Streetbeat News

Earnings

KMX

CarMax, Inc. (NYSE:KMX) is expected to report lower Q2 sales with earnings of 78 cents per share, compared to 79 cents per share in the year-ago period. The company's revenue might be $7.03 billion, compared to $8.54 billion in the year-ago period. Several analysts have recently changed their price targets for CarMax, with the most accurate analysts predicting a rise in the stock's price.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 6:39 am

COST

Costco Wholesale Corporation (NASDAQ:COST) has successfully ventured into the gold market, with its 1-ounce gold PAMP Suisse Lady Fortuna Veriscan bars selling out within hours of availability. The move comes amid economic uncertainties and a surge in gold value. This follows Costco's successful fiscal fourth quarter, where net sales increased 9.4% YoY to $77.43 billion, beating consensus estimates.

Portfolio Pulse from Benzinga Neuro

September 28, 2023 | 2:34 am

CNXC

Concentrix reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:42 pm

MU

Micron Technology reported its Q4 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:40 pm

JEF

Jefferies Financial reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:38 pm

VWE

Vintage Wine Estates (VWE) has announced that it will restate its previously issued consolidated financial statements for the first, second and third quarters of fiscal 2023 due to a reassessment of technical accounting matters. The company has also refined its fiscal 2023 revenue expectations from $290 million to approximately $280 million with a gross margin of approximately 30%. VWE is seeking to complete the credit agreement amendments within the next two weeks. The company has confirmed Seth Kaufman will join as President and CEO on October 30, 2023.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:35 pm

TSP

TuSimple reported a gross loss of $0.5 million for the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:33 pm

WOR

Worthington Industries (NYSE:WOR) reported Q1 earnings of $2.06 per share, beating the analyst consensus estimate of $2.04 by 0.98 percent. This is a 27.95 percent increase from last year. However, the company's quarterly sales of $1.19 billion missed the analyst consensus estimate of $1.23 billion by 3.01 percent, marking a 15.33 percent decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:32 pm

OSPN

OneSpan has reiterated its fiscal year 2023 revenue guidance of $226M-$232M, which is in line with the estimated $227.21M, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:31 pm

MU

Micron Technology reported Q4 losses of $1.07 per share, beating the analyst consensus estimate of losses of $1.18. The company also reported quarterly sales of $4.01 billion, beating the analyst consensus estimate of $3.91 billion. However, this represents a 39.64% decrease over sales of $6.64 billion in the same period last year. Micron anticipates Q1 earnings per share to be between losses of $1.14 and $1.00, with revenue estimated to be between $4.2 billion and $4.6 billion. The company's stock was down 2.65% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

September 27, 2023 | 8:23 pm