$Nike(NKE)$ released its financial report for the fourth quarter of the 2023 fiscal year, ending on May 31, after the market closed on June 29.Q4 Earnings ReviewQ4 revenue increased by 5% year-on-year, reaching $12.8 billion, slightly higher than the market's expectation of $12.6 billion. Adjusted for currency-neutral calculations, the growth was 8%. Nike brand revenue amounted to $12.2 billion, growing by 5% year-on-year and 8% on a currency-neutral basis. All brands, channels, and regions experienced growth. Direct sales revenue reached $5.5 billion, surpassing the expected $5.12 billion and growing by 15% year-on-year. Adjusted for currency-neutral calculations, the growth was 18%. Nike-owned store sales increased by 24%, and Nike brand digital
Oracle sets a new high, Q4 earnings indicates AI opportunities.
$Oracle(ORCL)$ stock reached a new all-time high after the Q4 financial report released on June 12th. It is evident that the recent AI concepts have made the company a highly sought-after target. The outstanding performance of the cloud business has greatly surpassed expectations in terms of revenue and profit. The development of AI is also reliant on software services, which will continue to contribute to the company's growth, generating high expectations among investors.Over the past 20 days, the company's stock has already risen by over 30%. On June 12th, it performed exceptionally well during trading hours (+6.0%), and remained optimistic after the post-report announcement (+3.9%), although there was no double-digit increase.Q4 Performance Ove
$lululemon athletica(LULU)$ announced its performance for Q1 of the fiscal year 2023. Unlike the overall slump in the clothing retail sector and the recent sell-offs of luxury brands, LULU's strong Q1 performance and Q2 guidance led to a 13% surge in its stock price after hours.Performance Overview- Total revenue reached $2 billion, a year-on-year increase of 24%, or 27% growth on a fixed exchange rate basis.- International market growth was 60%, while North America grew by 17%.- Comparable store sales increased by 14% year-on-year or 17% on a fixed currency basis.- Direct-to-consumer revenue grew by 16% or 18% on a fixed exchange rate basis, accounting for 42% of total sales.- Gross margin reached $1.2 billion, with a gross profit margin of 57.5%
Not AI-Driven? CRM's safe outlook makes valuation more attractive
$Salesforce.com(CRM)$ reported earnings last quarter that significantly exceeded expectations, and the stock price surged without a significant pullback. We mentioned last quarter that CRM still had a potential upside of 66%.Before the announcement of Q1 FY24 earnings, the market remained relatively optimistic about CRM's performance. Q1 expectations were high, and there was optimism regarding the performance outlook driven by AI. The secondary market price also exceeded $220 before the earnings release.However, CRM's executives did not intend to oversell expectations. Although the Q1 earnings results still surpassed expectations overall, the outlook for the future was not overly opt
All-Time-High Consumer Discretionary Stocks in Q1: PEP, CMG, CELH, ELF
As the earnings season is coming to an end, we’d like to review this earnings season. Many stocks rose to an all-time-high or a new high in Q1.According to Factset, consumer discretionary sector posted the highest earnings growth. Therefore, this article will list the cosumer discretionary stocks that reach a new high in Q1.Consumer Discretionary Stocks That Reached A New High1.$Pepsi(PEP)$ rose to an all-time-high of $196.88 on 15th May. It posted earnings on 26th April, which boosted its outlook for the year and beat revenue expectations. Adjusted EPS: $1.50 vs. $1.39Revenue: $17.85 bln vs. $17.22 bln 2. Burrito chain $Chipotle Mexican Grill(CMG)$ rose to an all-time-high of $213
Q&A(Question-and-Answer Session)is a session after the company's prepared remarks where institutional investors and analysts ask management questions. In this dialogue, you may find some valuable information that might affect the stock price in the following weeks.Now let's look at some key points from PDD Q1 2023 Q&A Session Transcript $Pinduoduo Inc.(PDD)$ Q:My question is: noting PDD recently implemented the Co-CEO structure, how does the change affect your group strategies? What are your key growth drivers going forward? Per your announcement, post the Co-CEO structure change, Lei will focus more on the globalization side. Does that mean your globalization strategy now has a higher priority?A:I can take your first question on
Top Earnings| Semiconductor Company MRVL +16% on Estimate Beat; GPS & RL Improved Results
Let’s check the small-cap stock movers yesterday. $Marvell Technology(MRVL)$, $Gap(GPS)$ and $Ralph Lauren(RL)$ rose around 10% after they posted stellar earnings.1. $Marvell Technology(MRVL)$ jumped 16.74% as it topped estimates for EPS and revenueMarvell Technology jumped 16.74% after the semiconductor producer beat analysts’ expectations for its first quarter.Marvell notched 31 cents in adjusted earnings per share on $1.32 billion in revenue, while analysts polled by Refinitiv estimated 29 cents per share and $1.3 billion in revenue.The company also said revenue growth should accelerate in the second half of the fis
Top Earnings| SNOW plunged 14% on weak guidance; PANW topped EPS and Revenue
As the earnings season is coming to an end, some growth stocks released their earnings.1. $Snowflake(SNOW)$ - 13% as the company issued weak guidanceShares of cloud data platform provider Snowflake slid more than 13% in extended trading on Wednesday after the company issued weak guidance in its earnings report and said it will acquire search startup Neeva for an undisclosed amount. Adjusted EPS: 15 cents vs. 5 cents expected by analystsRevenue: $624 mln vs. $608 mln expected by analystsGuidance: $625 mln vs. $649 mlnSnowflake beat on the top and bottom lines for the fiscal first quarter, but it gave product revenue guidance that missed consensus estimates.The cloud software company expects product revenue will be between $620 millio
$Sea Ltd(SE)$ Hahahaha, this is why your discount voucher sucks! I hate your strategies with lousy discounts tagged to your silly Shopeepay only. Throw this stupid strategy please as we all have our own credit cards to match with the cash backs
But another possible theory cld be that the salary hike was just a ruse to increase the prices so that team can exercise their options for the sell out that wld still be worth it given it can easily do some headcount adjustments
I think this most likely is expected within the board, the long term trend cld still be recovery if not the board wldnt have increase its salary expenditure
Sea Misses Profit Estimates, Showing Turnaround Still Fragile
Gaming and e-commerce firm only recently reached breakevenSoutheast Asia firm took dramatic measures
🎁Healthcare Q1 Winners by Revenue/ Net Income/EPS/Dividend/YTD23
🎁Industrial Special of Q1 2023🎁In the recent year, Healthcare stocks have been the second-highest sector by return, but it has been the bottom industry among the 7 sectors with positive returns in 2023. Do you expect that the Healthcare stocks will perform better in 2023 or further?Healthcare industry stocks are defensive stocks. Whether the economy is stable or chaotic, the demand for medical products and services is necessary, so the performance of medical stocks will be relatively stable.The following are Top Winners by Revenue, Net Income, EPS, Dividend, and R&D respectively in Q1 2023.Tiger_Earnings looks forward to the data in this article helping you understand more about the field of healthcare service and technology companies.1. Q1 2023 Revenue TOP 20:Revenue mainly refers to
Earnings Movers| BYND Plunged on Selling; APP, JD, TPR Popped on Revenue Beat & Rosy Guidance
China e-commerce giant $JD.com(JD)$ released a better-than-expected earnings and led the China stock sector up.Growth stock $AppLovin Corporation(APP)$ also presented revenue surprise; luxury stock $Tapestry Inc.(TPR)$ delivered double beat on revenue and EPS;alternative meat manufacturer $Beyond Meat, Inc.(BYND)$ ‘s earnings beat but stock fell yesterday after it announced to sell up to $200 million of its common stock.1. $Beyond Meat, Inc.(BYND)$ -18.27% after it announced to sell $200 mln stockShares tumbled 18.27% after the alternative meat manufacturer said it plans to sell up
$Nike(NKE)$ released its financial report for the fourth quarter of the 2023 fiscal year, ending on May 31, after the market closed on June 29.Q4 Earnings ReviewQ4 revenue increased by 5% year-on-year, reaching $12.8 billion, slightly higher than the market's expectation of $12.6 billion. Adjusted for currency-neutral calculations, the growth was 8%. Nike brand revenue amounted to $12.2 billion, growing by 5% year-on-year and 8% on a currency-neutral basis. All brands, channels, and regions experienced growth. Direct sales revenue reached $5.5 billion, surpassing the expected $5.12 billion and growing by 15% year-on-year. Adjusted for currency-neutral calculations, the growth was 18%. Nike-owned store sales increased by 24%, and Nike brand digital
All-Time-High Consumer Discretionary Stocks in Q1: PEP, CMG, CELH, ELF
As the earnings season is coming to an end, we’d like to review this earnings season. Many stocks rose to an all-time-high or a new high in Q1.According to Factset, consumer discretionary sector posted the highest earnings growth. Therefore, this article will list the cosumer discretionary stocks that reach a new high in Q1.Consumer Discretionary Stocks That Reached A New High1.$Pepsi(PEP)$ rose to an all-time-high of $196.88 on 15th May. It posted earnings on 26th April, which boosted its outlook for the year and beat revenue expectations. Adjusted EPS: $1.50 vs. $1.39Revenue: $17.85 bln vs. $17.22 bln 2. Burrito chain $Chipotle Mexican Grill(CMG)$ rose to an all-time-high of $213
Not AI-Driven? CRM's safe outlook makes valuation more attractive
$Salesforce.com(CRM)$ reported earnings last quarter that significantly exceeded expectations, and the stock price surged without a significant pullback. We mentioned last quarter that CRM still had a potential upside of 66%.Before the announcement of Q1 FY24 earnings, the market remained relatively optimistic about CRM's performance. Q1 expectations were high, and there was optimism regarding the performance outlook driven by AI. The secondary market price also exceeded $220 before the earnings release.However, CRM's executives did not intend to oversell expectations. Although the Q1 earnings results still surpassed expectations overall, the outlook for the future was not overly opt
🎁Healthcare Q1 Winners by Revenue/ Net Income/EPS/Dividend/YTD23
🎁Industrial Special of Q1 2023🎁In the recent year, Healthcare stocks have been the second-highest sector by return, but it has been the bottom industry among the 7 sectors with positive returns in 2023. Do you expect that the Healthcare stocks will perform better in 2023 or further?Healthcare industry stocks are defensive stocks. Whether the economy is stable or chaotic, the demand for medical products and services is necessary, so the performance of medical stocks will be relatively stable.The following are Top Winners by Revenue, Net Income, EPS, Dividend, and R&D respectively in Q1 2023.Tiger_Earnings looks forward to the data in this article helping you understand more about the field of healthcare service and technology companies.1. Q1 2023 Revenue TOP 20:Revenue mainly refers to
Top Earnings| Semiconductor Company MRVL +16% on Estimate Beat; GPS & RL Improved Results
Let’s check the small-cap stock movers yesterday. $Marvell Technology(MRVL)$, $Gap(GPS)$ and $Ralph Lauren(RL)$ rose around 10% after they posted stellar earnings.1. $Marvell Technology(MRVL)$ jumped 16.74% as it topped estimates for EPS and revenueMarvell Technology jumped 16.74% after the semiconductor producer beat analysts’ expectations for its first quarter.Marvell notched 31 cents in adjusted earnings per share on $1.32 billion in revenue, while analysts polled by Refinitiv estimated 29 cents per share and $1.3 billion in revenue.The company also said revenue growth should accelerate in the second half of the fis
$lululemon athletica(LULU)$ announced its performance for Q1 of the fiscal year 2023. Unlike the overall slump in the clothing retail sector and the recent sell-offs of luxury brands, LULU's strong Q1 performance and Q2 guidance led to a 13% surge in its stock price after hours.Performance Overview- Total revenue reached $2 billion, a year-on-year increase of 24%, or 27% growth on a fixed exchange rate basis.- International market growth was 60%, while North America grew by 17%.- Comparable store sales increased by 14% year-on-year or 17% on a fixed currency basis.- Direct-to-consumer revenue grew by 16% or 18% on a fixed exchange rate basis, accounting for 42% of total sales.- Gross margin reached $1.2 billion, with a gross profit margin of 57.5%
$S&P 500(.SPX)$ closed down with the regional bank crisis and liquidity issue lingering on the broader market. Multiple companies released their earnings yesterday, with most of them falling, while $Shopify(SHOP)$ , $Shake Shack(SHAK)$ and $Coinbase Global, Inc.(COIN)$ surging.1. $Shopify(SHOP)$ surged 23.84% with double beats and sale of logistics businessE-commerce firm Shopify early Thursday reported earnings and revenue for the March quarter that topped analyst estimates. SHOP stock rocketed 23.84% as the company also announced the sale of its delivery and logistics
Oracle sets a new high, Q4 earnings indicates AI opportunities.
$Oracle(ORCL)$ stock reached a new all-time high after the Q4 financial report released on June 12th. It is evident that the recent AI concepts have made the company a highly sought-after target. The outstanding performance of the cloud business has greatly surpassed expectations in terms of revenue and profit. The development of AI is also reliant on software services, which will continue to contribute to the company's growth, generating high expectations among investors.Over the past 20 days, the company's stock has already risen by over 30%. On June 12th, it performed exceptionally well during trading hours (+6.0%), and remained optimistic after the post-report announcement (+3.9%), although there was no double-digit increase.Q4 Performance Ove
🎁What the Tigers Say | Besides Big Techs, Special Opportunities from Q1 Earnings
Hi Tigers, welcome to ”What the Tigers Say” [Cool]This is a weekly column planned to share the great opinion from Tigers on ‘Besides Big Techs, Special Opportunities from Q1 Earnings’.$Bed Bath & Beyond(BBBY)$ 's bankruptcy and $First Republic Bank(FRC)$ deposits drop of 41% has brought fear to the market. Benefiting from AI, can Big Tech's earnings revive the stock market rally? What other sectors and companies are reporting earnings that are exceeding expectations?In this earnings season, what other sectors/industries have you followed that earnings outperformed, in addition to a few technology stocks?Please join us to share your opinions on this post.Below are some insights from Tigers
Q&A(Question-and-Answer Session)is a session after the company's prepared remarks where institutional investors and analysts ask management questions. In this dialogue, you may find some valuable information that might affect the stock price in the following weeks.Now let's look at some key points from PDD Q1 2023 Q&A Session Transcript $Pinduoduo Inc.(PDD)$ Q:My question is: noting PDD recently implemented the Co-CEO structure, how does the change affect your group strategies? What are your key growth drivers going forward? Per your announcement, post the Co-CEO structure change, Lei will focus more on the globalization side. Does that mean your globalization strategy now has a higher priority?A:I can take your first question on
Best Opening For Earnings Seasons? Major Banks All Beat Estimates!
A research report led by strategist Savita Subramanian on Monday stated that among the 30 companies in the S&P 500 index that have already reported their earnings, 90% of them have exceeded earnings per share expectations, and 73% have surpassed revenue expectations.This is the biggest positive surprise in the first week of the reporting period since at least 2012, largely due to impressive earnings from $JPMorgan Chase(JPM)$, $Citigroup(C)$ , and $Wells Fargo(WFC)$.Driven by the impressive financial data, JPMorgan Chase's stock price surged by 7.55% on the same day, marking the largest single-day gain since November 2020.1. Major Banks Released Stellar Earnings A
Top Earnings Movers| NOK, T & PM Missed Estimates on EPS/Revenue
During Earnings Season, many companies released their reports. Some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app.In this article, we gonna brief four companies missed expectations: $AT&T Inc(T)$, $Nokia Oyj(NOK)$ , $Philip Morris(PM)$ and $American Express(AXP)$1. $Nokia Oyj(NOK)$ -14.98% after EPS missed estimatesFinnish telecoms firm
Earnings Movers| Reasons For EL, SBUX, QCOM's Plunge and TECH's Rose
On Wednesday, the Fed announced a 25bps rate hike but still not give clear attitude toward pausing rake hike. The major indexes closed with slight drop.There are some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app.In this article, we gonna brief 5 companies: $Bio-Techne(TECH)$ , $Eli Lilly(LLY)$ , $Estee Lauder(EL)$ , $Starbucks(SBUX)$, $Qu
Earnings Movers| Consumption Like PHG, KO, WHR All Beat; While Banks FRC & CS Deposits Outflow
During Earnings Season, many companies released their reports. Some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app.In this article, we gonna brief four companies missed expectations:1. $Royal Philips NV(PHG)$ up 14% after EPS & Revenue all beating estimates The release of quarterly results sparked buying in Philips, which surged 14% after the company took advantage of an improving supply chain and the impact of restructuring efforts. Philips reported Q1 EPS of EUR0.22, EUR0.08 better than the a
Earnings Movers| U & RBLX Jumped After Revenue Beat; DM & TEVA Dipped 10%
US stock market didn’t exprience much volatility after the release of better-than-expected CPI. There are four companies, however, popped or dipped yesterday. They are $Unity Software Inc.(U)$, $Roblox Corporation(RBLX)$, $Desktop Metal Inc.(DM)$ and $Teva Pharmaceutical(TEVA)$ .1. $Unity Software Inc.(U)$ +9.12% as it beat revenue and offered rosy guidanceUnity Software, video game software developer, popped 9% after the company released first-quarter earnings that beat analysts’ expectations for revenue and offered rosy guidance.Its revenue for the quarter was up
As the Q1 financial reports of the banking industry gradually come out, the liquidity crisis in the banking industry represented by Silicon Valley Bank (SIVBQ) in March will also bring more clues in performance disclosure. Core factors such as deposits, liquidity, and balance sheets that have caused recent market volatility will become the core focus of the US banking industry.Large banks: Most performances are good and stock prices rise but are also affected by other macroeconomic factors. $JPMorgan Chase(JPM)$ Net profit increased 52% year-on-year to $12.6 billion;Revenue reached a record high of $38.3 billion, a year-on-year increase of 25%, higher than market expectations of $36.2 billion.New loans amounted to $37 billion, while market expectat
Content of this article: LAST SESSION - WEEK EVENTS-MARKET SCENARIO-SPX LEVELS-AGENDA SUMMARY After a tightly controlled session, the stock indices ended a hopeless week with slim gains on Friday. SPX Under control $S&P 500(.SPX)$ , $DJIA(.DJI)$ and $NASDAQ(.IXIC)$ all rose 0.1%. All three ended the week in balance. WEEK EVENTS Nothing very crisp if not the mixed results of big companies. $American Express(AXP)$$Tesla Motors(TSLA)$$Netflix(NFLX)$ See the brief review
US stock market closed slightly up on Monday. Among companies that released earnings, $adidas AG(ADDYY)$ rose 8% as invetories improve; $Lucid Group Inc(LCID)$, $3D(DDD)$ , $Skyworks Solutions(SWKS)$ fell around 10% after missed estimates.1. ADDYY +8.26%: inventories improve and revenue remained flat despite adverse Yeezy impactAdidas shares jumped on Friday after the German-based sportswear giant presented better-than-expected first-quarter results that showed strong revenue in Europe, Latin America and Asia Pacific.Adidas AG reported a loss of €0.18 per share on €5.27B in revenue for Q1 2023, with currency-neutral