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...
IDW Media Holdings third quarter consolidated revenue climbed +14% from the year-ago quarter to $7.7 million. Publishing revenue fell slightly to $6.6 million, compared to $6.8 million a year ago, largely owing to a decrease in the direct market of $1.1 million due to the solid comic release of The Last Ronin #3 in the prior year, as indicated by CFO Brooke Feinstein in the earnings call (as...
Nobility Homes, Inc. posted its diluted earnings for its third quarter (ended August 6) of $0.56 per share compared to $0.29 per in the year-ago quarter. Sales increased +18% from the year-ago period to $13.8 million. Net income after taxes was $1.9 million as compared to $1.0 million for the same period last year. Nobility's cash and cash equivalents, certificate of deposits and short term...
FedEx stock experienced one of its steepest one-day plunges in decades. The package delivery company’s shares were down more than 22% on Friday. This follows FedEx’s preliminary first-quarter results that fell short of analyst’ expectations, while the company also indicated caution about earnings. The company expects its fiscal-first-quarter earnings would be nearly $3.44 a share. That’s...
Adobe Inc. posted its third-quarter fiscal 2022 non-GAAP earnings came in at $3.40 per share, beating the Zacks Consensus Estimate by 2.1%. The figure improved 9.3% from the year-ago quarter. Revenues grew +13% from the year-ago quarter to $4.433 billion, which topped the Zacks Consensus Estimate of $4.430 billion. Subscription revenues increased +12.9% o year-over-year to $4.13 billion (~...
U.S. inflation slowed again last month, even as core consumer price index accelerated. The headline consumer price index (CPI) in August rose +8.3% year-over-year, compared to +8.5% in July. The figure, however, exceeded the Street consensus forecast of 8.1%. While the energy price fell -5% from the year-ago period, food price inflation came in at +11.4% y/y (the fastest pace since April...
Nio second quarter revenue exceeded CNY10 billion (USD1.4 billion) for the first time, growing 21.8% from the year-ago quarter. The electric gross margin on vehicle sales was 16.7 percent, exceeding market expectations. The electric vehicle maker’s research and development spending (CNY2.1 billion) more than doubled from the year-ago quarter, and its losses widened more than three-and-a-half...
Verint Systems posted quarterly adjusted earnings of $0.56 per share for the quarter ended July 2022, exceeding the Zacks Consensus Estimate of $0.53 per share. Earnings were $0.58 per share a year ago. Revenues of $223.63 million, however, came in 1.08% below Zacks Consensus Estimate. Revenues were $215.63 million in the year-ago quarter. For the coming quarter, the current consensus EPS...
John Wiley & Sons Inc. reported fiscal first quarter adjusted earnings of $0.36 per share, which was below consensus of $0.67. Sales fell - 0.1% year-on-year to $487.57 million, missing the consensus estimate of $501.60 million. Revenue from Research was flat, Academic & Professional Learning decreased -5%, and that from Education Services rose by +7%. Adjusted EBITDA margin was 13.1%,...
American Eagle Outfitters posted loss of -24 cents a share in the second quarter, compared to earnings of 56 cents a share in the year-ago period. The retail company’s adjusted earnings were 4 cents a share, falling short of analysts’ expectations of 13 cents a share. Revenue was flat at $1.2 billion matching expectations from analysts polled by FactSet. For the coming quarter, the current...
Gamestop reported losses for its second fiscal quarter, that were wider than the prior year quarter’s figure. In the three months ended July 30, the gaming retail company incurred losses of -$108.7 million, or -36 cents per share, compared with a loss of -$61.6 million, or -21 cents, a year earlier. Revenue fell to $1.14 billion, from $1.18 billion in the year-ago quarter. Gamestop has been...
Guidewire Software posted its adjusted earnings of $0.03 per share for the quarter ended July 2022, crushing the Zacks Consensus Estimate of a loss of -$0.04 per share. It is, however, lower than the year-ago quarter’s $0.37 per share a year ago.. Revenues rose +7% from the year-ago quarter to $244.6 million, also surpassing the Zacks Consensus Estimate by 6.58%. Subscription and support...
Avid Bioservices posted adjusted earnings of $0.04 per share for the quarter ending July 2022, exceeding the Zacks Consensus Estimate of $0.03 per share. Earnings were $0.10 per share in the year-ago quarter. Revenues of $36.69 million for the quarter also topped the Zacks Consensus Estimate by 7.92%. The figure is also higher than year-ago period’s $30.75 million. The current consensus EPS...
Coupa Software reported adjusted earnings of 20 cents in a share for the second quarter, handily topping analyst’ expectations of 9 cents a share (based on FactSet poll). Revenue of $211.1 million also beat consensus of $203.8 million. The company offers payment management software for procurement, invoicing, sourcing and business expenses. For the current quarter, Coupa is expecting earnings...
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Brady Corp.’s diluted earnings per share rose +52.8% from the year-ago quarter to a record high of $0.81 in the fourth quarter of fiscal 2022. Diluted EPS Excluding Certain Items climbed +16% year-over-year to an all-time record high of $0.87 in the quarter ended July 31. Diluted EPS guidance for the year ending July 31, 2023 was announced at a range of $3.13 to $3.43 on a GAAP basis, and a...