Streetbeat News

Earnings

AEHL

Antelope Enterprise Holdings Limited pre-announced its H1 2023 revenue results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:03 pm

PTON

Peloton's shares are trading higher, rebounding after a drop earlier in the week due to mixed Q4 results.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:01 pm

KSS

Kohl's shares are experiencing a downturn due to ongoing volatility in the retail sector, following the company's Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 4:56 pm

NVDA

SNOW

Snowflake Inc (NYSE:SNOW) exceeded analysts' expectations with its latest quarterly revenue and earnings, with shares rising 3% following the report. The company's results were boosted by increasing data management and storage needs amid the AI hype. Snowflake also announced a partnership with Nvidia (NASDAQ:NVDA) to help enterprises build custom large language AI models. For the quarter ending July 31st, revenue rose about 36% to $674 million, topping Refinitiv’s consensus estimate of $662.2 million. The company expects product revenue for the third quarter to be between $670 million and $675 million.

Portfolio Pulse from Upwallstreet

August 25, 2023 | 4:50 pm

PAGS

PagSeguro's shares are trading higher following the release of their Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 4:49 pm

BURL

M

ROST

WMT

Burlington Stores Inc (BURL) reported Q2 earnings of 60 cents per share, beating the 43 cent estimate, and revenues of $2.175 billion, slightly above the $2.17 billion estimate. However, the company lowered its full-year guidance. Analysts from Telsey Advisory Group, Morgan Stanley, and William Blair maintained an Outperform rating on the stock, but noted that Burlington hasn't fully capitalized on the off-price tailwinds like its peers, particularly Ross Stores Inc (ROST). Other retailers mentioned include Walmart Inc (WMT) and Macy’s Inc (M).

Portfolio Pulse from AJ Fabino

August 25, 2023 | 4:45 pm

BB

CG

BlackBerry Limited (NYSE:BB) stock is trading higher amid reports of a potential takeover offer from Veritas Capital, a Carlyle Group (NASDAQ:CG) company. BlackBerry had previously shared plans to review its portfolio and consider strategic alternatives to boost shareholder value. The company reported Q1 revenue of $373 million, beating the consensus of $160.35 million, and its stock has gained 47% YTD.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 4:40 pm

GTBIF

TCNNF

Green Thumb Industries (OTC:GTBIF) has shown consistent success in generating sufficient Cash Flow from Operations (CFO) to fund the added costs of prohibition, notably 280E tax. As federal laws are expected to change, cash flow profiles among cannabis industry participants will likely improve. In H1:2023, nearly all of GTI's CFO (97%) remains available for its growth. Trulieve (OTC:TCNNF) is also mentioned in the context of estimated tax payments.

Portfolio Pulse from GreenWave Advisors

August 25, 2023 | 4:37 pm

PTON

Peloton Interactive Inc's (NASDAQ:PTON) shares are trading higher by 6.98% despite a lack of company-specific news. This follows the company's mixed fourth-quarter results, which included a decline in Connected Fitness subscribers and soft first-quarter revenue guidance. The company also received several analyst rating updates post the earnings report. PTON reported a 5% YoY sales decline to $642.1 million, beating the consensus of $639.9 million. However, the EPS loss was $(0.68), missing the consensus loss of $(0.38).

Portfolio Pulse from Henry Khederian

August 25, 2023 | 4:32 pm

AFRM

ALLG

DOMO

HE

HIBB

YS

U.S. stocks traded mostly higher with the Dow Jones gaining over 100 points and the S&P 500 also rising. However, the NASDAQ fell slightly. Affirm Holdings, YS Biopharma, and Hibbett saw significant increases in their share prices following positive financial results and insider purchases. Domo, Allego, and Hawaiian Electric Industries saw their shares drop due to lowered guidance, commencement of an exchange offer, and a lawsuit respectively.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 4:12 pm