Concentrix Corporation posted its latest quarter earnings and revenue, both growing from the year-ago levels, but lagging consensus estimates (according to Zacks Equity Research report). The company posted its third quarter (ending August) adjusted earnings of $2.95 per share, that fell short of Zacks Consensus Estimate of $2.97 per share. The figure, however, was higher than the year-ago...
Nike posted its first quarter earnings of 93 cents, beating analysts’ expectations of 92 cents (per Refinitiv poll). Revenue climbed +4% from the year-ago quarter to $12.69 billion, vs. $12.27 billion expected by analysts (according to Refinitiv poll). IN recent times, the sneaker giant Nike has been focusing on selling its merchandise directly to customers and therefore scaling back on what...
Micron Technology reported adjusted earnings of $1.45 a share, higher than analysts’ expectations of $1.37 a share. The result also revealed a substantial decrease from the year-ago quarter’s $2.42 a share (as reported in MarketWatch) Revenue fell to $6.64 billion from $8.27 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast revenue of $6.73 billion. (as reported in...
Bed Bath & Beyond posted a adjusted loss per share of -$3.22 for the three months ending August, wider than the -$1.85 expected by analysts' polled by Refinitiv. Revenue came in $1.44 billion, plunging -28% from the year-ago quarter. The figure also missed analysts’ estimate of $1.47 billion. According to Interim CEO Sue Gove’s statement in a news release, the home goods retail company’s...
Paychex, Inc. posted first-quarter fiscal 2022 adjusted earnings of $1.03 per share, which surpassed the Zacks Consensus Estimate by 6.2% . The earnings grew +15.7% from the year-ago quarter. The payroll solutions company’s revenues rose +11.4% year over year to $1.2 billion, beating expectations by 1.8%.(as reported by Zacks Equity Research). Revenues from Management Solutions segment were...
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Signals from Pattern Search Engine Tickeron is bringing high-powered Artificial Intelligence (A.I.) technology to the retail investment community that, in our opinion, rivals the technology and approach used at major Wall Street firms. The Ph. D founders of Tickeron have spent several years researching and building an Artificial Intelligence-based search engine that allows active investors to...
Signals from Pattern Search Engine Tickeron is bringing high-powered Artificial Intelligence (A.I.) technology to the retail investment community that, in our opinion, rivals the technology and approach used at major Wall Street firms. The Ph. D founders of Tickeron have spent several years researching and building an Artificial Intelligence-based search engine that allows active investors to...
KB Home reported third quarter adjusted earnings of $2.86 per share, which surpassed the consensus estimate of $2.69 (according to Zacks Equity Research). The figure implies a +79% surge from than the year-ago quarter, on the back of solid revenues and margin growth. Revenues for the quarter climbed +26% from the year-ago quarter to $1.845 billion, missing the consensus estimate of $1.86...
H.B. Fuller reported third quarter earnings that surpassed estimates. The manufacturer of industrial adhesives reported non-GAAP earnings of $1.06 for the quarter, beating the consensus estimate by $0.02. Its adjusted EBITDA margin expanded by 120bps to 14.6%. Revenue of $941.2 million fell short of the Street expectations by $2.9 million. For the full year, HB Fuller projects an organic...
Costco posted its fiscal fourth quarter earnings per share of $4.20, exceeding analysts’ expectations of $4.17. The big-box retail behemoth’s revenue for the quarter came in at $72.09 billion, compared to the $72.04 that analysts expected. Amidst inflationary pressures on costs, gross margins narrowed in the quarter. The company has still not hiked its membership fees, thereby maintaining its...
FactSet Research Systems Inc. provided earnings guidance that were below Wall Street expectations, while revenue forecast exceeded expectations. The data products company expects fiscal 2023 revenue to be in the range of $2.1 billion to $2.115 billion, compared to analysts’ forecast of $2.04 billion (based on FactSet poll). Adjusted earnings are projected to be between $14.50 and $14.90 a...
FedEx posted its first-quarter fiscal 2023 adjusted earnings of $3.44 per share, below the Zacks Consensus Estimate of $3.69, amidst global volume weakness. (as reported in Zacks Equity Research). For the quarter ending Aug 31, revenues climbed +5.44% from the year-ago quarter to $23,200 million, missing the Zacks Consensus Estimate of $23,213.4 million. FedEx Express (including TNT Express)...
Aurora Mobile reported a net loss of -RMB 24.4 million, which narrowed down 17% year over year. Total customer number grew +79% year over year to 4,709. Total deferred revenue was about RMB 100 million for the 9 consecutive quarters. Development services revenue was down -10% year over year, while subscription service rose +2% year-over-year Subscription Service revenue was up 2% year over...
Bowlero Corp posted its fourth quarter earnings that exceeded analysts’; expectations. The bowling center operator’s earnings came in at 7 cents a share, handily topping analysts’ expectations of 4 cents a share (based on FactSet poll). Sales grew +68.3% from the year-ago quarter to roughly $267.7 million, on the back of "continued strong growth in walk in retail and accelerated further by...
IronNet is now laying off 35 percent of its staff, according to a recent federal filing (as reported by CRN). In June, the cybersecurity company had retrenched 17 percent of its staff. IronNet went public a year ago at a valuation of $1.2 billion. The company will replace its CFO and eliminate one of its co-CEO positions, as a cost saving measure (CRN mentions). Co-CEO William Welch has...
MamaMancini's Holdings, Inc. reported its results for the fiscal second quarter ended July 31, 2022, that revealed a +89% surge in revenue from the year-ago quarter. Gross profit fell -19% year-over-year. The company incurred an adjusted loss of -$0.02, compared to earnings of +0.01 per share in the year-ago quarter. During the quarter, the food company appointed Adam L. Michaels as Chief...