Earnings

September 22, 2023

NetSol Technologies’ New Lows

There aren’t many companies reporting earnings these days, but one that caught our eye today was NetSol Technologies. Unfortunately for investors, it did not grab our attention for a positive reason.

The micro-cap company provides IT and enterprise software solutions to the global automobile financing and leasing, banking, and financial services industries. It released fiscal fourth-quarter earnings today that apparently the market didn’t love.

As a result, $NTWK shares plunged 24% to new all-time lows. It’s now down 99.96% from its post-split all-time highs of 4,000 set during the dot-com bubble. When you see charts like this, it’s a not-so-subtle reminder that investing is hard… 😱

Learn More About...

You Might Also Enjoy

Earnings

November 21, 2023

Retail Earnings Roundup

There were many retailer earnings today, so let’s recap each with one or two lines. 👇

Off-price retailer Burlington Stores saw third-quarter earnings, revenue, and margins top expectations as consumers traded down to cheaper brands. Its guidance was also strong, with executives citing strong “back to school” shopping and a great start to the holiday shopping season this November. $BURL +21%.

Read It

Earnings

December 1, 2023

Growth Stocks Back On The Right $PATH?

Many pandemic-era “growth” stocks were left for dead in the desert in 2022, but many of them have recently turned a corner. Over the last few weeks, we’ve discussed many stocks across sectors catching a bid, leading many to ask if they’re back on the right path. 🤔

The robotic process automation software company UiPath is the latest stock to stage a turnaround. Its third-quarter revenues rose 24% YoY to $326 million and topped its guidance and Wall Street’s expectations. Meanwhile, adjusted earnings per share of $0.12 nearly doubled the consensus view of $0.07. 🔺

Read It

Earnings

November 27, 2023

Bulls Scaling Back In Zscaler

Cybersecurity software stock Zscaler is falling despite its first-quarter results and full-year guidance beating expectations. 🤔

The company’s adjusted earnings per share of $0.67 topped the expected $0.49. Revenues of $496.7 million and billings of $456.6 million also beat the $473 million and $441 million anticipated. 

Read It

More in   Earnings

View All

Earnings

November 16, 2023

Walmart Rolls Back Its Share Price

Yesterday, we heard from Target, which soared after getting its earnings back on track despite declining sales. Today, we heard from Walmart, which plunged after growing sales and beating on earnings. Let’s talk about why that happened. 👇

Today’s earnings in Walmart contrasted Target’s, but the underlying cautious tone about the U.S. consumer remained. The big-box retailer reported adjusted earnings per share of $1.53 on $168.80 in revenues, topping the $1.52 and $159.72 billion expected by analysts. 

Read It

Earnings

November 20, 2023

The Bayer Of Bad News

Germany’s Bayer was the bearer of bad news for investors today, with shares experiencing their largest one-day decline in over three years. 📉

The pharma and biotech company aborted a large late-stage trial testing a new anti-clotting drug due to a lack of efficacy. While failures are common in this field, this was the company’s most promising development project. Its statement says that the experimental anticoagulant asundexian was shown to be inferior to Bristol-Myers Squibb and Pfizer’s established treatments. ❌

Read It

Earnings

November 15, 2023

Tech Titans Continue Reporting

While investors are primarily focused on retailer earnings this week, they can’t escape the volatility that comes with tech earnings. Let’s quickly recap what we heard from two tech giants. 📝

First up, cybersecurity firm Palo Alto Networks saw its first-quarter revenues jump 20% YoY to $1.88 billion. Meanwhile, adjusted earnings of $1.38 topped expectations of $1.16.

Read It

Earnings

December 4, 2023

GitLab’s Big Gains

On Friday, we discussed growth stocks getting back on the right path due to a variety of factors. Today, that trend continued with GitLab. 👍

The developer-tools company is jumping after posting better-than-expected earnings, revenues, and guidance. Adjusted earnings per share (EPS) of $0.09 on revenues of $149.7 million topped the $0.01 per share loss on $141.5 million in revenues that analysts anticipated.

Read It