Streetbeat News

Earnings

DYNT

Dynatronics reported Q4 losses of $(0.63) per share, missing the analyst consensus estimate of $(0.28) by 125 percent, a 26 percent decrease over losses from the same period last year. However, the company's quarterly sales of $8.44 million beat the analyst consensus estimate of $7.86 million by 7.35 percent, despite a 24.60 percent decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:22 pm

KMX

Used vehicle retailer CarMax Inc (KMX) reported a Q2 FY24 revenue decline of 13.2% YoY to $7.07 billion, beating the analyst consensus estimate of $7.03 billion. The company sold fewer units due to vehicle affordability challenges, inflationary pressures, higher interest rates, and low consumer confidence. Gross profit was down 5.5% YoY and EPS of $0.75 missed the consensus estimate of $0.78. KMX shares are trading lower by 11.5% in premarket.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 12:17 pm

JBL

Jabil Inc. has projected its Q1 net revenue to be between $8.4 billion and $9.0 billion, which is lower than the estimated $9.18 billion. However, the company's adjusted EPS is expected to be between $2.40 and $2.80, higher than the estimated $2.33.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:39 am

PTN

Palatin Techs (AMEX:PTN) reported Q4 losses of $(0.91) per share, missing the analyst consensus estimate of $(0.56) by 62.5%. However, the company's quarterly sales of $1.76 million beat the analyst consensus estimate of $1.37 million by 28.61%, marking a 128.60% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:33 am

JBL

Jabil (NYSE:JBL) reported Q4 adjusted earnings of $2.45 per share, beating the analyst consensus estimate of $2.32 by 5.6%. This is a 4.7% increase from the same period last year. However, the company's quarterly sales of $8.46 billion missed the analyst consensus estimate of $8.54 billion by 0.96%, marking a 6.33% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:32 am

JBLU

JetBlue Airways Corporation (JBLU) has revised its Q3 revenue expectations to the lower end of its previous guidance range, according to a recent filing. The airline cites greater than anticipated air traffic control and weather-related disruptions in the Northeast, which have increased crew and disruption costs and reduced flown revenue. Additionally, close-in leisure bookings for September have been lower than expected.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:30 am

FUL

H.B. Fuller Company (NYSE:FUL) reported a 4.3% YoY decline in net revenue to $900.63 million for Q3 FY23, missing the consensus estimate of $956.26 million. The decline is attributed to low volumes due to customer destocking actions and slower industrial demand. However, the company's CEO, Celeste Mastin, is optimistic about 2024, expecting the destocking phenomenon to abate and the company's innovation pipeline and restructuring actions to drive value.

Portfolio Pulse from Akanksha Bakshi

September 28, 2023 | 11:24 am

CLCO

CNXC

OPRA

WDAY

Several US stocks traded lower in Thursday's pre-market session. Workday, Inc. (WDAY) shares dipped 10.1% after Piper Sandler maintained an Overweight rating but lowered the price target. Opera Limited (OPRA) shares fell 6.1% following a proposed secondary follow-on public offering. Concentrix Corporation (CNXC) shares fell 5.5% after reporting worse-than-expected Q3 results and weak Q4 earnings guidance. Micron Technology, Inc. (MU) shares fell 5% despite upbeat Q4 results due to a wider than expected Q1 loss forecast. Cool Company Ltd. (CLCO), Wheels Up Experience Inc. (UP), and Li Auto Inc. (LI) also recorded losses.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 11:21 am

ACN

GME

JBL

KMX

PTON

QQQ

SPY

WDAY

The US stock market is showing signs of nervousness ahead of key economic data releases and speeches by Federal Reserve officials. The 10-year Treasury yield continues to rise, potentially pressuring stocks. The Dow Industrials ended down for a second straight day, while the Nasdaq Composite and the Dow Industrials rebounded from Tuesday’s sharp declines. Fund manager Louis Navellier recommends investing in fundamentally sound stocks amidst the uncertainties. He expects another round of big earnings surprises. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) edged up 0.08% and the Invesco QQQ ETF (NASDAQ:QQQ) slipped 0.05%. Stocks in focus include Peloton Interactive, Inc. (NASDAQ:PTON), Workday, Inc. (NASDAQ:WDAY), Micron Technology, Inc. (NASDAQ:MU), GameStop Corp. (NYSE:GME), Accenture plc (NYSE:ACN), CarMax, Inc. (NYSE:KMX), and Jabil, Inc. (NYSE:JBL).

Portfolio Pulse from Shanthi Rexaline

September 28, 2023 | 10:59 am

ACN

JBL

KMX

MTN

NKE

PTN

RNLX

VRAR

Several companies are scheduled to report their earnings on September 28, 2023. These include CarMax, Accenture, Renalytix, Palatin Techs, Jabil, Nike, Vail Resorts, Inventiva, Precision Optics Corp, Park City Gr, BlackBerry, Glimpse Group, and Treasure Global.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 10:59 am