Streetbeat News

Earnings

CTLT

Catalent has projected its FY24 revenue to be between $4.30B and $4.50B, which is higher than the estimated $4.21B. The company also expects its adjusted net income to be between $113M and $175M, and adjusted EBITDA to be between $680M and $760M.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:09 am

BBY

Best Buy's Q2 FY24 report shows a decrease in comparable sales across the board. Enterprise comparable sales dropped by 6.2%, domestic comparable sales by 6.3%, international comparable sales by 5.4%, and domestic comparable online sales by 7.1%. Revenue also decreased from $10,329 million in Q2 FY23 to $9,583 million in Q2 FY24.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:09 am

MBUU

Malibu Boats anticipates a decline in net sales in the mid-to-high teens percentage year-over-year for the full fiscal year 2024. The company also expects its Adjusted EBITDA margin to decrease by 300-400 basis points year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:08 am

BIG

Big Lots expects Q3 comps to be down in the low-teen range, a modest improvement from Q2. The company is not providing EPS guidance at this point. For Q4, Big Lots expects comp sales to improve and be in high-single-digits, with the gross margin rate expected to improve to a rate into the high-30s range due to more normalized markdown activity, lower freight costs, and cost reduction and productivity initiatives.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:08 am

NIO

Chinese electric vehicle startup Nio, Inc. reported Q2 revenue and bottom line results that trailed the consensus forecast, reflecting a decline in vehicle sales and margin contraction amid a tough pricing environment. The company's stock was down 2.36% in premarket trading. However, Nio is guiding to strong growth in deliveries and revenue for Q3.

Portfolio Pulse from Shanthi Rexaline

August 29, 2023 | 11:07 am

BBY

Best Buy has revised its FY2024 guidance, tightening its adjusted EPS guidance from $5.70-$6.50 to $6.00-$6.40, and lowering its sales guidance from $43.80B-$45.20B to $43.80B-$44.50B. The company expects a comparable sales decline of 4.5% to 6.0%, and capital expenditures of approximately $850 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:07 am

BIG

Big Lots reported Q2 losses of $(3.24) per share, beating the analyst consensus estimate of $(4.12) by 21.36%. The company's quarterly sales were $1.14 billion, surpassing the analyst consensus estimate of $1.10 billion by 3.55%. However, this represents a 42.11% decrease in EPS and a 15.38% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:06 am

SJM

JM Smucker has increased its FY24 adjusted EPS guidance from $9.20-$9.60 to $9.45-$9.85, surpassing the consensus estimate of $9.39.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:05 am

CTLT

Catalent (NYSE:CTLT) reported Q4 adjusted earnings of $0.09 per share, missing the analyst consensus estimate of $0.10 by 10 percent. This is a 91.67 percent decrease from the same period last year. The company's quarterly sales of $1.07 billion beat the analyst consensus estimate of $1.05 billion by 1.71 percent, but this is a 17.02 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:05 am

BBY

Best Buy Co reported Q2 earnings of $1.22 per share, beating the analyst consensus estimate of $1.06 by 15.09%. However, this is a 20.78% decrease from the same period last year. The company also reported quarterly sales of $9.58 billion, beating the estimate of $9.52 billion by 0.66%, but this is a 7.22% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:04 am