Best Buy posted its second quarter earnings that exceeded analysts’ expectations, while reiterating its full-year guidance. Best Buy had cut the sales and profit forecast in late July, saying it expects weaker demand for consumer electronics as people pay more for groceries and gas. The retailer projects same-store sales to drop by about 11% for the 12-month period ending in January. The...
For the three months ended July, Okta incurred an adjusted loss of -$16 million, or -10 cents a share much narrower than the loss of 31 to 32 cents a share it had expected. The company’s revenue rose +43% year-over-year to $452 million, well above the company’s forecast range of $428 million to $430 million. Okta had $2.79 billion in remaining performance obligations as of quarter-end, up 25%...
CrowdStrike Holdings posted its second-quarter fiscal 2023 non-GAAP earnings of 36 cents per share, exceeding the Zacks Consensus Estimate of 28 cents. It was also a significant improvement from the year-ago quarter’s 11 cents a share. The company’s revenues climbed +58% from the year-ago quarter to $535.2 million, topping the consensus estimate of $517.1 million. Subscription revenues surged...
Baidu Inc. posted its second quarter earnings and revenue that surpassed analysts’ expectations. The China-based internet company reported a net income of RMB3.64 billion ($543 million), bouncing back from a loss of RMB583 million, or RMB1.70 per ADS, in the year-ago period. Adjusted earnings per ADS climbed to RMB15.79 (from RMB15.41), topping analysts’ expectations of RMB10.66 (according to...
Chewy posted its quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of a loss of $0.12 per share. It incurred a loss of $0.04 per share a year ago. The online pet-products retail company’s revenue was $2.43 billion for the July quarter, was slightly below the $2.45 billion expectations among Wall Street analysts (according to FactSet estimates) . Chewy’s net sales...
Ulta Beauty posted its adjusted earnings of $5.70 per share for the quarter ended July, which exceeded the Zacks Consensus Estimate of $4.96 per share. Earnings were $4.56 per share a year ago. The beauty/cosmetics company’s revenues grew +16.8% from the year-ago quarter to $2.3 billion, and also topped the Zacks Consensus Estimate by 3.86%. Same-store sales rose +14.4%, well above the 10.5%...
Workday Inc. on reported its second-quarter results that surpassed analysts’ expectations. The enterprise cloud-software company incurred a loss of $64.2 million, or 25 cents a share, compared with net income of $105.7 million, or 41 cents a share, in the year-ago period. Its adjusted earnings, which exclude stock-based compensation, income-tax costs and other operating expenses, came in at...
Palo Alto Networks reported non-GAAP earnings of $2.39 per share for the three months ending in July ( its fiscal fourth quarter), which is +49.4% higher than the year-ago quarter’s figure. The cybersecurity company’s revenues came in around $1.6 billion, with billings up 44% from last year to $2.685 billion. Looking ahead into the coming fiscal year, Palo Alto Networks has projected revenues...
Macy's posted its second quarter earnings that surpassed the Street consensus. However, the retail company lowered its full-year profit forecast on inflation’s impact on consumer discretionary spending. The company ’s adjusted earnings for the three months ending in April fell 22% from the year-ago quarter to $1 per share, while beating analysts’ expectations of 85 cents share. Net sales fell...
Zoom Video Communications reported fiscal second-quarter adjusted earnings of $1.05 a share , topping 94 cents a share expected by analysts polled by FactSet. The company’s quarterly revenue came in at $1.1 billion, which is higher than $1.02 billion in the year-ago quarter. Analysts surveyed by FactSet had expected revenue of $1.12 billion. Zoom Video now projects full-year adjusted earnings...
Foot Locker's adjusted earnings for the three months ending In July plunged 50% from the year-ago quarter to $1.10 per share, but exceeded the Street consensus expectations of 81 cents per share. Revenues decreased 9% to $2.065 billion, vs. analysts' estimates of a $2.07 billion. Same-store sales fell 10.3%. For fiscal 2022, the company now projects earnings in the range of $4.25 to $4.45 per...
Globant SA reported second-quarter earnings of 87 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came in at $1.22 per share, topping the $1.21 per share expected by seven analysts polled by Zacks Investment Research. The information technology company’s revenue in the quarter was $429.3 million, which exceeded expectations of $427...
Carlsberg posted second quarter sales of 20.51 billion Danish crowns ($2.81 billion), lower than the 21.6 billion expected by analysts in a poll gathered by the company. The Danish multinational brewer maintained its full-year guidance, after it earlier this month boosted its outlook for organic profit to “high single-digit-percentage” growth - after better beer sales in Asia and Europe...
Deere & Co. missed earnings expectations amidst rising costs, notwithstanding strong revenue growth. It also lowered its full-year profit outlook. The agricultural equipment maker’s sales of $13.0 billion for the quarter ended July 31 beat analysts’ expectations of $12.78 billion. However, earnings came in at $6.16 per share, below analysts’ estimates of $6.69 per share (based on Refinitiv...
Keysight Technologies posted adjusted earnings of $2.01 per share for the third quarter, surpassing the consensus expectations of $1.79. Revenue came in at $1.38 billion, beating the Street expectations of $1.34 billion. Growth was +10% year-over-year, and +13% on a core basis. The company’s revenue from Communications Solutions Group grew +11% from the year-ago quarter, on the back of solid...
Cisco posted adjusted earnings of 83 cents a share, topping analysts’ expectations of 82 cents a share. Revenue of $13.1 billion also beat expectations ($12.73 billion.). Cisco’s top business segment, Secure, Agile Networks, fell 1% to $6.09 billion during the fourth quarter. Product ($9.69 billion) and Service ($3.41 billion) businesses were flattish from the year-ago period. For the full...
Lowe’s reported earnings per share of $4.67, exceeding the Zacks Consensus Estimate of $4.63. Net sales fell -0.3% from the year-ago quarter to $27,476 million, missing the Zacks Consensus Estimate of $28,195 million. Same-store sales slipped -0.3% in the quarter. However, comparable sales for the U.S. home-improvement business rose 0.2% in the reported quarter, and pro-customer sales climbed...
Target posted its second quarter earnings that plunged almost -90%, while missing analysts' expectations. The retail giant’s earnings for the quarter came in at $0.39 a share, vs. $3.65 a share a year ago. The figure is also well below FactSet's consensus estimate of $0.79 a share. Revenue of $26.04 billion, up from $25.16 billion a year earlier. Analysts expected $26.03 billion. Gross margin...
Janus International Group, Inc. adjusted earnings for the second quarter came in at $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share. It was $0.21 per share a year ago. Revenues of $247.71 million beat the Zacks Consensus Estimate by 7.38%. It was also higher than the year-ago quarter’s $174.18 million. The company has topped consensus revenue estimates four times...
Absa Group headline earnings rose +27% to Rands 11 billion in the first half of the year, bolstered by revenue growth. The African financial services company’s revenue for the first half climbed +14%, on the back of growth across business segments, a rebound in the insurance business in South Africa, and rising interest rates across key markets. Absa’s net interest income rose +12%, and...