Streetbeat News

Earnings

KR

Kroger reported Q2 earnings of $0.96 per share, beating the analyst consensus estimate of $0.91 by 5.49%. However, the company's quarterly sales of $33.85 billion missed the analyst consensus estimate of $34.13 billion by 0.81%.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:01 pm

KR

Kroger has reached an agreement for a nationwide opioid settlement, agreeing to pay up to $1.2 billion to states and subdivisions. The company will recognize a $1.4 billion charge in Q2, which will negatively impact its GAAP EPS of $1.54.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:00 pm

AMZN

SNAP

YELP

ZM

Insiders at Amazon, Zoom Video Communications, Yelp, and Snap have recently sold shares. Yelp and Zoom reported better-than-expected quarterly results. Snap announced a significant leadership change in its India operations. Amazon's cloud computing technology will be used by BMW for the development of semi-autonomous driving features in its forthcoming electric vehicles.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 11:55 am

PL

Planet Labs (NYSE:PL) reported weaker-than-expected Q2 FY24 results with a revenue increase of 11% Y/Y to $53.8 million, missing the consensus of $54.14 million. The company also lowered its FY24 revenue guidance to $216 million-$223 million from $225 million-$235 million earlier. Shares are trading lower by 4.22% at $2.95 premarket.

Portfolio Pulse from Lekha Gupta

September 08, 2023 | 11:23 am

SMAR

Smartsheet Inc (NYSE:SMAR) reported Q2 FY24 revenue growth of 26% Y/Y to $235.6 million, beating the consensus of $229.51 million. The company also raised its FY24 outlook. Subscription revenue rose 28% Y/Y to $221.5 million, and Professional services revenue increased 7% Y/Y to $14.1 million. Adjusted EPS of $0.16 exceeded the consensus of $0.07. The company expects Q3 revenue of $240 million-$242 million and adjusted EPS of $0.08-$0.09. The outlook for FY24 revenue was boosted to $950 million - $953 million from $943 million - $948 million.

Portfolio Pulse from Lekha Gupta

September 08, 2023 | 10:56 am

TSM

Taiwan Semiconductor Manufacturing (TSM) reported August 2023 sales of NT$188.7B, a 6.2% increase quarter-over-quarter, but a 13.5% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:45 am

BENF

CLVT

DOCN

GME

PHG

PL

TMC

VIR

Several US stocks traded lower in Friday's pre-market session. DigitalOcean Holdings, Beneficient, Planet Labs, Vir Biotechnology, TMC the metals company, Clarivate, GameStop, and Koninklijke Philips all recorded losses. Planet Labs' drop followed downbeat Q2 results and a weak Q3 forecast. GameStop's decline comes amid reports of an SEC investigation into Ryan Cohen's trades in Bed Bath & Beyond stock.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 10:39 am

HOFT

Hooker Furnishings anticipates an increase in demand and business in the second half of the year, with orders trending upwards in all segments. The company also expects its Home Meridian division to achieve profitability.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:07 am

HOFT

Hooker Furnishings reported Q2 earnings of $0.07 per share, a decrease of 84.78% YoY. The company's quarterly sales were $97.81 million, missing the analyst consensus estimate of $134.75 million by 27.42%.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:03 am

IMOS

ChipMOS Technologies reported a revenue of $57.5M in August 2023, a 6.9% YoY increase but a 0.2% decrease from July 2023. The company attributes the growth to stabilization in loading levels of its DDIC high-end test platform and improvements in its Memory business.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:03 am