Streetbeat News

Earnings

CTRN

Citi Trends Inc (NASDAQ:CTRN) reported a 13.7% YoY decline in Q1 FY23 sales to $179.7 million, missing analyst estimates. Adjusted EPS of $(0.66) also missed the consensus of $(0.30). The company updated its FY23 sales guidance and lowered its EBITDA and capital expenditure outlook.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 1:19 pm

BORR

Borr Drilling (NYSE:BORR) reported Q1 earnings with an EPS of $-0.03, missing estimates by 400.0%. Revenue increased by $90 million compared to the same period last year.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 1:17 pm

JMIA

Jumia Technologies reported a Q1 FY23 revenue decline of 2.8% YoY to $46.3 million, missing the consensus of $50.5 million. Orders and active consumers declined, while cost reduction initiatives helped reduce losses. The company reiterated an adjusted EBITDA loss of $(100) million - $(120) million for FY23.

Portfolio Pulse from Anusuya Lahiri

May 23, 2023 | 1:17 pm

LOW

Lowes executive stated in a conference call that they expect a pullback in discretionary consumer spending in the near term.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:17 pm

CTRM

Castor Maritime (NASDAQ:CTRM) reported Q1 earnings of $0.11 per share, a 47.62% decrease from $0.21 per share YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:14 pm

HTCR

IDAI

KSPN

QBTS

QUBT

SBIG

12 IT stocks experienced significant price movements in Tuesday's pre-market session, with 6 gainers and 6 losers. Notable gainers include HeartCore Enterprises, Quantum Computing, and T Stamp, while notable losers include Kaspien Hldgs, D-Wave Quantum, and SpringBig Holdings.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 1:08 pm

WSM

Williams-Sonoma (NYSE:WSM) reported Q1 earnings with an EPS of $2.64, beating estimates by 11.39%. However, revenue was down $116 million from the same period last year.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 1:07 pm

WSM

Williams-Sonoma has reiterated its FY23 and long-term guidance, expecting a net revenue growth of -3% to +3% for FY23.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:06 pm

DKS

Dick's Sporting Goods (NYSE:DKS) reported Q1 FY23 sales growth of 5.3% YoY to $2.84 billion, beating the analyst consensus estimate of $2.80 billion. Comparable store sales increased 3.4% and adjusted EPS of $3.40 beat the analyst consensus of $3.18. The company's Board declared a quarterly dividend of $1 per share.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 1:05 pm

WSM

Williams-Sonoma reported Q1 adjusted earnings of $2.64 per share, beating the $2.37 estimate, but sales of $1.77 billion missed the $1.80 billion estimate. This represents a 24.57% decrease in earnings and a 6.13% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:04 pm