Streetbeat News

Earnings

KR

Kroger reported mixed results and issued cautious guidance, leading to a drop in its share price. The company also agreed to an opioid settlement, committing to pay up to $1.2 billion to states and subdivisions and $36 million to tribes.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:21 pm

HURC

Hurco Cos (NASDAQ:HURC) reported a 77.78% decrease in quarterly earnings, from $0.18 per share last year to $0.04 per share this year. Sales also decreased by 7.70% from $57.64 million to $53.20 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:06 pm

KR

Kroger has announced that it expects its identical sales, excluding fuel, to be at the lower end of its guidance range and slightly negative in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:02 pm

RENT

Rent the Runway (NASDAQ:RENT) reported Q2 earnings per share (EPS) of $(0.40), beating the analyst consensus estimate of $(0.43) by 6.98%. However, the company's quarterly sales of $75.70 million missed the analyst consensus estimate of $78.25 million by 3.26%. Compared to the same period last year, the EPS increased by 24.53% while sales decreased by 1.05%.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:02 pm

PVH

PVH Corp's subsidiary Calvin Klein has signed a licensing deal with Revman to design, manufacture, and distribute home accessories in the U.S., Canada, and Mexico. The first Calvin Klein home collection is expected to launch in Spring 2024. In Q2 FY23, PVH reported sales growth of 4% YoY to $2.21 billion, beating analyst consensus.

Portfolio Pulse from Lekha Gupta

September 08, 2023 | 12:02 pm

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