Streetbeat News

Earnings

AMD

INTC

MRVL

MU

NVDA

SMCI

TSM

Nvidia's Q2 earnings beat expectations, but its stock fell due to its previous strong performance. This led to a decline in several semiconductor stocks, including AMD, Micron, Super Micro, TSM, Intel, and Marvell. Nvidia's strong AI chip demand and future revenue guidance were highlighted.

Portfolio Pulse from Adam Eckert

August 28, 2024 | 9:22 pm

NVDA

Nvidia expects a shift in its data center product mix towards new products in the second half of fiscal year 2025, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:15 pm

NVDA

PSTG

Pure Storage Inc. (NYSE:PSTG) reported better-than-expected Q2 earnings and revenue, but its stock fell 14% after-hours. The company also provided a positive revenue outlook for Q3. Meanwhile, NVIDIA Corp (NASDAQ:NVDA) shares dropped 4% after its Q2 results.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 9:12 pm

FIVE

Five Below, Inc. (NASDAQ:FIVE) reported Q2 earnings in line with expectations and sales that beat estimates. Despite a 9.4% increase in net sales, comparable sales decreased by 5.7%. The company opened 62 new stores, increasing its total by 18.5% year-over-year. Five Below adjusted its fiscal year outlook downward, but shares rose 5.42% after-hours.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 9:01 pm

PAHC

Phibro Animal Health has provided its financial outlook for FY25, expecting net sales between $1.04 billion and $1.09 billion, which is below the estimated $1.13 billion. The company also anticipates adjusted EBITDA to range from $118 million to $126 million.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:58 pm

PAHC

Phibro Animal Health (NASDAQ:PAHC) reported Q4 2024 earnings of $0.41 per share, surpassing the $0.33 estimate, and sales of $273.2M, exceeding the $263.245M estimate. This marks a 7.89% increase in EPS and a 7.14% rise in sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:57 pm

AFRM

Affirm Holdings Inc. (NASDAQ:AFRM) shares surged after reporting strong Q4 earnings and providing positive Q1 guidance. The company reported a smaller-than-expected loss and significant revenue growth, with transactions and active merchants also increasing. Affirm's outlook for Q1 revenue exceeds analyst estimates.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 8:54 pm

NOAH

Noah Holdings reported a significant year-over-year decline in sales for Q2 2024, with a 34.75% drop to $84.744 million. The company's adjusted earnings per share stood at $0.21.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:50 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) reported strong Q2 earnings, beating revenue and EPS estimates. Despite a July IT outage, the company showed resilience with a 32% increase in annual recurring revenue. However, future guidance is below expectations due to customer incentives related to the outage.

Portfolio Pulse from Adam Eckert

August 28, 2024 | 8:45 pm

NVDA

SOX

Nvidia's Q2 earnings and revenue exceeded expectations, driven by strong data center revenue. Despite issuing positive Q3 guidance and announcing a $50 billion stock repurchase, Nvidia's stock fell 3.6% in after-hours trading due to concerns over gross margin contraction and potential delays in the Blackwell AI chip. Nvidia's stock has gained 154% year-to-date, outperforming major indices.

Portfolio Pulse from Shanthi Rexaline

August 28, 2024 | 8:40 pm