Streetbeat News

Earnings

HTHT

H World Group has announced its interim Q2 results, which has led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 7:13 pm

LULU

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Lululemon Athletica Inc. (NASDAQ:LULU) with a price target of $430. The analyst is optimistic about LULU's Q2 2023 results, expecting a Q2 total sales growth of 16.1% Y/Y to $2.170 billion, and an EPS of $2.52. LULU is also expected to open nine new stores in Q2, with a total of 50 new stores in 2023.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 7:07 pm

ADSK

NVDA

Autodesk Inc (NASDAQ:ADSK) reported a revenue and profit beat in its fiscal second quarter, with revenue rising 9% YoY to $1.35 billion. The company also issued a better-than-expected guidance for the third quarter and full fiscal year 2024. Autodesk's strong performance is attributed to healthy product demand and the company's resilience, discipline, and action upon new opportunities.

Portfolio Pulse from Upwallstreet

August 25, 2023 | 7:00 pm

VSCO

Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on Victoria's Secret & Co. (NYSE:VSCO) with a price target of $21. The analyst expects Q2 EPS of $0.25 vs. $1.09 last year, due to lower traffic, conversion, and AUR in North America and increased promotional activity pressuring margins. Telsey forecasts total sales to decline 5.2% Y/Y to $1.443 billion. The analyst also highlights the management's strategies to drive growth, including a loyalty program and a more efficient store format.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 6:49 pm

ADSK

NOW

ORCL

TEAM

Software stocks are trading higher due to a tech rebound and strong earnings from Autodesk and Intuit. Stocks mentioned include Autodesk (ADSK), ServiceNow (NOW), Oracle (ORCL), and Atlassian (TEAM).

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:48 pm

ADI

ASX

NVDA

Semiconductor and chip stocks are trading higher following NVIDIA's earnings report. The volatility in the market is affecting the stock prices of companies like ADI and ASX.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:45 pm

AFRM

ALLG

DOMO

HIBB

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Affirm Holdings (AFRM), YS Biopharma (YS), and Hibbett (HIBB) shares rose significantly due to positive financial results and insider trading. Domo (DOMO) and Allego (ALLG) shares dropped due to below-consensus outlooks and lowered guidance. Hawaiian Electric Industries (HE) shares fell due to a lawsuit and dividend suspension.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 6:22 pm

HIBB

Hibbett, Inc. reported a Q2 FY23 sales decline of 4.6% YoY to $374.88 million, missing the analyst consensus. However, Telsey Advisory Group analyst Cristina Fernandez reiterated an Outperform rating on the company, with a price target of $60.00. The Q2 gross margin contracted 160 basis points Y/Y to 32.8%, reflecting higher promotional activity and occupancy deleverage, offset by lower freight and logistics costs. Hibbett maintained its 2023 EPS guidance of $7.00-$7.75. HIBB shares are trading higher by 22.87% to $45.29.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 6:20 pm

FSLY

Fastly shares are trading higher, possibly due to strong earnings from Intuit and Workday which may be lifting the software sector.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:12 pm

NVDA

NVIDIA shares are trading lower after a recent surge due to a strong earnings report and positive guidance.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:08 pm