Streetbeat News

Earnings

BB

BlackBerry's shares are trading higher following the company's Q1 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:07 am

GBX

Greenbrier Companies has increased its revenue forecast for FY23 from $3.4B-$3.7B to $3.8B-$3.9B, surpassing the consensus estimate of $3.68B.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:05 am

AYI

Acuity Brands (NYSE:AYI) reported Q3 earnings, beating estimated earnings by 1.08% with an EPS of $3.75 against an estimate of $3.71. However, revenue was down $61.00 million from the same period last year. Last quarter, the company beat EPS estimates but saw a 0.86% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 10:05 am

GBX

Greenbrier Companies (NYSE:GBX) reported its Q3 earnings results, beating estimated earnings by 75.86% with an EPS of $1.02 versus an estimate of $0.58. Revenue was up $244.50 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 0.48% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 10:05 am

MU

Micron Technology, Inc. (MU) shares are trading higher following better-than-expected Q3 results. Additionally, Piper Sandler upgraded the stock from Underweight to Neutral.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:02 am

AYI

Acuity Brands (NYSE:AYI) reported Q3 earnings of $3.75 per share, beating the analyst consensus estimate of $3.71 by 1.08 percent. This is a 6.53 percent increase from the same period last year. However, the company's quarterly sales of $1.00 billion missed the analyst consensus estimate of $1.05 billion by 4.76 percent, marking a 5.75 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:02 am

GBX

Greenbrier Companies (NYSE:GBX) reported Q3 adjusted earnings of $1.02 per share, beating the analyst consensus estimate of $0.58 by 75.86%. This is a 1033.33% increase from the same period last year. The company also reported quarterly sales of $1.04 billion, beating the analyst consensus estimate of $898.75 million by 15.49%, a 30.81% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:01 am

MU

Micron Technology, Inc. (NASDAQ:MU) reported better-than-expected Q3 results with revenue of $3.75 billion, beating the consensus estimate of $3.65 billion. The company also reported a smaller loss than anticipated. Micron expects Q4 revenue to be between $3.7 billion and $4.1 billion. Following the earnings announcement, Keybanc and Piper Sandler raised their price targets on Micron.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 9:59 am

AYI

BB

MKC

MU

NKE

McCormick & Company, BlackBerry Limited, Acuity Brands, Micron Technology, and NIKE are the stocks to watch heading into Thursday. McCormick is expected to report quarterly earnings of 57 cents per share and has named Brendan Foley as CEO. BlackBerry reported better-than-expected fiscal first-quarter results. Acuity Brands is expected to have earned $3.71 per share. Micron Technology reported better-than-expected third-quarter results and expects fourth-quarter revenue to be between $3.7 billion and $4.1 billion. NIKE is expected to post quarterly earnings at 67 cents per share.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 7:41 am

AYI

GIS

MKC

NKE

The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors. U.S. stocks closed mixed on Wednesday with the Nasdaq settling higher. Federal Reserve Chair Jerome Powell indicated additional interest rate hikes this year. The U.S. government is considering semiconductor export limits to China. General Mills, Inc. (NYSE:GIS) shares dropped over 5% after a fourth-quarter revenue miss. Investors are awaiting earnings results from McCormick & Company, Incorporated (NYSE:MKC), Acuity Brands, Inc. (NYSE:AYI) and NIKE, Inc. (NYSE:NKE).

Portfolio Pulse from Lisa Levin

June 29, 2023 | 6:19 am