Streetbeat News

Earnings

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

AAP

Advance Auto Parts reported a decrease of 0.6% in Q2 comparable store sales.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:31 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. The company also reported quarterly sales of $2.39 billion, missing the analyst consensus estimate of $2.66 billion by 10.30%. This is a 10.47% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:31 am

APLS

HKD

TOL

URBN

Several stocks recorded gains in Tuesday's pre-market trading session. Apellis Pharmaceuticals, iTeos Therapeutics, Arcus Biosciences, Hitek Global, AMTD Digital, Manchester United, Arcos Dorados Holdings, Urban Outfitters, VinFast Auto, and Toll Brothers all saw their shares rise. Notable events include Apellis Pharmaceuticals' announcement of rare retinal vasculitis events with SYFOVRE, AMTD Digital's $30 million share repurchase program, Urban Outfitters' better-than-expected Q2 earnings, and Toll Brothers' upbeat Q3 results.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 10:10 am

DY

Dycom Industries, Inc. (NYSE:DY) expects its Q3 organic contract revenues to be flat year over year. The company anticipates approximately $30 million of acquired contract revenues for the quarter ending October 28, 2023. Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to increase 50 to 100 basis points compared to the quarter ended October 29, 2022.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:09 am

BBWI

Bath & Body Works has increased its FY23 adjusted EPS outlook from $2.68-$3.08 to $2.80-$3.10, surpassing the consensus estimate of $2.99.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:09 am

BBWI

Bath & Body Works has revised its FY23 net sales forecast, now expecting a decline of 1.5%-3.5% compared to its previous forecast of flat sales to mid-single digit decline.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:06 am

BBWI

Bath & Body Works has projected a decline in net sales of 2.5%-4.0% for Q3. The company also expects earnings per share (EPS) to be between $0.30 and $0.40, which aligns with the consensus estimate of $0.37.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:04 am

DY

Dycom Industries reported Q2 earnings of $2.03 per share, beating the analyst consensus estimate of $1.66 by 22.29%. This is a 39.04% increase from the same period last year. The company also reported quarterly sales of $1.04 billion, beating the analyst consensus estimate of $1.03 billion by 1.17%. This is a 7.17% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:03 am