Streetbeat News

Revenues

M

Macy's has revised its 2024 net sales outlook to $22.1B-$22.4B, down from the previous $22.3B-$22.9B. The company also expects a 0.5-2% year-over-year decline in comparable owned-plus-licensed-plus-marketplace sales.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:58 am

M

Macy's shares are experiencing a decline due to missing Q2 revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:56 am

M

Macy's reported Q2 2024 earnings per share of $0.53, surpassing the expected $0.29, but sales of $4.937 billion fell short of the $5.118 billion estimate. This represents a 3.76% decline from the previous year's sales.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:55 am

TGT

Target has updated its Q3 and full-year guidance. For Q3, it expects an adjusted EPS of $2.10-$2.40, slightly below the $2.27 estimate. The company anticipates a 0-2% increase in comparable sales, with the full-year EPS now projected at $9.00-$9.70, up from $8.60-$9.60.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:33 am

TGT

Target's Q2 results show a 2% increase in comparable store sales and an 8.7% rise in digital sales, with traffic up 3%. All core categories saw growth, and discretionary sales improved, notably in Apparel.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:32 am

TGT

Target's Q2 2024 earnings and sales exceeded analyst expectations, with EPS at $2.57 and sales at $25.450 billion, marking significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:31 am

ZK

Zeekr Intelligent Technology Holding (NYSE: ZK) reported strong Q2 2024 results with a 100% increase in vehicle deliveries and a 58.4% rise in revenue, surpassing analyst expectations. Despite a challenging market, the company improved its margins and saw significant growth in various revenue streams.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 10:14 am

DY

Dycom Industries anticipates that its recent acquisition will contribute $250M to $275M in contract revenues for fiscal year 2026.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:07 am

YMM

Full Truck Alliance Co reported a 22% year-over-year increase in fulfilled orders for Q2 2024, reaching 49.1 million. Additionally, the average shipper monthly active users (MAUs) rose by 32.8% to 2.65 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:06 am

YMM

Full Truck Alliance Co anticipates Q3 2024 revenue between RMB2.76 billion and RMB2.82 billion, marking a 21.9% to 24.6% year-over-year increase. This reflects the company's current market and operational outlook.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:04 am