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Home Blog Page 8723

Pure Storage’s Upcoming Q3 Results Preview

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Deutsche Bank analysts shared their views on Pure Storage, Inc. (NYSE:PSTG) ahead of the upcoming Q3 earnings announcement, expecting the company to post results consistent with its guidance and reiterate its fiscal 2023 outlook.
While IT spending decisions are slowing, analysts believe demand for storage products will fare better than the demand for other products (e.g. servers). The analysts also expect an expanding subscription business (approximately 37% of total revenue) to offset any potential slowdown in product sales. Furthermore, the analysts noted that on the margin front, rapidly declining NAND prices could provide a potential tailwind.

Farfetch Limited Shares Plunge 18 percent Since Q3 Report

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Farfetch Limited (NYSE:FTCH) shares fell around 18% since the company’s reported Q3 results on Thursday, which were negatively affected by China headwinds, the strong dollar, and an increased focus on full-price sales, offset by stronger contribution margins.
Q3 EPS came in at ($0.24), worse than the Street estimate of ($0.21). Revenue was $593.4 million, missing the Street estimate of $598.26 million.
The company reduced its full-year guidance and now anticipates digital platform GMV (Gross merchandise value) to drop 5-7% from prior 0-5% growth. Furthermore, management now expects an adjusted EBITDA margin loss of 3%-5%, down from the prior 0%.

American takes aim at erratic Hoyas


Georgetown and American are located less than three miles apart in Northwest Washington, D.C. But their basketball ambitions are not in the same neighborhood.

While the Hoyas play in the powerful Big East, the Eagles toil in relative anonymity in the Patriot League.

On Wednesday night, when American (2-2) plays in the 20,000-plus seat NBA arena that Georgetown (3-2) calls home, the game might have a chance to be more competitive than those in recent series history.

While the Hoyas have five transfers in the starting lineup and are prone to erratic swings, the Eagles are a stable outfit with four returning starters.

On Sunday night, American won its second straight, 58-53, at New Jersey Institute of Technology in front of an announced crowd of 478. Elijah Stephens, a 5-foot-9 guard, had 14 points, five rebounds and five assists, while 6-9 Matt Rogers added 12 points and eight boards.

The Eagles were picked in the preseason to finish seventh in the 10-team Patriot League, but 10-year coach Mike Brennan likes his team’s progression.

“Our group, they get better at whatever we throw at them,” Brennan said. “We see where we’re at, what we have to improve upon, and the group responds.”

Georgetown’s inconsistency was apparent last weekend in the Jamaica Classic. In their opener, the Hoyas had a 10-point lead on Loyola Marymount in the second half before yielding a 29-4 run on their way to an 84-66 loss.

On Sunday, 6-10 Qudus Wahab powered inside for 23 points as Georgetown downed La Salle 69-62. The Hoyas were up by 25 points in the first half before the Explorers came all the way back to tie. Georgetown prevented another collapse by scoring the game’s final seven points.

Georgetown coach Patrick Ewing credited UConn transfer Akok Akok (10 rebounds, three blocks).

“The energy was led there by Akok Akok — his fire, his ability to block shots,” Ewing said. “I thought his energy in the first half was the reason we got the win.”

The Hoyas have been paced by backcourt transfers Primo Spears (Duquesne), who is averaging 18.3 points per game, and Brandon Murray (LSU), who is scoring at a 14.5 clip.

Jay Heath is scoring 11.0 points per game after missing Georgetown’s first two games awaiting clearance from the NCAA on his transfer from Arizona State.

–Field Level Media

Wake Forest tries to get well against South Carolina St.


Wake Forest wants to get back to a game situation as soon as possible.

The Demon Deacons are reeling and hopeful a Wednesday matchup against visiting South Carolina State in Winston-Salem, N.C., could be a good tonic.

Wake Forest (4-1) suffered its first loss of the season Sunday in the final of the Jamaica Classic at Montego Bay, Jamaica.

It wasn’t only the defeat in overtime to Loyola Marymount that was disturbing. It was the way it happened. The Demon Deacons failed to protect an eight-point lead in the last two minutes of regulation.

“My job is to get our team to play the right way at the end of the game,” Wake Forest coach Steve Forbes said. “Obviously, I didn’t do that, so I’m going to have to go back and look at it and see where we can fix it, but it’s inexcusable.”

Forbes called it one of the most frustrating losses of his career. Poor free-throw shooting and turnovers were among the biggest issues.

“The little things are big things,” Forbes said. “They end up getting you.”

There are some positives for the Demon Deacons, who’ll play their fourth home game of the season when SC State (0-5) arrives.

The Bulldogs’ defeats have included setbacks to power conference teams South Carolina and Kentucky.

“I’ve always been a glass is half-full guy,” coach Erik Martin said. “What we get out of this is to get up, be on the road, grind, and bond.”

SC State is playing 11 consecutive road games to begin its schedule.

“The goal is to get through this and make sure our spirits are still up and we’re still a team,” Martin said. “Losses can rip you apart but hopefully being on the road a lot my team bonds.”

Five games into the season, it appears that Wake Forest has tapped successfully into the transfer market for the second season in a row. Tyree Appleby is averaging 19 points per game. However, he committed five of his total of 13 turnovers for the season in the Loyola Marymount game.

“The reality is our offense was terrible when it comes to handling the ball,” Forbes said.

Wake Forest guard Daivien Williamson has been hampered with a back ailment, so he was limited during the weekend.

SC State’s leading scorer is Gary Rakeim with 9.6 points per game.

–Field Level Media

Syracuse, St. John’s renew acquaintances in Empire Classic final


Syracuse and St. John’s will revive an old Big East rivalry on Tuesday when they square off in the Empire Classic final in New York.

The two New York schools will play at Barclays Center for the second consecutive night. Syracuse beat Richmond 74-71 in overtime in Monday’s first semifinal game, and St. John’s followed that up by outlasting Temple 78-72.

The Orange (3-1) received a career-high 31 points from Joseph Girard on 12-of-24 shooting. Benny Williams made a crucial steal with five seconds left in regulation to force overtime, and freshmen Chris Bell and Judah Mintz made back-to-back jumpers in the final 2:03 that put them ahead for good.

Longtime coach Jim Boeheim was less pleased that Syracuse’s defense allowed Richmond to make 13 3-pointers in 31 attempts (41.9 percent).

“I think the good news is, we needed to get a stop at the end of regulation and we got it, and then the overtime, two freshmen made the first two buckets (of the game-ending run),” Boeheim said.

St. John’s (5-0) fell in a 25-12 hole to Temple during the first half before its shooters warmed up. Montez Mathis scored 16 points on 7-of-10 shooting to lead the Red Storm.

Joel Soriano added 15 points and 12 rebounds to post his fourth double-double in five games. Andre Curbelo scored five of his 13 points late in the second half, bringing the Red Storm back from down 72-70 with a three-point play and a driving layup on consecutive possessions.

St. John’s coach Mike Anderson underscored the excitement of his program facing Syracuse, which it hasn’t done since 2016.

“It’s a championship game. We’re gonna turn this into a championship game,” Anderson told reporters. “It’s an in-state school, we’re trying to win games (and) it should be a great atmosphere.”

Officially, Syracuse owns a 52-42 edge in the all-time series with St. John’s. The Red Storm won the last three meetings, though, including a 93-60 beatdown on Dec. 21, 2016.

–Field Level Media

Unbeatens Nevada, Kansas State clash in Cayman Islands


Nevada and Kansas State will put their unblemished records on the line Tuesday night in the semifinals of the Cayman Islands Classic in George Town, Cayman Islands.

The Wolf Pack (5-0) handed Tulane its first loss of the season with a 75-66 decision on Monday evening. The Wildcats (4-0) followed that with a 77-57 victory over Rhode Island.

Kansas State never trailed against the Rams, racing to a 17-point lead at halftime before cruising through the second half.

Nae’Qwan Tomlin scored 15 points, Keyontae Johnson 14 and David N’Guessan 12 for Kansas State. It was the first time this season that Johnson was not the Wildcats’ leading scorer.

Markquis Nowell had 12 assists to go along with nine points.

“They wanted to play fast,” Kansas State coach Jerome Tang said following the game. “I just felt we were faster. We wanted it to be an up-and-down game. (Markquis) did a great job of reading the defense and delivering the ball on time on target.”

The Wildcats will look to play a cleaner game. They committed 21 turnovers against Rhode Island.

The Wolf Pack attempted 38 free throws overall against Tulane and made 7 of 13 shots from 3-point range in the second half to pull away. Nevada trailed at the half 32-29 after connecting on just 20 percent from the field in the first half.

Jarod Lucas had 22 points for the Wolf Pack and Tre Coleman added 13, highlighted by four made 3-pointers. Kenan Blackshear had 11 points, 10 rebounds and five assists.

The Wolf Pack defense has held its first five opponents to 38 percent shooting or worse from the field.

“I’m really proud of our guys, how they battled,” Nevada coach Steve Alford said. “You can’t win this thing unless you win the first one.”

Nevada was down to eight scholarship players Monday. Daniel Foster did not play after sustaining an ankle injury last Friday. Center K.J. Hymes hurt his back during pre-game warmups.

“That’s not what you want to hear in warmups, as a coach, that you’re down a big,” Alford said, “because we’re already down enough bodies.”

–Field Level Media

Experience levels differ as Ohio State faces Cincinnati


Ohio State takes another step in its bid to develop chemistry when the Buckeyes oppose Cincinnati on Tuesday in the consolation bracket of the Maui Invitational in Lahaina, Hawaii.

The Buckeyes (3-1) lost 88-77 to No. 17 San Diego State on Monday with a lineup that included four freshmen and three transfers.

Aztecs coach Brian Dutcher was impressed with his opponent.

“Maybe we had a leg up because we had more experience than Ohio State had,” he said. “But if we run into Ohio State a month from now and those young guys get all that experience, then it’s going to be another tough battle if it ever happens.”

Cincinnati (3-2) fell 101-93 to No. 14 Arizona on Monday.

The Bearcats trailed 40-30 at the half and responded by shooting 62.9 percent (22 of 35) in the second half, but it wasn’t enough when Arizona made 79.3 percent (23 of 29) from the floor over the same span.

“I didn’t think we had a lack of effort or a lack of want-to,” Cincinnati coach Wes Miller said. “But our players have never seen anything like that. They hung 61 on us in the second half. That’s not good enough.”

Senior Landers Nolley II scored a career-high 33 points for Cincinnati, topping his 30 points vs. Clemson on Nov. 5, 2019, while playing for Virginia Tech.

“I was really proud of our kids’ fight,” Miller said. “We’re going to be a really good team. I’m sure of that tonight. I’m sure of it.”

The Buckeyes got 22 points, all but two in the second half, from West Virginia transfer Sean McNeil. He totaled 19 points in the first three games of the season.

“I’ve had multiple conversations with the staff,” McNeil said. “They want me to be more aggressive, and I was more aggressive in the first half, but in the second half, I saw one or two fall and then confidence builds and that’s kind of what happens.”

Ohio State leads the series with its in-state rival 8-4 with four straight wins.

–Field Level Media

Georgia, UAB meet for Sunshine Slam championship


The Georgia Bulldogs and UAB Blazers will meet on Tuesday in the championship game of the Sunshine Slam’s Beach Bracket in Daytona Beach, Fla., after both had little trouble in the semifinals.

Georgia (4-1) never trailed and led 38-15 at halftime en route to a 66-53 win over Saint Joseph’s on Monday. UAB (3-1) pulled away for an 80-65 victory over winless South Florida earlier in the day.

For the Bulldogs, Kario Oquendo had 15 points and five rebounds and Justin Hill chipped in 12 points, including going a perfect 3-for-3 from 3-point range. Terry Roberts finished with 12 points, five assists and four rebounds, and Jabri Abdur-Rahim scored all 12 of his points in the first half.

Georgia took control of the game midway through the first half by going on an 11-2 run to take a 15-6 lead following Oquendo’s free throw with 12:42 left. Roberts’ jumper with 25 seconds left in the half extended the Bulldogs lead to 23 at the break.

“Our level of urgency (in the first half) was high,” Georgia coach Mike White said. “I think there was a big difference in our communication between half one and half two. In half one, it was about as sharp as it had been in any game or practice.”

The Blazers outscored the Bulls 38-28 in the second half to turn a close game into a decisive victory.

Jordan Walker had 15 points and five assists to lead four Blazers in double-figure scoring. Javian Davis posted 14 points and eight rebounds, Ledarrius Brewer had 14 points and five rebounds and KJ Buffen chipped in 10 points and seven rebounds.

The Blazers outrebounded the Bulls 40-31 and scored 14 points off South Florida’s 13 turnovers.

However, UAB also committed 13 turnovers, including five by Walker and three by Eric Gaines.

“The thing that sticks out to me is this thing has to get corrected,” UAB coach Andy Kennedy said during his Blazers Sportsline postgame interview.

“I’m obviously scratching my bald head daily about it. Another game, another eight turnovers out of our backcourt. It’s just not winning basketball. We’ve got to get those guys tightened up if we’re expected to have an opportunity (Tuesday).”

–Field Level Media

No. 9 Arkansas, No. 10 Creighton expect tough duel


No. 9 Arkansas will play its first top-10 matchup during the regular season in nearly 28 years when it faces No. 10 Creighton on Tuesday in the semifinals of the Maui Invitational in Lahaina, Hawaii.

Arkansas (4-0) and Creighton (5-0) have dominated every opponent they’ve played. The Razorbacks have won their four games by an average of 21.3 points after an 80-54 victory over winless Louisville on Monday. Creighton’s victories have been by an average of 23.2 points per game following a 76-65 win over No. 21 Texas Tech on Monday.

Arkansas last played in a top-10 regular season matchup when the then-No. 9 Razorbacks defeated then-No. 5 Kentucky on Jan. 29, 1995. Creighton has played in just three top-10 matchups in its history, with the last one being when then-No. 8 Bluejays lost to then-No. 5 Kansas on Dec. 8, 2020.

Freshman Anthony Black scored 26 points to go along with six assists, three rebounds and two steals against Louisville after scoring 18 points in the Razorbacks’ first three games of the season combined. Ricky Council IV added 15 points vs. the Cardinals, while Makhel Mitchell finished with 12 points and six rebounds.

“Anthony does so much,” Arkansas coach Eric Musselman said. “To think he had two more assists than the entire Louisville team is a real testament to his unselfishness for sure.”

The Razorbacks, who led by as many as 27 points in the second half, shot 29 of 51 (56.9 percent) from the field on Monday, including 8 of 22 (36.4 percent) from 3-point range. Arkansas outrebounded the Cardinals 28-24 and scored 29 points off Louisville’s 22 turnovers.

“I thought defensively we were phenomenal in both halves,” Musselman said.

But Musselman is impressed by Creighton, which had all five starters score in double figures against the Red Raiders.

“I think that our team has continued to grow, and we knew coming into this tournament that we were going to have some really challenging games,” Musselman said. “That, obviously, is going to be a real challenge to play Creighton.”

Arthur Kaluma had 18 points for Creighton on Monday, while Trey Alexander added 17 and Ryan Nembhard chipped in 16. Baylor Scheierman racked up 11 points and 12 rebounds, while Ryan Kalkbrenner had 10 points, six rebounds and two blocks despite injuring his ankle in the first half.

“Thank goodness Kalkbrenner was tough enough to play through a pretty good sprained ankle,” Creighton coach Greg McDermott said, “because his presence at the rim and on the glass for us is so important.”

The game was tied at 31 at the break, but the Blue Jays opened the second half on a 23-12 run to seize control.

“First time on the road with this team, maybe they were anxious and excited,” McDermott said. “We certainly weren’t ourselves early in that game. We had as many turnovers in the first 20 possessions, I think, as we’ve had in four games. So once we settled in, I thought we were pretty good.”

Tuesday’s game will mark the teams’ first meeting in nearly 60 years.

Arkansas knocked off the Bluejays 73-61 at the All-College Tournament on Dec. 29, 1962, after Creighton won the teams’ first meeting 29-28 in 1932.

–Field Level Media

Top 25 roundup: No. 14 Arizona lights up scoreboard in Maui win


Azuolas Tubelis scored 30 points and had 11 rebounds as No. 14 Arizona scorched the nets in the second half to defeat pesky Cincinnati 101-93 at the Maui Jim Maui Invitational in Lahaina, Hawaii, on Monday night.

Tubelis made 12 of 18 shots, and frontcourt partner Oumar Ballo also had a double-double with 21 points and 10 rebounds to help Arizona advance to Tuesday night’s semifinal against San Diego State.

The Wildcats (4-0) made their first 12 shots after halftime and shot 79.3 percent (23 of 29) in the second half, when the teams combined for 124 points. The Bearcats (3-2) kept pace with torrid 3-point shooting, led by senior Landers Nolley II, who finished with a career-high 33 points while making 9 of 14 from behind the arc.

Arizona led 40-30 at the break but couldn’t pull away despite its hot shooting. Cincinnati, which made 13 of 19 3-pointers in the second half, climbed within 81-74 on a long ball from Mika Adams-Woods with 5:29 to go.

No. 4 Texas, 73 Northern Arizona 48

Marcus Carr scored 17 points as the Longhorns experienced no hangover from their biggest win in years, a victory over then-No. 2 Gonzaga, in routing the Lumberjacks in a Leon Black Classic game at Edinburg, Texas.

Texas (4-0) led by 28 at halftime and let off the gas in the second half, having done more than enough to secure the win while getting everyone in uniform into the game.

Xavier Fuller led the Lumberjacks (2-4) with 15 points. No other player had more than six points for Northern Arizona, which had a two-game winning streak snapped.

No. 8 Duke 74, Bellarmine 57

Kyle Filipowski scored from the inside and perimeter on his way to 18 points as the host Blue Devils withstood the Knights’ patient attack to win in Durham, N.C.

Jacob Grandison added 16 points off the bench and Jeremy Roach had 10 points for the Blue Devils (4-1), who didn’t pull away until the final few minutes. Duke shot 14-for-35 on 3-pointers, with five players connecting from deep at least two times.

Curt Hopf and Peter Suder both scored 11 points for Bellarmine (2-3), which beat Louisville earlier in the season. Juston Betz had nine points, but the Knights shot 42.6 percent from the field.

No. 9 Arkansas 80, Louisville 54

Anthony Black scored 26 points and Ricky Council IV added 15 as the Razorbacks cruised to a victory over the winless Cardinals in an opening-round game at the Maui Invitational in Lahaina, Hawaii.

Black shot 9 for 11 from the field, including 3 for 5 from 3-point range, to go along with six assists, three rebounds and two steals. Council shot 6 for 13 from the field. Louisville (0-4) was led by Kamari Lands’ 13 points. Arkansas (4-0) scored 29 points off Louisville’s 22 turnovers.

Arkansas will face No. 10 Creighton in Tuesday’s semifinals.

No. 10 Creighton 76, No. 21 Texas Tech 65

Arthur Kaluma had 18 points and all five Creighton starters scored in double figures as the Bluejays owned the second half on the way to a win over the Red Raiders in an opening-round game at the Maui Invitational in Lahaina, Hawaii.

Trey Alexander had 17 for Creighton (5-0). Ryan Nembhard added 16, Baylor Scheierman racked up 11 points and 12 rebounds and Ryan Kalkbrenner had 10 points.

The Red Raiders (3-1) were led by Daniel Batcho’s 17 points. Pop Isaacs had 13, De’Vion Harmon added 12 and Kevin Obanor scored 10 for Texas Tech, which shot just 43.5 percent from the floor to Creighton’s 55.1 percent.

No. 17 San Diego State 88, Ohio State 77

Matt Bradley scored 18 points to lead four Aztecs in double figures during a victory over the Buckeyes in the quarterfinals of the Maui Invitational in Lahaina, Hawaii.

Lamont Butler and Micah Parrish scored 15 points each and Adam Seiko had 14 for San Diego State (4-0).

Sean McNeil scored 20 of his 22 points in the second half, Brice Sensabaugh had 17 points and Bruce Thornton added 13 points for Ohio State (3-1).

–Field Level Media