Streetbeat News

Earnings

BJ

BJ's Wholesale Club reported Q4 adjusted EPS of $1.11, surpassing the $1.06 estimate, marking an 11% increase from last year. However, their sales of $5.36B slightly missed the $5.39B estimate, though still up 8.73% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:46 am

NYCB

QQQ

SPY

VSCO

U.S. stock futures are up, driven by hopes of Fed rate cuts and Jerome Powell's dovish comments. NYCB's bailout and job market indicators are in focus. S&P 500 ETF (SPY) and Invesco QQQ ETF (QQQ) rose in premarket trading. Companies like VSCO, ABM, AEO, BILI, BJ, BURL, CIEN, FCEL, KR, BBAI, AVGO, DOCU, COST, GPS, IOT, SWBI, MDB, RIVN, and PLTR are highlighted for their stock movements or upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

March 07, 2024 | 11:43 am

ARHS

Arhaus projects its Q1 2024 net revenue to be between $260M-$270M, which is below the consensus estimate of $292.89M. The company also anticipates a net income of $1M-$3M and an adjusted EBITDA of $11M-$15M for the same period.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:41 am

ARHS

Arhaus (NASDAQ:ARHS) reported Q4 adjusted EPS of $0.22, surpassing the $0.16 estimate, with sales of $344.01M also beating the $334.53M estimate. However, both earnings and sales saw a decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:34 am

GE

GE Aerospace has reaffirmed its financial guidance and presented a longer-term financial outlook, which includes a projection of achieving approximately $10 billion of operating profit by 2028. This announcement reflects the company's confidence in its future performance and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:18 am

SQNS

Sequans Communications (SQNS) projects its Q1 FY24 revenue to be $7M, significantly below the estimated $10M. This forecast suggests a potential shortfall in expected financial performance for the quarter.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:09 am

SQNS

Sequans Communications (SQNS) reported a significant miss in both adjusted EPS and sales for Q4, with adjusted losses of $(0.23) per share and sales of $4.80M, missing estimates by 53.33% and 41.46% respectively. This represents a substantial decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:06 am

DLTH

Duluth Holdings projects FY24 net sales to be between $640M-$660M, slightly below the estimated $659.9M. The company anticipates an EPS loss ranging from $(0.22) to $(0.07), compared to the estimated loss of $(0.13).

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:51 am

DLTH

Duluth Holdings (NASDAQ:DLTH) reported Q4 earnings of $0.21 per share, missing the consensus estimate of $0.27, and sales of $245.61M, beating the estimate of $242.50M. Earnings per share decreased by 8.7% from the same period last year, while sales increased by 1.59%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:47 am

TRP

TC Energy Corporation (NYSE:TRP) is reportedly implementing layoffs as part of its strategy to integrate its natural gas pipeline units, primarily affecting employees in Calgary and Houston. The company aims to improve its balance sheet and reduce debt by selling the Portland Natural Gas System for $1.14 billion. TC Energy recently reported Q4 FY23 results that surpassed estimates and raised its quarterly dividend, with shares closing higher by 0.30% at $40.04.

Portfolio Pulse from Lekha Gupta

March 07, 2024 | 10:35 am