Streetbeat News

Earnings

PSNY

Polestar, a Swedish electric vehicle manufacturer, reported Q2 deliveries of 15,765 vehicles, marking a 36% increase year-over-year. The company's global deliveries for the first half of the year totaled 27,841.

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August 31, 2023 | 11:04 am

CDRO

Codere Online Luxembourg (NASDAQ:CDRO) reported Q2 sales of $40.27 million, beating the analyst consensus estimate of $35.76 million by 12.61 percent. This represents a 37.90 percent increase over sales of $29.20 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:04 am

PSNY

Polestar Automotive (NASDAQ:PSNY) reported Q2 earnings per share (EPS) of $(0.14), missing the analyst consensus estimate of $(0.12) by 16.67%. The company also reported quarterly sales of $685.25 million, missing the analyst consensus estimate of $756.15 million by 9.38%. This represents a 16.67% decrease in EPS and a 16.33% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:03 am

DG

Dollar General has lowered its FY2023 GAAP EPS guidance from $9.83-10.68 to $7.10 - $8.30, which is below the estimated $10.01. The company also reduced its FY2023 sales growth outlook to 1.3% - 3.3% from the previous 3.5% - 5%. Same-store sales growth is expected to range from a decline of 1.0% to growth of 1.0%, compared to the previous expectation of 1.0% to 2.0% growth.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:03 am

CIEN

Ciena reported Q3 earnings of $0.59 per share, beating the analyst consensus estimate of $0.51 by 15.69%. This is a 78.79% increase from the same period last year. The company also reported quarterly sales of $1.07 billion, beating the analyst consensus estimate of $1.04 billion by 2.68%. This is a 23.03% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:01 am

SIG

Signet Jewelers has reaffirmed its FY24 total sales forecast of $7.10B-$7.30B, which is in line with the estimated $7.18B. The company has also increased its EPS outlook from $9.49-$10.09 to $9.55-$10.14, surpassing the estimated $9.42.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:00 am

FLWS

1-800-Flowers.com has provided its fiscal 2024 guidance, expecting total revenues to decline in the mid-single digits YoY due to a challenging consumer environment. However, a rebound is expected during the holiday period and into the second half of the fiscal year. The company also anticipates an improvement in gross margin and increased compensation expense. Adjusted EBITDA is projected to be between $95M-$100M, and free cash flow between $60M-$65M.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:58 am

DG

Dollar General's CEO expressed dissatisfaction with the company's overall financial results, despite noting significant progress in improving supply chain and store execution, as well as reducing inventory growth rate in Q2.

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August 31, 2023 | 10:58 am

DG

Dollar General's Q2 same-store sales have decreased by 0.1%.

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August 31, 2023 | 10:57 am

DG

Dollar Gen (NYSE:DG) reported Q2 earnings of $2.13 per share, missing the analyst consensus estimate of $2.46 by 13.41%. This is a 28.52% decrease from the same period last year. The company also reported quarterly sales of $9.80 billion, missing the analyst consensus estimate of $9.92 billion by 1.25%. This is a 3.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:56 am