Streetbeat News

Earnings

BBY

Best Buy reaffirms its FY24 guidance, expecting revenue of $43.8 billion to $45.2 billion, a comparable sales decline of 3.0% to 6.0%, and non-GAAP diluted EPS of $5.70 to $6.50. Capital expenditures are projected to be around $850 million.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 11:03 am

DXLG

Destination XL Group (NASDAQ:DXLG) reported Q1 adjusted earnings of $0.11 per share, missing the analyst consensus estimate of $0.13 by 15.38%. Sales were $125.40M, missing the estimate of $126.72M by 1.04%. This represents a 45% decrease in earnings and a 1.77% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 11:03 am

BBY

Best Buy reported a 10.1% decline in Q1 comparable sales due to the impact of the COVID-19 pandemic on consumer spending.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 11:02 am

GDS

GDS Holdings reported Q1 losses of $(0.39) per share, missing the analyst consensus estimate of $(0.31) by 25.81%. Quarterly sales were $350.77 million, missing the estimate of $351.20 million by 0.12%. This is a decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 11:02 am

BBY

Best Buy Co reported Q1 earnings of $1.15 per share, beating the $1.11 estimate, but sales of $9.47B missed the $9.52B estimate. This represents a 26.75% decrease in earnings and an 11.08% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 11:01 am

GCO

Genesco (NYSE:GCO) reported Q1 earnings with an EPS of $-1.59, missing estimates by 44.55%. Revenue was down $37.42 million from the same period last year.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 11:00 am

TITN

Titan Machinery (NASDAQ:TITN) reported Q1 earnings with an EPS of $1.19, beating estimates by 16.67%. Revenue was up $108.62 million YoY. The company provided FY 2024 guidance, expecting earnings between $4.5 and $5.1 per share.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 11:00 am

SPLK

Splunk Inc (NASDAQ:SPLK) reported Q1 FY24 revenue of $752 million, beating the consensus of $722 million. Cloud revenue grew 30% Y/Y, and adjusted EPS of $0.18 beat the consensus loss of $(0.13). The company revised its FY24 revenue guidance to the top-end of its prior range and raised its adjusted operating margin and FCF guidance.

Portfolio Pulse from Lekha Gupta

May 25, 2023 | 10:59 am

THR

Thermon Group Holdings (NYSE:THR) reported Q4 adjusted EPS of $0.41, in line with estimates, and sales of $122.48M, beating the $114.18M estimate. This represents a 32.26% increase in earnings and a 19.40% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 10:57 am

BURL

Burlington Stores (NYSE:BURL) reported Q1 earnings with an EPS of $0.84, missing estimates by 8.7%. Revenue was up $207 million YoY. Last quarter, the company beat EPS estimates by $0.23, resulting in a 1.99% share price increase the next day.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 10:55 am