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Earnings Buzz and Reactions: Accolade, Progress Software, and Nike

  • June 29th, 2023
  • 292 views

Accolade, Inc. (Nasdaq: ACCD) released its first-quarter fiscal 2024 earnings report, revealing a loss of $0.52 per share, which was better than the consensus estimate of a loss of $0.62 per share. The company also reported quarterly sales of $93.20 million, surpassing the consensus expectation of $90.30 million.

Encouraged by these results, Accolade raised its full-year fiscal year 2024 revenue guidance to a range of $410 million to $414 million, which exceeds the consensus estimate of $409.93 million for the period.

$ACCD was trading at $14.58 in after-hours, marking a significant increase of $1.94 (15.35%).

In other news, Progress Software Corporation (Nasdaq: PRGS) announced its second-quarter fiscal 2023 earnings, reporting an EPS of $1.06, outperforming the consensus estimate of $0.90. Looking ahead to the third quarter of fiscal 2023, the company projects an EPS in the range of $0.98 to $1.02, compared to the consensus estimate of $0.97 for the period.

Additionally, Progress Software raised its full-year fiscal 2023 EPS guidance to a range of $4.16 to $4.24, up from the previous range of $4.09 to $4.17. This adjustment exceeds the consensus estimate of $4.14 for the period.

In after-hours, $PRGS was trading at $55.02, showing a gain of $0.14 (0.26%).

Separately, Nike, Inc. (NYSE: NKE) released its fourth-quarter fiscal 2023 earnings report, disclosing an EPS of $0.66, slightly below the consensus estimate of $0.67. However, the company's quarterly sales reached $12.82 billion, surpassing the consensus estimate of $12.59 billion.

$NKE was trading at $109.90, down $3.47 (3.06%) in after-hours.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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