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LULU

Lululemon Athletica Inc (NASDAQ:LULU) reported Q3 earnings with a 19% year-over-year revenue increase to $2.2 billion, surpassing estimates of $2.19 billion. Adjusted EPS was $2.53, beating estimates of $2.28. North America and international revenues grew by 12% and 49%, respectively. Comparable sales rose 13%, with a 9% increase in store sales and 18% in direct-to-consumer sales. The company opened 14 new stores, announced a $1 billion buyback, and provided Q4 and full-year 2023 revenue and earnings guidance slightly below estimates. LULU shares dropped 3.91% after hours to $446.01.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 9:23 pm

HCP

HashiCorp's stock is trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:21 pm

SMAR

Smartsheet Inc. forecasts Q4 total revenue to be between $254M-$256M, aligning with the estimate of $255.36M and indicating a year-over-year growth of 20%-21%. The company also projects Non-GAAP EPS to be $0.17-$0.19, surpassing the estimate of $0.11.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:21 pm

CURV

Torrid Holdings (NYSE:CURV) reported Q3 EPS of $(0.03), surpassing the $(0.05) estimate, and sales of $275.41M, exceeding the $244.67M estimate. However, this reflects a 142.86% decrease in EPS and a 5.04% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:21 pm

DLNG

Dynagas LNG Partners (NYSE:DLNG) experienced a significant decrease in earnings per share (EPS) in Q3, reporting $0.01 compared to $0.04 in the same quarter last year, a 75% drop. However, the company's sales rose to $37.01 million, marking a 23.73% increase from $29.91 million in the previous year's quarter.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:19 pm

TPB

Zig-Zag, the renowned rolling paper brand, has launched its 'Vintage' apparel collection as a tribute to its long-standing history in the smoking industry. The collection includes a variety of streetwear items featuring classic Zig-Zag iconography. The brand is licensed in the U.S. and Canada by North Atlantic Operating Company, L.P., a subsidiary of Turning Point Brands, Inc. (NYSE:TPB). The launch comes ahead of Zig-Zag's 145th anniversary in 2024 and aligns with consumer demand, potentially aiding in the brand's expansion into new segments. Turning Point Brands' stock saw a slight increase of 0.88% to $24.11 per share on Thursday afternoon.

Portfolio Pulse from Joana Scopel

December 07, 2023 | 9:17 pm

AVGO

Broadcom forecasts FY24 revenue to be approximately $50 billion, surpassing the estimated $45.76 billion. The company also anticipates an adjusted EBITDA margin of around 60% of the projected revenue.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:17 pm

CMTL

Comtech reported a 2.1% sequential increase in Q1 sales, reaching $151.90 million.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:17 pm

AVGO

Broadcom Inc. (AVGO) reported Q4 adjusted earnings of $11.06 per share, surpassing the consensus estimate of $10.98, marking a 5.84% increase from the previous year. However, quarterly sales of $9.29 billion fell short of the expected $9.41 billion, a 1.22% miss, though it was a 4.09% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:16 pm

AI

Piper Sandler analyst Arvind Ramnani has maintained a Neutral rating on C3.ai (NYSE:AI) but reduced the price target from $28 to $27.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:15 pm