Streetbeat News

Earnings

LE

Lands' End Inc (NASDAQ:LE) reported a Q2 FY23 sales decline of 7.9% YoY to $323.3 million, missing the analyst consensus estimate of $328.2 million. The company's global eCommerce revenue decreased 8.7% YoY to $218.7 million. The company also reported a gloomy Q3 outlook, with projected sales of $340 million - $355 million against an estimate of $390 million. Following the announcement, LE shares fell by 21.3%.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 2:36 pm

AAPL

AMZN

CRM

GOOG

META

MSFT

NVDA

TSLA

UBS

The stock market has quickly recovered most of August losses in the last five trading sessions. Salesforce Inc (NYSE:CRM) reported better than expected earnings, contributing to the rise in DJIA. Personal income is falling but personal spending is rising, which could impact the U.S. economy. UBS Group AG (NYSE:UBS) is reporting a record $29B profit and plans to layoff 3,000 people to generate $10B in cost savings by 2026. Positive money flows are seen in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), and NVIDIA Corp (NASDAQ:NVDA), while negative flows are seen in Tesla Inc (NASDAQ:TSLA) and Microsoft Corp (NASDAQ:MSFT).

Portfolio Pulse from The Arora Report

August 31, 2023 | 2:34 pm

VMW

VMware, Inc. (NYSE:VMW) is expected to report Q2 results after the closing bell on Aug. 31, 2023. Analysts predict earnings of $1.71 per share, up from $1.64 per share a year ago, and revenue of $3.46 billion, up from $3.34 billion. Several analysts have recently revised their ratings and price targets for the company, with most maintaining a Neutral rating.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 2:32 pm

MESO

Mesoblast Limited reported better-than-expected FY23 EPS results, leading to a rise in its share prices. The stock was also upgraded from Hold to Buy by Jefferies.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 2:31 pm

PKST

Peakstone Realty Trust reported Q2 results, leading to a decrease in its share prices.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 2:24 pm

DG

Dollar General's executive has stated that the company expects Q4 to be significantly better than Q3 in terms of comparable sales and earnings per share (EPS).

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:24 pm

DG

Dollar General's executive has stated that while they expect traffic trends to improve, they do not anticipate positive traffic until Q4.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:23 pm

GCO

Genesco Inc. reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 2:23 pm

DG

Dollar General's executive has announced an expected increase of about $100M in additional shrink headwind since the last quarter's call in FY23.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:20 pm

FLWS

1-800-FLOWERS.COM reported mixed Q4 results, leading to an increase in its share price.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 2:19 pm