Streetbeat News

Earnings

KIRK

Kirkland's (NASDAQ:KIRK) reported Q1 EPS of $(0.68), beating the $(0.92) estimate, but missed sales estimates with $91.75M against $93.07M expected. EPS improved by 28.42% YoY, while sales decreased by 5.29% YoY.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:03 am

BIG

Big Lots (NYSE:BIG) reported Q1 2024 adjusted EPS of $(4.51), missing the $(3.92) estimate, and sales of $1.009 billion, missing the $1.040 billion estimate. Both figures represent significant declines from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:03 am

SCWX

SecureWorks (NASDAQ:SCWX) reported Q1 2025 adjusted EPS of $0.05, significantly beating the analyst estimate of $(0.01). The company also reported sales of $85.652 million, surpassing the $84.198 million estimate. However, this represents a 9.26% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:02 am

ABM

ABM Industries (NYSE:ABM) reported Q2 earnings of $0.87 per share, beating the analyst estimate of $0.79. Sales were $2.02 billion, also surpassing the $2.00 billion estimate. Despite the beats, earnings per share decreased by 3.33% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:01 am

VSCO

Victoria's Secret has revised its Q2 adjusted EPS guidance to $0.05-$0.20, compared to the previous estimate of $0.08. The company also expects Q2 net sales to decrease in the low-single digit range compared to last year's Q2.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:01 am

LULU

VFC

Lululemon Athletica Inc. (NASDAQ:LULU) shares surged by 8% in premarket trading following the release of its first-quarter financial results. The company reported a 6% increase in comparable sales year-over-year and announced plans to expand its overseas market share. Despite mixed margin performance and soft Q2 guidance, Lululemon authorized a $1 billion increase in its stock repurchase program. Concerns arose due to the departure of the product chief, but no further senior management restructuring is expected.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 10:56 am

BKE

The Buckle, Inc. (NYSE:BKE) reported a decrease in comparable store net sales by 7.6% for the 4-week period ended June 1, 2024, compared to the same period last year. Net sales for the same period decreased by 8.2% to $82.0 million. Year-to-date comparable store net sales for the 17-week period ended June 1, 2024, decreased by 8.6%, with net sales down 7.4% to $344.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:54 am

KALV

KalVista Pharmaceuticals presented various subgroup analyses from its Phase 3 KONFIDENT trial of Sebetralstat at the Eastern Allergy Conference 2024 and the Annual Meeting of the Japanese Dermatological Association.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:35 am

CI

Cigna expects to reaffirm its projected FY24 consolidated adjusted EPS from operations of at least $28.40, surpassing the estimated $28.29.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:31 am

NVT

nVent Electric plc (NVT) has announced its acquisition of Trachte for $695 million. The deal is expected to close in Q3 and is anticipated to be accretive to adjusted EPS in the first year after completion.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:31 am