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Grocery store chain Sprouts Farmers Market (NASDAQ:SFM) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 8.7% year on year to $1.88 billion. It made a non-GAAP profit of $1.12 per share, improving from its profit of $0.98 per share in the same quarter last year.
Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features. The company has also branched out into selling chips for cars and devices such as headphones, which in the second quarter helped it beat Wall Street expectations. The company said its sales to Chinese smartphone makers have grown 40% in the first half of its fiscal year, a sign of recovery in that market.
Real estate technology company eXp World (NASDAQ:EXPI) announced better-than-expected results in Q1 CY2024, with revenue up 10.9% year on year to $943.1 million. It made a GAAP loss of $0.10 per share, down from its profit of $0.01 per share in the same quarter last year.
On-demand food delivery service DoorDash (NYSE:DASH) beat analysts' expectations in Q1 CY2024, with revenue up 23.5% year on year to $2.51 billion. It made a GAAP loss of $0.06 per share, improving from its loss of $0.41 per share in the same quarter last year.
Engineering and design software provider PTC (NASDAQ:PTC) announced better-than-expected results in Q1 CY2024, with revenue up 11.2% year on year to $603.1 million. On the other hand, next quarter's revenue guidance of $532.5 million was less impressive, coming in 9.2% below analysts' estimates. It made a GAAP profit of $0.95 per share, improving from its profit of $0.53 per share in the same quarter last year.