Streetbeat News

Earnings

TLYS

Tilly's, a US-based retail company, has projected its Q3 net sales to be between $166M and $171M, surpassing the estimated $161.9M. However, this translates to an estimated comparable net sales decrease of 5%-8%.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 8:34 pm

FAMI

Farmmi (NASDAQ:FAMI) reported a 233.33% YoY increase in quarterly earnings, with EPS at $0.04, up from a loss of $(0.03) per share last year. Sales also increased by 43.69% YoY to $60.55 million, up from $42.14 million.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 8:31 pm

LOVE

Lovesac has reported preliminary Q2 net sales of $154M, which is higher than the estimated $149.66M.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 8:31 pm

ARCE

Arco Platform (NASDAQ:ARCE) reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $(0.09) by 364.44 percent. This is a 397.5 percent increase over losses of $(0.08) per share from the same period last year. However, the company's quarterly sales of $95.15 million missed the analyst consensus estimate of $101.22 million by 6.00 percent, though it's a 13.27 percent increase over sales of $84.00 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 8:30 pm

DELL

Dell Technologies Inc. reported better-than-expected Q2 earnings, leading to a rise in its stock price in after-hours trading. The company reported earnings of $1.74 per share, beating the analyst consensus estimate of $1.14. Quarterly sales were $22.93 billion, surpassing the analyst consensus estimate of $20.85 billion. Cash flow from operations was $3.2 billion, attributed to working capital improvements, sequential growth, and profitability.

Portfolio Pulse from Ryan Gustafson

August 31, 2023 | 8:29 pm

AVGO

Broadcom's shares are trading lower following the release of its Q3 financial results and guidance. The company's performance and future outlook seem to have disappointed investors, leading to a drop in the stock price.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 8:28 pm

BABA

Susquehanna analyst Shyam Patil reiterated Alibaba Group Holding Limited (NYSE:BABA) with a Positive and a $160 price target. Despite facing macro and pandemic pressures, Alibaba's Q1 results showed solid execution and cost controls. The company's restructuring is seen as a potential long-term value driver. Alibaba's EBITDA surpassed estimates, aided by top-line beat and continued cost controls. The company's cloud business is under pressure due to declining hybrid cloud revenues and project delays. Patil estimates Q2 revenue of RMB 207.176 million and FY23 revenue of RMB 868.687 million.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 8:27 pm

IROQ

IF Bancorp has reported a Q4 earnings of $0.19 per share, marking a 42.42% decrease from the same period last year when it was $0.33 per share.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 8:24 pm

NTNX

Nutanix has projected its Q1 revenue to be between $495M and $505M, which is higher than the estimated $487.22M.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 8:23 pm

NX

Quanex Building Products has increased its full-year adjusted EBITDA guidance to $150M-$155M.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 8:23 pm