Streetbeat News

Earnings

KR

Kroger reaffirms its FY24 adjusted EPS outlook of $4.30-$4.50, slightly below the $4.44 estimate. The company expects identical sales growth of 0.75% to 1.75% and capital expenditures of $3.6-$3.8 billion.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:04 pm

GMGI

Golden Matrix's subsidiary, Meridianbet, achieved record-breaking results in August 2024, with a 13% growth in online casino revenue and a 9% increase in online sports betting. Additionally, revenue from the Americas surged 72% above the 2024 monthly average.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:03 pm

ALK

ARKF

IPO

Alaska Air Group (NYSE:ALK) has raised its Q3 earnings forecast significantly, projecting adjusted EPS between $2.15 and $2.25, surpassing the analyst consensus of $1.60. This is attributed to strong summer travel demand and lower fuel costs. ALK shares rose 4.33% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 12:02 pm

KR

Kroger reported a 1.2% increase in identical sales excluding fuel for Q2. This indicates a modest growth in the company's core retail operations.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:02 pm

BGNE

CURV

OXM

PSNY

VNOM

Oxford Industries reported weaker-than-expected Q2 earnings and sales, leading to a 10.3% drop in pre-market trading. The company missed analyst estimates and provided FY24 guidance below expectations. Other stocks like GameStop, BeiGene, and Viper Energy also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 12:02 pm

KR

Kroger's Q2 2024 earnings per share (EPS) of $0.93 surpassed analyst expectations of $0.91, despite a year-over-year decrease. However, sales of $33.912 billion fell short of the $34.090 billion estimate, showing a slight increase from last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:02 pm

GLD

NVDA

SPY

USO

U.S. markets closed higher with strong gains in the technology sector, led by Nvidia. Inflation data showed a 0.2% increase in CPI for August. Asian markets were mixed, while European markets advanced. Crude oil and gold prices rose due to disruptions in U.S. Gulf production.

Portfolio Pulse from Akanksha Bakshi

September 12, 2024 | 12:00 pm

WKSP

Worksport is on track to exceed its 2024 guidance, with annual recurring revenue (ARR) nearing its market cap, record sales, and a path to cash flow positivity.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:00 pm

STRM

Streamline Health Solutions shares declined following the release of mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:50 am

CSBR

Champions Oncology shares rose following better-than-expected Q1 results and an upgrade from Craig-Hallum, which changed its rating from Hold to Buy while maintaining a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:47 am