Streetbeat News

Earnings

GTLB

GitLab's shares are trading higher after the company reported better-than-expected Q2 results. GitLab also issued strong guidance for Q3 and FY24.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:00 pm

F

Former Ford Motor Company CEO Mark Fields compared the soaring prices in the car market to those of the housing industry, stating that one needs to make over $100,000 a year to afford a new car. The average new car loan now averages about $760 per month, a 35% increase from 2020. Ford shares are currently trading at $12.06 with a yield of 4.94%. To earn $500 per month from the stock, one would need to buy about 10,071 shares, costing about $121,457.

Portfolio Pulse from AJ Fabino

September 05, 2023 | 8:44 pm

HGV

Hilton Grand Vacations (HGV) estimates that the impact to Q3 2023 will be $20M-$25M in contract sales and $12M-$15M in adjusted EBITDA.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:34 pm

HA

Hawaiian Holdings Inc has updated its Q3 and full-year forecasts. The company expects Q3 ASMs to increase by 4.0% to 5.5%. It also anticipates its capacity for the year ending December 31, 2023, to rise by approximately 8%-10%. Additionally, the company predicts its gallons of jet fuel consumed for the same period to increase by around 12.5%-14.5%.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:29 pm

ZS

Zscaler Inc's Q4 revenue increased by 43% YoY to $455.01 million, beating the consensus estimate of $430.42 million. The company reported quarterly earnings of 64 cents per share, surpassing analyst estimates of 49 cents per share. Zscaler also provided strong guidance for the fiscal first quarter and full year, with revenue and earnings per share expected to exceed estimates. The company's shares were trading higher after hours.

Portfolio Pulse from Adam Eckert

September 05, 2023 | 8:28 pm

HGV

Hilton Grand Vacations (HGV) has provided an update on the impact of the Maui wildfires on its operations. The company anticipates a significant decline in contract sales activity at its Maui properties for the rest of the year. It estimates that the impact to Q3 2023 will be $20 to $25 million in contract sales and $12 to $15 million in Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:23 pm

BOTZ

GOOGL

INTC

IRBO

MSFT

ROBO

A report by Wall Street Zen reveals that companies mentioning AI during their earnings calls performed better than those that didn't. Alphabet, Microsoft, and Intel topped the list of companies using the term 'artificial intelligence' the most times during Q2 earnings season. However, while companies performed better immediately after mentioning AI, ETFs covering the AI sector have been in decline in the weeks following the latest earnings round.

Portfolio Pulse from Natan Ponieman

September 05, 2023 | 8:18 pm

MITK

Mitek Systems has increased its fiscal 2023 guidance from $169 million to $171 million, which is an 18% increase year over year. The company also expects its non-GAAP operating margin for fiscal 2023 to be between 30.0% and 31.0%.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:18 pm

MITK

Mitek Systems (NASDAQ:MITK) reported Q1 earnings of $0.31 per share, a 40.91% increase YoY. The company also reported $45.70 million in sales, a 40.73% increase YoY.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:17 pm

AVAV

AeroVironment has provided its FY24 adjusted EPS guidance in the range of $2.30-$2.60, which is lower than the estimated $2.60. The company also expects its revenue to be between $645M-$675M, compared to the estimated $655.88M.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:13 pm