Streetbeat News

Earnings

ROST

Ross Stores has projected its Q3 earnings per share (EPS) to be between $1.16 and $1.21, which aligns with the estimated $1.16.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:04 pm

RRGB

Red Robin Gourmet Burgers (NASDAQ:RRGB) reported Q2 adjusted losses of $(0.24) per share, beating the analyst consensus estimate of $(0.54) by 55.56%. The company also reported quarterly sales of $298.60 million, surpassing the analyst consensus estimate of $295.26 million by 1.13%. Both figures represent an increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:03 pm

AMAT

Applied Mat reported Q3 earnings of $1.90 per share, beating the analyst consensus estimate of $1.74 by 9.2%. However, this is a 2.06% decrease from the same period last year. The company also reported quarterly sales of $6.42 billion, surpassing the analyst consensus estimate of $6.16 billion by 4.3%, but marking a 1.46% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:03 pm

ROST

Ross Stores reported Q2 earnings of $1.32 per share, beating the analyst consensus estimate of $1.16 by 13.79%. This is an 18.92% increase from the same period last year. The company also reported quarterly sales of $4.90 billion, beating the analyst consensus estimate of $4.75 billion by 3.16%. This is a 6.92% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:01 pm

DLO

DLocal Limited (NASDAQ:DLO) reported better-than-expected Q2 financial results and reaffirmed its full-year 2023 revenue guidance. Despite this, DLO shares traded lower on Thursday. Goldman Sachs analyst Tito Labarta maintained a Buy rating on DLO and raised the price target from $21 to $24.

Portfolio Pulse from Ryan Gustafson

August 17, 2023 | 7:45 pm

COHR

Coherent Corp. (NYSE:COHR) shares are trading higher despite a drop after the company posted Q4 results and issued Q1 and full-year 2024 outlook below estimates. The company beat Q4 earnings and sales estimates but issued lower than expected guidance for Q1 and full-year 2024. Several analysts lowered their price targets on Coherent, but the stock has rebounded over 2%.

Portfolio Pulse from Ryan Gustafson

August 17, 2023 | 7:35 pm

WMT

Walmart's shares are trading lower despite the company reporting better than expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:31 pm

AMD

Shares of Advanced Micro Devices (AMD) are trading lower due to weakness in the semiconductor sector following Wolfspeed's earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:26 pm

WSM

Wedbush analyst Seth Basham has reiterated a Neutral rating on Williams-Sonoma, Inc. (WSM) with a price target of $120. Despite low investor expectations, Basham sees potential for an earnings beat in the company's Q2 2023 report due to tight expense management. However, sales pressures, particularly for the West Elm brand, are expected to continue. The analyst also expects WSM to reduce its FY23 revenue growth guidance by ~300 bps due to macro headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 7:18 pm

WOLF

Wolfspeed reported mixed Q4 financial results and issued Q1 adjusted EPS guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:01 pm