Streetbeat News

Earnings

BZUN

PGJ

Baozun Inc (NASDAQ: BZUN) reported Q4 fiscal 2023 revenue of $391.6 million, up 8.9% Y/Y, beating consensus of $382.2 million but missed EPS estimates with $0.07 vs. $0.16 expected. The stock dropped 8.33% in premarket trading. Revenue growth was driven by its new Baozun Brand Management line. Product sales revenue increased by 36.3%, while services revenue decreased by 3.0%. The adjusted operating margin fell to 2.7% from 7.2% a year ago. Baozun's stock has lost 50% of its value over the past year. Baozun is also part of the Invesco Golden Dragon China ETF (NASDAQ: PGJ).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 1:27 pm

NSYS

Nortech Systems reported a significant increase in Q4 2023 earnings per share (EPS) to $1.51, up from a loss of $(0.14) year-over-year (YoY). Additionally, net sales rose to $36.054M from $35.618M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:21 pm

GAMB

Gambling.Com shares are trading higher following the company's announcement of strong guidance for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:18 pm

TKC

Turkcell Iletisim's shares experienced an increase in value following the announcement of their financial results for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:16 pm

CHWY

Chewy's stock is trading lower following the company's announcement of Q1 net sales guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:16 pm

MIST

Milestone Pharmaceuticals (NASDAQ:MIST) reported Q4 earnings with an EPS of $-0.32, missing estimates by -3.0% and experiencing a revenue decline of $3.50 million from the previous year. This follows a pattern from the last quarter where despite beating EPS estimates, the share price dropped by 4.0% the next day.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:10 pm

CABA

Cabaletta Bio (NASDAQ:CABA) reported Q4 earnings with an EPS of $-0.46, missing estimates by -18.0%. Revenue remained unchanged from the previous year. In the last quarter, the company exceeded EPS estimates, leading to a 2.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:10 pm

DBI

Designer Brands Inc. (NYSE:DBI) shares fell after reporting Q4 FY23 results with a slight sales decline and a larger drop in comparable sales. Despite beating sales and EPS estimates, gross profit and margins decreased. The company also reported a net loss, reduced inventories, and a stable store count. A dividend was announced, and a modest FY24 EPS outlook was provided amidst challenges in the footwear market.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 1:09 pm

WILC

G. Willi-Food International Ltd. (NASDAQ:WILC) reported a 9% increase in sales for fiscal year 2023, reaching a record high despite a decrease in gross and operating profit. The company faced challenges such as the appreciation of the Israeli shekel, worldwide increase in goods prices, and increased transport costs due to military conflicts. Despite these, Willi-Food expanded its product range and improved product visibility, and is working on improving commercial terms and constructing a new logistics center to support growth.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:08 pm

PLTR

Palantir shares are experiencing an uptick due to a positive trend in AI and tech stocks, propelled by Micron's robust earnings. The movement in growth stocks is also influenced by the recent Federal Reserve decision.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:07 pm