Streetbeat News

Earnings

PD

PagerDuty, Inc. (NYSE:PD) shares fell after reporting Q4 FY24 results with revenue and ARR growth but provided a weaker than expected outlook for Q1 and FY25, leading to a premarket drop of 8.46% in its stock price.

Portfolio Pulse from Lekha Gupta

March 15, 2024 | 12:36 pm

GETY

Getty Images shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:33 pm

ULTA

Ulta Beauty's stock is trading lower following the announcement of Q4 financial results and FY24 revenue guidance that fell short of expectations. Additionally, the company's board has approved a new $2.0 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:28 pm

HIBB

Hibbett, Inc. reported Q4 results that fell below estimates and issued weak guidance, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:25 pm

DG

Dollar General Corp (NYSE:DG) reported Q4 earnings surpassing expectations with a 3.4% sales decline to $9.858 billion but beating the $9.783 billion estimate. EPS was $1.83, above the $1.75 estimate. Same-store sales rose by 0.7%. FY24 EPS guidance is $6.80-$7.55, with net sales growth expected at 6%-6.7%. The company plans 2,385 real estate projects in FY24. Shares fell 5.1% to $150.06. Telsey Advisory Group and Wells Fargo adjusted their price targets on DG following the earnings report.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:22 pm

PGR

Progressive Corporation reported its earnings for February 2024, with an EPS of $1.24 and a net income of $737.1 million.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:21 pm

HIBB

Hibbett reported Q4 2024 GAAP EPS of $2.55, missing the consensus estimate of $2.56 by 0.39%. Quarterly sales were $466.589M, missing the estimate of $477.487M by 2.28%, but marking a 1.81% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:20 pm

OXSQ

Oxford Square Capital (OXSQ) reported its Q4 net investment income per share at $0.13, unchanged from the previous year. However, its investment income of $12.30M fell short of the estimated $13.20M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:20 pm

HIBB

Hibbett Inc (NASDAQ:HIBB) shares dropped after reporting Q4 FY24 sales of $466.59 million, missing estimates of $477.49 million. Comparable sales fell 6.4%, with brick and mortar sales down 9.2% and e-commerce up 6.9%. EPS was $2.55, below the expected $2.56. Gross and operating margins contracted, and operating income decreased by 19.9%. The company plans significant investments in FY25, expecting flat to 2% sales growth and an EPS of $8.00-$8.75, below the consensus of $8.82. Challenges include inflation, interest rates, promotional activity, wage pressures, consumer caution, and geopolitical conflicts. HIBB shares fell 11% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 15, 2024 | 12:18 pm

TG

Tredegar Corporation (NYSE:TG) reported a Q4 EPS of $(0.01), a 150% decrease from $0.02 YoY. Sales were $169.34M, down 10.47% from $189.15M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:16 pm