Streetbeat News

Earnings

HTHT

H World Group (NASDAQ:HTHT) reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.35 by 28.57%. This is a 1225% increase over losses from the same period last year. The company also reported quarterly sales of $762.00 million, beating the analyst consensus estimate of $737.15 million by 3.37%. This is a 51.19% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:08 am

AFRM

AMC

HE

TSLA

ULTA

The S&P 500, Nasdaq, and Dow Jones Industrial Average closed lower on Thursday. Affirm Holdings, Hawaiian Electric, AMC, Ulta Beauty, and Tesla were the top stocks that gained the attention of retail traders and investors. Affirm Holdings released Q4 earnings showing a 22% increase in revenue. Hawaiian Electric came under scrutiny following a negative review by a market analyst. AMC's stock tumbled due to its popularity among retail investors and its recent Q2 earnings report. Ulta Beauty's Q2 earnings beat expectations and raised its annual forecast. Tesla is struggling with internal woes and recession fears.

Portfolio Pulse from Benzinga Neuro

August 25, 2023 | 2:00 am

AMSWA

CRDO

DOMO

PHUN

In Thursday's after-market session, several information technology stocks saw significant movement. Gainers included Phunware (PHUN), Credo Technology Group (CRDO), Datasea (DTSS), CompoSecure (CMPO), Ostin Technology Group (OST), and Glimpse Group (VRAR). Losers included Domo (DOMO), Powerbridge Technologies (PBTS), CalAmp (CAMP), American Software (AMSWA), AgileThought (AGIL), and WaveDancer (WAVD). Earnings reports were released for CRDO, DOMO, and AMSWA.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 9:31 pm

NVDA

QQQ

The Nasdaq 100 experienced a significant 2.2% decline on Thursday, marking its worst performance since the beginning of the month. This decline completely reversed the gains experienced in the previous session. Even Nvidia Corp.’s strong Q2 earnings failed to uplift sentiment within the tech stock sector. The bearish engulfing pattern on the chart suggests further price weakness. Investors in the tech sector, tracked by the Invesco QQQ Trust, are now focused on the upcoming Jackson Hole Economic Symposium.

Portfolio Pulse from Piero Cingari

August 24, 2023 | 9:19 pm

KOSS

Koss Corporation reported Q4 losses of $(0.03) per share, a 175% decrease from the same period last year. Sales also decreased by 27.6% to $3.10 million compared to $4.29 million last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:18 pm

JWN

Nordstrom, Inc. (NYSE:JWN) reported Q2 earnings of 84 cents per share, beating the analyst consensus estimate of 45 cents. The company also reported quarterly sales of $3.77 billion, surpassing the analyst consensus estimate of $3.65 billion. However, net sales decreased by 8.3%, and the company's shares are trading lower in the after-hours session. Nordstrom also issued full-year 2023 earnings guidance of between $1.80 and $2.20 per share.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 9:15 pm

NEWP

New Pacific Metals (AMEX:NEWP) reported Q4 losses of $(0.01) per share, which is unchanged from the same period last year.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 9:13 pm

MOLN

Molecular Partners (NASDAQ:MOLN) reported a significant decrease in its H1 earnings and sales compared to the same period last year. The company's EPS fell from $4.86 to $(1.05), a decrease of 121.6%, while sales dropped from $195.55M to $3.85M, a decrease of 98.03%.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 9:11 pm

INTU

Intuit Inc. reported Q4 earnings of $1.65 per share, beating the analyst consensus estimate of $1.43. The company also reported quarterly sales of $2.71 billion, beating the analyst consensus estimate of $2.64 billion. Despite these positive results, Intuit's shares fell in after-hours trading. The company also issued guidance for full-year 2024 revenue between $15.89 billion and $16.105 billion, and earnings per share between $16.17 and $16.47.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:51 pm

ULTA

Ulta Beauty Inc reported Q2 revenue of $2.53 billion, a 10.1% YoY increase, beating the consensus estimate of $2.51 billion. The company also reported quarterly earnings of $6.02 per share, surpassing analyst estimates of $5.85 per share. Ulta raised its full-year 2023 revenue and adjusted earnings guidance. The company's shares were up 2.43% after hours.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 8:40 pm