Nike announced that it making a full exit from Russia, following three months of suspending its operations in the country. In March, the sneakers and sports apparel company had temporarily suspend operations at all its stores in Russia, in response to the latter’s war on Ukraine. On Thursday, it confirmed its complete exit from there. Nike’s revenue from Ukraine and Russia combined is less...
Lennar posted its second-quarter earnings that surpassed analysts’ expectations, leading to the homebuilding company’s shares climbing by as much as 5% in the premarket Tuesday. Net income rose to $4.49 a share, from the year-ago quarter’s $2.65 a share. Excluding mark-to-market losses on technology investments, the company’s earnings came in at $4.69, exceeding the consensus expectations of...
John Wiley & Sons posted its fourth quarter results that showed a +2% year-over-year increase in total revenue of $546 million. The publishing company’s earnings per share came in at $0.76, climbing +4% from the year-ago quarter. At constant currency, revenue was up +4% to $546 million, while earnings per share fell -6% to $1.08. For full fiscal year 2023, the company now expects earnings per...
Coda Octopus Group posted its quarterly earnings results that fell short of analysts’ expectations. The company, which specializes in underwater technologies, reported earnings of $0.05 per share for the for its second quarter ended April 30, missing analysts’ expectations of $0.08 (Fidelity Earnings reports). Coda’s revenue fell -7.3% year-over-year to $4.98 million in the quarter. Annmarie...
Hexo posted its fiscal third-quarter revenue of C$45.6 million, which is +101% higher from a year earlier. However, it fell -14% quarter-over-quarter. The cannabis company reported an adjusted loss of C$-0.045 a share, in line with expectations of analysts polled by Investing.com. According to the company, its 450 staff retrenchments will lower sales and administrative expenses by 30%, or...
Adobe reported second quarter earnings that were higher than what analysts’ expected. Revenue, too, topped analysts’ estimates. The software company’s adjusted earnings during the quarter ended June 3 came in at $3.35 per share, compared to the $3.31 per share expected by analysts, according to Refinitiv. Revenue rose +14% from the year-ago quarter to $4.39 billion ,also exceeding analysts’...
U.S. retail sales fell in the month of May, amidst record high inflation rates dampening consumers’ discretionary spending. Data from Commerce Department indicated that May retail sales slipped -0.3% over the month to a $672.9 billion, below the Street consensus forecast of a +0.2% gain. It also marked a departure from a four-month stretch of consecutive gains. Excluding the auto sector, May...
Intellicheck reported its first quarter earnings that exceeded analysts’ expectations. The identity validation solutions company incurred loss of ($0.08) per share for the quarter, narrower than the ($0.10) anticipated by analysts, Fidelity Earnings reports. The company had a loss of ($0.06) a share. Revenue surged +19% from the year-ago quarter to $3.4 million, beating analysts’ estimate by...
Oracle posted its fiscal fourth-quarter results that surpassed analysts' expectations. The software behemoth’s adjusted earnings for the quarter came in at $1.54 per share, well above the $1.37 expected by analysts polled by Refinitiv. Revenue rose +5% from the year-ago quarter to $11.84 billion, topping analysts’ estimates of $11.66 billion. Oracle’s cloud infrastructure business increased...
DocuSign posted its first quarter earnings that missed the Street expectations. The digital signature company’s adjusted earnings for the quarter ended April 30 came in at 38 cents per share, below the 46 cents per share as expected by analysts (according to Refinitiv poll). Revenue for the quarter rose +25% from the year-ago quarter to $588.7 million, compared to $581.8 million expected by...
J. M. Smucker reported its quarterly earnings that surpassed analysts’ expectations. The food manufacturing company’s earnings came in at $2.23 per share for the quarter, handily topping analysts’ consensus estimates of $1.88. The EPS was $1.89 in the prior year quarter. Revenue grew +5.9% from the year-ago quarter to $2.03 billion, also surpassing analysts’ expectations of $1.98 billion. J...
American Software reported its fiscal fourth quarter earnings that topped the Zacks Consensus Estimate . The company’s adjusted earnings for the quarter ended April 2022 came in at $0.13 per share, compared to the Zacks Consensus Estimate of $0.08 per share. The figure is also higher than the year-ago quarter’s $0.11 per share. It has topped consensus estimates for earnings per share four...
ABM Industries Inc. posted its second quarter earnings that exceeded the Zacks Consensus Estimate, even as revenues missed expectations. The facility management provider’s adjusted earnings from continuing operations came in at 89 cents per share, beating the Zacks consensus estimates by 6%. The figure is + 8.5% higher year over year. Revenues surged +26.7% from the year-ago quarter to $1.89...
Oxford Industries posted its quarterly earnings that topped the Zacks Consensus Estimate. The company’s quarterly adjusted earnings came in at $3.50 per share, exceeding the Zacks Consensus Estimate of $2.78 per share. Earnings were $1.89 per share a year ago. Revenues of $352.58 million for the quarter surpassed the Zacks Consensus Estimate by 7.16%. The figure is also higher than year-ago...
Coupa Software posted fiscal first quarter earnings that surpassed Zacks Consensus Estimate. Non-GAAP net income during the quarter came in at 8 cents per share, exceeding the Zacks Consensus Estimate by 3 cents. Revenues grew +17.6% from the year-ago quarter to $196.4 million, also topping the Zacks Consensus Estimate of $196 million. Growth was bolstered by strength in Antares app, which...
PagerDuty Inc. reported earnings that exceeded analysts’ expectations. Revenue, too, topped estimates. The cloud computing company had a fiscal first-quarter net loss of - 38 cents a share, wider than the year-ago quarter’s net loss of -27 cents a share. The adjusted net loss for the quarter came in at -4 cents a share, narrower than analysts’ expectations of - 8 cents a share (based on...
CrowdStrike Holdings Inc. posted its fiscal first quarter earnings results, that beat analysts’ expectations. The cybersecurity company also boosted its annual guidance. CrowdStrike incurred a fiscal first-quarter loss of - 14 cents a share. Its adjusted earnings came in at 31 cents a share, handily topping the 23 cents a share expected by analysts polled by FactSet. The figure was 10 cents a...
Hewlett Packard Enterprise (HPE) posted its fiscal second quarter earnings that fell short of analysts’ expectations. The IT company's earnings for the quarter came in at $0.19 per share. Excluding items, adjusted earnings were $0.44 per share for the period, compared to analysts’ estimates of $0.45 per share, (according to figures compiled by Thomson Reuters). Revenue for the quarter climbed...
Asana reported its quarterly earnings, that exceeded analysts’ expectations. The work management technology company posted a loss of ($0.30) per share for the quarter, exceeding the consensus estimate of ($0.36), MarketWatch Earnings reports. The company posted ($0.31) loss per share in the year-ago quarter. Revenue surged +57.4% from the year-ago quarter to $120.65 million, also topping...
Okta posted its first quarter earnings that exceeded analysts’ expectations. The enterprise identity management company’s earnings came in at ($0.27) per share for the quarter, beating analysts’ consensus estimates of ($0.34), MarketWatch Earnings reports. Revenue surged +65.3% from the year-ago quarter to $414.94 million, compared to the consensus estimate of $388.77 million. Okta updated...