Streetbeat News

Earnings

COST

Costco Wholesale Corp reported its fiscal Q4 earnings, beating expectations on both EPS and revenue. Net sales increased 9.4% YoY to $77.43 billion, beating the consensus estimate of $77.9 billion. EPS was $4.86, higher than the estimated $4.79. Comparable sales were up in all regions, with the highest increase in the Other International segment at 5.5%. However, total e-commerce sales fell 0.8%. Membership fees also increased YoY. Despite the positive report, Costco shares fell 1.52% in after-hours trading.

Portfolio Pulse from Adam Eckert

September 26, 2023 | 9:01 pm

MEIP

MEI Pharma reported Q4 adjusted losses of $(1.51) per share and sales of $1.46 million, beating the analyst consensus estimate of $930.00 thousand by 56.67 percent. However, this represents an 87.23 percent decrease over sales of $11.41 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:47 pm

MLKN

MillerKnoll, Inc. (NASDAQ:MLKN) reported Q1 earnings of 37 cents per share, beating the analyst consensus estimate of 21 cents. The company also reported quarterly sales of $917.70 million, surpassing the analyst consensus estimate of $899.60 million. The company generated $130.9 million of cash flow from operations in Q1. Q2 earnings per share are estimated to be between 52 cents and 58 cents, and revenue is anticipated to be between $950 million and $990 million. Full-year 2024 earnings per share guidance was raised to between $1.85 and $2.15.

Portfolio Pulse from Ryan Gustafson

September 26, 2023 | 8:44 pm

MLKN

MillerKnoll reported better-than-expected Q1 financial results and issued Q2 and FY24 EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:32 pm

NBTX

Nanobiotix (NASDAQ:NBTX) reported a 4.82% increase in quarterly losses to $(0.87) per share from $(0.83) per share YoY. However, the company's sales increased by 145.46% to $3.57 million from $1.45 million YoY.

Portfolio Pulse from Happy Mohamed

September 26, 2023 | 8:25 pm

PRGS

Progress Software has updated its Q4 and FY23 guidance. For Q4, it expects non-GAAP EPS to be between $0.87 and $0.93, compared to the estimated $0.98, and revenue to be between $171M and $177M, compared to the estimated $175.92M. For FY23, it expects non-GAAP EPS to be between $4.20 and $4.26, matching the estimate, and revenue to be between $692M and $698M, also matching the estimate. The company also expects a positive currency translation impact on its fiscal year 2023 and Q4 2023 business outlook.

Portfolio Pulse from Happy Mohamed

September 26, 2023 | 8:20 pm

KMX

Oppenheimer analyst Brian Nagel reiterated an Outperform rating on CarMax Inc (NYSE:KMX) with a price target of $105. CarMax has struggled with a bloated cost infrastructure and elevated used car prices. However, the analyst is optimistic that CarMax will emerge as a robust operator in the used car sector. The EPS forecast for Q2 is $0.73, consistent with Street figures. For FY23, the analyst predicts an EPS of $2.80, down from $3.03. CarMax shares closed higher by 0.62% to $78.25 on Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 8:20 pm

COST

Costco has reported its Q4 net sales at $77.43 billion, marking a 9.4% increase year-over-year. The total revenue for the quarter was $78.939 billion.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:17 pm

PRGS

Progress Software reported Q3 earnings of $1.08 per share, beating the analyst consensus estimate of $1.00 by 8%. The company also reported quarterly sales of $175.78 million, surpassing the analyst consensus estimate of $173.57 million by 1.27%. This represents a 14.85% increase over sales from the same period last year.

Portfolio Pulse from Happy Mohamed

September 26, 2023 | 8:17 pm

COST

Costco Wholesale reported Q4 earnings of $4.86 per share, beating the analyst consensus estimate of $4.79 by 1.46 percent. This represents a 15.71 percent increase over earnings of $4.20 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:16 pm