Streetbeat News

Earnings

LUV

Southwest Airlines has announced that it does not anticipate the weather-related disruptions in August 2023 to significantly impact its Q3 2023 financial results. However, the company did note that its close-in leisure bookings for August were on the lower end of its expectations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:43 am

LUV

Southwest Airlines has revised its Q3 operating revenue per available seat mile (RASM) guidance to a year-on-year decrease of 5%-7%, compared to its previous guidance of a 3%-7% decrease. However, the company maintains its previous guidance for Q3 available seat miles, expecting a 12% increase.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:42 am

EXPR

Express Inc. anticipates Q3 net sales to be between $460M and $490M, including $50M in Bonobos net sales. This is lower than the estimated $495.72M. The company also expects an EPS of $(5.50) to $(7.50), which is in line with the estimated $(6.19).

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:39 am

EXPR

Express Inc. has stated that its full-year outlook remains unchanged despite persistently challenging macroeconomic and retail apparel environments.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:36 am

ZFOX

ZeroFox reported better-than-expected Q2 FY24 results and provided above-consensus Q3 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:35 am

EXPR

Express (NYSE:EXPR) reported Q2 adjusted losses of $(9.05) per share, with quarterly sales of $435.34 million, missing the analyst consensus estimate of $440.72 million by 1.22 percent. This represents a 6.36 percent decrease over sales of $464.92 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:33 am

ZFOX

ZeroFox Holdings (NASDAQ:ZFOX) reported Q2 adjusted EPS of $(0.04), beating the analyst consensus estimate of $(0.09) by 55.56%. The company also reported quarterly sales of $62.23M, surpassing the analyst consensus estimate of $51.82M by 20.10%.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:29 am

PLAB

Photronics, Inc. has projected its Q4 revenue for fiscal 2023 to be between $222 million and $232 million, with non-GAAP net income per diluted share expected to range from $0.51 to $0.59. These estimates are slightly below the previous estimate of $231 million in revenue and $0.54 per share.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:26 am

PLAB

Photronics reported Q3 earnings of $0.51 per share, missing the analyst consensus estimate of $0.52 by 1.92%. The company's quarterly sales were $224.21 million, missing the estimate of $230.00 million by 2.52%. However, this represents a 1.94% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:23 am

CNC

Centene Corporation will be presenting at the Wells Fargo 2023 Healthcare Conference today. The company reaffirms its previously issued 2023 adjusted EPS guidance of at least $6.45, slightly below the consensus of $6.5. It also maintains its 2024 adjusted EPS guidance of over $6.60, again slightly below the consensus of $6.69.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:22 am