Streetbeat News

Earnings

EA

KMB

LOW

ROST

Insiders at Electronic Arts (EA), Lowe's Companies (LOW), Ross Stores (ROST), and Kimberly-Clark (KMB) have recently sold shares. EA's CEO sold 5,000 shares after the company reported better-than-expected earnings and net bookings. Lowe's EVP sold 4,500 shares following the company's better-than-expected Q2 earnings. Ross Stores' CEO sold 43,254 shares after the company reported better-than-expected Q2 results. Kimberly-Clark's Chief Human Resources Officer sold 5,122 shares after the company reported Q2 sales growth of 1% YoY, missing analyst estimates.

Portfolio Pulse from Lisa Levin

August 30, 2023 | 12:54 pm

AMBA

Ambarella, Inc (NASDAQ:AMBA) reported a 23% YoY decrease in Q2 revenue to $62.12 million, beating estimates. However, the company issued weak guidance for Q3, expecting revenue of $50 million, significantly lower than estimates of $67.6 million. Following the announcement, multiple analysts lowered their price targets for AMBA, and the stock price fell by 20.2%.

Portfolio Pulse from Adam Eckert

August 30, 2023 | 12:48 pm

AMBA

Ambarella has issued Q3 revenue guidance that is below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:47 pm

BOX

Box Inc's shares are trading lower after the company reported Q2 earnings and issued weak guidance. Despite beating consensus estimates for Q2 revenue and earnings, the company's outlook for Q3 and full-year revenue and earnings fell short of estimates. Box also announced a $100 million expansion of its stock repurchase program. Following the earnings report, Keybanc and Oppenheimer maintained their ratings but Keybanc lowered its price target, while Craig-Hallum downgraded Box from Buy to Hold.

Portfolio Pulse from Adam Eckert

August 30, 2023 | 12:29 pm

BOX

Box shares are trading lower after the company issued Q3 EPS, Q3 sales and FY24 sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:29 pm

HPQ

HP Inc. has issued its FY23 adjusted EPS guidance below estimates, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:22 pm

EAT

FL

GDEN

JACK

SPWH

The article lists the top 5 oversold consumer stocks that may rise this quarter. These include Foot Locker, Golden Entertainment, Jack in the Box, Brinker International, and Sportsman's Warehouse Holdings. The companies have reported mixed results in their recent earnings, with some missing revenue estimates and others posting weak results due to various factors.

Portfolio Pulse from Lisa Levin

August 30, 2023 | 12:19 pm

PRTG

Portage Biotech (NASDAQ:PRTG) reported a Q1 loss of $(0.33) per share, a 153.85% increase from the $(0.13) per share loss reported in the same period last year.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:17 pm

VRA

Vera Bradley has projected its FY24 earnings per share (EPS) to be between $0.57 and $0.65, compared to the estimated $0.6.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:06 pm

BTCY

Biotricity Inc. (NASDAQ:BTCY), a medical diagnostic and consumer healthcare technology company, reported a record $14 million annualized revenue run rate in August 2023, an increase of over eight percent from the previously announced $13 million run rate. The company's sales growth has been accelerated by better patient outcomes and substantial cost savings, as highlighted in its Corporate Impact Report. The company's Bioflux® cardiac monitoring device identified cardiac events in 4,960 of its 111,552 patients in 2022, leading to early intervention and significant cost savings.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:05 pm