Streetbeat News

Earnings

OKTA

Okta shares are experiencing a decline following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:05 pm

CRM

Salesforce reported better-than-expected Q2 2025 earnings with an adjusted EPS of $2.56, surpassing the $2.36 estimate, and sales of $9.33 billion, exceeding the $9.23 billion estimate. This marks an 8.45% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:05 pm

NTAP

NetApp has provided guidance for Q2 and FY25, with adjusted EPS and revenue estimates surpassing analyst expectations. This positive outlook suggests potential growth for the company.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:04 pm

OKTA

Okta has raised its financial outlook for Q3 and FY25, expecting higher EPS and revenue than previously estimated. The company anticipates Q3 EPS of $0.57-$0.58 and revenue of $648M-$650M, and FY25 EPS of $2.58-$2.63 and revenue of $2.555B-$2.565B. Despite a challenging macro environment and a recent security incident, Okta projects strong growth and improved margins.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:03 pm

FIVE

Five Below reported Q2 2024 earnings per share of $0.54, meeting analyst expectations, but down 35.71% from last year. Sales were $830.07M, beating estimates by 0.96% and up 9.37% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:02 pm

OKTA

Okta reported strong Q2 earnings, with adjusted EPS of $0.72 beating estimates by 18% and sales of $646M surpassing expectations by 2%. This marks significant growth compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:02 pm

NTAP

NetApp reported Q1 2025 earnings per share of $1.56, surpassing the analyst estimate of $1.45. The company's sales reached $1.541 billion, exceeding the expected $1.526 billion and marking a 7.61% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:01 pm

SBUX

Starbucks shares are trading lower following a filing that disclosed a loss reported by its Malaysian operator, Berjaya Food.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:45 pm

DELL

Dell Technologies Inc (NYSE:DELL) is set to report its Q2 earnings, with Wall Street expecting $1.71 EPS and $24.138 billion in revenues. The stock has risen significantly over the past year and year-to-date. Technical indicators show mixed signals, with some bullish momentum but also caution due to bearish trends. Analysts have a Buy rating with a price target suggesting a 35.94% upside.

Portfolio Pulse from Surbhi Jain

August 28, 2024 | 7:30 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) is set to release its Q2 earnings, with analysts expecting revenue of $2.41 billion. Despite concerns over sluggish US sales and execution issues, Truist analyst Joseph Civello believes the stock is oversold and maintains a Buy rating with a $310 price target. Lululemon has consistently beaten revenue and earnings estimates, but faces competition from brands like Vuori and Alo Yoga. Goldman Sachs downgraded the stock due to execution challenges. Key areas to watch include international growth and product innovation.

Portfolio Pulse from Chris Katje

August 28, 2024 | 7:22 pm