Streetbeat News

Earnings

BURL

Burlington Stores Inc reported Q2 FY23 sales growth of 9% Y/Y to $2.175 billion, almost in line with the consensus of $2.17 billion. Comparable store sales increased by 4%. Adjusted EPS of $0.60 surpassed the consensus of $0.43. However, the company warned of weakness in its core consumer base and narrowed its full-year comparable store sales guidance to a range of 3% to 4%. The company also lowered its FY23 adjusted EPS forecast to $5.60-$5.90, down from prior guidance of $5.50 - $6.00. Following the news, BURL shares fell by 6.59%.

Portfolio Pulse from Vandana Singh

August 24, 2023 | 2:02 pm

HIBB

Hibbett (NASDAQ:HIBB) is set to release its latest quarterly earnings report on Friday, 2023-08-25. Analysts estimate an earnings per share (EPS) of $0.83. Last quarter, the company missed EPS by $0.30, resulting in a 0.0% drop in the share price the next day. The company's guidance for the next quarter will also be crucial for the stock's performance.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:00 pm

AKBA

Akebia Therapeutics (NASDAQ:AKBA) is set to release its latest quarterly earnings report on August 25, 2023. Analysts estimate an EPS of $-0.02. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price the following day. The company's shares are currently trading at $1.29 and have seen a 240.61% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:00 pm

TD

Toronto-Dominion Bank (TD) reported Q3 FY23 earnings of C$3 billion, down 8% YoY, and adjusted earnings of C$3.7 billion, down 2% YoY. Total revenue grew 17% YoY to C$12.78 billion. The bank also announced a dividend per share of C$0.96 and plans to launch a new normal course issuer bid to repurchase up to 90 million of its common shares. TD shares are trading lower by 1.98% at $60.31.

Portfolio Pulse from Akanksha Bakshi

August 24, 2023 | 1:57 pm

ADSK

Autodesk (NASDAQ:ADSK) reported better-than-expected Q2 results and issued FY24 EPS guidance above estimates. The company's shares gained 4.5% to trade at $213.58 on Thursday. Following the earnings announcement, several analysts revised their price targets on Autodesk, with most raising their targets.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 1:56 pm

FL

Foot Locker Inc (NYSE:FL) reported weaker-than-expected Q2 FY23 sales, leading to a decline of 9.9% YoY to $1.86 billion. The company also lowered its FY23 sales guidance and EPS outlook. Despite this, Foot Locker shares gained 6.3% to trade at $17.69. Analysts from Telsey Advisory Group, Barclays, and Citigroup have lowered their price targets on Foot Locker following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 1:47 pm

TDCX

TDCX shares are trading higher despite the company reporting worse-than-expected Q2 financial results and reducing its 2023 revenue growth guidance. HSBC has upgraded the stock to 'buy' and set a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:43 pm

ASNS

Actelis Networks reported Q2 losses of $(0.68) per share, a 60% improvement from $(1.70) per share YoY. However, sales decreased by 38.46% to $1.90 million from $3.08 million YoY.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:43 pm

BBW

Build-A-Bear Workshop reported better-than-expected Q2 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:34 pm

TUYA

Tuya Inc. reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:33 pm