Streetbeat News

Earnings

EL

Estee Lauder Co's executive has reported that the company's retail sales trends have deteriorated and turned steeply negative in May and June, according to Reuters.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 1:57 pm

FTCH

Farfetch reported mixed Q2 financial results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:26 pm

VIPS

Vipshop shares are trading lower following the release of the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:23 pm

TGT

WMT

Walmart Inc (WMT) reported solid Q2 earnings, gaining broad market share and showing momentum in key growth initiatives. Analysts from KeyBanc Capital Markets, Telsey Advisory Group, and Morgan Stanley maintained positive ratings and raised price targets. However, Walmart's shares declined by 0.31% in premarket trading.

Portfolio Pulse from Priya Nigam

August 18, 2023 | 1:22 pm

GASS

StealthGas (NASDAQ:GASS) reported Q2 adjusted earnings of $0.28 per share, a decrease of 6.67% YoY. The company's quarterly sales were $36.67 million, beating the analyst consensus estimate of $35.00 million by 4.78%, but showing a decrease of 6.63% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:15 pm

IZEA

LFLY

SLGG

Several communication services stocks experienced significant movement in Friday's pre-market session. Leafly Holdings, Super League Gaming, Spark Networks, Starbox Group Hldgs, Lytus Technologies Hldgs, and Charge Enterprises saw gains, while IZEA Worldwide, Tremor Intl, Kubient, Grindr, and Mobile Global Esports experienced losses. Q2 earnings reports were recently released for several of these companies.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 1:06 pm

FA

GTEC

LASE

RCRT

The article lists 12 industrial stocks that moved in Friday's pre-market session. Greenland Technologies, Laser Photonics, AgEagle Aerial Sys, Sidus Space, Blue Bird, and Corporacion America were the gainers. Recruiter.Com Group, First Advantage, Graphex Gr, Freight Technologies, Nocera, and Gaucho Group Holdings were the losers. Most of the companies had recently released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 1:06 pm

AXTI

CAN

KEYS

WETG

In Friday's pre-market session, several IT stocks showed significant movement. AXT, WeTrade Group, Aeva Technologies, Dolby Laboratories, Argo Blockchain, and ComSovereign Holding saw gains, while Canaan, Keysight Techs, Datasea, Zuora, BILL Holdings, and Iris Energy experienced losses. Keysight Techs and BILL Holdings' losses followed their Q3 and Q4 earnings reports, respectively.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 1:06 pm

BKE

Buckle, Inc. (NYSE:BKE) reported a 3.2% YoY decrease in Q2 FY23 sales to $292.43 million, beating the analyst consensus of $290.36 million. Comparable store net sales and online sales also fell by 3.3% and 5.6% respectively. Gross profit fell 4.8% YoY to $138.41 million, and operating income decreased 13.6% to $56.76 million. Net income was $45.6 million, lower than $50.1 million a year ago. EPS of $0.92 beat the analyst consensus of $0.81.

Portfolio Pulse from Nabaparna Bhattacharya

August 18, 2023 | 1:05 pm

BILL

BILL shares are trading lower following the release of their Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:00 pm