Streetbeat News

Earnings

HIBB

Hibbett Sports, Inc. reported mixed Q2 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:29 pm

AFRM

Affirm reported better-than-expected Q4 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:26 pm

MRVL

Marvell Tech reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:26 pm

WDAY

Workday Inc. reported better-than-expected Q2 financial results and raised its FY24 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:25 pm

HEINY

Heineken NV has closed the sale of its Russian operations to Arnest Group, taking a non-cash exceptional loss of €300 million. The company sold the Russian business for €1 and transferred all remaining assets, including seven breweries. Heineken expects the deal to have a negligible impact on diluted EPS and no impact on the FY23 outlook. The company's H1 2023 revenue grew by 6.3% Y/Y to €17.44 billion, but EPS declined by 7.3% Y/Y to €2.04.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 12:14 pm

AKBA

Akebia Therapeutics reported Q2 losses of $(0.06) per share, missing the analyst consensus estimate of $(0.02) by 200 percent. This is a 140 percent decrease from the same period last year. The company also reported quarterly sales of $56.38 million, missing the analyst consensus estimate of $59.10 million by 4.61 percent, a 55.53 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:11 pm

AKBA

COE

HIBB

Hibbett (HIBB), 51 Talk Online Education (COE), and Akebia Therapeutics (AKBA) are scheduled to report their earnings on August 25, 2023. Hibbett is expected to report earnings of $0.73 per share on revenue of $376.11 million. Akebia Therapeutics is likely to report a quarterly loss of $0.02 per share on revenue of $59.10 million. No specific figures were provided for 51 Talk Online Education.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 11:39 am

COE

51 Talk Online Education (NYSE:COE) reported Q2 adjusted EPS of $(0.01), up from $(0.05) YoY, and sales of $6.30M, up from $3.53M YoY. This represents an 80% increase in EPS and a 78.67% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:35 am

GPS

Gap Inc (NYSE:GPS) reported a Q2 FY23 sales decline of 8% YoY to $3.55 billion, missing the analyst consensus of $3.57 billion. Online sales decreased 11% YoY and constituted 33% of total sales. Adjusted EPS of $0.34 beat the analyst consensus of $0.09. The company expects Q3 net sales to decrease in the low-double-digit range compared to last year's net sales of $4.04 billion. GPS shares closed lower by 1.24% at $9.53 on Thursday.

Portfolio Pulse from Shivani Kumaresan

August 25, 2023 | 11:32 am

UI

Ubiquiti (NYSE:UI) reported Q4 adjusted earnings of $1.73 per share, a 12.34% increase YoY. The company also reported sales of $491.10 million, a 10.82% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:10 am