Streetbeat News

Earnings

LFCR

Lifecore Biomedical (NASDAQ:LFCR) reported Q4 losses of $(0.11) per share, beating the analyst consensus estimate of $(0.37) by 70.27%. This is a 1000% decrease over losses from the same period last year. The company also reported quarterly sales of $31.55 million, beating the analyst consensus estimate of $29.02 million by 8.70%. However, this is a 33.76% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:42 am

OLLI

Ollie's Bargain Outlet has raised its FY2023 adjusted EPS guidance from $2.56 - $2.65 to $2.65 - $2.74, and its sales guidance from $2.05B - $2.07B to $2.076B - $2.091B. The company also expects to open 44 new stores, increase comparable store sales by 4.0% to 4.5%, and maintain a gross margin of 39.1% to 39.3%.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:35 am

CD

Chindata Group Holdings has projected its FY23 revenues to be between RMB5.88B and RMB6.08B, indicating a year-on-year growth of 29.2%-33.6%. The company also expects its adjusted EBITDA to be between RMB3.10 billion and RMB3.220 billion, a 31.0%-35.6% increase over the full year of 2022.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:34 am

CD

Chindata Group Holdings (NASDAQ:CD) reported a 20% decrease in Q2 GAAP EPADS to $0.08 per share from $0.10 YoY. However, the company's sales increased by 38.26% to $214.28M from $154.98M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:33 am

OLLI

Ollie's Bargain Outlet reported a 7.9% increase in Q2 comparable store sales, up from a 1.2% increase in the prior year. The company also opened six new stores, bringing the total to 482 stores in 29 states, a 7.3% increase in store count year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:32 am

OLLI

Ollie's Bargain Outlet (NASDAQ:OLLI) reported Q2 earnings of $0.67 per share, beating the analyst consensus estimate of $0.61 by 9.84%. This is a 204.55% increase from the same period last year. The company also reported quarterly sales of $514.51 million, beating the analyst consensus estimate of $499.00 million by 3.11%. This is a 13.71% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:30 am

CPB

Campbell Soup Company (CPB) has projected its net sales for FY24 to be down 0.5% to up 1.5%. The company also estimates its adjusted EPS to be between $3.09 and $3.15, compared to the estimated $3.09.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:19 am

CRM

OKTA

PLTR

QQQ

SPY

Wall Street stocks are expected to open mixed after four consecutive sessions of gains. Traders are eyeing key economic data, including the personal income and spending report for July. Morgan Stanley's Lisa Shalett highlighted three risks that necessitate caution among investors: surging real Treasury rates, deteriorating Chinese economic growth, and mixed U.S. economic data. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.13% and the Invesco QQQ ETF edged down 0.03%. Salesforce, Okta, Chewy, Victoria’s Secret, and Five Below reacted to earnings, while Palantir fell following a bearish recommendation from Morgan Stanley.

Portfolio Pulse from Shanthi Rexaline

August 31, 2023 | 11:17 am

CPB

Campbell Soup (NYSE:CPB) reported Q4 adjusted earnings of $0.50 per share, meeting analyst consensus. This is a 10.71% decrease from the same period last year. The company's quarterly sales of $2.07 billion beat the analyst consensus estimate of $2.06 billion by 0.49%, marking a 4.18% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:16 am

MOMO

Hello Group Inc (NASDAQ:MOMO) reported a Q2 FY23 net revenue growth of 0.9% YoY to $432.7 million, surpassing the consensus of $416.8 million. However, the company saw a decline in Monthly Active Users (MAU) on the Tantan application and total paying users of its Momo app. The company's Q3 revenue outlook is lower than the consensus estimate.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 11:16 am