Streetbeat News

Earnings

ADSK

Autodesk has provided its Q3 FY24 guidance, expecting EPS to be between $1.97 and $2.03, which is higher than the estimated $1.92. The company also anticipates revenue to be between $1.380 billion and $1.395 billion, matching the estimated $1.38 billion. The outlook considers the current economic and foreign exchange currency rate environment.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:04 pm

AVNW

Aviat Networks reported Q4 earnings of $0.87 per share, beating the analyst consensus estimate of $0.85 by 2.35%. This is a 29.85% increase from the same period last year. The company also reported quarterly sales of $91.20 million, beating the analyst consensus estimate of $88.98 million by 2.49%. This is a 17.80% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:02 pm

ADSK

Autodesk reported Q2 earnings of $1.91 per share, beating the analyst consensus estimate of $1.72 by 11.05%. This is a 15.76% increase from the same period last year. The company also reported quarterly sales of $1.34 billion, beating the analyst consensus estimate of $1.32 billion by 1.89%. This is an 8.73% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:02 pm

NTAP

NetApp reported Q1 adjusted earnings of $1.15 per share, beating the analyst consensus estimate of $1.07 by 7.48%. However, this is a 4.17% decrease from the same period last year. The company also reported quarterly sales of $1.43 billion, surpassing the analyst consensus estimate of $1.41 billion by 1.42%, but this is a 10.18% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:01 pm

CVX

A whale investor has taken a bullish stance on Chevron (NYSE:CVX), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $100.0 to $190.0 for Chevron over the last 3 months. The price of CVX is currently down -0.05% at $158.96. The next earnings are expected to be released in 65 days.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 8:01 pm

CCL

Carnival Corporation (NYSE:CCL) shares are trading higher amid overall market strength and anticipation surrounding NVIDIA's second-quarter earnings report. However, the travel sector, including cruise stocks, may experience volatility due to concerns over a new COVID wave.

Portfolio Pulse from Ryan Gustafson

August 23, 2023 | 7:50 pm

NVDA

Shares of companies in the technology sector are trading higher in anticipation of NVIDIA's earnings report. The sector has been gaining attention due to increased interest in AI this year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:23 pm

PTON

Needham analyst Bernie McTernan reiterated a Buy rating on Peloton Interactive, Inc. (PTON) with a price target of $10. PTON reported a Q4 FY23 sales decline of 5% YoY to $642.1 million, beating the consensus of $639.9 million. However, EPS loss was $(0.68), missing the consensus loss of $(0.38). The analyst notes that lower-than-expected revenue and the reclassification of capex to R&D pressured Q1 guidance. Peloton sees Q1 FY24 revenue of $580 million - $600 million, representing a decline of 4% YoY and 8% QoQ at the midpoint. PTON shares are trading lower by 23.3% to $5.37.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2023 | 7:17 pm

NVDA

NVDS

NVIDIA Corporation (NASDAQ:NVDA) stock rose about 2.5% ahead of its Q2 earnings release. In Q1, Nvidia reported earnings per share of $1.09 on revenues of $7.19 billion, exceeding estimates. For Q2, analysts estimate earnings per share of $2.09 on revenues of $11.22 billion. BMO Capital analyst Ambrish Srivastava maintained an Outperform rating on Nvidia and raised a price target from $450 to $550. Analysts from Keybanc and HSBC also raised their price targets. The AXS 1.25x NVDA Bear Daily ETF (NASDAQ:NVDS) is suggested for short-term traders who believe Nvidia will have a bearish reaction to its earnings.

Portfolio Pulse from Melanie Schaffer

August 23, 2023 | 7:16 pm

SNOW

Snowflake Inc. (NYSE:SNOW) shares are trading higher alongside the broader tech sector, ahead of NVIDIA's earnings report. Snowflake is also set to report second-quarter earnings after the market close, with expected earnings of 10 cents per share and revenue of $662.24 million. Rosenblatt analyst Blair Abernethy reiterated Snowflake with a Neutral and maintained the $170 price target.

Portfolio Pulse from Ryan Gustafson

August 23, 2023 | 7:10 pm