Streetbeat News

Earnings

FIVE

Five Below has issued Q3 EPS, Q3 revenue and FY23 EPS guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:33 pm

OKTA

Okta reported better-than-expected Q2 financial results and issued Q3 adjusted EPS and total revenue guidance above estimates. The company also raised FY24 adjusted EPS and total revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:33 pm

CRM

Salesforce reported better-than-expected Q2 financial results and issued Q3 and FY24 adjusted EPS and revenue guidance above estimates. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:32 pm

HPQ

HP Inc. reported in-line earnings for Q3 but lowered its full-year forecast. The company's Q3 earnings beat analyst estimates, but represented a decrease from the same period last year. Several analysts lowered their price targets on HP's stock following the earnings release. The article also discusses how investors can earn from HP's dividends, which currently offer an annual yield of 3.35%.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:29 pm

VIBEF

Vibe Growth Corporation (OTCQX:VIBEF) reported its Q2 2023 financial results, showing a challenging financial position with a net loss of $1,397,542 and adjusted EBITDA loss of $557,056. However, the adjusted EBITDA loss marks an improvement from the previous quarter's loss of $2,706,964. The company's dispensary sales for Q2 2023 were $3.69 million, a 7.75% decline from the previous quarter, but the average dispensary basket size saw a marginal increase.

Portfolio Pulse from Nicolás Jose Rodriguez

August 31, 2023 | 12:22 pm

FIVE

Five Below Inc reported Q2 FY23 sales growth of 13.5% YoY to $759 million, beating the analyst consensus. However, the company's Q3 sales and EPS guidance fell short of expectations, leading to a 5.27% drop in premarket trading.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 12:17 pm

UBS

UBS has reported its Q2 adjusted EPS as (0.01). This figure excludes goodwill of $28.925B or $9.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:17 pm

GPS

HLF

NVDA

WSM

Insiders at Williams-Sonoma, Inc. (WSM), The Gap, Inc. (GPS), Herbalife Ltd. (HLF), and NVIDIA Corporation (NVDA) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be preplanned and should not be the sole basis for investment decisions. All four companies recently reported better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:15 pm

AGIL

ALLR

AXLA

DBGI

ICCT

NCNC

OKTA

Shares of Okta, Inc. (NASDAQ:OKTA) surged 11% in pre-market trading after the company reported better-than-expected Q2 financial results and raised FY24 guidance above estimates. Other pre-market gainers include iCoreConnect Inc. (OTC:ICCT), noco-noco Inc. (NASDAQ:NCNC), and Allarity Therapeutics, Inc. (NASDAQ:ALLR). On the other hand, Axcella Health Inc. (NASDAQ:AXLA), Digital Brands Group, Inc. (NASDAQ:DBGI), and AgileThought, Inc. (NASDAQ:AGIL) were among the pre-market losers.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:13 pm

ASO

Academy Sports (ASO) has raised its FY23 adjusted EPS outlook from $6.80-$7.50 to $6.95-$7.65, surpassing the consensus estimate of $6.92.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:07 pm