Streetbeat News

Earnings

TIO

Tingo Group has further postponed its Q2 earnings release and the filing of its Form 10-Q for the period ended June 30, 2023. The delay is due to the ongoing independent review of allegations made in the Hindenburg short-seller report.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:57 pm

HD

LOW

Lowe's Companies (NYSE:LOW) is set to report its Q2 financial results. Analysts expect a revenue of $24.99 billion and earnings per share of $4.49. Lowe's has missed revenue estimates in three of the last five quarters but has beaten earnings per share estimates for the past 10 quarters. Home Depot (NYSE:HD) and Lowe's were both downgraded by Telsey Advisory Group from Outperform to Market Perform. Home Depot recently beat analysts' estimates for revenue and earnings per share, and announced a $15 billion share buyback.

Portfolio Pulse from Chris Katje

August 21, 2023 | 8:51 pm

NVDA

The NASDAQ's critical support level broke last week and has not recovered, with the next areas of support being 14400 and 14250. Nvidia's (NASDAQ:NVDA) earnings announcement on Wednesday could be a deciding factor for the NASDAQ's support level, especially following a 2-3% move in NASDAQ futures this week. Nvidia is currently expecting $11 billion in revenue for this quarter, putting considerable pressure on the company to deliver.

Portfolio Pulse from Thrash Capital

August 21, 2023 | 8:50 pm

FN

Fabrinet (NYSE:FN) reported Q4 earnings of $1.86 per share, beating the analyst consensus estimate of $1.80. The company also reported quarterly sales of $655.87 million, beating the analyst consensus estimate of $641.41 million. Fabrinet issued Q1 earnings guidance between $1.83 and $1.90 per share, and revenue between $650 million and $670 million. The company's Board of Directors approved the repurchase of up to an additional $47.6 million of Fabrinet's ordinary shares.

Portfolio Pulse from Ryan Gustafson

August 21, 2023 | 8:45 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) reported better-than-expected Q2 earnings, with a 3.6% YoY increase in revenue to $1.14 billion, beating the consensus estimate of $1.11 billion. The company also reported adjusted earnings of $1.34 per share, surpassing analyst estimates of $1.03 per share. Zoom's operating cash flow was $336 million, up 30.6% YoY. The company expects Q3 revenue to be between $1.115 billion and $1.12 billion, and full-year revenue to be between $4.485 billion and $4.495 billion.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 8:43 pm

FL

KSS

M

ULTA

URBN

The retail sector is preparing for earnings week, with several major companies set to release their quarterly reports. Urban Outfitters, Macy's, Kohl's, Foot Locker, and Ulta Beauty are among the companies that will be reporting. Analysts expect varying performances from these companies, with some showing promising growth and others facing challenges.

Portfolio Pulse from AJ Fabino

August 21, 2023 | 8:35 pm

FFIE

Faraday Future (NASDAQ:FFIE) reported Q2 losses of $(0.10) per share, missing the analyst consensus estimate of $(0.08) by 25 percent. However, this is a 77.27 percent increase over losses of $(0.44) per share from the same period last year.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:34 pm

OCGN

Ocugen (NASDAQ:OCGN) reported Q2 losses of $(0.10) per share, missing the analyst consensus estimate of $(0.07) by 42.86 percent. This represents an 11.11 percent increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:34 pm

CNET

ZW Data Action Tech (NASDAQ:CNET) reported Q2 losses of $(0.19) per share, a 24% improvement from $(0.25) per share YoY. The company's sales also increased by 41.40% to $9.82 million from $6.95 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:32 pm

BATL

Battalion Oil reported Q2 losses of $(0.42) per share, a 4100% decrease YoY. The company's sales also decreased by 46.54% to $54.27M compared to $101.51M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:32 pm