Streetbeat News

Earnings

NVDA

Semiconductor and chip stocks are trading higher following NVIDIA's strong quarterly results and guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:28 pm

AMZN

DISH

T

AT&T shares are down 5.42% following reports that DISH Network may sell wireless plans through Amazon, potentially challenging rival carriers. AT&T's cash flow came in below estimates in Q1 earnings.

Portfolio Pulse from Henry Khederian

May 25, 2023 | 4:19 pm

MOV

Movado Group reported Q1 FY24 sales of $144.9 million, down 11.3% YoY, missing the consensus of $148.3 million. Adjusted EPS of $0.43 beat the analyst consensus of $0.26. The company reiterated its FY24 outlook, expecting net sales between $725 million and $750 million.

Portfolio Pulse from Nabaparna Bhattacharya

May 25, 2023 | 4:13 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) reported Q1 results ahead of Street consensus estimates, leading analysts to raise price targets. The company's growth is driven by demand for generative AI, higher-than-expected growth in gaming, and a surge in spending on AI. Analysts predict NVIDIA could become the first trillion-dollar semiconductor company.

Portfolio Pulse from Chris Katje

May 25, 2023 | 4:12 pm

DLTR

FIVE

Five Below shares are trading lower due to mixed Q1 results reported by Dollar Tree, as both companies operate in the discount retail sector.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:08 pm

ENS

EnerSys reported better-than-expected Q4 financial results, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:08 pm

NVDA

ZUO

Nasdaq Composite gained over 1.5% on Thursday, driven by strong Q1 results from NVIDIA Corporation (NASDAQ:NVDA) which saw its shares jump 25%. Information technology shares rose by 3.7%, with Zuora, Inc. (NYSE:ZUO) also up 19%. Energy shares fell 1.6%.

Portfolio Pulse from Lisa Levin

May 25, 2023 | 4:04 pm

GDS

GDS Holdings Limited reported Q1 FY23 net revenue growth of 7.4% YoY to $350.77 million, missing the consensus of $351.20 million. Loss per ADS was $(0.39), missing the consensus loss of $(0.31). The company reiterated its FY23 outlook and sees new business wins in mainland China.

Portfolio Pulse from Nabaparna Bhattacharya

May 25, 2023 | 3:54 pm

BBY

Best Buy reported Q1 FY24 sales decline of 11.1% YoY to $9.47 billion, missing analyst consensus estimate of $9.52 billion. Non-GAAP EPS of $1.15 beat the analyst consensus of $1.11. The company maintained its FY24 guidance and expects a revenue of $43.8 billion - $45.2 billion.

Portfolio Pulse from Shivani Kumaresan

May 25, 2023 | 3:46 pm

ORCL

Oracle shares are trading higher due to strength in software stocks following Nutanix's earnings report and NVIDIA's positive impact on the broader tech sector.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 3:43 pm