Streetbeat News

Earnings

ASAN

Asana shares are trading higher following better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:30 pm

ASAN

Asana (NYSE:ASAN) reported better-than-expected Q1 results with EPS of $(0.06) beating the $(0.08) estimate and sales of $172.45M surpassing the $168.73M estimate. This represents a significant improvement over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:30 pm

IBTA

Ibotta has provided its Q2 revenue guidance, expecting between $83.5 million and $86.5 million, compared to the estimated $84.95 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:29 pm

COST

Costco Wholesale (NASDAQ:COST) reported Q3 2024 earnings per share (EPS) of $3.78, surpassing the analyst estimate of $3.70. The company's sales were $58.515 billion, also beating the estimate of $58.069 billion. This represents a significant year-over-year increase in both EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:29 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported strong Q3 earnings with revenue and EPS beating estimates. Revenue was $58.52 billion, up 9.1% YoY, and EPS was $3.78. Comparable same store sales increased by 6.6%, and e-commerce sales surged by 20.7%. No membership fee increase was announced, which was anticipated by investors. Shares are down 2% in after-hours trading.

Portfolio Pulse from Chris Katje

May 30, 2024 | 8:28 pm

ESTC

Elastic has provided its financial guidance for Q1 and FY25. For Q1, the company expects EPS between $0.24 and $0.26, and revenue between $343M and $345M. For FY25, EPS is expected to be between $1.35 and $1.47, and revenue between $1.468B and $1.48B.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:28 pm

GES

Guess has revised its FY25 revenue growth outlook from 11.5%-13.5% to 10.7%-12.7% in US dollars. The company also adjusted its EPS forecast from $2.56-$3.00 to $2.62-$3.00, with an estimated EPS of $2.81.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:28 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported worse-than-expected Q1 results, missing both earnings and sales estimates. The company reported earnings of 24 cents per share and sales of $1.16 billion, both below analyst expectations. Despite this, Marvell's data center revenue grew significantly, driven by AI demand. The company provided a mixed outlook for Q2, with earnings and revenue guidance in line with estimates. Shares fell 1.76% after-hours.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 8:26 pm

ESTC

Elastic (NYSE:ESTC) reported Q4 earnings of $0.21 per share, beating the analyst estimate of $0.20. Sales were $335 million, surpassing the $329.48 million estimate. Despite a 4.55% decrease in earnings per share from last year, sales increased by 19.67%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:26 pm

GES

Guess Inc. (GES) expects its Q2 consolidated net revenue in US dollars to increase by 9.0% to 11.0%, with adjusted EPS projected to be between $0.38 and $0.47, falling short of the estimated $0.66.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:25 pm