Breaking News
Jun 8, 2023
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HashiCorp Inc plunged 21.4% to $27.40 after the cloud computing company reported weaker than expected earnings.
Revenue in the first quarter ending in April increased 37% to $138.0 million and net loss shrank to $53.2 million from $82.2 million and diluted loss per share fell to 28 cents from 43 cents a year ago.
The company estimated fiscal second quarter revenue between $137 million and $139 million and non-GAAP loss per share between 14 cents and 16 cents.
The company estimated full-year revenue between $564 million and $570 million and non-GAPP loss per share between 24 cents and 27 cents.
In addition, the company announced its plan to reduce its workforce by 8% citing macroeconomic headwinds. -
Signet Jewelers Limited dropped 9% to $63.01 after the specialty retailer lowered its revenue and earnings estimate for the full-year and forecasted weaker-than-expected second quarter revenue and operating income.
Sales in the fiscal first quarter ending in April declined 9.3% to $1.7 billion and same store sales declined 13.9% from a year ago.
Sales in North America declined 8.4% to $1.6 billion and same store sales fell 14.2% from a year ago.
The company swung net income attributable to shareholders to $88.8 million from a loss of $92.1 million and diluted earnings per share was $1.79 compared to ($1.89).
The company declared quarterly dividend per share of 23 cents to shareholders on record July 28 and payable on August 25.
The company repurchased $39.1 million of its shares in the first quarter. -
GameStop Corp declined 21.6% to $20.46 after the company ousted chief executive Matthew Furlong and said Ryan Cohen will take over as executive chairman.
Net sales in the first quarter ending in April declined to $1.237 billion from $1.378 billion and net loss shrank to $50.5 million from $157.9 million and diluted loss per share fell to 17 cents from 52 cents a year ago.
The company ousted chief executive Matthew Furlong and said Ryan Cohen will take over as executive chairman. -
Stitch Fix Inc soared 9% to $4.01 after the online fashion platform posted a loss of 19 cents a share on revenue of $395 million.
Net revenue in the fiscal third quarter ending in April declined 20% to $394.9 million and active clients fell 11% to 3.476 million.
Net loss in the quarter shrank to $12.8 million from $78 million and diluted loss per share fell to 19 cents from 78 cents a year ago.
The company estimated fiscal fourth quarter revenue between $345 million and $365 million, a decline between 20% and 22% from a year ago.
The company also said it plans to exit from the UK in the next fiscal year. -
Dave & Buster's Entertainment Inc jumped 4.7% to $35.34 after the restaurant chain operator reported quarterly results ahead of market expectations.
Revenue in the first quarter increased 32.4% to $597.3 million and comparable sales including Main Event stores decreased 4.1% from a year ago.
Net income increased to $70.1 million from $67.0 million and diluted earnings per share advanced to $1.45 from $1.35 a year ago.
The company repurchased 3.6 million shares in the first quarter at a total cost of $125.5 million and subsequent to the end of the quarter, the company purchased an additional 2.1 million shares at a total cost of $74.5 million, bringing the total repurchases in fiscal 2023 to 5.7 million shares totaling $200.0 million, representing 11.8% of the outstanding shares as of the end of fiscal 2022.
The company signed two international franchise agreements for up to 15 stores in India and up to 5 stores in Australia. -
Yext Inc soared 45% to $13.94 after the online marketplace operator reported better-than-expected quarterly results.
Revenue in the fiscal first quarter ending in April increased 1% to $99.4 million from $98.8 million and net loss shrank to $0.4 million from $25.8 million and diluted loss per share eased to breakeven from 20 cents a year ago. -
Thor Industries Inc soared 8.6% to $89.03 after the recreational vehicle maker reported better-than-expected quarterly earnings and lifted its full-year estimate.
Net sales in the third quarter ending in April dropped 37.1% to $2.93 billion and net income plunged to $120.7 million from $348.1 million and diluted earnings per share fell to $2.24 from $6.32 a year ago.
The company tightened its full-year net sales and diluted earnings per share outlook.
The company lowered its fiscal year 2023 sales range between $10.5 billion and $11.0 billion from the previous range between $10.5 billion and $11.5 billion.
Fiscal year 2023 diluted earnings per share range was revised to between $5.80 and $6.50 from between $5.50 and $6.50. -
Mobileye Global Inc declined 2.5% to $41.44 after the company announced its plan to sell 35 million class A shares in a secondary offering according to a regulatory filing.
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GitLab Inc increased 23.6% to $43.77 after the database developer reported smaller-than-estimated loss and offered a positive outlook for the current quarter and full-year.
Revenue in the fiscal first quarter ending in April increased 45% to $126.9 million from $87.4 million and net loss expanded to $52.5 million from $26.1 million and diluted loss per share widened to 35 cents from 18 cents a year ago.
The company guided fiscal second quarter revenue between $129.0 million and $130.0 million and for full-year between $541.0 million and $543.0 million.
The database developer forecasted non-GAAP fiscal second quarter net loss between 10 cents and 11 cents and for full-year 14 cents and 18 cents. -
Cracker Barrel Old Country Store, Inc decreased 2.5% to $94.93 after the reported quarterly results that missed some investors' expectations.
Revenue in the fiscal third quarter ending in April increased 5.4% to $832.7 million, and comparable store restaurant sales increased 7.4% while comparable store retail sales fell 4.6%.
Net income declined to $14.0 million from $27.5 million and diluted earnings per share fell to 63 cents from $1.19 a year ago.
The company estimated fiscal fourth quarter revenue to increase between 1% and 3% and capital expenditure between $30 million and $35 million.
In the quarter, the restaurant company plans to open one new Cracker Barrel restaurant and five to seven new Maple Street Biscuit Company restaurants.
The company also estimated flat commodity inflation in the quarter and wage inflation of approximately 5% compared to a year ago.
GAAP operating income margin rate of 4.1% to 5.1% and adjusted operating income margin rate of 4.5% to 5.5%.
Jun 7, 2023
Jun 6, 2023