Streetbeat News

Earnings

ROST

Ross Stores forecasts EPS of $4.77-$4.99 for the 53-week period ending February 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 8:03 pm

AMAT

Applied Materials expects Q3 adjusted EPS to be in the range of $1.56-$1.92, compared to the estimated $1.65.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 8:02 pm

MDVL

MedAvail Holdings reported Q1 sales of $620,000, beating the analyst consensus estimate of $350,000 by 77.14%. However, this is a 93.20% decrease compared to the same period last year.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 8:02 pm

ROST

Ross Stores reported Q1 earnings of $1.09 per share, beating the $1.06 estimate, and sales of $4.49B, missing the $4.50B estimate. This represents a 12.37% increase in earnings and a 3.72% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 8:01 pm

AMAT

Applied Mat reported Q2 earnings of $2.00 per share, beating the $1.84 estimate, and sales of $6.63B, surpassing the $6.38B estimate. This represents an 8.11% increase in earnings and a 6.16% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 8:01 pm

SE

Sea shares are trading lower following the company's worse-than-expected Q1 financial results earlier this week.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 7:30 pm

CDNS

Cadence Design Systems (CDNS) shares are trading higher in sympathy with Synopsys, which reported better-than-expected Q2 financial results and issued FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 7:05 pm

BOOT

Boot Barn Holdings Inc (NYSE: BOOT) received an Outperform rating from William Blair analyst Dylan Carden, despite mixed Q4 earnings and a 6% decline in same-store sales. The analyst believes in the durability of higher store volumes and margins, and expects mid- to high-teens top-line growth at faster earnings growth after a reset year in fiscal 2024.

Portfolio Pulse from Shivani Kumaresan

May 18, 2023 | 6:42 pm

ARBE

BABA

LTCH

U.S. stocks traded mixed with the Dow Jones dropping around 150 points, while the NASDAQ and S&P 500 rose. Alibaba reported better-than-expected earnings for its fourth quarter. Information technology shares rose by 1.2%, while real estate shares fell 1.4%.

Portfolio Pulse from Lisa Levin

May 18, 2023 | 6:32 pm

HD

ROST

TGT

WMT

Retail stocks in the consumer discretionary sector reported better-than-expected earnings this week, with Home Depot, Target, and Walmart beating estimates. Ross Stores is set to report its Q1 earnings after the bell on Thursday.

Portfolio Pulse from Melanie Schaffer

May 18, 2023 | 6:20 pm