To The Moon

1. $Guess Inc(GES)$ +26% surpasses expectations with strong Q2 fiscal year results

Denim expert and retail powerhouse, Guess? Inc., has once again exceeded expectations with its robust performance.

Adjusted EPS: 72 cents vs. 39 cents

Revenue:$665 mln vs. $640 mln

The company achieved a notable 3% increase in revenues, totaling $665 million, compared to the estimates of $640 million. Adjusted EPS came at 72 cents, way higher than estimates of 39 cents.

This growth was primarily attributed to factors such as initial markups, the positive impact of higher revenues, and reduced markdowns. However, these gains were partly offset by currency fluctuations and higher expenses.

Anticipating the road ahead, Guess? Inc. envisions revenues to exhibit growth within the range of 2.5% to 4%, and anticipates an adjusted operating margin to lie between 9% and 9.4%. These forward-looking projections underscore the company's ongoing commitment to sustained growth and financial resilience.

2. $Affirm Holdings, Inc.(AFRM)$ surges 17.96% as transaction volume grows amid new merchant collaborations

AFRM added 17% after its quarterly results came in better than expected.

Affirm posted a loss of 69 cents per share on revenue of $446 million. Analysts polled by Refinitiv had estimated a loss of 85 cents per share on $406 million in revenue.

Adjusted EPS: -69 cents vs. -85 cents

Revenue: $446 mln vs. $406 mln

The company disclosed that it achieved $5.5 billion in gross merchandise volume during the quarter ending on June 30th. This figure signifies a remarkable 25% increase compared to the same period last year, surpassing analyst predictions.

Affirm has strategically aligned itself with merchants that facilitate experiential consumer purchases. Notable partnerships with companies like Cathay Pacific, Booking.com, Royal Caribbean Group, and Priceline have expanded its reach and influence.

In a notable partnership announced in June, Affirm joined forces with $Amazon.com(AMZN)$ to offer pay-over-time options for purchases exceeding $50 on the Amazon Pay service. The collaboration aimed to enhance sales and foster customer loyalty through flexible payment options.

3. $Marvell Technology(MRVL)$ -11.71% posts good earnings but not as good as its peer

Marvell, a global semiconductor leader specializing in broadband communication and storage solutions, has a good result, slightly better than anticipated.

Adjusted earnings of $0.33 topped estimates of $0.32, while revenue of $1.34 billion just barely beat Street expectations of $1.33 billion.

Adjusted EPS: 33 cents vs. 0.32 cents

Revenue: $1.34 bln vs. $1.33 bln

With a diverse product portfolio in the optical module industry encompassing clock data recovery chips (CDRs), optical receiving devices (ROSAs), trans-resistance amplifiers (TIAs), and more, Marvell plays a significant role in the realm of optical communication devices. The data center sector stands as the primary revenue generator for Marvell, making it a core focus of the company's operations.

Looking ahead, Marvell forecasts revenue to hover in the range of $1.4 billion, with a potential variation of plus or minus 5% for the next quarter. The company anticipates a GAAP gross margin within the 45.6% to 48% range, and a non-GAAP gross margin between 60.3% and 61.3%.

The positive guidance signals warming revenue and profit trends for Marvell. However, given the substantial increase in stock price and valuation, market volatility may persist before performance upticks are fully reflected.