Streetbeat News

Earnings

SNOW

Snowflake projects Q4 product revenue to be between $716M-$721M, reflecting a 29-30% increase year-over-year. For fiscal year 2024, the company anticipates product revenue to reach $2.65B, marking a 37% growth from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:08 pm

SNOW

Snowflake Inc. (NYSE:SNOW) reported Q3 earnings of $0.25 per share, surpassing the consensus estimate of $0.16 by 56.25%. Year-over-year, this represents a 127.27% increase from $0.11 per share. Quarterly sales reached $734.17 million, exceeding estimates of $712.78 million by 3.00% and marking a 31.80% increase from $557.03 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:06 pm

ARWR

Arrowhead Pharmaceuticals reported a fiscal year 2023 earnings per share (EPS) of $(1.92), which is a decrease from last year's $(1.67) EPS. Revenue for FY23 was $240.735 million, slightly down from $243.23 million in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:05 pm

CRM

Salesforce projects FY24 adjusted earnings per share (EPS) to be between $8.18 and $8.19, surpassing the estimated $7.35. The company also forecasts revenue to reach $34.75 billion to $34.8 billion, which is significantly higher than the estimated $31.75 billion.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:05 pm

CRM

Salesforce reported Q4 adjusted earnings per share (EPS) of $2.25-$2.26, surpassing the estimated $1.98. Revenue was also higher than expected at $9.18B-$9.23B, compared to the $8.4B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:04 pm

CRM

Salesforce reported Q3 2024 adjusted earnings per share (EPS) of $2.11, surpassing the estimate of $2.06. However, their revenue of $8.72 billion was slightly below the expected $8.728 billion.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:04 pm

FIVE

Five Below reported Q3 earnings of $0.26 per share, surpassing the consensus estimate of $0.23, and sales of $736.40M, exceeding the estimate of $725.38M. However, earnings per share decreased by 10.34% compared to last year, while sales increased by 14.16% from the same period.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:02 pm

RELX

RELX Inc. (NYSE:RELX) stock price dropped by 0.13% to $38.67 in the current market session, despite a 10.64% increase over the past month and a 35.02% rise over the past year. The article discusses the P/E ratio of RELX compared to its industry peers, noting that RELX's P/E ratio of 33.61 is lower than the Professional Services industry average of 61.56, which could indicate that the stock is undervalued or may perform worse than its peers.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 8:15 pm

AEO

DKS

FL

LULU

NKE

SKX

URBN

Clothing, footwear, and athletic apparel stocks are up following Foot Locker's better-than-expected Q3 results. The sector may also be benefiting from positive sentiment due to holiday sales events.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:06 pm

NEE

NextEra Energy Inc. (NYSE:NEE) saw a slight increase in its stock price by 0.24% to $58.30 in the current market session. Despite this, the stock has experienced a decrease of 0.15% over the past month and a significant drop of 31.23% over the past year. The P/E ratio of NextEra Energy is 15.35, which is lower than the Electric Utilities industry average of 22.25. This could indicate that the stock is undervalued or that shareholders expect lower future performance.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 7:45 pm