Earnings Movers | LOT Beat Revenue by 811% YoY; ANF EPS Jumped 23%-To The Moon - Tiger Brokers Online Investing Community

Earnings Movers | LOT Beat Revenue by 811% YoY; ANF EPS Jumped 23%

On Wednesday, $NVIDIA Corp(NVDA)$ and $Dell Technologies Inc.(DELL)$ hit new highs, but the overall market has already experienced a correction, and there are not many companies with particularly good performance.

According to the market, the following companies with a market value of more than $1 billion benefited from the release of profit data and their stock prices soared.

🎁Weekly Higher EPS Estimates: COST, CRM, HPQ, OKTA, PATH & More

1.$Dick's Sporting Goods(DKS)$ ’s Beats EPS, Beats Revenue for Q1 2024

The big-box sports store $Dick's Sporting Goods(DKS)$ reported its first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $3 billion. Comparable sales rose 5.3%.

Earnings per share: $3.30 vs. $2.95 expected
Revenue: $3.02 billion vs. $2.94 billion expected

Similar trends were spotted at other retailers. Last week, $Ross Acquisition II Corp(ROSS)$ , $Ralph Lauren(RL)$, $Urban Outfitters(URBN)$ and $TJX Companies(TJX)$ . all reported positive comparable sales, same as $Abercrombie & Fitch(ANF)$

As of post, in the year of 2024, $Dick's Sporting Goods(DKS)$ has gain 53.81% in price increase.

2. $Abercrombie & Fitch(ANF)$ Beats EPS, Beats Revenue for Q1 2024

The company's reported net income for the 3-month period that ended May 4 was $113.9 million, or $2.14 per share, compared with $16.6 million, or 32 cents a share, a year earlier. Sales rose to $1.02 billion, up about 22% from $836 million a year earlier.

Earnings per share: $2.14 vs. the analyst estimates of $1.73
Revenue: $1.02 billion vs. $963.26 million expected

As of post, in the year of 2024, $Abercrombie & Fitch(ANF)$ has seen a substantial price increase of 114%.

3. $Lotus Technology(LOT)$ Reported Unaudited Financial Results for Q1 2024

A leading global luxury electric vehicle maker-Lotus Tech recorded revenue of $173 million (+811%)and gross profit margin of 18%, powered by an asset-light model and high-margin businesses including R&D services and accessories.

The company Delivered approximately 2,194 vehicles, with global markets outside China contributing over 75% of total deliveries

In the year of 2024, the stock of $Lotus Technology(LOT)$ has marked a 26.9% increase in price.

4. $Chewy, Inc.(CHWY)$ Soars as Profit Beats Again, $500 million Buyback Plan Announced

Chewy stock catapults above key level on earnings, buybacks, optimism. It’s first-quarter adjusted net income was $137.1 million, representing a 56% increase year over year and a 71% increase sequentially.

It’s adjusted EBITDA margin of 5.7% for the quarter or 170 basis points of margin expansion relative to Q1 2023 and 260 basis points of margin expansion sequentially.

As of post, in the year of 2024, $Chewy, Inc.(CHWY)$ still keep a loss of -9.01% and it has been declined for 4 years.

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