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Revenues

MEI

Methode Electronics (NYSE:MEI) reported Q2 adjusted earnings of $0.06 per share, missing the consensus estimate of $0.12 by 50%. Quarterly sales were $288.00M, falling short of the $292.82M estimate and marking an 8.83% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:02 pm

DG

Dollar General reaffirmed its fiscal year 2023 guidance, expecting net sales growth of 1.5%-2.5% and same-store sales to range from a decline of approximately 1.0% to flat.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:01 pm

DG

Dollar General reported a 1.3% decrease in same-store sales for Q3, indicating a potential challenge in its retail operations.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:57 am

UONE

Urban One (NASDAQ:UONE) reported a significant increase in Q2 earnings per share (EPS) at $1.39, a 396.43% rise from $0.28 in the same quarter last year. Sales also rose by 9.13% to $129.65M from $118.81M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:57 am

LAKE

Lakeland Industries Inc (NASDAQ:LAKE) reported a 11.6% year-on-year increase in Q3 FY24 sales to $31.68 million, surpassing analyst estimates. The growth was driven by market share expansion in first responder markets and strength in oil, gas, and utilities. However, sales of disposable products, especially in Asia, declined. Gross profit rose 8.9% to $13.4 million, but the gross margin contracted by 110 basis points to 42.2%. Operating income surged 62.9% to $3.6 million, and adjusted EBITDA increased over 10% Y/Y. EPS of $0.34 beat the $0.27 estimate. The company ended the quarter with $26.4 million in cash and equivalents. Despite challenges in China, the company's diverse geographic and end-market presence supported its performance. LAKE shares closed 1.72% higher at $14.80 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 11:27 am

DNUT

Krispy Kreme announces the comeback of its 'Day of the Dozens' event on December 12th, where customers can buy a dozen Original Glazed Doughnuts for $1 with the purchase of any dozen or 16-count minis. This annual promotion aims to drive customer traffic and sales.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:20 am

BEEM

Beam Global announced that it has received repeat orders for its EV ARC solar-powered EV charging systems from multiple federal agencies. This indicates ongoing demand and trust in Beam's technology from government clients, which could lead to increased visibility and potentially more orders in the future.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:02 am

CXM

Sprinklr Inc (NYSE:CXM) shares plummeted over 20% despite reporting Q3 FY24 results that exceeded consensus estimates. Revenue increased by 18% Y/Y to $186.3 million, surpassing the expected $180.4 million. Subscription revenue grew by 22% Y/Y, and both RPO and cRPO saw significant year-over-year increases. Non-GAAP operating income and adjusted EPS also beat expectations. The company raised its FY24 revenue and EPS guidance. However, shares dropped to $13.10 in premarket trading.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 10:47 am

AAPL

Apple Inc. has announced a collaboration with TDK Corporation for the production of lithium-ion battery cells in India, which will be used to power locally assembled iPhones. The production is expected to start within 12-18 months. TDK, after acquiring Amperex Technology Ltd, is setting up a facility in Haryana, India, which will create direct employment for 8,000-10,000 people and indirectly support over 25,000 jobs. This move is part of Apple's strategy to reduce reliance on China and increase the domestic value addition of iPhones assembled in India, which currently stands at 12-15%. TDK controls over 60% of the global Li-ion cell market, and this partnership is a significant step in diversifying Apple's supply chain.

Portfolio Pulse from Shomik Sen Bhattacharjee

December 07, 2023 | 9:59 am

MCD

McDonald's Corporation (NYSE:MCD) is launching a new restaurant concept called CosMc's, focusing on to-go dining and iced drinks without traditional fries and burgers. The first location will open in a Chicago suburb with four drive-through lanes and no dining area. CosMc's aims to tap into the specialty beverages and coffee market, leveraging a revived orange alien mascot from past advertisements. McDonald's plans to open approximately ten more locations in Texas by next year. The move follows strong Q2 financial results, with sales up 14% year-over-year to $6.5 billion.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 9:24 am