector.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 2:39 pm

CAL

Caleres Inc reported Q1 2023 sales decline of 9.8% Y/Y to $662.7 million, missing the consensus of $699.9 million. Famous Footwear segment sales declined 9.2% Y/Y, and Brand Portfolio segment fell 11.0% Y/Y. EPS of $0.97 beat the analyst consensus of $0.93. The company expects near-term pressure to persist at Famous Footwear.

Portfolio Pulse from Lekha Gupta

June 01, 2023 | 2:32 pm

GS

Goldman Sachs President John Waldron announced at Bernstein's 39th Annual Strategic Decisions Conference that the markets business is expected to experience a softer quarter.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 2:32 pm

USDCUSD

USDTUSD

Tether has reached a new all-time high market cap of $83.2 billion, surpassing its previous record. The company reported a net profit of $1.48 billion in Q1 2023 and has significantly strengthened its reserves. USDT's circulation has grown in recent months, while its main rival, Circle Internet Financial Ltd.'s USDC, has shrunk.

Portfolio Pulse from Murtuza Merchant

June 01, 2023 | 2:26 pm

AAP

Advance Auto Parts reported worse-than-expected Q1 financial results and cut its FY23 EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 2:17 pm