Streetbeat News

Earnings

LAKE

Lakeland Industries reported Q2 earnings of $0.32 per share, a significant improvement from $(0.11) per share last year. The company's quarterly sales of $33.07 million beat the analyst consensus estimate of $30.40 million by 8.79 percent, marking a 17.34 percent increase over sales of $28.18 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:26 pm

FLR

Fluor Corporation has established reserves sufficient to fund the SEC settlement during 2022 and expects no material earnings effect during 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:15 pm

CHPT

ChargePoint Hldgs (NYSE:CHPT) reported Q2 losses of $(0.24) per share, missing the analyst consensus estimate of $(0.15) by 60%. This is a 33.33% decrease from the same period last year. The company also reported quarterly sales of $150.49 million, missing the analyst consensus estimate of $153.24 million by 1.79%. However, this is a 38.97% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 9:13 pm

DSGX

Descartes Systems reported Q2 earnings of $0.32 per share, missing the analyst consensus estimate of $0.33 by 3.03%. However, the company's quarterly sales of $143.40 million beat the estimate of $140.04 million by 2.40%. Compared to the same period last year, earnings increased by 18.52% and sales by 16.57%.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:01 pm

PATH

UiPath Inc (NYSE:PATH) reported Q2 earnings of nine cents per share, beating the analyst consensus estimate of three cents. The company also reported quarterly sales of $287.00 million, beating the analyst consensus estimate of $282.14 million. UiPath announced a $500 million stock repurchase program and estimated Q3 revenue to be between $313 million and $318 million. The company's shares rose in after-hours trading.

Portfolio Pulse from Ryan Gustafson

September 06, 2023 | 8:57 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) reported Q2 revenue of $150.5 million, missing the consensus estimate of $153.24 million. The company also reported a quarterly loss of 35 cents per share. ChargePoint announced a reorganization of its operations, including a 10% workforce reduction, expected to result in annual operating expense savings of $30 million. The company's shares were down 11.19% after hours.

Portfolio Pulse from Adam Eckert

September 06, 2023 | 8:54 pm

AI

C3.ai Inc reported Q1 revenue of $72.4 million, beating the consensus estimate of $71.59 million. The company also reported a quarterly loss of 9 cents per share, which was less than the estimated loss of 17 cents per share. C3.ai expects Q2 revenue to be between $72 million and $76.5 million, and full-year revenue to be between $295 million and $320 million. The company also launched the C3 Generative AI Suite, which includes 28 domain-specific generative AI offerings. Despite the positive report, C3.ai shares were down 3.85% after hours.

Portfolio Pulse from Adam Eckert

September 06, 2023 | 8:51 pm

AI

C3.ai's shares are trading lower despite the company providing in-line Q2 guidance.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:50 pm

GME

GameStop shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:50 pm

GME

SONY

GameStop Corporation (NYSE:GME) reported Q2 net sales of $1.16 billion, up 2.5% YoY, beating analysts’ consensus estimates of $1.14 billion. The company reported a loss of 3 cents per share, better than the estimated loss of 14 cents per share. GameStop reported $4.3 million in restructuring costs related to its European operations and ended the quarter with $1.195 billion in cash and cash equivalents. The company will not hold a conference call to discuss the results. A movie about GameStop investors versus hedge funds will be released by Sony Group Corp (NYSE:SONY) on Sept. 22.

Portfolio Pulse from Chris Katje

September 06, 2023 | 8:49 pm