Canopy Growth announced its quarterly earnings results that missed analysts’ expectations. The cannabis company reported ($1.46) loss per share for the quarter, missing the consensus estimate of ($0.24), Briefing.com reports. Revenue of $126.10 million, down 24.7% from the year-ago quarter, also was below analyst estimates of $130.34 million. Cash was at $1.4 billion as of the quarter’s end,...
Big Lots posted its quarterly earnings that missed analysts’ expectations. The retail company’s earnings of $0.39 came in below analysts’ consensus estimates of $1.10 (RTT News reports). Revenue fell -15.4% from the year-ago quarter to $1.37 billion during the quarter, compared to analyst estimates of $1.46 billion. Big Lots e-commerce revenue (which accounts for more than 7% of sales)...
Hibbett Sports posted first quarter earnings that fell short of Zacks Consensus expectations. Revenue, however, topped estimates despite a year-over-year decline. The sports apparel company’s adjusted earnings came in at $2.89 per share for the quarter, below Zacks Consensus Estimate of $3.29. The EPS is -42% lower than the year-ago quarter’s $5.00. Net sales plunged -16.3% year over year to...
Workday reported its quarterly earnings that missed analysts’ expectations. The software company’s earnings for the quarter came in at $0.83 per share, falling short of analysts’ consensus estimates of $0.85. Revenue rose +22.1% from the year-ago quarter to $1.43 billion during the quarter, vs. consensus estimate of $1.43 billion. Looking ahead, Workday projected an adjusted operating margin...
Burlington Stores reported its fiscal first quarter earnings that fell short of the Zacks Consensus Estimate. The apparel products retailer’s quarterly adjusted earnings came in at $0.54 per share for the quarter ended April 2022, below the Zacks Consensus Estimate of $0.64 per share. Earnings were $2.59 per share a year ago. Revenues of $1.93 billion missed the Zacks Consensus Estimate by...
Ulta Beauty posted its first quarter earnings that surpassed analysts' expectations. Revenue, too, beat expectations. The beauty/cosmetics company’s earnings came in at $6.28 per share, well above the $4.44 expected by analysts polled by Investing.com. Revenue rose +21% from the year-ago quarter to $2.35 billion also exceeding expectations of $2.12 billion. Relaxation of pandemic-driven...
Snowflake posted its fiscal first-quarter earnings that surpassed expectations. The cloud-computing date warehousing company’s fiscal 2023 non-GAAP earnings came in at 1 cent per share, exceeding the Zacks Consensus Estimate by 200%. The company incurred a loss of -24 cents in the year-ago quarter. Revenues climbed +84.5% from the year-ago quarter to $422.4 million, beating the consensus...
Bank of Nova Scotia beat second-quarter earnings expectations, but projected higher expenses and loan-loss provisions and slower mortgage growth, amidst rising inflation and interest rates. Scotiabank’s adjusted earnings came in at C$2.18 per share, handily topping expectations of C$1.96. Canada’s third-biggest lender experienced more than 20% year-over-year increase in their Canadian...
NVIDIA posted its quarterly earnings results, that surpassed analysts’ expectations. The computer hardware producer’s earnings came in at $1.36 a share, well above consensus estimate of $1.29 , MarketWatch Earnings reports. Revenue surged 46.4% from the year-ago quarter to $8.29 billion, also topping analysts’ expectations of $8.09 billion. Nvidia’s data center revenue climbed +83.1% from the...
Kohl’s reported results for the quarter ended April, where earnings fell short of analysts’ expectations, even as revenue topped estimates. The department store chain’s earnings per share: for the quarter came in at 11 cents, much lower than the 70 cents expected by analysts polled by analysts polled by Refinitiv. The company, like several other retailers, has faced challenges due to the...
Grab Holdings reported first quarter revenue for that surpassed Wall Street expectations. The Singaporean technology company’s first-quarter revenue came in at $228 million, well above the Street estimates of $127.7 million, according to FactSet. Gross merchandise value (the sum of the total dollar value of transactions from Grab’s services, including any applicable taxes, tips, tolls and...
Deere & Company posted its earnings that surpassed analysts’ expectations. The agricultural machinery company’s earnings came in at $6.81 per share for the quarter, well above analysts’ consensus estimates of $6.69, (RTT News reports). Deere & Company’s revenue rose +9.4% from the year-ago to $12.03 billion for the quarter, compared to analysts’ expectations of $13.16 billion...
Tencent posted its first quarter results, where revenue across all business segments slipped -0.12% from the year-ago quarter to 135.47 billion yuan —below FactSet consensus estimates for 140.82 billion yuan. The Chinese company’s profit attributable to shareholders decreased by -23% from a year ago. Revenue from the business segment that includes gaming (which is Tencent's largest source of...
Target posted second-quarter earnings of $3.64 per share, which surpassed analysts’ expectations of $3.49 per share. Revenue came in at $25.16 billion, which beat the estimate of $25.08 billion. The firm also recently declared a quarterly dividend of $0.90 per share, which will be paid on June 10th, to investors of record on May 18th...
Cisco Systems posted its third-quarter fiscal 2022 non-GAAP earnings of 87 cents per share, which beat the Zacks Consensus Estimate by 1.16%. Revenues rose +0.2% year over year to $12.84 billion, falling short of Zacks Consensus Estimate by 3.70%. In geographical regions, Americas revenues rose +3% year over year to $7.64 billion. Revenues from EMEA climbed +6% year over year to $3.271...
Burberry Group posted its fourth quarter earnings that fell short of analysts' expectations, even as revenue that exceeded estimates. The British luxury retail company’s earnings came in at £0.62 a share, vs. £0.63 a share expected by analysts polled by Investing.com. Revenue of £1.61 billion, however, surpassed expectations of £1,595M. Burberry is maintaining its forecast of high...
Palo Alto Networks posted its third-quarter fiscal 2022 results, where earnings grew year-over-year and also surpassed Zacks Consensus Estimates. Revenues, too, topped expectations. The cybersecurity company’s non-GAAP earnings rose +29.7% from the year-ago quarter to $1.79 per share, well above the Zacks Consensus Estimate of $1.67. Palo Alto’s fiscal third-quarter revenues of $1.39 billion...
Lowe’s posted its fiscal first quarter earnings that surpassed Zacks consensus expectations, even as revenue missed estimates. The home improvement retailer’s earnings came in at $3.51 a share, exceeding the Zacks Consensus Estimate of $3.24. It is +9.3% higher from the year-ago quarter. Net sales fell -3.1% year-over-year to $23,659 million, below the Zacks Consensus Estimate of $23,731...
Walmart posted its Q1 earnings that missed analysts’ expectations. While its growth is strong, inflation proved to be a headwind to bottom line. The retail giant’s Q1 earnings came in at $1.30, below the Street expectations of $1.48. Total revenue rose to $141.57 billion from $138.31 billion a year earlier, above analysts’ estimates of $138.94 billion. Net sales in the quarter rose +2.3%...
Keysight Technologies, Inc. posted second-quarter fiscal 2022 (ended Apr 30, 2022) earnings surpassed Zacks Consensus expectations. Revenue, too beat estimates. The net income came in at $1.83, beating the Zacks Consensus Estimate by 16 cents. Revenue rose +11% year over year to $1,351 million, exceeding the Zacks Consensus Estimate of $1,302 million. The Communications Solutions Group grew...