Streetbeat News

Earnings

ADI

Analog Devices (NASDAQ:ADI) reported Q3 earnings of $2.49 per share, missing the analyst consensus estimate of $2.52 by 1.19%. The company also reported quarterly sales of $3.08 billion, missing the analyst consensus estimate of $3.10 billion by 0.77%. Both earnings and sales show a decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:01 am

GRAB

Grab Holdings (NASDAQ:GRAB) reported Q2 earnings per share (EPS) of $(0.03), beating the analyst consensus estimate of $(0.05) by 40%. This is an 80% increase over losses from the same period last year. The company also reported quarterly sales of $567.00 million, beating the analyst consensus estimate of $546.12 million by 3.82%. This is a 76.64% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:00 am

NKE

Nike shares are trading lower in sympathy with Foot Locker, which reported a Q2 revenue miss and lowered its guidance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:56 am

FL

Foot Locker reported a 9.4% decline in comparable sales, attributing it to ongoing consumer softness, changing vendor mix, and the repositioning of Champs Sports.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:50 am

FL

Foot Locker reported a Q2 revenue miss and an 11% rise in inventories, leading to a drop in its share price. The company also lowered its gross margin guidance due to more aggressive markdowns.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:49 am

FL

Foot Locker has revised its 2023 sales guidance downwards from a decrease of 6.5-8% to a decrease of 8-9%.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:46 am

FL

Foot Locker reported Q2 earnings of $0.04 per share, in line with analyst consensus. This is a 96.36% decrease from the same period last year. The company's quarterly sales of $1.86 billion missed the analyst consensus estimate of $1.88 billion by 1.01%, marking a 9.88% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:45 am

AAP

Advance Auto Parts reported mixed Q2 earnings, hired a new CEO, and initiated an operational review. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:45 am

AAP

Advance Auto Parts (NYSE:AAP) reported Q2 earnings of $1.43 per share, missing the analyst consensus estimate of $1.66 by 13.86%. This is a 61.76% decrease from the same period last year. However, the company's quarterly sales of $2.69 billion beat the estimate of $2.66 billion by 0.98%, marking a 0.79% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:42 am

AAP

Advance Auto Parts has revised its FY23 outlook. The company now expects revenue to be between $11.25B and $11.35B, up from the previous estimate of $11.2B to $11.3B. However, the EPS forecast has been lowered to $4.50 - $5.10 from the previous $6.00 - $6.50. Comparable store sales are expected to be between (0.5%) and 0.5%, an improvement from the previous forecast of (1%) to flat.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:34 am