Streetbeat News

Earnings

AVGO

DELL

LULU

MDB

NTNX

Dell, Lululemon, MongoDB, Broadcom, and Nutanix reported better-than-expected earnings, with Dell, Lululemon, and MongoDB raising their outlooks. However, Broadcom issued a weak forecast for the current quarter. Nutanix announced a $350 million share repurchase program.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 8:00 am

CRM

DDL

US stocks closed mostly lower on Thursday, with the Dow Jones falling around 170 points. The Nasdaq Composite gained for a fifth straight day but recorded its worst month of the year. Salesforce, Inc. (NYSE:CRM) shares gained 3% after reporting better-than-expected Q2 results and issuing FY24 guidance above estimates. Investors are awaiting earnings results from Dingdong (Cayman) Limited (NYSE:DDL). The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 5:54 am

INCR

Intercure (NASDAQ:INCR) reported a decrease in quarterly earnings from $0.17 per share last year to $0.03 per share this year, a drop of 82.35%. However, the company's sales increased by 14.29% from $50.05 million to $57.20 million over the same period.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 5:46 am

PSNY

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) CEO Thomas Ingenlath confirmed that the Polestar 4 electric SUV coupe is on track to start production in November, with first customer deliveries expected in China by year-end. Deliveries to the rest of the world are planned for early 2024. The price of Polestar 4 is higher than Polestar 2 but lower than Polestar 3, and is closer to the price range of Porsche Macan. Polestar reported an adjusted EPS loss of $(0.16), missing the consensus loss of $(0.12). Despite this, the company still expects to deliver 60,000-70,000 vehicles in 2023.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 4:35 am

ADTX

AVGO

LULU

TSLA

Aditxt, Broadcom, SentinelOne, Lululemon, and Tesla were the top trending stocks on Thursday. Aditxt's stock soared by 461.22% due to high trading volume and elevated short interest. Broadcom's shares rose by 3.43% in anticipation of its quarterly earnings report. SentinelOne's shares increased by 2.15% after reporting a 46% YoY increase in its Q2 revenue. Lululemon's stock rose by 1.20% after reporting an 18% YoY increase in its Q2 revenue. Tesla's shares saw a modest rise of 0.46% after slashing its prices in China.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 2:27 am

KEQU

Kewaunee Scientific (NASDAQ:KEQU) reported Q1 earnings of $0.86 per share, a 418.52% increase YoY. However, sales decreased by 0.57% to $49.84 million compared to $50.12 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 9:36 pm

SentinelOne, Inc (NYSE:S) reported a 46% YoY increase in Q2 revenue to $149.4 million, beating the consensus estimate of $140.98 million. The company also reported a quarterly loss of 8 cents per share, better than the estimated loss of 14 cents per share. The company raised its full-year revenue guidance from a range of $590 million to $600 million to $605 million. SentinelOne shares were up 2.22% after hours.

Portfolio Pulse from Adam Eckert

August 31, 2023 | 9:36 pm

DELL

NTNX

TIO

In Thursday's after-market session, several IT stocks saw significant movement. Nutanix (NTNX), Dell Technologies (DELL), WaveDancer (WAVD), Aeva Technologies (AEVA), MongoDB (MDB), and Pure Storage (PSTG) all saw gains, with Nutanix leading the pack with a 14.6% increase. On the other hand, Tingo Group (TIO), Infobird Co (IFBD), PagerDuty (PD), Teradata (TDC), Boxlight (BOXL), and HashiCorp (HCP) all experienced losses, with Tingo Group leading the losses with a 6.3% decrease. Most of these movements were in response to Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 9:31 pm

LULU

Lululemon Athletica has gained 1.3 points of market share in the US in Q2, with gains in both men's and women's segments, as announced in a company conference call.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 9:18 pm

AVGO

Broadcom's Q3 networking revenue was reported to be $2.8 billion, marking a 20% increase year on year, as announced by the CEO during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 9:15 pm