Streetbeat News

Earnings

CHPT

ChargePoint's shares are trading lower following the company's Q2 results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:56 pm

RH

RH (NYSE:RH) shares are trading lower after the company reported a Q2 FY23 sales decline of 19.3% YoY to $800.48 million, despite beating the analyst consensus estimate. The company's gross margin contracted 530 basis points to 47.5%, and the gross profit fell 27.4% to $380 million. The company raised the lower end of its FY23 revenue outlook and expects the luxury housing market and broader economy to remain challenging throughout fiscal 2023 and into next year.

Portfolio Pulse from Shivani Kumaresan

September 08, 2023 | 4:49 pm

GWRE

Shares of Guidewire Software Inc. (GWRE) are trading higher after several analysts increased their price targets on the stock following the company's Q4 results.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:24 pm

WBX

Shares of Wallbox NV (NYSE:WBX) have fallen by 3.19% to $2.73 over the past five days, largely due to poor Q2 results from peer EV charging company ChargePoint Holdings Inc. Investors may be concerned that ChargePoint's underperformance could indicate broader challenges in the EV charging sector, potentially affecting Wallbox's performance.

Portfolio Pulse from Henry Khederian

September 08, 2023 | 3:44 pm

CHPT

WBX

Wallbox shares are trading lower, possibly in sympathy with ChargePoint, which reported worse-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:43 pm

BLNK

CHPT

Blink Charging Co (NASDAQ:BLNK) shares are trading lower by 3.18% to $3.51, hitting a new 52-week low. The stock is falling in sympathy with peer EV charging company ChargePoint Holdings Inc (NASDAQ:CHPT) which reported worse-than-expected Q2 results. The disappointing earnings from ChargePoint have negatively affected investor sentiment towards the entire EV charging sector.

Portfolio Pulse from Henry Khederian

September 08, 2023 | 3:39 pm

BLNK

Blink Charging's stock is trading lower, possibly in sympathy with ChargePoint, which reported worse-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:39 pm

DOCU

Shares of DocuSign Inc (NASDAQ:DOCU) fell despite reporting upbeat Q2 earnings. Analysts from RBC Capital Markets, Wedbush, Evercore, and Needham provided mixed reviews, noting healthy billings outperformance but soft guidance, and concerns over net recurring revenues and customer count. The company's shares declined by 4.87% to $49.61.

Portfolio Pulse from Priya Nigam

September 08, 2023 | 3:18 pm

KR

Kroger's shares are trading higher after a premarket fall due to mixed earnings. The company has also reached an opioid settlement agreement.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:16 pm

PL

Planet Labs PBC (NYSE:PL) reported lower than expected earnings for Q2 and issued weak FY24 guidance. The company's shares fell 18.3% following the announcement. Analysts from Needham and Benchmark have subsequently lowered their price targets for Planet Labs.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 3:13 pm