Streetbeat News

Earnings

OPRA

Opera Limited reported Q2 FY23 revenue growth of 21% YoY to $94.13 million, beating consensus estimates. However, its adjusted EPS of $0.15 missed the consensus of $0.16, leading to a 5.10% drop in premarket trading. The company also announced the roll-out of its AI chatbot 'Aria' to Opera GX in Q3.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:38 pm

GES

Guess? Inc's shares are trading higher by around 17% after it reported better-than-expected Q2 FY24 results and revised FY24 guidance. Net revenue rose 3% Y/Y to $664.5 million, beating the consensus of $640.5 million. Adjusted operating income rose 17% Y/Y to $65.0 million, with margins expanding to 9.8% from 8.7% a year ago. The Board of Directors approved a quarterly dividend per share of $0.30. For FY24, GES revised the outlook for revenue growth to 2.5%-4.0% and raised expectations for adjusted operating margin to 9.0%-9.4% and adjusted EPS to $2.88-$3.08.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 12:38 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has secured a two-year contract with the Tennessee Valley Authority (TVA) to supply a range of EV charging solutions for public and commercial fleet applications. This follows Blink's Q2 2023 earnings release, which saw total revenues increase to nearly $33 million for the quarter. The company also raised its 2023 revenue target from $100 - $110 million to $110 - $120 million.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 12:28 pm

GES

NVDA

TSHA

NVIDIA, Guess?, and Taysha Gene Therapies shares are trading higher. NVIDIA reported better-than-expected Q2 results, issued Q3 revenue guidance above estimates, and approved an additional $25 billion in share repurchases. Guess? also reported better-than-expected Q2 results and issued FY24 EPS guidance above estimates. Taysha Gene Therapies received Fast Track Designation from the U.S. FDA for TSHA-102 in Rett Syndrome.

Portfolio Pulse from ryanfaloona@benzinga.com

August 24, 2023 | 12:25 pm

WOOF

Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares dropped by around 13% after the company reported Q2 FY23 results and lowered the FY24 EPS outlook. Q2 sales were $1.53 billion, up 3.4% Y/Y, driven by strength in the consumables business and services & other business. However, adjusted net income decreased to $16.3 million from $43.5 million in the prior-year quarter. The company also initiated a cost action plan, expecting annualized gross run-rate cost savings of $150 million by the end of FY25.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 12:24 pm

OSIS

OSI Systems expects its earnings per share (EPS) to grow by more than 25% and sales to increase by over 18% in FY24.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:20 pm

BABA

WB

Weibo Corp reported a 2% YoY decline in Q2 FY23 revenue to $440.2 million, slightly missing the consensus of $440.9 million. Advertising and marketing revenues were flat YoY at $385.7 million, while VAS revenues decreased 16% YoY to $54.6 million. Monthly active users increased by 17 million YoY to 599 million in June 2023. The company elected Mr. Bo Liu, President of Alibaba Group's Taobao and Tmall Group, as a director.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:19 pm

OSIS

OSI Systems reported Q4 adjusted earnings of $2.66 per share, beating the analyst consensus estimate of $2.53 by 5.14%. This is a 35.71% increase from the same period last year. The company also reported quarterly sales of $411.87 million, beating the analyst consensus estimate of $384.46 million by 7.13%. This is a 22.28% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:16 pm

DLTR

Dollar Tree Inc (NASDAQ:DLTR) reported Q2 FY23 sales growth of 8.2% YoY to $7.33 billion, beating the analyst consensus. Same-store sales increased 6.9%, with Dollar Tree and Family Dollar seeing increases of 7.8% and 5.8% respectively. Gross profit for the quarter gained 0.5% YoY to $2.13 billion, but operating income plunged 43.1% to $287.8 million. The company raised its FY23 sales guidance and tightened its EPS outlook. Despite the positive results, DLTR shares are trading lower by 6.67% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 12:15 pm

DAO

NTES

NetEase, Inc reported Q2 FY23 revenue growth of 3.7% to $3.31 billion, missing the consensus of $3.46 billion. Games and related services revenues grew 3.6% to $2.59 billion. Youdao, Inc revenue climbed by 26.2% to $166.4 million. Cloud Music's revenues were $268.7 million, down by 11.1%. Innovative businesses and other revenue rose 9.9% to $283.7 million. NetEase held $13.7 billion in cash and equivalents and generated $1.1 billion in operating cash flow. The board approved a dividend of $0.5250 per ADS for Q2.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:14 pm