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Earnings

SIG

Signet Jewelers has released its Q3 sales outlook, projecting total sales between $1.345 billion and $1.380 billion, slightly below the $1.35 billion estimate. Same store sales are expected to range from -1.0% to +1.5%. Adjusted operating income is forecasted between $8 million and $25 million, with adjusted EBITDA between $55 million and $72 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:07 am

SIG

Signet Jewelers reported Q2 2025 earnings per share of $1.25, beating the estimate of $1.14, but sales of $1.491 billion missed the $1.502 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:06 am

LOVE

Lovesac has revised its Q3 net sales forecast to $152M-$160M, below the $165.70M estimate. The company also expects a basic loss per share of $(0.28)-$(0.50), compared to the previous estimate of a $0.10 profit.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:05 am

LOVE

Lovesac reported a Q2 2025 GAAP EPS of $(0.38), beating the estimate of $(0.44), but sales of $156.590M missed the $156.996M estimate. Sales increased by 1.33% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:02 am

CAL

Caleres shares declined following the release of disappointing Q2 financial results and a reduction in the company's annual outlook.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:58 am

CAL

Caleres has announced its expectations for Q3 sales to be flat to down 2%, with adjusted EPS projected between $1.30 and $1.40, below the estimated $1.50.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:52 am

CAL

Caleres has revised its FY24 EPS outlook downward from $4.30-$4.60 to $3.94-$4.09, with adjusted EPS guidance set at $4.00-$4.15, below the estimated $4.42. The adjusted EPS excludes $3 million in restructuring costs expected in Q3.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:50 am

MRNA

MU

NVDA

OXM

QQQ

SPY

U.S. stocks are set for modest gains as investors focus on August inflation data and the ECB rate decision. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed premarket gains. Nvidia's positive AI comments boosted tech stocks, while Oxford Industries saw a significant drop. Micron Technology and Moderna faced declines due to negative analyst actions and cost-cutting announcements, respectively.

Portfolio Pulse from Shanthi Rexaline

September 12, 2024 | 10:47 am

CAL

Caleres reported Q2 2024 earnings of $0.85 per share, missing the $1.22 estimate, and sales of $683.32M, below the $723.80M estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:46 am

EGAN

FIVN

RNG

The article highlights three oversold tech stocks with RSI values near or below 30, indicating potential buying opportunities. eGain Corp, Five9 Inc, and RingCentral Inc are mentioned, with recent financial updates and stock price movements.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 10:40 am