Streetbeat News

Earnings

EJH

E-Home Household Service (NASDAQ:EJH) reported a 13.85% increase in H1 sales, reaching $38.80 million compared to $34.08 million YoY.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 1:08 pm

BURL

Burlington Stores reported weaker-than-expected Q1 results with sales growth of 11% YoY to $2.13 billion, missing the consensus of $2.17 billion. Adjusted EPS of $0.84 also missed the analyst consensus of $0.92. Following the announcement, several analysts lowered their price targets on the stock.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 12:58 pm

DSX

Diana Shipping reported Q1 earnings of $0.22 per share, beating the analyst consensus estimate of $0.14 by 57.14%. Quarterly sales were $72.64 million, surpassing the estimate of $67.50 million by 7.61%.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:56 pm

ZNTL

Zentalis Pharmaceuticals announced positive Phase 1b trial data for azenosertib in combination with chemotherapy in patients with platinum-resistant ovarian cancer. The company plans to initiate a Phase 3 study in Q1 2024.

Portfolio Pulse from Vandana Singh

May 26, 2023 | 12:55 pm

EFTR

ONFO

QH

eFFECTOR Therapeutics reports positive data from Phase 2 expansion cohorts for Zotatifin in ER+ metastatic breast cancer patients. Onfolio completes development of generative AI search tool. Quhuo's homestay sector achieves RMB12 million in sales during Labor Day holiday.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:54 pm

GPS

Gap shares rose 11.8% in pre-market trading after reporting a profitable quarter on an adjusted basis, defying analysts' expectations of a significant loss. Other pre-market gainers include Oncorus, eFFECTOR Therapeutics, Shuttle Pharmaceuticals, and Arcus Biosciences, while losers include SunCar Technology Group, Beamr Imaging, Tilray Brands, Wearable Devices, and Peraso.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 12:51 pm

LITB

LightInTheBox Holding Co Ltd (NYSE:LITB) reported Q1 FY23 sales growth of 57.6% YoY to $147.8 million, with sales from Apparel increasing by 77.3% YoY. The gross margin expanded to 55.8%, and the operating loss reduced to $3.96 million. The company expects Q2 FY23 net revenues to be between $180 million and $200 million.

Portfolio Pulse from Akanksha Bakshi

May 26, 2023 | 12:28 pm

GPS

Gap Inc. reported better-than-expected Q1 adjusted EPS results and issued guidance, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:20 pm

ULTA

Ulta Beauty reported Q1 financial results, leading to a decline in its share price. The company raised its FY23 revenue guidance, but it remains below the consensus estimate.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:19 pm

PDD

PDD Holdings Inc reported Q1 FY23 revenue growth of 58% YoY to $5.48 billion, beating consensus of $4.53 billion. Revenues from online marketing services and others rose 50% YoY, while transaction services jumped 86% YoY. Non-GAAP earnings per ADS of $1.01 beat consensus of $0.54. PDD shares traded higher by 13.76% in the premarket.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 12:18 pm