Streetbeat News

Earnings

TD

Toronto-Dominion Bank (TD) reported Q3 FY23 earnings of C$3 billion, down 8% YoY, and adjusted earnings of C$3.7 billion, down 2% YoY. Total revenue grew 17% YoY to C$12.78 billion. The bank also announced a dividend per share of C$0.96 and plans to launch a new normal course issuer bid to repurchase up to 90 million of its common shares. TD shares are trading lower by 1.98% at $60.31.

Portfolio Pulse from Akanksha Bakshi

August 24, 2023 | 1:57 pm

ADSK

Autodesk (NASDAQ:ADSK) reported better-than-expected Q2 results and issued FY24 EPS guidance above estimates. The company's shares gained 4.5% to trade at $213.58 on Thursday. Following the earnings announcement, several analysts revised their price targets on Autodesk, with most raising their targets.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 1:56 pm

FL

Foot Locker Inc (NYSE:FL) reported weaker-than-expected Q2 FY23 sales, leading to a decline of 9.9% YoY to $1.86 billion. The company also lowered its FY23 sales guidance and EPS outlook. Despite this, Foot Locker shares gained 6.3% to trade at $17.69. Analysts from Telsey Advisory Group, Barclays, and Citigroup have lowered their price targets on Foot Locker following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 1:47 pm

TDCX

TDCX shares are trading higher despite the company reporting worse-than-expected Q2 financial results and reducing its 2023 revenue growth guidance. HSBC has upgraded the stock to 'buy' and set a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:43 pm

ASNS

Actelis Networks reported Q2 losses of $(0.68) per share, a 60% improvement from $(1.70) per share YoY. However, sales decreased by 38.46% to $1.90 million from $3.08 million YoY.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:43 pm

BBW

Build-A-Bear Workshop reported better-than-expected Q2 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:34 pm

TUYA

Tuya Inc. reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:33 pm

WOOF

Petco reported its Q2 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:33 pm

DIA

IWM

NVDA

QQQ

SPY

Major indexes are experiencing an increase due to the strong performance of technology, AI, and semiconductor stocks. This surge is attributed to the robust earnings reported by NVIDIA.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:32 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) has released a letter to its shareholders addressing concerns about the ongoing decline in the company's stock price. The company suspects unlawful trading practices and is taking steps to investigate. On the business front, Crown is acquiring new micro trenching equipment for its fiber optics division and has announced two new senior executives. The company also addressed the delay in its earnings due to the complexity of transactions executed in the second quarter as part of its NASDAQ compliance plan.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:31 pm