Streetbeat News

Earnings

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported Q2 earnings of 33 cents per share, beating the analyst consensus estimate of 32 cents, but marking a 42.11% decrease YoY. The company also reported quarterly sales of $1.34 billion, beating the analyst consensus estimate of $1.33 billion, but showing an 11.67% decrease YoY. Marvell issued Q3 2024 revenue guidance of $1.4 billion plus or minus 5%, versus the $1.39 billion estimate. Despite these results, MRVL shares were down 3.54% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:29 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower, down nearly 30% since the company reported its Q2 earnings in early August. Despite beating analyst consensus estimates for both losses per share and sales, the stock has continued to trend lower.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:29 pm

AFRM

Affirm Holdings Inc (NYSE:AFRM) reported better-than-expected Q4 results, with a 22% YoY increase in revenue to $445.82 million, beating the consensus estimate of $406.26 million. The company also reported a smaller loss than expected. Affirm's gross merchandise volume rose 25% YoY to $5.5 billion, and active consumers increased by 18%. The company ended the quarter with $2.1 billion in cash and available-for-sale securities. Affirm expects Q1 revenue to be between $430 million and $455 million, and aims to achieve full-year profitability on an adjusted operating income basis in fiscal year 2024.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 8:24 pm

DOMO

Domo Inc. has issued Q3 and FY24 EPS and sales guidance below estimates, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:22 pm

MRVL

Marvell Technology has projected its Q3 2024 net revenue to be around $1.4 billion, which is a slight increase compared to the estimated $1.39 billion.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:22 pm

AFRM

Affirm reported better-than-expected Q4 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:20 pm

INTU

Intuit shares are trading lower following the company's Q4 financial results and issued guidance.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:18 pm

MOLN

Molecular Partners (NASDAQ:MOLN) reported a 5.02% YoY increase in quarterly earnings, with EPS at $5.10, up from $4.86. Sales also increased by 4.92% YoY to $205.17 million, up from $195.55 million.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:18 pm

WDAY

Workday Inc. reported better-than-expected Q2 financial results and raised its FY24 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:17 pm

GPS

Gap Inc. expects its fiscal 2023 net sales to decrease in the mid-single digit range compared to last year's net sales of $15.6 billion.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:16 pm