Streetbeat News

Earnings

ANF

Abercrombie & Fitch (NYSE:ANF) reported Q2 adjusted earnings of $1.10 per share, beating the analyst consensus estimate of $0.17 by 547.06%. This is a 466.67% increase over losses from the same period last year. The company also reported quarterly sales of $935.30 million, beating the analyst consensus estimate of $842.38 million by 11.03%, a 16.17% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:33 am

LANC

Lancaster Colony (NASDAQ:LANC) reported Q4 earnings of $0.33 per share, missing the analyst consensus estimate of $1.29 by 74.42%. This is a 68.87% decrease from the same period last year. The company also reported quarterly sales of $454.66 million, missing the analyst consensus estimate of $481.12 million by 5.50%. This is a 0.50% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:32 am

NMM

Navios Maritime Partners (NYSE:NMM) reported Q2 adjusted earnings of $3.32 per unit, beating the analyst consensus estimate of $2.88 by 15.28%. However, this is a 13.32% decrease from the same period last year. The company also reported quarterly sales of $346.94 million, surpassing the analyst consensus estimate of $318.00 million by 9.10%, and marking a 23.61% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:32 am

NVDA

QQQ

SPY

URBN

Positive expectations for Nvidia Corp.'s Q2 earnings and the recent market pullback are expected to cushion the market on Wednesday. The market is also awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday. Stocks closed mixed on Tuesday, with the Nasdaq Composite Index closing marginally higher, while the S&P 500 Index, Dow Industrials and Russell 2000 Index experienced losses. In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Several companies including Nvidia, Urban Outfitters, Advance Auto Parts, Peloton Interactive, Williams-Sonoma, Foot Locker, Analog Devices, and Kohl's Corp. are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 11:14 am

PTON

Peloton has announced that the cost of its product recall has substantially exceeded initial expectations, leading to an additional accrual of $40M this quarter for actual costs incurred as well as anticipated future recall-related expenses.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:13 am

PTON

Peloton's Q4 average net monthly connected fitness churn rate increased to 1.4% from 1.1% in Q3, but remained flat year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:11 am

PTON

Peloton reported mixed Q4 results and a decline in Connected Fitness subscribers, leading to a drop in its share price. The company also issued a lower than expected Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:10 am

PTON

Peloton has projected its Q1 total revenue to be between $580M and $600M, which is lower than the estimated $655.92M.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:09 am

PTON

Peloton expects its Q1 paid connected fitness subscriptions to be between 2.95 million and 2.96 million.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:09 am

PTON

Peloton's Q4 report shows a 4% YoY growth in Connected Fitness subscriptions, but a QoQ decline of 29,000 due to seasonal slowdown in hardware sales and higher than expected subscription churn.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:08 am