Streetbeat News

Earnings

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

ASO

Academy Sports (NASDAQ:ASO) reported Q2 adjusted earnings of $2.09 per share, beating the analyst consensus estimate of $1.99 by 5.03%. However, this is a decrease from $2.28 per share from the same period last year. The company also reported quarterly sales of $1.583 billion, beating the analyst consensus estimate of $1.58 billion by 0.19%, but this is a 6.16% decrease from $1.69 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:01 pm

DG

Dollar General Corp (NYSE:DG) reported Q2 FY23 sales growth of 3.9% to $9.80 billion, missing the analyst consensus of $9.92 billion. Same-store sales decreased 0.1% versus last year, and the gross profit margin for the quarter decreased to 31.1%. The company lowered its FY23 net sales growth outlook from 3.5%-5% to 1.3% - 3.3% and EPS guidance from $9.83 - $10.68 to $7.10 - $8.30. DG shares are trading lower by 16.9% at $131.00 in premarket.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 11:43 am

LFCR

Lifecore Biomedical (NASDAQ:LFCR) reported Q4 losses of $(0.11) per share, beating the analyst consensus estimate of $(0.37) by 70.27%. This is a 1000% decrease over losses from the same period last year. The company also reported quarterly sales of $31.55 million, beating the analyst consensus estimate of $29.02 million by 8.70%. However, this is a 33.76% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:42 am

OLLI

Ollie's Bargain Outlet has raised its FY2023 adjusted EPS guidance from $2.56 - $2.65 to $2.65 - $2.74, and its sales guidance from $2.05B - $2.07B to $2.076B - $2.091B. The company also expects to open 44 new stores, increase comparable store sales by 4.0% to 4.5%, and maintain a gross margin of 39.1% to 39.3%.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:35 am

CD

Chindata Group Holdings has projected its FY23 revenues to be between RMB5.88B and RMB6.08B, indicating a year-on-year growth of 29.2%-33.6%. The company also expects its adjusted EBITDA to be between RMB3.10 billion and RMB3.220 billion, a 31.0%-35.6% increase over the full year of 2022.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:34 am