Guidance https://www.benzinga.com/views/taxonomy/term/16889 en Slack Reports Q1 Earnings Beat, Paid Customers Up 28% YoY https://www.benzinga.com/news/earnings/20/06/16184485/slack-reports-q1-earnings-beat-paid-customers-up-28-yoy <p><strong>Slack Technologies</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/work#NYSE">WORK</a>) shares are trading lower after the company reported first-quarter earnings results.</p> <p>The company reported quarterly losses of 2 cents per share, which beat the analyst consensus estimate by 4 cents. This is a 91.3% increase over losses of 23 cents per share from the same period last year.</p> <p>Slack reported quarterly sales of $201.70 million, which beat the analyst consensus estimate ...</p><p><a href=https://www.benzinga.com/news/earnings/20/06/16184485/slack-reports-q1-earnings-beat-paid-customers-up-28-yoy alt=Slack Reports Q1 Earnings Beat, Paid Customers Up 28% YoY>Full story available on Benzinga.com</a></p> Earnings News why it's moving WORK Guidance After-Hours Center WORK News Earnings Guidance After-Hours Center Benzinga Thu, 04 Jun 2020 20:25:41 +0000 Tanzeel Akhtar 16184485 at https://www.benzinga.com Cloudera Analysts Say Private, Public Cloud Traction Key After Mixed Q1 https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16180687/cloudera-analysts-say-private-public-cloud-traction-key-after-mixed-q1 <p>Cloud-based enterprise data company <strong>Cloudera Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cldr#NYSE">CLDR</a>) reported better-than-expected first-quarter results but issued below-par guidance Wednesday, sending its <a href=" https://www.benzinga.com/news/20/06/16178062/33-stocks-moving-in-thursdays-pre-market-session"> shares </a> lower.</p> <h3>The Cloudera Analysts</h3> <p>BofA Securities analyst <a href="https://www.tipranks.com/analysts/kash-rangan"> Kash Rangan </a> reiterated an Underperform rating on <a href="https://www.benzinga.com/media/19/12/14949333/ea-cloudera-and-more-fast-money-halftime-report-picks-from-dec-6">Cloudera shares</a>&nbsp;with an $8 price target.</p> <p>Wedbush analyst <a href="https://www.tipranks.com/analysts/daniel-ives"> Daniel Ives </a> maintained a Neutral rating and hiked the price target from $12 to $14.</p> <p>Needham analyst <a href="https://www.tipranks.com/analysts/jack-andrews"> Jack Andrews </a> reiterated a Hold rating.</p> <p>Stifel analyst <a href="https://www.tipranks.com/analysts/brad-reback"> Brad Reback </a> maintained a Hold rating and $11 price target.</p> <p>Morgan Stanley analyst <a href="https://www.tipranks.com/analysts/sanjit-singh"> Sanjit Singh</a> maintained an Overweight rating and nudged up the price target from $14 to $15.</p> <h3>Cloudera&#39;s Long-Term Guidance Could Be Challenging, BofA Says</h3> <p>Cloudera&#39;s first-quarter results reflected a large deal size momentum, lower churn, higher renewal rates and adoption of new products, Rangan said in a Thursday note.</p> <p>The company may find it challenging to achieve its longer-term guidance of 15-20%-plus&nbsp;revenue growth and 20%-plus cash flow margins due to several moving pieces, the analyst said.&nbsp;</p> <p>Among the challenges Rangan highlighted were sustained intense competition from public cloud vendors, uncertainty over the success of its recently released first-generation CDP Public Cloud and the likelihood of the yet-to-be released CDP Private Cloud succeeding.&nbsp;</p> <p>BofA attributed the lowered price target to&nbsp;lower revenue ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16180687/cloudera-analysts-say-private-public-cloud-traction-key-after-mixed-q1 alt=Cloudera Analysts Say Private, Public Cloud Traction Key After Mixed Q1>Full story available on Benzinga.com</a></p> Analyst Color BofA Securities Brad Reback CLDR cloud Daniel Ives Earnings Jack Andrews Kash Rangan Morgan Stanley Needham News Sanjit Singh Stifel Wedbush Guidance Price Target Reiteration Analyst Ratings Tech Trading Ideas CLDR US1890971088 News Analyst Color Earnings Guidance Price Target Reiteration Analyst Ratings Tech Trading Ideas Benzinga Thu, 04 Jun 2020 18:27:15 +0000 Shanthi Rexaline 16180687 at https://www.benzinga.com ArcBest Sees Trends Rebound During May https://www.benzinga.com/news/earnings/20/06/16182782/arcbest-sees-trends-rebound-during-may <p>In a<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/894405/000155837020007260/arcb-20200604x8k.htm"> filing</a> with the U.S. Securities and Exchange Commission, <strong>ArcBest Corp.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arcb#NASDAQ">ARCB</a>) reported sequential improvement during the month of May, supportive of recent<a href="https://www.freightwaves.com/news/less-than-truckload-looking-up-says-analyst-and-pricing-experts"> industry commentary</a> suggesting that the less-than-truckload (LTL) market may have<a href="https://www.freightwaves.com/news/april-the-bottom-for-less-than-truckload"> bottomed in April</a>.</p> <p>The Fort Smith, Arkansas-based logistics provider reported a 22% year-over-year consolidated revenue decline through the first two months of the 2020 second quarter. The April-May period of 2020 has two less working days compared to the prior year period, but the second quarter of 2020 will have the same number of working days as the 2019 period.</p> <h4><strong>May declines showing improvement compared to April</strong></h4> <p>ArcBest reported an 18.5% year-over-year decline in revenue per day in its asset-based segment, primarily LTL, as tonnage was down 14% (total shipments down 13.5%, total weight per shipment down 0.5%) while revenue per hundredweight, or yield, declined 4.5%.</p> <p>The total yield metric was negatively impacted by lower fuel surcharges, a freight mix shift to more transactional shipments to fill capacity that would otherwise be idle and a 0.5% increase in weight per shipment. Revenue per hundredweight on LTL shipments experienced a "slight increase" excluding fuel surcharges.</p> <p>Retail diesel prices, the basis for most carrier fuel surcharge programs, have moved more than 20% lower so far in the quarter.</p> <p>ArcBest noted improvement in pricing on LTL shipments excluding fuel surcharges in May compared to May 2019 and April 2020. Further, increases on deferred pricing and annually negotiated contracts that renewed in the first two months of the ...</p><p><a href=https://www.benzinga.com/news/earnings/20/06/16182782/arcbest-sees-trends-rebound-during-may alt=ArcBest Sees Trends Rebound During May>Full story available on Benzinga.com</a></p> ARCB BAC Earnings Freight News YRCW Guidance Markets YRCW US9842493002 BAC US0605051046 ARCB News Earnings Guidance Markets Benzinga Thu, 04 Jun 2020 17:55:35 +0000 FreightWaves 16182782 at https://www.benzinga.com What Crowdstrike Analysts Are Saying After Q1 Beat: 'A Unique Investment Vehicle' https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16169584/what-crowdstrike-analysts-are-saying-after-q1-beat-a-unique-investment-vehicle <p>Cybersecurity company <strong>Crowdstrike Holdings Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) reported <a href="https://www.benzinga.com/pressreleases/20/06/b16163716/crowdstrike-reports-fiscal-first-quarter-2021-financial-results">first-quarter</a> results Tuesday highlighted by an 89% year-over-year subscription growth, $686 million in annual recurring revenue and improving free cash flow from negative $16.1 million last year to positive $87 million.</p> <p>Here&#39;s how some of the Street&#39;s top analysts reacted to the report.</p> <h3>The Crowdstrike Analysts</h3> <p>Needham analyst <a href="https://www.tipranks.com/analysts/alex-henderson">Alex Henderson</a> maintains at Buy, price target lifted from $105 to $120.</p> <p>Oppenheimer analyst <a href="https://www.tipranks.com/analysts/shaul-eyal">Shaul Eyal</a> maintains at Outperform, price target lifted from $85 to $110.</p> <p>Credit Suisse analyst <a href="https://www.tipranks.com/analysts/brad-zelnick">Brad Zelnick</a> maintains at Neutral, price target lifted from $65 to $80.</p> <p>Tigress Financial Partners CIO <a href="https://www.tipranks.com/analysts/ivan-feinseth">Ivan Feinseth</a>&nbsp;commented on Crowdstrike in his daily newsletter.&nbsp;</p> <h3>Needham Sees Across-The-Board Strength In Crowdstrike&nbsp;</h3> <p>Crowdstrike&#39;s go-to-market and highly scalable installation capabilities &quot;shined&quot; in the current &quot;COVID constrained environment,&quot; Henderson said&nbsp;in a Wednesday note.</p> <p>This is supported by strength seen nearly across the board in the quarter, the analyst said:</p> <ul> <li>105% growth in new customers.</li> <li>Revenue growth of 85% versus 73% on the high end of management&#39;s guidance.</li> <li>Gross margins up 500 basis points to 77%.</li> <li>Operating margins improved 2,300 basis points year-over-year.</li> <li>ARR came in $40 million better than ...</li></ul><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16169584/what-crowdstrike-analysts-are-saying-after-q1-beat-a-unique-investment-vehicle alt=What Crowdstrike Analysts Are Saying After Q1 Beat: &#039;A Unique Investment Vehicle&#039;>Full story available on Benzinga.com</a></p> AKAM Alex Henderson Analyst Color Brad Zelnick cloud Credit Suisse CRWD Cybersecurity Earnings Ivan Feinseth Needham News Oppenheimer Shaul Eyal Tigress Financial Partners Guidance Price Target Reiteration Top Stories Analyst Ratings AKAM US00971T1016 CRWD News Analyst Color Earnings Guidance Price Target Reiteration Top Stories Analyst Ratings Benzinga Wed, 03 Jun 2020 16:40:15 +0000 Jayson Derrick 16169584 at https://www.benzinga.com Zoom Video Continues Huge Run After Beat-And-Qaise Q1; User Base Swells Amid Pandemic https://www.benzinga.com/news/earnings/20/06/16164467/zoom-video-continues-huge-run-after-beat-and-qaise-q1-user-base-swells-amid-pandemic <p>Video conferencing company <strong>Zoom Video Communications Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>) reported Tuesday fiscal first-quarter results that exceeded estimates by a wide margin, and also raised its full-year guidance notably above consensus, as the COVID-19 crisis accelerated adoption of its platform.</p> <h3><strong>Zooms Past Estimates</strong></h3> <p>San Jose, California-based Zoom reported adjusted first-quarter EPS&nbsp;of 20 cents compared to 3 cents in the year-ago period. Revenue&nbsp;climbed 169% year-over-year to $328.2 million compared to the year-ago revenues of $121.99 million.</p> <p>Analysts, on average, expected the company to report earnings per share of 9 cents on revenues of $202.48 million.</p> <p>&quot;We were humbled by the accelerated adoption of the Zoom platform around the globe in Q1. The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives,&quot; said Eric Yuan, founder and CEO of Zoom.</p> <p>Even ahead of the pandemic, Zoom&#39;s revenues were increasing at a scorching pace. Fourth-quarter revenues jumped ...</p><p><a href=https://www.benzinga.com/news/earnings/20/06/16164467/zoom-video-continues-huge-run-after-beat-and-qaise-q1-user-base-swells-amid-pandemic alt=Zoom Video Continues Huge Run After Beat-And-Qaise Q1; User Base Swells Amid Pandemic>Full story available on Benzinga.com</a></p> Earnings News ZM Guidance Top Stories After-Hours Center Tech Trading Ideas ZM News Earnings Guidance Top Stories After-Hours Center Tech Trading Ideas Benzinga Tue, 02 Jun 2020 20:47:45 +0000 Shanthi Rexaline 16164467 at https://www.benzinga.com CrowdStrike Reports Q1 Earnings Beat https://www.benzinga.com/news/earnings/20/06/16164092/crowdstrike-reports-q1-earnings-beat <p><strong>CrowdStrike Holdings, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) on Tuesday reported first-quarter sales of $178.10 million, which beat the analyst consensus estimate of $165.30 million. This is an 85.37% increase over sales of $96.08 million the same period last year. Earnings of 2 cents per share beat the estimate by 8 cents.</p> <p>CrowdStrike sees second-quarter sales ...</p><p><a href=https://www.benzinga.com/news/earnings/20/06/16164092/crowdstrike-reports-q1-earnings-beat alt=CrowdStrike Reports Q1 Earnings Beat>Full story available on Benzinga.com</a></p> CRWD Earnings News Guidance After-Hours Center CRWD News Earnings Guidance After-Hours Center Benzinga Tue, 02 Jun 2020 20:25:18 +0000 Tanzeel Akhtar 16164092 at https://www.benzinga.com Zoom Analyst Sees 'Minimal' Near-Term Upside Ahead Of Q1 Report https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16150596/zoom-analyst-sees-minimal-near-term-upside-ahead-of-q1-report <p><strong>Zoom Video Communications Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>) has zoomed past levels that could render the valuation attractive, leaving scope for &quot;minimal&quot;&nbsp;near-term upside, an analyst at Rosenblatt Securities said ahead of the company&#39;s Tuesday first-quarter report.&nbsp;</p> <h3>The Zoom Analyst</h3> <p><a href="http://www.tipranks.com/analysts/ryan-koontz">Ryan Koontz</a> maintained a Neutral rating and&nbsp;<a href="https://www.benzinga.com/analyst-ratings/price-target/20/06/16148982/10-biggest-price-target-changes-for-monday">upped </a> the price target from $95 to $150.</p> <h3>The Zoom Thesis</h3> <p>Zoom is likely to report very strong revenues&nbsp;but in-line earnings results due to higher opex and &quot;freemium&quot;&nbsp;products costs, Koontz said in a Friday note. (See his track record <a href="http://www.tipranks.com/analysts/ryan-koontz">here</a>.)</p> <p>Rosenblatt expects the company to raise its second-quarter and second-half revenue guidance, the analyst said.&nbsp;</p> <p>The coronavirus pandemic has transformed Zoom&#39;s &quot;laser-focused business ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16150596/zoom-analyst-sees-minimal-near-term-upside-ahead-of-q1-report alt=Zoom Analyst Sees &#039;Minimal&#039; Near-Term Upside Ahead Of Q1 Report>Full story available on Benzinga.com</a></p> Analyst Color Earnings News Rosenblatt Securities Ryan Koontz ZM Guidance Price Target Previews Reiteration Analyst Ratings Movers Tech Trading Ideas ZM News Analyst Color Earnings Guidance Price Target Previews Reiteration Analyst Ratings Movers Tech Trading Ideas Benzinga Mon, 01 Jun 2020 16:52:44 +0000 Shanthi Rexaline 16150596 at https://www.benzinga.com Aphria, Aurora Analyst Says Buy The Dip To Take Advantage Of Cannabis Stock Sell-Off https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16150569/aphria-aurora-analyst-says-buy-the-dip-to-take-advantage-of-cannabis-stock-sell-off <p>Canadian cannabis stocks tumbled Friday after <strong>Canopy Growth Corp</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>) reported a significant miss for its March quarter sales and withdrew its outlook for reaching positive EBITDA. Canopy also expressed concern over the company&rsquo;s June quarter prospects.</p> <p>The problems witnessed by Canopy Growth in the March quarter seem to be company-specific, and the broader sell-off among the group makes <strong>Aphria Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apha#NYSE">APHA</a>) and <strong>Aurora Cannabis Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acb#NYSE">ACB</a>) even more attractive, according to Cantor Fitzgerald.</p> <h3>The Aphria, Aurora Analyst</h3> <p><a href="https://www.tipranks.com/analysts/pablo-zuanic">Pablo Zuanic</a> maintained Overweight ratings on both Aphria and Aurora Cannabis, with price targets of CA$9.55 ($6.97) ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/06/16150569/aphria-aurora-analyst-says-buy-the-dip-to-take-advantage-of-cannabis-stock-sell-off alt=Aphria, Aurora Analyst Says Buy The Dip To Take Advantage Of Cannabis Stock Sell-Off>Full story available on Benzinga.com</a></p> ACB Analyst Color APHA Cannabis Cannabis 2.0 Cantor Fitzgerald CGC Earnings News Pablo Zuanic Pot Stocks Guidance Price Target Reiteration Markets Analyst Ratings Trading Ideas CGC ACB APHA News Analyst Color Earnings Cannabis Guidance Price Target Reiteration Markets Analyst Ratings Trading Ideas Benzinga Mon, 01 Jun 2020 16:21:11 +0000 Priya Nigam 16150569 at https://www.benzinga.com KeyBanc Bullish On Glu Mobile, Raises Estimates For Mobile Game Maker https://www.benzinga.com/analyst-ratings/analyst-color/20/05/16138476/keybanc-bullish-on-glu-mobile-raises-estimates-for-mobile-game-maker <p><strong>Glu Mobile Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gluu#NASDAQ">GLUU</a>) updated its recent&nbsp;guidance to reflect positive trends in engagement and monetization that have continued since early May.</p> <p>This reaffirms confidence in the company&rsquo;s position in the growing mobile games industry, according to KeyBanc Capital Markets.</p> <h3>The Glu Mobile Analyst</h3> <p><a href="https://www.tipranks.com/analysts/tyler-parker">Tyler Parker</a> maintained an Overweight rating on Glu Mobile&nbsp;with a $10 price target.&nbsp;</p> <h3>The Glu Mobile Thesis</h3> <p>Glu Mobile has witnessed broad-based strength across its live services portfolio, with record quarters expected from Design Home and Covet Fashion as well as positive trends in other games, Parker said in a Thursday note. (See ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/05/16138476/keybanc-bullish-on-glu-mobile-raises-estimates-for-mobile-game-maker alt=KeyBanc Bullish On Glu Mobile, Raises Estimates For Mobile Game Maker>Full story available on Benzinga.com</a></p> Analyst Color gaming GLUU KeyBanc Capital Markets News Tyler Parker video games Guidance Price Target Reiteration Analyst Ratings GLUU US3798901068 News Analyst Color Guidance Price Target Reiteration Analyst Ratings Benzinga Fri, 29 May 2020 15:19:47 +0000 Priya Nigam 16138476 at https://www.benzinga.com Salesforce Trades Down On Underwhelming Q2 Guidance https://www.benzinga.com/news/earnings/20/05/16132217/salesforce-trades-down-on-underwhelming-q2-guidance <p><strong>Salesforce.com</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>) reported quarterly earnings of 70 cents per share on Thursday, beating the consensus analyst estimate by a penny.</p> <p>This is a 6.06% increase over earnings of 66 cents per share from the same period last year.</p> <p>The company reported quarterly sales ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16132217/salesforce-trades-down-on-underwhelming-q2-guidance alt=Salesforce Trades Down On Underwhelming Q2 Guidance>Full story available on Benzinga.com</a></p> CRM Earnings News Guidance After-Hours Center CRM US79466L3024 News Earnings Guidance After-Hours Center Benzinga Thu, 28 May 2020 20:45:17 +0000 Tanzeel Akhtar 16132217 at https://www.benzinga.com Vibe Cannabis Revenue Spikes 225%, Dispensary Operator Touts Positive Adjusted EBITDA https://www.benzinga.com/markets/cannabis/20/05/16128455/vibe-cannabis-revenue-spikes-225-dispensary-operator-touts-positive-adjusted-ebitda <p>Cannabis retailer<strong> Vibe Bioscience Ltd.</strong>&nbsp;(CSE: VIBE) (OTC:&nbsp;<a href="http://www.benzinga.com/stock/vbscf">VBSCF</a>)<strong>&nbsp;</strong><a href="http://www.globenewswire.com/news-release/2020/05/28/2040090/0/en/Vibe-Reports-Record-Positive-Adjusted-EBITDA-and-Revenue-Provides-First-Quarter-2020-Financial-Results-and-Second-Quarter-Outlook.html">posted</a>&nbsp;a first-quarter&nbsp;financial update Thursday showing&nbsp;strong growth to start 2020.&nbsp;</p> <p>The quarterly results were driven by substantially increased year-over-year sales volumes coming from Vibe&#39;s dispensaries in California.</p> <p>Here&rsquo;s what the company revealed in its first-quarter report:&nbsp;</p> <ul> <li>Revenue of<em>&nbsp;</em>$4.27 million, up by 225% compared to the same quarter last year</li> <li>Quarterly adjusted EBITDA of $335,549,&nbsp;&nbsp;a sequential increase of 312% and a 466% year-over-year increase</li> <li>Gross margin increased by 25% quarter-over-quarter, reaching $1.47 million</li> <li>Net loss of $220,000, down by roughly $2 million compared to the corresponding quarter in 2019</li> <li>General and administrative expenses ...</li></ul><p><a href=https://www.benzinga.com/markets/cannabis/20/05/16128455/vibe-cannabis-revenue-spikes-225-dispensary-operator-touts-positive-adjusted-ebitda alt=Vibe Cannabis Revenue Spikes 225%, Dispensary Operator Touts Positive Adjusted EBITDA>Full story available on Benzinga.com</a></p> California Cannabis cannabis industry cannabis sales Earnings News Penny Stocks VBSCF Guidance Entrepreneurship Markets General VBSCF News Earnings Penny Stocks Cannabis Guidance Entrepreneurship Markets General Benzinga Thu, 28 May 2020 18:32:47 +0000 Jelena Martinovic 16128455 at https://www.benzinga.com Nio Reports Mixed Q1 Results, Chinese EV Manufacturer Guides To Strong Q2 https://www.benzinga.com/news/earnings/20/05/16125752/nio-reports-mixed-q1-results-chinese-ev-manufacturer-guides-to-strong-q2 <p><strong>Nio Inc&#39;s &ndash; ADR </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) first-quarter revenue missed estimates Thursday, but the bottom line exceeded expectations on cost control. The company has bounced back strongly off the COVID-19 pandemic and guided to a better second quarter than anticipated by the Street.&nbsp;</p> <h3>Nio&#39;s Top-Line Miss, Bottom-Line Outperformance</h3> <p>The Shanghai-based electric vehicle&nbsp;maker reported a net loss attributable to ordinary shareholders of 1.7228 billion yuan&nbsp;($243.3 million) for the first quarter, down 35% year-over-year and 40.5% quarter-over-quarter.</p> <p>Excluding items, the loss per ADS&nbsp;came in at 1.60 yuan (22 cents), narrower than the year-ago loss of $2.56 yuan and the previous quarter&#39;s loss of 2.73 yuan.</p> <p>The loss was narrower than the consensus loss estimate of 26 cents per share.</p> <p>The company attributed its operating performance to&nbsp;enhanced cost control measures taken during the COVID-19 outbreak and the initial returns from continuous efforts in operation optimization and expense control during recent&nbsp;quarters.</p> <p>Total revenues for the quarter were 1.372 billion yuan ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16125752/nio-reports-mixed-q1-results-chinese-ev-manufacturer-guides-to-strong-q2 alt=Nio Reports Mixed Q1 Results, Chinese EV Manufacturer Guides To Strong Q2>Full story available on Benzinga.com</a></p> auto automotive China Earnings electric vehicles EVs News NIO Penny Stocks Guidance Global Trading Ideas NIO News Earnings Penny Stocks Guidance Global Trading Ideas Benzinga Thu, 28 May 2020 11:47:20 +0000 Shanthi Rexaline 16125752 at https://www.benzinga.com Costco Reports Tomorrow As Investors Examine Ralph Lauren, Toll Brothers Today https://www.benzinga.com/news/earnings/20/05/16117671/costco-reports-tomorrow-as-investors-examine-ralph-lauren-toll-brothers-today <p>It seems fitting that as the U.S. prepares to launch astronauts into orbit today for the first time in almost a decade, the stock market has been rocketing higher for weeks.</p> <p>SpaceX is planning to launch two astronauts this afternoon just after the closing bell, weather permitting. SpaceX is privately held, but if the U.S. is back in outer space to stay, that could be good news for companies with a space presence like <strong>Lockheed Martin Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), <strong>Boeing Co</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>), and<strong> Northrop Grumman Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>), Barron&rsquo;s pointed out yesterday.</p> <p>Back on the ground, it looks like the countdown is on for a launch from where things left off Tuesday on Wall Street. Major indices and some of the airline and travel stocks are up in pre-market trading. The question is whether the S&amp;P 500 Index (SPX) can register its first 3000 close in nearly three months after just missing that yesterday.</p> <p>Optimism continues to be the word of the day despite some worries about the U.S./China trading relationship and obviously concerns about any potential rebound in virus cases. There&rsquo;s a sense among some market participants that the worst is behind us as people get back to work.</p> <p>At the end of the day, it&rsquo;s important for investors not to get ooled into a sense of complacency. If a trade war gets going, for instance, this isn&rsquo;t a super-strong U.S. economy that can necessarily withstand that kind of body blow the way i&nbsp;mostly did last year. We were a healthier economy at that time. China&rsquo;s economy is more fragile now, too.</p> <p>Investors look ahead to the Fed&rsquo;s Beige Book later today. Earnings to consider watching Wednesday include <strong>Ralph Lauren Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rl#NYSE">RL</a>) and <strong>Toll Brothers Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>).</p> <p>Some big retailers including <strong>Costco Wholesale Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) report on Thursday. One thing to consider listening for on calls of companies like COST is whether executives think crisis-related stock-up demand pulled some sales forward, which could potentially detract from results later this year.</p> <h3>Chase for 3000 Stalls...</h3> <p>The first test of 3000 in almost three months came up a little short yesterday. So today we&rsquo;ll see if the S&amp;P 500 Index (SPX) can get back above that level, where it hung out for most of Tuesday before some late-session selling.</p> <p>Nine of 11 sectors rose yesterday, but Information Technology was a laggard. That sector has been on such a run that a little pause for breath doesn&rsquo;t seem all that worrisome, though it did keep the Nasdaq (COMP) from joining in the gains posted by other major indices.</p> <p>The sagging finish yesterday couldn&rsquo;t really dent what was a pretty amazing start to the new week. A little profit-taking at the end of the session probably won&rsquo;t alarm anyone too much, though the late retreat might also have reflected concerns about China. It would have been technically positive to hold onto those gains above 3000, a level that &nbsp;lines up pretty closely with key resistance at the 200-day moving average for the SPX (see more below).</p> <h3>...But Not for Long</h3> <p>People didn&rsquo;t have too long to regret the late slip below 3000. The SPX looks like it&rsquo;s going to start today well above that. The question is whether those gains can hold. Closing above 3000 today and for a few more days would likely help cement those bullish feelings.</p> <p>After the close, investors got two new pieces of what might ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16117671/costco-reports-tomorrow-as-investors-examine-ralph-lauren-toll-brothers-today alt=Costco Reports Tomorrow As Investors Examine Ralph Lauren, Toll Brothers Today>Full story available on Benzinga.com</a></p> BA CAR COST DAL Earnings Government HTZ JWN LMT M News NOC Penny Stocks RL TD Ameritrade TOL UAL Guidance Politics Management Treasuries Global Economics Markets Tech ETFs General COST US22160K1051 BA US0970231058 CAR US0537741052 DAL US2473617023 HTZ US42805T1051 JWN US6556641008 LMT US5398301094 M US55616P1049 NOC US6668071029 RL US7512121010 TOL US8894781033 UAL US9100471096 News Earnings Penny Stocks Government Guidance Politics Management Treasuries Global Economics Markets Tech ETFs General Benzinga Wed, 27 May 2020 15:14:48 +0000 JJ Kinahan 16117671 at https://www.benzinga.com Learning How To Trade In An Extra-Volatile Market With Schaeffer's Investment Research https://www.benzinga.com/news/earnings/20/05/16116976/learning-how-to-trade-in-an-extra-volatile-market-with-schaeffers-investment-research <p><em>On May 29, 2020, Benzinga is hosting its <a href="https://www.benzinga.com/events/options-bootcamp/?utm_source=jaycee&amp;utm_medium=article&amp;utm_campaign=benzinga" target="_blank">Virtual Options Boot Camp</a>, this event will feature presentations on strategies from traders and investors across Wall Street. Among the presenters is <a href="https://www.schaeffersresearch.com/" target="_blank">Schaeffer&rsquo;s Investment Research</a>.</em></p> <p>COVID-19 has had a tremendous impact on the financial market these past few months. In what is now an extra-volatile market, traders, both novice and experienced, are trying to navigate success in an unpredictable marketplace.</p> <p>Schaeffer&rsquo;s Investment Research, a provider of options and trading ideas, has made it their mission to provide individual traders with the power to trade on a professional level.</p> <p>Senior Market ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16116976/learning-how-to-trade-in-an-extra-volatile-market-with-schaeffers-investment-research alt=Learning How To Trade In An Extra-Volatile Market With Schaeffer&#039;s Investment Research>Full story available on Benzinga.com</a></p> Earnings News Schaeffers Investment Research trading Virtual Options Boot Camp Guidance Options Economics Markets General News Earnings Guidance Options Economics Markets General Benzinga Wed, 27 May 2020 14:24:58 +0000 Jaycee Tenn 16116976 at https://www.benzinga.com The Street Deconstructs Home Depot, Lowe's Earnings https://www.benzinga.com/analyst-ratings/analyst-color/20/05/16087663/the-street-deconstructs-home-depot-lowes-earnings <p>Do-it-yourself home improvement retail rivals <strong>Home Depot Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>) and <strong>Lowe&#39;s Companies, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/low#NYSE">LOW</a>) reported first-quarter results last week. Here&#39;s how some of the Street&#39;s top analysts reacted to the reports.</p> <h3>The Home Depot Analysts</h3> <p>Piper Sandler analyst <a href="https://www.tipranks.com/analysts/peter-keith">Peter Keith</a> maintained&nbsp;a&nbsp;Neutral rating on Home Depot, price target lifted from $231 to $244.</p> <p>BofA Securities analyst <a href="https://www.tipranks.com/analysts/elizabeth-lane-suzuki">Elizabeth Suzuki</a> maintained&nbsp;at Neutral, price target lifted from $238 to $250.</p> <p>Raymond James analyst <a href="https://www.tipranks.com/analysts/matthew-mcclintock">Matthew McClintock</a> maintained&nbsp;at Outperform, price target lifted from $245 to $250.</p> <h3>Piper Sandler&#39;s Key Takeaways On Home Depot&nbsp;</h3> <p>Home Depot reported a &quot;strong&quot; first-quarter report, highlighted by a comp growth beat of 6.4%, while comps accelerated to double-digits in May, Keith said in a note.</p> <p>The company saw some incremental expenses due to the COVID-19 pandemic, but it also showed strong underlying expense leverage, the analyst said.&nbsp;</p> <p>Looking forward, Home Depot&nbsp;doesn&#39;t expect to report negative comps in any quarter in 2020 as it benefits from consumers spending less money on restaurants, travel&nbsp;and entertainment, he said.&nbsp;</p> <p>Piper Sandler&#39;s&nbsp;revised $244 price target is based on expectations for the company to establish itself as a beneficiary of increasing spending on home categories, even if the U.S. remains in a recession for the rest of the year, Keith said.</p> <p>A Neutral stance remains in place for valuation reasons, according to Piper Sandler.&nbsp;</p> <h3>BofA Says Home Depot&#39;s Strong Comps Won&#39;t Last</h3> <p>Home Depot&#39;s comp growth of 6.4% in the first quarter exceeded expectations of 5% as ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/05/16087663/the-street-deconstructs-home-depot-lowes-earnings alt=The Street Deconstructs Home Depot, Lowe&#039;s Earnings>Full story available on Benzinga.com</a></p> Analyst Color Coronavirus Covid-19 DIY Earnings HD home improvement LOW News retail Guidance Price Target Reiteration Analyst Ratings HD US4370761029 LOW US5486611073 News Analyst Color Earnings Guidance Price Target Reiteration Analyst Ratings Benzinga Mon, 25 May 2020 19:12:01 +0000 Jayson Derrick 16087663 at https://www.benzinga.com