Streetbeat News

Earnings

DLTR

Dollar Tree has lowered its fiscal year 2024 outlook, adjusting its EPS to $5.20-$5.60 from $6.50-$7.00 and sales to $30.6B-$30.9B from $31B-$32B. This reflects second quarter results, a conservative sales outlook, and costs from the acquisition of 99 Cents Only Stores leases.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:35 am

DLTR

Dollar Tree's Q2 2024 earnings and sales missed analyst estimates, with EPS at $0.67 versus the expected $1.04, and sales at $7.378 billion versus the expected $7.488 billion.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:30 am

WDH

Waterdrop (NYSE:WDH) reported Q2 2024 earnings per share of $0.04, surpassing the analyst estimate of $0.03. However, its sales of $93.04 million fell short of the expected $102.59 million, marking a slight decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:25 am

WDH

Waterdrop (NYSE:WDH) reported Q2 sales of $93.04 million, missing the analyst consensus estimate of $102.59 million by 9.31%. This represents a slight decrease of 0.59% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:20 am

HRL

Hormel Foods Corp has revised its fiscal year 2024 financial outlook, lowering net sales expectations to $11.8B-$12.1B from $12.2B-$12.5B due to lower commodity markets and production disruptions. Adjusted EPS is now expected to be $1.57-$1.63, slightly narrowed from previous estimates.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:08 am

HRL

Hormel Foods reported Q3 2024 earnings per share of $0.37, slightly beating the estimate of $0.36, but sales of $2.898 billion missed the $2.95 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:05 am

NVDA

Nvidia's stock has dropped 14% over three sessions despite strong earnings, due to minimal guidance margin and concerns over AI accelerator delays. The stock also faced pressure from DOJ subpoenas over monopoly practices, leading to a historic $300 billion market cap loss in one day.

Portfolio Pulse from Shanthi Rexaline

September 04, 2024 | 8:21 am

NVDA

Gene Munster remains optimistic about AI's long-term impact despite Nvidia's market cap dropping by nearly $300B, affecting the Nasdaq. Nvidia's stock fell after exceeding earnings expectations and receiving a DOJ subpoena.

Portfolio Pulse from Ananya Gairola

September 04, 2024 | 7:57 am

DKS

DLTR

HPE

NVDA

SGRP

U.S. stocks fell on Tuesday, with the Dow dropping over 600 points and the Nasdaq down 3%, driven by a significant decline in Nvidia shares. Despite the downturn, the CNN Money Fear and Greed index remains in the 'Greed' zone. SPAR Group shares surged over 65% following an acquisition announcement. Investors are anticipating earnings from Dollar Tree, DICK'S Sporting Goods, and Hewlett Packard Enterprise.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 7:13 am

PGRU

PropertyGuru Group (NYSE:PGRU) reported Q2 2024 earnings with a significant miss on EPS and a slight miss on sales estimates. The EPS was S$(0.10), missing the S$(0.01) estimate, and sales were S$40.678M, below the S$41.214M estimate.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:08 am