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Earnings

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

SPTN

SpartanNash reported Q1 FY23 sales growth of 5.2% YoY to $2.91 billion, missing the consensus of $2.95 billion. Retail comparable sales increased 5.4% YoY, but gross margin contracted 90 basis points to 15.4%. Adjusted EPS of $0.64 beat the analyst consensus of $0.63. The company reiterated its FY23 sales outlook and reaffirmed its 2025 long-term financial targets.

Portfolio Pulse from Anusuya Lahiri

June 01, 2023 | 2:17 pm

NCNO

NCino shares are trading lower after the company reported Q1 financial results and issued guidance.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 2:16 pm

PVH

PVH Corp shares are trading lower after the company reported Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 2:11 pm

DG

Dollar General Corporation (NYSE:DG) shares plunged after reporting disappointing Q1 FY23 results, missing earnings and sales estimates. The company also cut its FY23 outlook, citing a more challenging macroeconomic environment than previously anticipated.

Portfolio Pulse from Nabaparna Bhattacharya

June 01, 2023 | 2:04 pm

OKTA

Okta Inc's stock is trading lower despite reporting better-than-expected Q1 financial results. JPMorgan and BMO Capital downgraded the stock, and multiple analysts lowered price targets, adding to the selling pressure.

Portfolio Pulse from Adam Eckert

June 01, 2023 | 1:55 pm

INNPF

Innocan Pharma Corporation reported Q1 2023 revenue of $1.6 million, a 500% increase compared to Q1 2022, mainly due to increased sales from its subsidiary, B.I. Sky Global Ltd. Gross profit was $1.4 million, and gross profit margin was 87.8%. The company's cash balance stood at $4.1 million as of March 31, 2023.

Portfolio Pulse from Vuk Zdinjak

June 01, 2023 | 1:51 pm

GLMD

Galmed Pharmaceuticals (NASDAQ:GLMD) reported Q1 earnings, beating estimated earnings by 27.33% with an EPS of $-1.09 compared to an estimate of $-1.5. Revenue remained unchanged from the same period last year. Last quarter, the company beat EPS by $0.6, resulting in a 4.42% share price increase the next day.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 1:40 pm

DLTH

Duluth Holdings reported Q1 FY23 sales growth of 0.7% YoY to $123.76 million, beating the consensus of $118.66 million. Retail store net sales fell by 2.1% while Direct-to-consumer net sales increased by 2.3%. The company reaffirmed its FY23 EPS outlook and sales expectations.

Portfolio Pulse from Shivani Kumaresan

June 01, 2023 | 1:30 pm