John Wiley & Sons Inc. posted a year-over-decrease in quarterly earnings, and also cut its revenue guidance for the fiscal year 2023, citing softening consumer spending and enrollment challenges. The publishing company reported earnings of 68 cents a share for the quarter ended Oct. 31, lower than 99 cents a share in the year-ago quarter. Adjusted earnings (i.e. stripping out one-time items,...
Broadcom posted fourth quarter earnings that handily topped the Street expectations. The chipmaker also indicated that it will maintain its current dividend strategy. Adjusted earnings came in at $10.45 per share, well above analysts’ forecast of 17 cents. Revenues climbed +21% year-over-year to $8.93 billion. The company’s broadband revenues were up +20% while wireless revenues grew +13%...
Hello Group Inc.’s third-quarter FY22 net revenue fell -14% year-on-year to $454.5 million,but surpassed the consensus of $445.8 million (according to Benzinga report). Revenues from the Live video service plunged -23.5% year-over-year to $233.0 million. Total value-added service was up +0.3% y/y to $216.2 million, while Mobile marketing revenue decreased -34.8% Y/Y to $4.0 million. Mobile...
Descartes Systems posted third quarter adjusted earnings of $0.31 per share, which exceeded the Zacks Consensus Estimate of $0.27 per share (according to Zacks Equity Research). This compares to earnings of $0.30 per share a year ago. Revenues came in at $121.47 million, falling short of the Zacks Consensus Estimate by 1.33% (according to Zacks Equity Research). The figure is higher than the...
Costco posted earnings of $1.36 billion, or $3.07 a share, in the fiscal first quarter, missing analysts’ expectations of $3.12 a share. However, the figure was higher than the year-ago quarter’s compared with $2.98 a share. The retail company’s revenue climbed +8% from the year-ago quarter to $54.44, vs. analysts’ estimates of $58.36 billion. Same-store sales were up +6.6% (vs. the Street...
Verint Systems reported quarterly adjusted earnings of $0.69 per share, which exceeded the Zacks Consensus Estimate of $0.58 per share (according to Zacks Equity Research). This compares to earnings of $0.69 per share a year ago. Revenues of $225.62 million (vs. $226.93 million in the year-ago quarter) missed the Zacks Consensus Estimate by 0.80%. (according to Zacks Equity Research). The...
GameStop reported a wider-than-expected loss for its third quarter, as the video game retailer continues to focus on its transition into digital asset sales. GameStop incurred an adjusted loss for the three months ending in October came in at -31 cents per share, compared to the Street consensus forecast of a -28 cents per share loss. Loss was -35 cents per share in the year-ago quarter...
Zuora Inc. quarterly earnings that beat expectations, but provided a lower-than-expected guidance. It also announced plans to retrench around 11% of its staff. The software company incurred a fiscal third-quarter net loss of -$37.0 million, or -28 cents a share, worse than the year-ago loss of -$22.9 million, or -18 cents a share. On an adjusted basis, Zuora lost -2 cents a share, flattish...
Toll Brothers Inc. posted its fiscal fourth-quarter earnings that exceeded analysts’ expectations. Demand, however, may still facing headwinds due to rising interest rates. The homebuilder’s earnings came in at $5.63 per share, handily topping the $4.01 per share expected by analysts polled by FactSet. The figure is also higher than the year-ago quarter’s $3.02 per share. Revenue increased to...
Casey's General Stores posted adjusted earnings of $3.67 per share for the quarter ended October, which exceeded the Zacks Consensus Estimate of $3.27 per share (according to Zacks Equity Research). Earnings were $2.59 per share a year ago. Revenues of $3.98 billion for the quarter missed the Zacks Consensus Estimate by 4.14%. This compares to year-ago revenues of $3.26 billion. Inside...
Zscaler incurred a net loss of -US$68.2 million, which is -25% narrower from 1Q 2022. Loss per share was -$0.47 loss vs. -$0.65 loss in 1Q 2022, and exceeding analyst estimates by 16%. Revenue climbed +54% year-over-year to $355.5 million, beating analysts’ estimates by 4.3%. Looking ahead, the company expects adjusted earnings of $1.23 to $1.25 a share for the year (vs. analysts’ forecast of...
Kroger posted revenue that experienced strong growth and beat the Street expectations. However, earnings missed estimates. The grocery company’s revenue grew +7.3% from the year ago quarter to $34.2 billion – exceeding analysts’ expectations by $277.67 million (according to a Seeking Alpha report). Earnings came in at $0.56 (down from $0.64 in the year-ago quarter), also missing analysts’...
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Ulta Beauty topped analysts’ expectations in its fiscal third quarter, and boosted its guidance for the full year amidst solid demand. The skincare/cosmetics company’s earnings for the quarter came in at $5.34 per share, surpassing analysts’ expectations of $4.15 per share. Revenue of $2.34 billion also beat expectations of $2.21 billion. Comparable sales climbed +14.6% year over year (vs.+...
Crowdstrike incurred a loss of -$55 million, or -24 cents a share in the fiscal third quarter, compared to a loss of -$50.5 million, or -22 cents a share, in the year-ago quarter. Adjusted earnings came in at 40 cents a share (rising from 17 cents a share in the year-ago period), while analysts expected 28 cents a share. Revenue rose to $580.9 million from $380.1 million in the year-ago...
Workday posted its fiscal Q3 quarterly adjusted earnings of $0.99 per share, which exceeded the Zacks Consensus Estimate of $0.84 per share. Earnings were $1.10 per share a year ago (according to Zacks Equity Research). Revenues came in at $1.6 billion for the quarter (rising from $1.33 billion a year ago), beating the Zacks Consensus Estimate by 1.18%. Subscription revenue climbed +22% to...
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Hormel Foods reported fourth-quarter earnings that topped analysts’ expectations. However, the food company’s forecast for 2023 sales were lower than anticipated. Diluted earnings for the quarter came in at 51 cents a share, vs. Wall Street analysts’ expectations of 50 cents a share. Net sales in the quarter were down -5% year-over-year to $3.3 billion, with organic net sales up +2%,...
Biogen shares plunged on Monday, following reports that a woman who participated in a trial of the drugmaker's developing Alzheimer's treatment died due to a brain hemorrhage. The company is developing the drug with Eisai Co. According to Science.org, the case involved a 65-year-old woman who died of a massive brain hemorrhage following a stroke and a type of brain swelling and bleeding in a...
Campbell Soup Company reported fiscal Q4 earnings in line with expectations. For the three months ending September 1st, the food company’s earnings came in at $0.56 per share, matching the consensus. The figure is above the year-ago quarter’s $0.55 per share. Revenue of $1.99 billion was slightly higher than the year-ago quarter’s $1.98 billion. Earlier in the week, Campbell Soup entered into...