Streetbeat News

Earnings

ADBE

Adobe Inc. (NASDAQ:ADBE) shares are trading higher as tech and AI-related stocks gain ahead of NVIDIA's earnings report. The anticipation of NVIDIA's second-quarter earnings report is driving markets higher, specifically tech and AI-related stocks. Shares of ADBE were up 2.81% at $534.10 at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 23, 2023 | 8:07 pm

SNOW

Snowflake has reported its Q2 diluted adjusted EPS at $0.22.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:07 pm

SPLK

Splunk (NASDAQ:SPLK) reported Q2 losses of $(0.38) per share, missing the analyst consensus estimate of $0.45 by 184.44%. This is a 522.22% decrease from the same period last year. However, the company's quarterly sales of $910.59 million beat the analyst consensus estimate of $885.97 million by 2.78%, marking a 14.00% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:07 pm

ADSK

Autodesk reported better-than-expected Q2 financial results and issued Q3 and FY24 EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:06 pm

SNOW

Snowflake (NYSE:SNOW) reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.10 by 150%. This is a 2400% increase from the same period last year. The company also reported quarterly sales of $674.02 million, beating the analyst consensus estimate of $662.24 million by 1.78%, a 35.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:06 pm

ADSK

Autodesk has released its FY24 guidance, predicting EPS of $7.30-$7.49, compared to an estimate of $7.28, and revenue of $5.405B-$5.455B, compared to an estimate of $5.41B. The company expects billings to be down 12%-11% and revenue to be up 8%-9%. The GAAP and non-GAAP operating margins are expected to remain flat year over year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:05 pm

NTAP

NetApp has reiterated its financial guidance for FY24, expecting an adjusted EPS of $5.65-$5.85. The consensus estimate stands at $5.71.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:04 pm

ADSK

Autodesk has provided its Q3 FY24 guidance, expecting EPS to be between $1.97 and $2.03, which is higher than the estimated $1.92. The company also anticipates revenue to be between $1.380 billion and $1.395 billion, matching the estimated $1.38 billion. The outlook considers the current economic and foreign exchange currency rate environment.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:04 pm

AVNW

Aviat Networks reported Q4 earnings of $0.87 per share, beating the analyst consensus estimate of $0.85 by 2.35%. This is a 29.85% increase from the same period last year. The company also reported quarterly sales of $91.20 million, beating the analyst consensus estimate of $88.98 million by 2.49%. This is a 17.80% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:02 pm

ADSK

Autodesk reported Q2 earnings of $1.91 per share, beating the analyst consensus estimate of $1.72 by 11.05%. This is a 15.76% increase from the same period last year. The company also reported quarterly sales of $1.34 billion, beating the analyst consensus estimate of $1.32 billion by 1.89%. This is an 8.73% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:02 pm