Streetbeat News

Earnings

GLNG

Golar LNG (NASDAQ:GLNG) reported Q3 sales of $67.25M, missing the consensus estimate of $73.81M by 8.88% and marking a 1.73% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:34 am

HIBB

Hibbett Sports, Inc. (NASDAQ: HIBB) reported Q3 earnings per share (EPS) of $2.05, a 5.67% increase from $1.94 YoY. Quarterly sales were $431.92M, surpassing the $416.02M estimate but marking a slight 0.29% decrease from $433.16M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:32 am

KC

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q3 earnings with an EPS of $-0.18, missing estimates by 5.88% compared to the expected $-0.17. Revenue decreased by $54.01 million from the same period last year. In the previous quarter, the company beat EPS estimates which led to a 1.57% increase in share price the following day. Historical earnings performance shows variability in meeting EPS estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:30 am

KC

Kingsoft Cloud Holdings (NASDAQ: KC) reported Q3 earnings with a loss per share of $(0.03), surpassing the estimated $(0.17) by 82.35%. Year-over-year, this represents an 89.29% improvement from a $(0.28) loss per share. However, their quarterly sales of $222.75M fell short of the expected $244.77M by 8.99%, and also showed a 19.52% decline from the previous year's $276.77M.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:25 am

TCOM

Trip.com Group Ltd (NASDAQ:TCOM) reported a 99% Y/Y increase in Q3 FY23 revenues, reaching RMB13.7 billion, driven by a strong recovery in the travel market. Accommodation reservations rose 92% Y/Y, transportation ticketing increased 105% Y/Y, and packaged-tour revenue jumped 243% Y/Y. Domestic hotel bookings grew 90% Y/Y, and outbound hotel and air reservations recovered to around 80% of pre-COVID levels. Adjusted EBITDA was RMB4.6 billion with a 34% margin, and adjusted EPS per ADS was RMB7.26. In USD, revenue was $1.885 billion, and adjusted earnings per ADS were $1.00. The company also repurchased 3.6 million ADSs for $120 million. Despite the positive report, TCOM shares are down 3.27% in premarket trading.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 11:20 am

EMBC

Embecta (NASDAQ:EMBC) reported Q4 earnings with an EPS of $0.59, beating estimates by 47.5% against the expected $0.4. Revenue increased by $7.30 million compared to the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 3.02% the following day. The company has a history of surpassing EPS estimates in the past four quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:15 am

ARQQ

Arqit Quantum (NASDAQ:ARQQ) experienced a significant decrease in QuantumCloud sales, reporting $639.97K for FY23, down from $7.21M in the previous year. The company concluded the fiscal year with $44.5M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:12 am

LOW

Lowe's Companies has revised its FY23 comparable sales forecast, now expecting a decrease of approximately -5%, compared to the previously expected range of -2% to -4%.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:07 am

LOW

Lowe's reported a 7.4% decrease in Q3 comparable sales, attributed to a drop in DIY discretionary spending, though this was partially mitigated by positive comparable sales from professional customers.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:06 am

LOW

Lowe's Companies has revised its FY23 adjusted EPS guidance downward to $13.00 from the previous range of $13.20-$13.60, which is below the consensus estimate of $13.33.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:05 am