Streetbeat News

Earnings

LOVE

Lovesac (LOVE) has announced that its financial statements for FY 2023, included in the annual report on Form 10-K for the fiscal year ended January 29, 2023, should no longer be relied upon.

Portfolio Pulse from Charles Gross

August 16, 2023 | 9:02 pm

WOLF

Wolfspeed, Inc. (NYSE:WOLF) reported mixed Q4 results and lowered Q1 EPS guidance, causing its shares to trade lower in the after-hours session. The company reported Q4 losses of 42 cents per share, missing the analyst consensus estimate of losses of 20 cents. However, its Q4 sales of $235.8 million beat the analyst consensus estimate of $222.82 million. Wolfspeed anticipates Q1 EPS to be between losses of 75 cents and 60 cents, lower than the Street estimate of losses of 29 cents.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 8:57 pm

CSCO

Cisco Systems, Inc. reported better-than-expected Q4 earnings, leading to a rise in its shares in the after-hours session. The company reported earnings of $1.14 per share, beating the analyst consensus estimate of $1.06. Revenues of $15.20 billion also surpassed the analyst consensus estimate of $15.05 billion, marking a 16.01% increase over the same period last year. Total software revenue and software subscription revenue were up 17% and 20% year-over-year respectively. The company estimates full-year 2024 earnings per share to be between $4.01 and $4.08, and revenue to be between $57 billion and $58.2 billion.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 8:44 pm

PBFS

Pioneer Bancorp (NASDAQ:PBFS) reported Q4 earnings of $0.18 per share, an 80% increase YoY. The company also reported $19.36 million in sales, a 28.61% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:35 pm

SNPS

Synopsys reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:33 pm

CSCO

Cisco Systems reported Q4 financial results and issued Q1 and FY24 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:32 pm

SRFM

Surf Air Mobility has reported its Q2 results, delivering GAAP Q2 revenue of $6.2M for Surf Air and $22.4M for Southern. The results are in line with the flash expectations provided on July 12, 2023. The company recently went public through a direct listing on the NYSE.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:25 pm

PYCR

Paycor (PYCR) shares are trading lower following the release of the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:23 pm

KULR

KULR Technology reported its Q2 financial results and announced a proposed public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:22 pm

PYCR

Paycor HCM (NASDAQ:PYCR) reported Q4 earnings of $0.08 per share, beating the analyst consensus estimate of $0.06 by 33.33%. This is a 100% increase from the same period last year. The company also reported quarterly sales of $140.00 million, beating the analyst consensus estimate of $136.55 million by 2.53%. This is a 26.14% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:19 pm