Streetbeat News

Earnings

KBH

KB Home (NYSE:KBH) reported Q3 earnings of $1.80 per share, beating the analyst consensus estimate of $1.43, but a 37.06% decrease YoY. Quarterly sales were $1.59 billion, beating the analyst consensus estimate of $1.48 billion, but a 13.98% decrease YoY. The company also reported a 7% decrease in homes delivered and a decrease in the average selling price. However, KB Home raised the full-year 2023 housing revenues outlook from between $5.80 billion and $6.20 billion to $6.31 billion.

Portfolio Pulse from Ryan Gustafson

September 20, 2023 | 8:29 pm

GNFT

Genfit reported H1 EPS of $(0.4578), down from $(0.23) YoY, and sales of $16.76M, up from $9.62M YoY. The company's quarterly losses were $(0.46) per share, a 99.13% decrease YoY, while sales increased by 74.26% YoY.

Portfolio Pulse from Happy Mohamed

September 20, 2023 | 8:24 pm

FDX

FedEx Corp reported Q1 revenue of $21.7 billion, missing the consensus estimate of $21.81 billion, but beat earnings estimates with $4.55 per share. The results were driven by the DRIVE program and focus on revenue quality, offset by ongoing demand weakness. FedEx lowered its full-year revenue guidance but raised its earnings outlook. The company also plans to repurchase an additional $1.5 billion of its common stock during fiscal 2024. FedEx shares were up 4.89% after hours.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 8:17 pm

FDX

FedEx has reported mixed Q1 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:14 pm

GEG

Great Elm Group (NASDAQ:GEG) reported a significant decrease in sales for Q4, with $3.00 million in sales, down 83.39% from $18.07 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:13 pm

KBH

KB Home reported Q3 earnings of $1.80 per share, beating the analyst consensus estimate of $1.43 by 25.87%. However, this is a 37.06% decrease from the same period last year. The company also reported quarterly sales of $1.59 billion, beating the estimate of $1.48 billion by 7.23%, but this is a 13.98% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:10 pm

FDX

FedEx has updated its FY24 EPS forecast to $17-$18.50, compared to the prior forecast of $16.50-$18.50. This is before the MTM retirement plans accounting adjustments and excluding costs related to business optimization initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:07 pm

FDX

FedEx reported Q1 earnings of $4.55 per share, beating the analyst consensus estimate of $3.74 by 21.66%. This is a 32.27% increase from the same period last year. However, the company's quarterly sales of $21.70 billion missed the analyst consensus estimate of $21.81 billion by 0.50%, marking a 6.63% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

September 20, 2023 | 8:04 pm

ADYEY

BRK-B

TXN

The article provides a detailed guide on how to analyze a company's quarterly earnings report, emphasizing its importance for investors, analysts, and consumers. It also highlights the different purposes of these reports, including investment decisions, analyst assessments, and consumer impact. The article uses Texas Instruments Incorporated (NASDAQ:TXN) as an example to illustrate the process.

Portfolio Pulse from Dave Ahern

September 20, 2023 | 7:55 pm

BJDX

Bluejay Diagnostics, Inc. (NASDAQ:BJDX) shares surged on Wednesday, marked by unusually high trading volume. The stock has been in decline since early August due to negative catalysts such as a disappointing Q2 earnings report and a $1.59 million registered direct offering. However, the stock spiked on Wednesday with a trading volume of 35.67 million shares compared to its average volume of 593,393. The stock also has elevated short interest with 7.99% of shares currently sold short, which could have contributed to the price surge.

Portfolio Pulse from Ryan Gustafson

September 20, 2023 | 7:42 pm