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Revenues

CVU

CPI Aerostructures, Inc. (NYSE:CVU) has been awarded follow-on orders worth $1.3 million for complex welded structural assemblies used on a U.S. military helicopter. Deliveries are expected through mid-2025.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:24 pm

ODFL

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) reported a 5.6% increase in revenue per day for May 2024 compared to May 2023, driven by a 1.5% increase in LTL tons per day and higher LTL revenue per hundredweight. The increase in LTL tons per day was due to a 2.3% rise in LTL shipments per day, partially offset by a 0.7% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight excluding fuel surcharges rose by 4.2% and 4.7%, respectively, compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:23 pm

SMTC

Semtech has announced its Q2 2025 earnings per share (EPS) guidance of $0.09 ± $0.03 and revenue guidance of $212 million ± $5 million, compared to the estimated revenue of $210.160 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:21 pm

VSCO

Victoria's Secret (NYSE:VSCO) reported Q4 2024 adjusted EPS of $0.12, beating the estimate of $0.098. However, sales of $1.36 billion met the estimate but showed a significant decline from the previous year's $2.08 billion.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:21 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) reported strong Q1 earnings with revenue and EPS beating estimates. However, the company provided soft Q2 guidance. Lululemon's international revenue surged, and the company announced a $1 billion increase in its stock repurchase program.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 8:21 pm

SMTC

Semtech (NASDAQ: SMTC) reported Q1 2025 adjusted EPS of $0.06, beating the undefined analyst consensus estimate. The company also reported quarterly sales of $206.1 million, surpassing the $200.155 million estimate by 2.97%. However, this represents a 12.87% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:19 pm

BASE

Couchbase has provided its financial outlook for Q2 FY2025 and the full fiscal year 2025. The company expects Q2 revenue between $50.6M and $51.4M, slightly below the $50.71M estimate. For FY2025, revenue is projected to be between $204.5M and $208.5M, compared to the $206M estimate. The company also provided guidance on total ARR and non-GAAP operating loss.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:18 pm

IWM

NVDA

QQQ

SMH

SPY

The S&P 500 and Nasdaq 100 indices hit all-time highs, driven by investor confidence in AI-driven growth. Nvidia surpassed Apple to become the second most valuable U.S. company. The SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) closed at record highs. The VanEck Semiconductor ETF (SMH) saw significant gains, and small caps rallied with the iShares Russell 2000 ETF (IWM) up 1.5%.

Portfolio Pulse from Piero Cingari

June 05, 2024 | 8:18 pm

SMAR

Smartsheet has provided its financial outlook for FY25, projecting adjusted EPS between $1.22 and $1.29, surpassing the estimated $1.11. The company also expects revenue to be in the range of $1.116 billion to $1.121 billion, aligning with the estimated $1.116 billion.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:16 pm

COST

Costco Wholesale reported net sales of $19.64 billion for May, marking an 8.1% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:16 pm