Streetbeat News

Earnings

FAST

Fastenal's shares declined due to disappointing Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:07 am

KMX

CarMax shares are trading lower due to worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:07 am

LOVE

Lovesac Co projects Q1 net sales of $126M-$132M, below the $147.53M estimate, and EPS of $0.84-$1.03, significantly above the $(0.15) estimate. For FY25, it expects net sales of $700M-$770M, slightly below the $765.38M estimate, and EPS of $1.06-$1.59, below the $2.15 estimate.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:06 am

KORE

KORE Group Holdings projects its FY24 revenue to be between $300M-$305M, which is below the estimated $324.2M.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:05 am

KORE

Kore Group Holdings (NYSE:KORE) reported Q4 sales of $72.40M, missing the consensus estimate of $77.79M by 6.93%, but marking a 15.99% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:03 am

LOVE

Lovesac reported Q4 earnings of $1.87 per share, missing the consensus estimate of $1.92, and sales of $250.51M, below the expected $265.32M. Despite these misses, both earnings and sales showed an increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:01 am

STE

STERIS has agreed to sell its Dental segment to Peak Rock Capital for $787.5 million, with a potential additional earnout of $12.5 million based on fiscal 2025 revenue targets. The Dental segment's recent performance included $407 million in revenue and $86 million in operating income. The sale is expected to close in Q1 of fiscal year 2025, and STERIS plans to use the proceeds to repay debt, anticipating a $0.35 per diluted share benefit from reduced interest expenses.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:59 am

KMX

CarMax (NYSE:KMX) reported Q4 earnings of $0.32 per share, missing the consensus estimate of $0.49, and sales of $5.63B, missing the $5.79B estimate. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:52 am

BKE

Buckle reported a 9.4% decrease in March 2024 comparable store net sales and an 8.0% decrease in net sales for the fiscal month ended April 6, 2024, totaling $104.3 million. Additionally, Stacey M. Manary has been appointed as Vice President of Women's Merchandising effective April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:51 am

FAST

Fastenal (NASDAQ:FAST) reported Q1 earnings of $0.52 per share, missing the consensus estimate of $0.53. Quarterly sales were $1.90B, slightly below the expected $1.91B. These figures represent a slight increase in sales from the previous year, but earnings per share remained unchanged.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:51 am