Ciena Corp. earnings for third quarter fell short of the Street expectations, and also dipped from a year ago. The networking systems and software company's earnings for the quarter came in at $0.07 per share vs. $1.52 per share in the year-ago quarter. Excluding items, Ciena’s adjusted earnings of $0.33 per share was shy of analysts’ expectations of $0.34 per share (according to figures...
Ford Motor is recalling almost 200,000 large SUVs in the US, owing to risks associated with heating and cooling fan motors. The recall includes model year 2015-2017 Expeditions and Navigators, due to the possibility of interior fire originating at the blower motor located behind the glove box. According to the Ford’s statement posted on Thursday by the National Highway Traffic Safety...
Broadcom Inc. quarterly adjusted earnings came in at $9.73 per share for the quarter ended July 2022 , surpassing the Zacks Consensus Estimate of $9.62 per share. Earnings were $6.96 per share in the year-ago quarter. The semiconductor company’s revenues were $8.46 billion, topping the Zacks Consensus Estimate by 0.70%. Sales were $6.78 billion in the year-ago quarter. Broadcom CEO Hock Tan...
MongoDB reported second-quarter fiscal 2023 adjusted loss of -23 cents per share, beating the Zacks Consensus Estimate by 20.69%. The loss, however, is wider than the year-ago quarter’s -12 cents per share. The database company’s revenues surged +52.8% year over year to $303.7 million, exceeding surpassing the consensus expectations by 8.38%. Subscription revenues ( 96% of revenues) grew...
Hormel Foods posted its fiscal third-quarter earnings that missed analyst’ expectations, even as revenue surpassed estimates. The consumer food company’s sales in the quarter grew +6% from the year-ago period to $3.03 billion, above the consensus of $2.98 billion (as reported in Benzinga). Earnings per share of $0.40 , however, came in below the analyst consensus of $0.41. Net sales for...
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...