Streetbeat News

Earnings

COST

CYBR

EEIQ

NFLX

UBER

Oppenheimer analysts favor Netflix as it launches paid sharing at $7.99/month in the US. Costco will report quarterly results on Thursday. Morgan Stanley analysts believe Uber's profitability in global delivery is underappreciated. CyberArk receives positive feedback from analysts after its investor day. EpicQuest Education shares rise 89% after a non-binding agreement with a Chinese college.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 1:00 pm

ANF

Abercrombie & Fitch reported a 22% comp sales growth in Q1 due to the reopening of China in the APAC region, according to an executive during a conference call.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 12:49 pm

URBN

Urban Outfitters (NASDAQ:URBN) reported strong Q1 results, with a 6% Y/Y sales increase to $1.11 billion and EPS of $0.56, beating analyst consensus. Inventory fell 6.3% YoY. Shares jumped 13.7% in pre-market trading. Telsey Advisory Group, Citigroup, and Wells Fargo raised their price targets on URBN.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 12:47 pm

ADI

Analog Devices (ADI) reported Q2 FY23 revenue growth of 10% YoY to $3.26 billion, beating consensus estimates. However, the company's Q3 outlook is below expectations, with revenue forecasted at $3.10 billion and adjusted EPS at $2.52, causing the stock to drop 5.97% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 12:46 pm

PLCE

Children's Place Inc (NASDAQ:PLCE) reported a Q1 FY23 sales decline of 11.2% YoY to $321.64 million, missing the consensus of $338.46 million. The company lowered its FY23 sales and adjusted EPS outlook, citing significant macro-economic headwinds.

Portfolio Pulse from Shivani Kumaresan

May 24, 2023 | 12:46 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) reported Q1 2023 financial results with no revenues, total operating expenses of $2.6 million, and a net loss of $2.6 million. The company is focused on scaling operations and securing its position as a federally authorized medical cannabis grower, manufacturer, and supplier in the US.

Portfolio Pulse from Vuk Zdinjak

May 24, 2023 | 12:45 pm

PLCE

Children's Place reported worse-than-expected Q1 financial results and issued FY23 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:42 pm

GCT

GigaCloud Technology reported a year-over-year increase in Q1 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:35 pm

AMZN

CSCO

HCA

CNBC's 'Halftime Report Final Trades' featured analysts discussing HCA Healthcare's acquisition of 41 urgent care centers from FastMed, Cisco Systems' better-than-expected Q3 earnings, and Amazon's support for small and medium-sized businesses in the US. HCA, Cisco, and Amazon stocks were mentioned.

Portfolio Pulse from Priya Nigam

May 24, 2023 | 12:30 pm

ANF

Abercrombie & Fitch reported better-than-expected Q1 sales results, leading to a rise in its share price. The company also raised its FY23 net sales growth guidance and operating margin guidance.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:28 pm