Earnings Archives - Spark Newswire

2 minute read

Why Zapp Electric Vehicles Stock Is Charging Higher

June 20, 2:41 PM

Zapp Electric Vehicles shares are trading higher Thursday after the company announced its financial results for the first half of fiscal year 2024 and raised its business outlook. Here's the details:

ZAPP

2 minute read

Darden Stumbles on Sales, But Analysts Stay Optimistic On Operational Execution: Here’s Why

By Lekha Gupta

June 20, 1:25 PM

Analysts reiterate ratings and price targets for Darden Restaurants (DRI) following Q4 earnings release. EPS beats, sales miss expectations.

DDIV

1 minute read

Why LongHorn Steakhouse Owner Darden Restaurants Shares Are Surging Today

By Lekha Gupta

June 20, 12:13 PM

Darden Restaurants reported Q4 results, and increased its dividend. The company also expects same-restaurant sales growth of 1.0% to 2.0% and new restaurant openings of 45 to 50.

DDIV

3 minute read

Gold Rises 1%; Accenture Shares Surge After Q3 Results

By Avi Kapoor

June 20, 12:00 PM

U.S. stocks traded mostly higher midway through trading, with the Dow Jones gaining over 50 points on Thursday.…

ACN

2 minute read

Why Commercial Metals Shares Are Surging Today

By Lekha Gupta

June 20, 11:37 AM

Commercial Metals reported third-quarter results with net sales of $2.078 billion. Europe Steel Group saw improved performance. Available liquidity at $1.5 billion. Quarterly dividend of $0.18 announced. Expecting consistent results in Q4.

CMC

2 minute read

GMS Surpasses Q4 Sales Expectations, Faces Near-Term Challenges in Wallboard And Steel Margins

By Akanksha Bakshi

June 20, 10:53 AM

GMS Inc. reported strong Q4 net sales of $1.413B, with organic growth of 4%, driven by volume growth. Adjusted EPS missed consensus, but EBITDA and cash flow remained solid.

GMS

2 minute read

Recreation Products Maker Winnebago Struggles In Q3 With Lower Earnings, But New Product Launches Offer Hope: Details

By Nabaparna Bhattacharya

June 20, 9:56 AM

Winnebago Industries shares drop post-Q3 earnings miss with lower revenues and decreased gross profit margins amid challenging market conditions.

WGO

1 minute read

Jabil Tops Q3 Estimates, CEO Highlights Strategic Growth in AI Datacenters and EV Markets

By Anusuya Lahiri

June 20, 9:12 AM

Jabil reported third-quarter fiscal 2024 revenue of $6.77 billion, down by 20.2% year-on-year, beating the analyst consensus estimate of $6.53 billion. The print manufacturing company's adjusted EPS of $1.89 beat the analyst consensus of $1.85.

JBL

2 minute read

Kroger Company Shares Take Off After Q1 – Here’s Why

By Nabaparna Bhattacharya

June 20, 8:59 AM

Kroger shares rise post-Q1 earnings beat with strong digital sales growth and reaffirmed FY24 outlook, despite paused share repurchase program.

ACI

3 minute read

Aurora Reports 20% YoY Uptick In Global Medical Marijuana, Expects Benefits From International Cannabis Regulatory Reforms

By Jelena Martinovic

June 20, 8:59 AM

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) announced on Thursday its financial and operational results for the fourth quarter and fiscal year 2024.The company reported a 5% year-over-year increase in revenue to CA$67.4 million ($49.1 million) in the fourth quarter. Global medical cannabis net revenue grew by 20% over the same period to CA$45.6 million. The increase in net revenue1 of $7.7 million was primarily due to higher sales to Australia and Europe in the current period following the success of newly launched innovative cultivars in these markets.

ACB