Streetbeat News

Earnings

ASNS

LE

WKME

Lands' End, Inc. (NASDAQ:LE) shares fell 9.3% to $12.60 after reporting a quarterly adjusted loss of 20 cents per share, which beat the analyst consensus estimate of 26 cents per share. The company also reported quarterly sales of $285.47 million, surpassing the analyst consensus estimate of $269.82 million. Other notable stock movements include Actelis Networks, Inc. (NASDAQ:ASNS) jumping 512% after announcing orders for cyber-hardened networking technology, and WalkMe Ltd. (NASDAQ:WKME) gaining 42.1% after entering into a definitive agreement to be acquired by SAP.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 5:04 pm

SNOW

Snowflake Inc. (NYSE:SNOW) shares are trading lower after multiple analysts updated their coverage. RBC Capital lowered its price target from $226 to $183, while other analysts maintained their ratings with varied price targets. The stock has fallen 16% since mixed Q1 results in May, with revenue beating estimates but earnings missing. Snowflake shares are down 21.62% over the past year and 16.71% over the past month, currently trading at $132.69.

Portfolio Pulse from Erica Kollmann

June 05, 2024 | 4:59 pm

SPY

The upcoming U.S. employment report for May is expected to show a slight increase in nonfarm payrolls and steady unemployment rates. Recent data indicates a slowdown in job growth, with private firms creating fewer jobs than expected. Bank of America predicts a 'healthy' jobs report, which could positively impact the S&P 500 ETF (SPY) if employment growth remains balanced.

Portfolio Pulse from Piero Cingari

June 05, 2024 | 4:50 pm

FIXT

MYLD

REVG

REV Group, Inc. (NYSE:REVG) shares surged after reporting better-than-expected Q2 FY24 results, with net sales of $616.9 million beating estimates. Despite a decline in the Recreational Vehicles segment, the Specialty Vehicles segment saw growth. Adjusted EPS of $0.39 exceeded expectations. The company also declared a quarterly dividend and lowered its FY24 outlook.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 4:42 pm

THO

Thor Industries (NYSE:THO) has cut its FY24 sales and EPS guidance amid industry challenges, despite beating Q3 earnings and sales estimates. The stock dipped 0.80% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 4:26 pm

MLAB

Mesa Laboratories shares are trading higher after the company reported better-than-expected Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:22 pm

UNFI

United Natural Foods shares are trading higher after the company reported better than expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:19 pm

HPE

Hewlett Packard Enterprise shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:03 pm

HPE

Hewlett Packard Enterprise (HPE) reported its earnings for Q2 on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:03 pm

SFIX

Stitch Fix, Inc. (NASDAQ:SFIX) shares surged after the company reported better-than-expected quarterly earnings and issued optimistic fiscal-year guidance. The company posted a smaller-than-expected loss per share and higher-than-expected sales, with a 16% year-over-year increase in sales. Analysts have adjusted their price targets following the announcement.

Portfolio Pulse from Dylan Berman

June 05, 2024 | 4:02 pm