Streetbeat News

Earnings

PLCE

Children's Place (NASDAQ:PLCE) reported Q3 adjusted earnings of $3.22 per share, missing the $3.56 estimate, and sales of $48.23M, significantly below the $471.82M estimate. This represents a 3.3% decrease in earnings and a 90.53% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:08 pm

WMT

Walmart reported a 4.7% increase in U.S. Q3 comparable sales excluding fuel, indicating a strong performance in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:07 pm

WMT

Walmart (NYSE:WMT) reported Q3 adjusted earnings per share (EPS) of $1.53, slightly beating the consensus estimate of $1.52. The company's sales for the quarter were $160.80 billion, surpassing the expected $159.55 billion. These figures represent a 2% increase in EPS and a 5.23% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:03 pm

M

Macy's has updated its FY23 adjusted EPS guidance to $2.88-$3.13, a change from its previous guidance of $2.70-$3.20. This new guidance is above the consensus estimate of $2.78.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:02 pm

M

Macy's has updated its FY23 sales guidance to a range of $22.9B-$23.2B, slightly increasing the lower end from the previous guidance of $22.8B-$23.2B. This update is in comparison to a market consensus of $23.11B.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:00 pm

M

Macy's reported a 7.0% decrease in Q3 comparable sales on an owned basis and a 6.3% decrease on an owned-plus-licensed basis. The company's gross margin rate improved by 160 basis points year-over-year to 40.3%, and merchandise inventories were reduced by 6% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:59 am

M

Macy's (NYSE:M) reported Q3 adjusted EPS of $0.21, surpassing the $0.02 estimate by 950%, but marking a 59.62% decrease from last year's $0.52. Sales reached $4.86B, exceeding the $4.79B estimate by 1.48%, yet down 7.07% from the previous year's $5.23B.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:57 am

PI

RXO

T

TALO

Insiders at RXO, Talos Energy, Impinj, and AT&T have made significant stock purchases, signaling confidence in their respective companies. RXO's 10% owner acquired shares worth $3.29 million, Talos Energy's 10% owner purchased $1.99 million in shares, Impinj's Director bought shares for $2.46 million, and an AT&T Director invested approximately $971,875 in the company's stock. All companies reported better-than-expected third-quarter results, which may further bolster investor confidence.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 11:55 am

BABA

Alibaba's subsidiary Freshippo has postponed its plans for an IPO due to current market conditions. The company is taking time to evaluate the market before proceeding with the public offering.

Portfolio Pulse from Charles Gross

November 16, 2023 | 11:48 am

BABA

Alibaba Group Holding reported a 21% year-over-year increase in adjusted EPS to $0.27 for Q2, with sales rising 9% to $30.81 billion.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:46 am