Streetbeat News

Earnings

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

PAGS

PagSeguro Digital (NYSE:PAGS) reported Q2 earnings of $0.24 per share, missing the analyst consensus estimate of $0.26 by 7.69%. This is a 4% decrease from the same period last year. The company also reported quarterly sales of $772.92M, missing the analyst consensus estimate of $802.00M by 3.63%. This is a 3.04% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:35 pm

DHC

Diversified Healthcare Trust (DHC) has provided an update on its Senior Housing Operating Portfolio (SHOP) segment, revealing a July 2023 occupancy of 79.0%, 750 basis points below July 2019, but 30 basis points above June 2023. The company's President and CEO, Jennifer Francis, stated that the outlook for SHOP for the second half of the year remains uncertain due to expected higher expenses. She reiterated that the previously announced merger with Office Properties Income Trust is the best path forward for DHC.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:30 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported Q2 earnings of 33 cents per share, beating the analyst consensus estimate of 32 cents, but marking a 42.11% decrease YoY. The company also reported quarterly sales of $1.34 billion, beating the analyst consensus estimate of $1.33 billion, but showing an 11.67% decrease YoY. Marvell issued Q3 2024 revenue guidance of $1.4 billion plus or minus 5%, versus the $1.39 billion estimate. Despite these results, MRVL shares were down 3.54% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:29 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower, down nearly 30% since the company reported its Q2 earnings in early August. Despite beating analyst consensus estimates for both losses per share and sales, the stock has continued to trend lower.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:29 pm

AFRM

Affirm Holdings Inc (NYSE:AFRM) reported better-than-expected Q4 results, with a 22% YoY increase in revenue to $445.82 million, beating the consensus estimate of $406.26 million. The company also reported a smaller loss than expected. Affirm's gross merchandise volume rose 25% YoY to $5.5 billion, and active consumers increased by 18%. The company ended the quarter with $2.1 billion in cash and available-for-sale securities. Affirm expects Q1 revenue to be between $430 million and $455 million, and aims to achieve full-year profitability on an adjusted operating income basis in fiscal year 2024.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 8:24 pm

DOMO

Domo Inc. has issued Q3 and FY24 EPS and sales guidance below estimates, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:22 pm

MRVL

Marvell Technology has projected its Q3 2024 net revenue to be around $1.4 billion, which is a slight increase compared to the estimated $1.39 billion.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:22 pm