Streetbeat News

Earnings

ENS

EnerSys reported better-than-expected Q4 financial results, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 4:08 pm

NVDA

ZUO

Nasdaq Composite gained over 1.5% on Thursday, driven by strong Q1 results from NVIDIA Corporation (NASDAQ:NVDA) which saw its shares jump 25%. Information technology shares rose by 3.7%, with Zuora, Inc. (NYSE:ZUO) also up 19%. Energy shares fell 1.6%.

Portfolio Pulse from Lisa Levin

May 25, 2023 | 4:04 pm

GDS

GDS Holdings Limited reported Q1 FY23 net revenue growth of 7.4% YoY to $350.77 million, missing the consensus of $351.20 million. Loss per ADS was $(0.39), missing the consensus loss of $(0.31). The company reiterated its FY23 outlook and sees new business wins in mainland China.

Portfolio Pulse from Nabaparna Bhattacharya

May 25, 2023 | 3:54 pm

BBY

Best Buy reported Q1 FY24 sales decline of 11.1% YoY to $9.47 billion, missing analyst consensus estimate of $9.52 billion. Non-GAAP EPS of $1.15 beat the analyst consensus of $1.11. The company maintained its FY24 guidance and expects a revenue of $43.8 billion - $45.2 billion.

Portfolio Pulse from Shivani Kumaresan

May 25, 2023 | 3:46 pm

ORCL

Oracle shares are trading higher due to strength in software stocks following Nutanix's earnings report and NVIDIA's positive impact on the broader tech sector.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 3:43 pm

TQQQ

ProShares UltraPro QQQ (TQQQ) shares are trading higher by 7.07% to $32.48 due to strong earnings from NVIDIA and better-than-expected US economic data. The ETF seeks daily investment results corresponding to three times the daily performance of the Nasdaq-100 ETF.

Portfolio Pulse from Henry Khederian

May 25, 2023 | 3:34 pm

INTC

NVDA

Intel Corporation (INTC) shares dropped 6.47% to $27.12 on Thursday, possibly due to strong quarterly earnings from NVIDIA Corporation (NVDA), which may indicate high demand for AI GPUs and increased competition.

Portfolio Pulse from Henry Khederian

May 25, 2023 | 3:28 pm

RL

Ralph Lauren Corp reported Q4 FY23 sales growth of 1% YoY to $1.54 billion, beating the consensus of $1.47 billion. Global Direct-to-Consumer Comparable Store Sales grew 6%. Adjusted EPS of $0.90 beat the analyst consensus of $0.61. The company expects FY24 revenues to increase in low-single digits.

Portfolio Pulse from Shivani Kumaresan

May 25, 2023 | 3:23 pm

TD

TD Bank reported worse-than-expected Q2 results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 3:19 pm

AMWD

American Woodmark Corp (NASDAQ:AMWD) reported Q4 FY23 preliminary net sales of $481.1 million, a 4.1% Y/Y decline, beating the consensus of $477.5 million. Adjusted EPS was $2.21, above the consensus of $1.53. The company expects a low double-digit net sales decline Y/Y for FY 2024.

Portfolio Pulse from Lekha Gupta

May 25, 2023 | 3:18 pm