Streetbeat News

Earnings

COE

51 Talk Online Education (NYSE:COE) reported Q2 adjusted EPS of $(0.01), up from $(0.05) YoY, and sales of $6.30M, up from $3.53M YoY. This represents an 80% increase in EPS and a 78.67% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:35 am

GPS

Gap Inc (NYSE:GPS) reported a Q2 FY23 sales decline of 8% YoY to $3.55 billion, missing the analyst consensus of $3.57 billion. Online sales decreased 11% YoY and constituted 33% of total sales. Adjusted EPS of $0.34 beat the analyst consensus of $0.09. The company expects Q3 net sales to decrease in the low-double-digit range compared to last year's net sales of $4.04 billion. GPS shares closed lower by 1.24% at $9.53 on Thursday.

Portfolio Pulse from Shivani Kumaresan

August 25, 2023 | 11:32 am

Ubiquiti (NYSE:UI) reported Q4 adjusted earnings of $1.73 per share, a 12.34% increase YoY. The company also reported sales of $491.10 million, a 10.82% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:10 am

AFRM

MRVL

NVDA

QQQ

SPY

US stocks are expected to rebound despite investor confusion ahead of Federal Reserve Chair Jerome Powell's Jackson Hole speech. The market's response to Nvidia Corp.'s impressive quarter has been subdued. Stocks declined notably on Thursday, with IT, communication services, and consumer discretionary stocks under severe selling pressure. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.31% and the Invesco QQQ ETF gained 0.10%. Affirm Holdings rallied over 8.60% in premarket trading following the release of its quarterly results, while Marvell Technology fell about 4.50% despite a second-quarter beat. Hawaiian Electric Industries plunged about 22% after S&P downgraded the company.

Portfolio Pulse from Shanthi Rexaline

August 25, 2023 | 11:02 am

AUUD

Auddia Inc. has reported the filing of its delayed 10-Q quarterly report.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:02 am

WDAY

Workday Inc (NASDAQ:WDAY) reported Q2 FY24 revenue growth of 16.3% Y/Y to $1.79 billion, beating the consensus of $1.77 billion. Subscription revenues grew 18.8% Y/Y to $1.62 billion. Adjusted operating income rose to $421.4 million from $301.6 million a year ago. The company raised its FY24 subscription revenue guidance and expects Q3 subscription revenue of $1.678 billion to $1.680 billion (+17% Y/Y).

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 10:42 am

HIBB

Hibbett Sports Inc. has projected its FY24 sales to be flat or increase by up to 2%. The company also expects its FY24 EPS to be between $7.00 and $7.75, compared to the estimated $7.18.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:33 am

HIBB

Hibbett (NASDAQ:HIBB) reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.73 by 16.44%. However, this is a 54.3% decrease from the same period last year. The company's quarterly sales of $374.90 million missed the analyst consensus estimate of $376.11 million by 0.32%, marking a 4.56% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:31 am

DOMO

Domo Inc's shares have fallen by over 30% after the company issued a below-consensus Q3 outlook and lowered its FY24 guidance. Despite reporting a Q2 FY24 revenue growth of 5% Y/Y to $79.7 million, beating the consensus of $78.90 million, and an adjusted EPS loss of $(0.02), better than the consensus loss of $(0.09), the company's outlook for Q3 and FY24 fell short of expectations.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 10:30 am

DOCN

DOMO

DWAC

IDEX

MRVL

OLPX

PAGS

Several stocks are recording losses in today's pre-market trading session. Domo shares tumbled 25.5% after issuing FY24 guidance below estimates. Hawaiian Electric shares dipped 22% as it plans to suspend quarterly cash dividend on common stock from Q3 2023. Ideanomics shares declined 19.5% following a 1-for-125 reverse stock split. PagSeguro Digital fell 6.9% after weaker-than-expected Q2 results. DigitalOcean shares fell 6% as it initiated a CEO search process. Digital World declined 5.1% after receiving a notification from Nasdaq related to delayed quarterly report. Olaplex fell 4.6% after Piper Sandler downgraded it from Neutral to Underweight. Marvell Technology fell 4.4% despite posting upbeat Q2 earnings and issuing Q3 2024 revenue guidance of $1.4 billion.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 10:20 am