Streetbeat News

Earnings

ULTA

Ulta Beauty reported Q1 revenue of $2.63 billion and EPS of $6.88, slightly beating estimates. The company raised its full-year 2023 guidance, but it remains below analyst expectations. Ulta ended the quarter with $636.4 million in cash and repurchased $285.8 million in common stock.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 8:24 pm

GPS

Gap Inc. forecasts Q2 and fiscal 2023 gross margin expansion, expecting improved profitability and inventory management.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:22 pm

XPEV

XPeng Inc's shares fell after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $8 to $6 following the company's Q1 financial results. XPeng reported a loss of 37 cents per share and sales of $587.31 million, missing analyst estimates.

Portfolio Pulse from Henry Khederian

May 25, 2023 | 8:22 pm

ME

23andMe Holdings forecasts a loss of $365M to $340M for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:21 pm

ARCE

Arco Platform (NASDAQ:ARCE) reported Q1 earnings with an EPS of $-0.12, missing estimates by 33.33%. Revenue was up $20.75 million YoY. Last quarter, the company missed EPS by $0.01, resulting in an 11.47% share price drop the next day.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 8:20 pm

COST

Costco Wholesale reported Q3 sales of $53.65 billion, missing the estimated $54.57 billion.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:20 pm

GPS

Gap Inc. estimates its Q2 net sales could decrease in the mid to high-single digit range compared to last year's $3.86 billion.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:19 pm

LGF

Lions Gate Entertainment Corporation reported Q4 earnings of $0.21 per share, beating the $0.17 estimate, and sales of $1.09B, surpassing the $978.53M estimate. This represents a 250% increase in earnings and a 16.75% increase in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:19 pm

GPS

Gap reported Q1 adjusted earnings of $0.01 per share, beating analyst estimates of $(0.16) by 106.25%. However, quarterly sales of $3.28 billion missed estimates of $3.29 billion by 0.43%, a 5.78% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:17 pm

COST

Costco Wholesale reported Q3 earnings per share (EPS) of $2.93, including a non-recurring charge of $0.50/share, with sales totaling $52.60 billion.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:16 pm