Streetbeat News

Earnings

NVDA

TSLA

Nvidia Corp. (NASDAQ:NVDA) shares showed a muted reaction to its outstanding Q2 results as investors were cautious ahead of Federal Reserve Chair Jerome Powell's speech. Nvidia issued an upbeat Q3 guidance, leading to analysts revising their fiscal year 2024 estimates for the company. The current consensus earnings per share estimate for the year is $16.68. The stock's P/E multiple is at 28.28, which is significantly lower than Tesla, Inc.'s (NASDAQ:TSLA) forward P/E multiple of 48.13. Analysts suggest that Nvidia could be a bargain buy and has more room to grow due to the AI revolution.

Portfolio Pulse from Shanthi Rexaline

August 25, 2023 | 6:22 am

HIBB

Hibbett, Inc. (NASDAQ:HIBB) is expected to report a sharp decline in Q2 earnings, with analysts predicting earnings of 73 cents per share, down from $1.86 per share a year ago. The company's revenue is also expected to decrease to $376.11 million from $392.81 million. Hibbett shares fell 1.8% to close at $36.86 on Thursday. Analysts from Baird, Williams Trading, and B. Riley Securities have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 6:13 am

HTHT

H World has raised its revenue growth expectations for Q3 2023 to 43%-47% YoY, up from the previous guidance. The company also increased its full-year 2023 revenue growth forecast to 48%-52% YoY, up from the previous 42%-46%. The growth rates excluding DH are even higher.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:12 am

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

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