Streetbeat News

Earnings

CNXC

Concentrix Corp (NASDAQ:CNXC) reported mixed Q3 results with earnings slightly below expectations but revenue exceeding estimates. The company launched iX Hello, a generative AI solution, and provided a positive outlook for Q4 and fiscal year 2024. Despite this, CNXC shares fell 14.02% after-hours.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 9:01 pm

JEF

Jefferies Financial Group reported its Q3 2024 adjusted earnings per share (EPS) at $0.78, which is in line with expectations.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:55 pm

MU

Semiconductor and chip stocks are experiencing a rise in share prices following strong earnings reported by Micron.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:50 pm

FI

WFC

Fiserv expects a non-cash impairment charge of $400-$600 million for its investment in Wells Fargo Merchant Services JV in Q3, but it won't affect 2024 adjusted EPS. The JV, owned 40% by Fiserv and 60% by Wells Fargo, will expire in 2025, with Fiserv receiving compensation based on a contractual valuation.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:49 pm

LUXH

LuxUrban Hotels reported a significant miss in both earnings and sales for Q2 2024. The company's GAAP EPS was $(0.41), missing the $(0.12) estimate, and sales were $18.186 million, missing the $26.350 million estimate. This represents a 100% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:38 pm

JEF

Jefferies Financial Group Inc. (NYSE:JEF) reported Q3 sales of $1.68 billion, missing estimates of $1.71 billion. Despite strong investment banking performance, shares dipped 1.57% after-hours.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 8:34 pm

BBWI

Bath & Body Works has reaffirmed its guidance for Q3 and FY24, as initially provided on August 28, 2024. This indicates confidence in their financial outlook and stability.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:32 pm

COST

Costco is set to report its Q4 earnings, with a focus on its recent membership fee increase and visitor growth. Analysts expect revenue of $79.97 billion and EPS of $5.08. The membership fee hike, effective September 1, may boost new memberships and renewals. Visitor growth outpaced competitors, potentially leading to strong sales growth.

Portfolio Pulse from Chris Katje

September 25, 2024 | 8:23 pm

MU

Micron Technology Inc (NASDAQ:MU) reported strong Q4 earnings, driven by robust AI demand, with revenue and EPS beating estimates. The company forecasts record revenue and improved profitability for fiscal 2025. Shares surged 11.74% after hours.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 8:22 pm

JEF

Jefferies Financial Group reported Q3 sales of $1.68 billion, missing the analyst consensus estimate of $1.71 billion by 1.52%. Despite the miss, sales increased by 42.39% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:16 pm