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Revenues

PCG

The California Public Utilities Commission (CPUC) has approved Pacific Gas and Electric's (PG&E) General Rate Case for 2023-2026, which will result in changes to energy rates starting January 1, 2024. This decision will impact the rates customers pay for electricity and gas services provided by PG&E.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:44 pm

UGI

UGI Corporation reported Q4 earnings of $0.61 per share, a decrease from $1.13 per share in the prior year. Quarterly sales were $1.404 billion, missing the consensus estimate of $1.918 billion and representing a 27.40% decrease from $1.93 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:28 pm

AMZN

HD

TGT

WMT

Walmart Inc (WMT) exceeded Q3 earnings and revenue estimates but issued cautious holiday guidance, causing shares to drop over 7%. Revenue growth was driven by strong grocery and digital sales, with Walmart U.S. comparable sales up 4.9% YoY. Adjusted EPS was $1.53, above the expected $1.52. Annual guidance was slightly below expectations at $6.40-$6.48 per share. Walmart, Target (TGT), and Home Depot (HD) noted easing inflation, but consumer deal-seeking behavior may impact holiday sales. Walmart competes with Amazon (AMZN) in fast holiday deliveries, with both expanding their fulfillment capabilities.

Portfolio Pulse from Upwallstreet

November 16, 2023 | 9:57 pm

ROST

Ross Stores, Inc. (NASDAQ:ROST) reported Q3 earnings of $1.33 per share, beating estimates of $1.21 and showing a 33% increase from the previous year. Revenue was $4.92 billion, exceeding expectations of $4.82 billion. The company raised its FY23 EPS forecast from $5.15-$5.26 to $5.30-$5.36, while maintaining Q4 sales guidance. CEO Barbara Rentler highlighted strong sales, an improved operating margin of 11.2%, and favorable customer response to value offerings. After-hours trading saw ROST shares rise by 5.47% to $126.72.

Portfolio Pulse from Ryan Gustafson

November 16, 2023 | 9:48 pm

CMP

Compass Minerals anticipates a 3% to 5% increase in salt sales volumes for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:38 pm

AMSWA

American Software, Inc. has projected its FY24 revenue to be between $100M-$104M, which falls short of the estimated $116.02M.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:36 pm

VJET

voxeljet anticipates Q4 revenue to be in the range of kEUR 10,000 to kEUR 13,500.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:32 pm

ESE

ESCO Technologies Inc. provided its FY24 adjusted earnings per share (EPS) guidance to be between $4.10 and $4.30, which brackets the analyst estimate of $4.21. The company also forecasts net sales for FY24 to be in the range of $1.02 billion to $1.04 billion, slightly above the estimated $1.01 billion.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:30 pm

BZH

Beazer Homes reported a decrease in Q4 EPS to $1.80 from $2.82 year-over-year, while revenue of $645.405M exceeded the estimate of $627.293M.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:27 pm

GLOB

Globant provided its financial outlook for FY23, projecting a non-IFRS EPS of $5.72, slightly above the estimate of $5.71, and revenues of $2.094 billion, marginally surpassing the estimated $2.09 billion.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:26 pm