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...
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...