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Gitlab Inc increased 0.7% to $50.10 after the database platform developer reported better-than-expected second quarter results.

Second quarter revenue increased 38% to $139.6 million from $101 million and net loss shrank to $51.2 million from $61.5 million and diluted loss per share decreased to 33 cents from 40 cents.

The company guided third quarter revenue between $140 million and $141 million and fiscal year 2024 revenue between $555 million and  $557 million. 

 


06 Sep, 2023

 

Roku Inc soared 6.8% to $88.86 after the company lifted its third quarter revenue to a new range between $835 million and $875 million from the previous estimate of $815 million. 

The company also announced its plan to lay off 10% of its staff and review its aggregated content to trim costs and consolidate its office space. 


06 Sep, 2023

 

Southwest Airlines Co declined 3.2% to $29.82 after the regional airline estimated August bookings were near the "lower-end" of the company's expectations. 

The airline also added third quarter revenue per seat mile is likely to be near the low end of its previous estimate.  


06 Sep, 2023

 

Asana Inc declined 12.4% to $18.94 despite the work management reporting strong quarterly results and revised higher its full-year outlook. 

Revenue in the second quarter increased 20% to $162.5 million from $134.9 million and net loss shrank to $71.4 million from $113 million and diluted loss per share declined to 33 cents from 55 cents a year earlier. 

The company revised higher its third quarter revenue to between $163.5 million and $164.5 million, an increase of 16% and full-year 2024 revenue between $642 million to $648 million, an increase of 17% from a year ago. 


06 Sep, 2023

 

Warner Bros Discovery Inc decreased 0.5% to $11.52 after the company said that the current strikes from writers and actors could negatively impact adjusted operating earnings between $300 million and $500 million. 

The company provided the latest projections in a filing with the SEC. 

The movie studio operator is expecting lower adjusted operating earnings for the full year in the range of $10.5 to $11 billion, reflecting impact from strikes. 

The company revised higher its full-year free cash flow expectations to at least $5 billion and third quarter free cash flow of $1.7 billion, in part due to strong performance of Barbie. 


05 Sep, 2023

 

Brady Corp soared 11.1% to $56.48 after the company posted quarterly results and reported adjusted earnings per share of $1.04. 

Sales in the fiscal fourth quarter ending in July increased 6.8% to $345 .9 million from $324 million and net income rose to $49.4 million from $41 million and diluted earnings per share advanced to $1.0 from 81 cents a year ago. 

During the quarter and year ended July 31, the company returned $56.4 million and $120.4 million, respectively, to shareholders in the form of dividends and share repurchases. 

On August 30, the Board of Directors authorized an additional $100 million of shares for repurchase, about 2 million shares based on current share price and approximately 4.4% of total outstanding shares.

The industrial printer maker forecasted diluted earnings per share in the fiscal 2024 to range between $3.70 and $3.95. 


05 Sep, 2023

 

Airbnb Inc jumped 6.3% to $140.81 after the S&P Dow Jones Indices announced Friday that the short term rental platform operator will be included in the S&P 500 index from Sep 18. 

Blackstone and Airbnb will replace Newell Brands and Deere & Company. 


05 Sep, 2023

 

Victoria's Secret & Company declined 4.9% to $17.06 after the lingerie retailer reported disappointing second quarter results. 

The specialty retailer reported revenue declined 6% to $1.43 billion from $1.52 billion and comparable store sales decline accelerated to 14% from 7% a year ago. 

Net income attributable to shareholders swung to a loss of  ($1.4 million) from a profit of $69.9 million and diluted earnings per share plunged to (2 cents) from 83 cents year ago. 

The company is forecasting third quarter net sales to decline in low- to mid-single digit from the last year's sales of $1.32  billion and adjusted operating loss in the range of $45 million and $75 million and adjusted net loss per share in the range of 70 cents to $1.0. 

The company added full-year 2023 net sales to decrease in the "low-single digit range" compared to last year and estimated adjusted operating income in the range of 5% to 6% of net sales. 


31 Aug, 2023

 

Chewy Inc dropped 15.1% to $23.12 after the online pet food retailer said second quarter sales of $2.78 billion and diluted earnings per share of 4 cents. 

The company said in a conference call with investors that active customers declined 0.6% to 20.4 million and customers are trading down amid high inflation.

Net sales for active customer increased 14.7% to $530 and auto customers sales increased 240 basis points to 75.5%. 

Despite the customers substituting lower priced treats for pets, gross margin increased 20 basis points to 28.3%, indicating prudent promotional activities. 

Net sales increased 14.3% to $2.78 billion and net income declined to $18.9 million from $22.3 million and diluted earnings per share fell to 4 cents from 5 cents a year ago. 


31 Aug, 2023

 

Five Below Inc declined 4.5% to $174.88 after the deep discount retailer forecasted weak third quarter results. 

The retailer estimated third quarter revenue to fall between $715 million and $730 million and earnings per share between 17 cents and 25 cents, sharply lower than estimates set by some analysts. 

Revenue in the second quarter increased 13.5% to $758.9 million from $668.9 million, reflecting comparable sales increase of 2.7% and comparable transactions advanced 4.5%. 

Net income advanced to $48.6 million from $41.3 million and diluted earnings per share rose to 84 cents from 74 cents a year ago. 

In the quarter, the company opened 43 new stores and ended the quarter with 1,407 stores, representing 12.4% increase in store count from a year ago. 

The discount retailer forecasted full-year revenue in the range of $3.50 billion to $3.57 billion based on opening over 200 new stores and assuming an approximate 1% to 3% increase in comparable sales.  

Net income is expected to be in the range of $295 million to $311 million and  diluted income per common share in the range of $5.27 to $5.55 on approximately 55.9  million outstanding shares.  


31 Aug, 2023

 

Signet Jewelers Ltd increased 5.3% to $75.27 after the retailer reported better-than-expected quarterly results. 

Sales in the second quarter ending in July declined 8.1% to $1.6 billion and same store sales plunged 12% from a year ago. 

Same store sales in North America declined 12.2% and nonstore sales, which includes online sales, rose 5.2%, resulting in a decline of 7.1% to $1.5 billion. 

Net income attributable to common shareholders plunged to $66.5 million from $136.8 million and diluted earnings per share fell to $1.38 from $2.56 a year ago. 

The retailer guided third quarter sales to decline to between $1.36 billion and $1.41 billion and full-year revenue between $7.1 billion and $7.3 billion and diluted earnings per share between $9.55 and $10.64. 


31 Aug, 2023

 

PVH Corp rose 1% to $80.99 after the owner of several apparel brands including Calvin Klein reported strong quarterly results. 

The apparel maker reported quarterly revenue increased 2.2% to $2.21 billion and net income declined to $94.2 million from $115.3 million and diluted earnings per share fell to $1.50 from $1.72 a a year ago. 

The company also lifted its full-year earnings per share and revenue outlook.  

The company forecasted 2023 revenue to increase between 3% and 4% compared to 2022 and diluted earnings per share to be $9.60 compared to $3.03 respectively. 

In the third quarter, the company forecasted revenue to increase in "mid-single" digits and GAAP earnings per share of $2.43 compared to a loss of $2.88 a year ago. 


30 Aug, 2023

 

Best Buy Co Inc fell 5.6% to $78.28 after the electronics retailer reported fiscal second quarter results ahead of market expectations. 

Revenue in the second quarter declined to $9.6 billion from $10.3 billion and net income dropped to $274 million from $306 million and diluted earnings per share fell to $1.25 from $1.32 a year ago. 

The company also tightened its upper end of its full-year revenue outlook. 

The company estimated full-year revenue between $43.8 billion to $44.5 billion compared to its previous estimate between $43.8 billion and $45.2 billion. 

The electronics retailer forecasted comparable sales to decline between 4.5% and 6%, which compares to prior guidance of a decline of 3% to 6%.


29 Aug, 2023

 

Nio Inc declined 4.5% to $10.48 after the China-based electric vehicle maker reported a wider quarterly loss. 

Total revenue in the second quarter declined 14.8% to $1.2 billion and vehicle deliveries fell 6.1% to 23,520 units from 25,059 units a year ago. 

Vehicle margin fell to 6.1% in the second quarter from 16.7% in the period a year ago but rose from 5.1% in the first quarter of 2023. 

Net loss jumped to 6 billion yuan from 2.7 billion yuan and diluted loss per share rose to 3.70 yuan from 1.68 yuan a year ago. 


29 Aug, 2023

 

Heico Corp declined 1.2% to $165.91 after the company said its operating margin declined from a year ago but quarterly results were ahead of market expectations. 

Net sales in the second quarter increased to $722.9 million from $569.2 million and net income attributable to shareholders increased to $102 million from $82.5 million and diluted earnings per share rose to 74 cents from 60 cents a year ago. 


29 Aug, 2023