Streetbeat News

Revenues

NEWR

New Relic shares are trading lower after the company issued weak Q1 revenue guidance.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:42 pm

A

Agilent Technologies has lowered its FY23 revenue outlook, causing its shares to trade lower.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:37 pm

TOL

Toll Brothers, a luxury homebuilder, expects to generate significant cash flow from operations in FY23, indicating a positive outlook for the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:33 pm

RFIL

RF Industries (NASDAQ:RFIL) provided preliminary Q2 2023 unaudited financial results, expecting revenue between $22M-$22.3M. The company anticipates reporting an operating profit and being cash flow positive for the quarter.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:20 pm

NEWR

New Relic forecasts Q1 revenue of $238M-$240M, below the $251.15M estimate, and FY24 revenue of $1.02B-$1.03B, above the $924.24M estimate. The company expects 10-11% YoY growth in total revenue and 38% YoY growth in consumption revenue for Q1, and 10-11% YoY growth in total revenue and 30% YoY growth in consumption revenue for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:18 pm

A

Agilent Technologies has reduced its FY23 revenue outlook from $7.03B-$7.10B to $6.93B-$7.03B, citing market uncertainties. The new outlook is below the consensus estimate of $7.09B.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:11 pm

URBN

Urban Outfitters (URBN) reported a 6.3% YoY decrease in inventory, potentially indicating lower demand or improved inventory management.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:08 pm

INTU

Intuit raised its FY23 guidance, expecting revenue of $14.279B-$14.317B, GAAP operating income of $3.071B-$3.091B, and non-GAAP diluted earnings per share of $14.20-$14.25. The company also updated its segment revenue guidance for Small Business, Consumer Group, ProTax Group, and Credit Karma.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:05 pm

AMZN

Amazon's U.S. Small Business Empowerment Report reveals that over 60% of sales in Amazon's stores come from independent sellers, mostly small and medium-sized businesses. These sellers sold over 4.1 billion products and averaged over $230,000 in sales in 2022. The report also highlights the creation of an estimated 1.5 million jobs in the U.S. due to selling in Amazon's stores.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2023 | 7:07 pm

NFLX

Netflix is offering U.S. members the option to add an extra member to their account for $7.99/month, allowing them to share their account with someone who doesn't live with them.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 6:20 pm