Streetbeat News

Revenues

BORR

Borr Drilling (NYSE:BORR) reported Q1 2024 earnings per share (EPS) of $0.06, missing the analyst estimate of $0.14. However, the company reported sales of $234 million, beating the estimate of $230 million. This represents a significant improvement from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:51 am

CATO

Cato Corporation advises caution for the remainder of the year due to pressures on customers' discretionary spending levels.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:37 am

CATO

Cato Corporation reported a 6% decrease in same-store sales for Q1.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:37 am

MNRO

Monro reported a 0.1% increase in Q4 comparable store sales on a reported basis, but a 7.2% decrease when adjusted for days, attributing the decline to strained low-to-middle income consumers.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:37 am

CATO

Cato Corporation reports that high interest rates and inflation are putting pressure on customers' discretionary spending, negatively impacting sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:36 am

CATO

Cato (NYSE:CATO) reported a significant increase in Q1 EPS to $0.54, up 145.45% from $0.22 YoY, despite a 7.78% decrease in sales to $177.10M from $192.05M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:35 am

MNRO

Monro (NASDAQ:MNRO) reported Q4 earnings of $0.21 per share, missing the analyst estimate of $0.30. Sales were $310.08 million, also below the $320.24 million estimate. Despite the miss, earnings increased 162.5% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:34 am

DAVA

Endava (DAVA) has provided its financial outlook for FY2024, expecting revenue between £741M and £743M, which is above the consensus estimate of £737.37M. The company also anticipates adjusted EPS to be in the range of £1.13 to £1.14.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:32 am

BABA

CGRO

CLIX

JD

Alibaba Group Holding Ltd (NYSE:BABA) is planning a convertible bond sale to raise nearly $5 billion, following JD.Com, Inc's (NASDAQ: JD) recent move. Both stocks are trading lower on Thursday. Alibaba aims to use the funds for share repurchases and growth, particularly in its commerce and cloud businesses. The company is also engaged in a price war and has expanded its share buyback program for 2024. Bearish sentiments from U.S. short sellers have led to a selloff in Chinese stocks, affecting ETFs like iShares China Large-Cap ETF. Alibaba's fiscal Q4 2023 revenue grew 7% YoY to $30.73 billion, beating analyst expectations, but its adjusted earnings per ADS missed the consensus. BABA shares were down 1.72% in premarket trading on Thursday.

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 11:32 am

DAVA

Endava expects Q4 FY2024 revenue to be between £195M and £197M, surpassing the consensus estimate of £184.56M. The company also projects adjusted EPS to be in the range of £0.22 to £0.23.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:31 am