Streetbeat News

Earnings

HIBB

Hibbett Sports reported Q1 earnings of $2.74 per share, missing the analyst consensus estimate of $3.04 by 9.87%. Quarterly sales were $455.50 million, missing the estimate of $460.40 million by 1.06%. This is a 5.19% decrease in earnings and a 7.42% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:36 am

PDD

PDD Holdings reported Q1 earnings of $1.01 per share, beating the analyst consensus estimate of $0.54 by 87.04%. Sales reached $5.48 billion, surpassing the $4.56 billion estimate by 20.18%. Both earnings and sales increased significantly compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:34 am

HIBB

Hibbett Sports has revised its FY24 sales guidance to be flat to up around 2.0%, compared to its prior guidance of up mid-single digit. The company also expects diluted EPS of $7.00-$7.75, down from the previous guidance of $9.50-$10.00.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:34 am

HIBB

Hibbett reported Q1 earnings of $2.74 per share, missing the analyst consensus estimate of $3.18 by 13.84%. Quarterly sales were $455.50 million, missing the estimate of $470.57 million by 3.20%. This is a 5.19% decrease in earnings and a 7.42% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:31 am

CAN

Canaan (NASDAQ:CAN) reported Q1 earnings with an EPS of $-0.43, missing estimates by 104.76%. Revenue was down $158.69 million YoY. Last quarter, the company missed EPS by $0.15, resulting in a 3.83% share price drop the next day.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 10:20 am

CNF

CNFinance Hldgs (NYSE:CNF) reported Q1 earnings of $0.09 per ADS, with sales of $65.99M, beating the analyst consensus estimate of $65.80M by 0.29%. This is a 0.22% increase over sales of $65.84M the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:19 am

CAN

Canaan Inc. expects Q2 revenue of $72 million, lower than the consensus estimate of $77.37 million.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:08 am

CAN

Canaan reported Q1 adjusted EPS of $(0.43), missing the $(0.21) estimate, and sales of $55.23M, missing the $62.11M estimate. This represents a 186% decrease in earnings and a 74.18% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:06 am

LITB

LightInTheBox Holding (NYSE:LITB) reported Q1 adjusted EPS of $(0.03), a 40% improvement from $(0.05) YoY, and sales of $147.80M, up 57.62% from $93.77M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:02 am

NVDA

NVIDIA Corporation's (NASDAQ:NVDA) stock closed 24.37% higher after reporting strong quarterly earnings and an upbeat forecast. The options market indicates resistance at the $400 Call strike and support levels between $275 and $300 Put strikes.

Portfolio Pulse from Bhavik Nair

May 26, 2023 | 9:39 am