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ZTO Express Sees 10.1% Revenue Growth, Keysight Technologies Stock Rises 10%, and Latest in Earnings 

Fernanda T
Latest News
August 21 2024 8:13AM

ZTO Express (NYSE:ZTO) – The Chinese express delivery company reported second-quarter revenue of $1.48 billion in Q2 2024, an increase of 10.1%. Adjusted net income rose 10.9% to $386.1 million. Parcel volume grew 10.1%, but market share fell 2% to 19.6%. The company reaffirmed its forecast of 15%-18% growth in parcel volume for 2024. Shares rose 2.8% in pre-market trading.

Keysight Technologies (NYSE:KEYS) – The electronic test and measurement company beat expectations for the quarter, with earnings per share of $1.57, above the estimate of $1.35. Revenue was $1.22 billion, exceeding the forecast of $1.194 billion. The company projects earnings next quarter between $1.53 and $1.59 per share, with sales of $1.245 to $1.265 billion. Shares rose 10.4% in pre-market trading.

Toll Brothers (NYSE:TOL) – The luxury homebuilder reported quarterly revenue of $2.72 billion, beating FactSet estimates of $2.71 billion, and earnings per share of $3.60, above the expected $3.31. With record sales and an 11% increase in signed contracts, the company raised its full-year forecast, projecting earnings between $14.50 and $14.75 per share. Shares rose 1.1% in pre-market trading.

PagSeguro Digital (NYSE:PAGS) – The Brazilian payment fintech reported adjusted earnings per share of $0.32, below the estimate of $0.30. Revenue beat expectations, reaching $874.38 million, with a 34.2% increase in total payment volume. The company also expanded its customer base by 7.4% and increased its gross margin to 39.9%.

Jack Henry & Associates (NASDAQ:JKHY) – The financial technology company for banks reported fourth-quarter revenue of $559.91 million, below the estimate of $563.34 million. Earnings per share were $1.38, surpassing the previous quarter’s $1.34. Annual revenue grew 6.6% to $2.22 billion. The company significantly reduced its debt and increased its equity to $1.84 billion, highlighting robust financial performance.

La-Z-Boy (NYSE:LZB) – The comfortable furniture maker reported first-quarter revenue of $496 million, beating estimates of $479.77 million. Adjusted earnings were 62 cents per share, above the expected 60 cents. Sales increased 3% year-over-year, with the wholesale segment standing out (+5%). Store sales fell 3% as the company faces challenges with consumer spending. The second-quarter revenue projection is between $495 million and $515 million, below the expectation of $518 million.

DADA Nexus (NASDAQ:DADA) – The logistics and delivery company reported Q2 2024 revenue of RMB 2.35 billion, down 9.5% year-over-year. The net loss was RMB 286.2 million, up from the previous year. Revenues from Dada NOW grew 46.6%, while JD NOW saw a sharp decline. DADA Nexus appointed Kevin Qing Guo as chairman, succeeding Ian Su Shan. Guo is a co-founder of Robot-X Holdings and has been a DADA advisor since April. Bing Fu resigned as interim chairman for personal reasons. Shares fell 3.8% in pre-market trading.

Coty (NYSE:COTY) – The beauty and personal care company reported a Q4 adjusted loss of $0.03 per share, below earnings estimates of $0.05 per share. Revenue was $1.36 billion, slightly below the forecast of $1.38 billion but up 1% year-over-year. The company said it was impacted by the sale of the Lacoste fragrance license and retailers’ cautiousness in ordering. For 2025, the company expects slower growth but bets on new launches to attract customers. Coty forecasts earnings per share between $0.54 and $0.57, in line with analysts’ consensus. Shares rose 1.1% in pre-market trading.

Emeren Group (NYSE:SOL) – The solar and renewable energy company reported earnings of 1 cent per share in Q2, below the estimate of 7 cents. Revenue was $30.06 million, in line with analysts’ forecasts.

Sociedad Química y Minera de Chile (NYSE:SQM) – The second-largest lithium producer saw quarterly profit drop 63.2% to $213.6 million, or 75 cents per share, below the estimate of $296.7 million or 95 cents. Revenue of $1.3 billion was in line with LSEG expectations. The miner faces continued low lithium prices and projects challenges in the second half.

Target (NYSE:TGT) – Target will report its quarterly earnings on Wednesday. Analysts monitored by LSEG expect earnings per share of $2.18 and revenue of $25.21 billion. The company is trying to reverse a decline in comparable sales with discounts on essentials and new loyalty programs. Shares rose 0.9% in pre-market trading.

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