Streetbeat News

Earnings

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

NAAS

NaaS Technology Network reported Q2 2023 operational highlights, including a 112% YoY increase in charging volume to 1,228 GWh, a 109% YoY rise in gross transaction value to $160.8M, and a 110% YoY increase in the number of orders to 53.8M. The number of chargers connected and accessible on NaaS' network also increased by 80% YoY to over 652,000.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:46 am

DOCU

HOFT

KR

RENT

SMAR

Kroger, DocuSign, Hooker Furnishings, Smartsheet, and Rent the Runway are stocks to watch heading into Friday. Kroger and Hooker Furnishings are expected to report earnings, while DocuSign and Smartsheet reported better-than-expected Q2 results. Rent the Runway is expected to report a quarterly loss.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 9:35 am

NAAS

Naas Technology (NASDAQ:NAAS) reported Q2 losses of $(0.07) per share, a 16.67% decrease YoY. However, the company's sales increased by 323.77% to $6.70 million from $1.58 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:34 am

KR

Kroger Co. (NYSE:KR) is set to report its Q2 2023 financial results on Sept. 8, 2023. Analysts predict earnings of 91 cents per share, up from 90 cents per share a year ago, and revenue of $34.12 billion, down from $34.64 billion. Kroger shares gained 1% in after-hours trading. Analysts from Morgan Stanley, Northcoast Research, Deutsche Bank, JP Morgan, and Wells Fargo have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 7:04 am

ARBK

Argo Blockchain's mining revenue in August was $2.93 million, down by 24% compared to July. However, a higher mining margin percentage is expected due to estimated power credits. The company mined 105 Bitcoin in August, holding 49 BTC as of August 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:43 am

AAPL

AI

HOFT

KR

RENT

The CNN Money Fear and Greed index moved to the 'Neutral' zone as Nasdaq recorded losses for the fourth straight session. Apple Inc shares fell 2.9% amid reports of China expanding its ban on the use of iPhones. C3.ai shares declined over 12% after the company said it does not expect to be profitable in Q4. Investors are awaiting earnings results from The Kroger Co., Hooker Furnishings Corporation, and Rent the Runway, Inc.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 6:18 am

RENT

Rent the Runway, Inc. (NASDAQ:RENT) is expected to report a narrower Q2 2023 loss of 43 cents per share, compared to a loss of 53 cents per share in the same period last year. The company's revenue is projected to be $78.25 million, slightly up from $76.5 million in the year-ago period. The company's shares gained 3.7% to $1.41 in the after-hours trading session. Analysts from Piper Sandler, Barclays, Goldman Sachs, and Credit Suisse have recently updated their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 5:58 am