Streetbeat News

Earnings

MU

Rosenblatt analyst Hans Mosesmann expects Micron Technology's (NASDAQ:MU) earnings to align with expectations this Wednesday. He predicts a 10% impact on August sales due to China's restrictions on Micron memory in specific infrastructure segments. The analyst is positive on MU's potential for 2024 due to the cyclical DRAM play and AI-driven shifts in the semiconductor industry.

Portfolio Pulse from Anusuya Lahiri

June 26, 2023 | 5:03 pm

CCL

Carnival Corporation shares fell 9% after reporting Q2 financial results and issuing guidance. Other stocks experienced significant gains and losses during Monday's mid-day session, with Benitec Biopharma, TRxADE HEALTH, and MoonLake Immunotherapeutics among the top gainers, while Avalo Therapeutics and FibroGen saw significant declines.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 4:31 pm

AGIO

Agios Pharmaceuticals announced that the Phase 2 portion of the RISE UP study of mitapivat in sickle cell disease met its primary endpoint of hemoglobin response. The results support proceeding with the Phase 3 portion of the study. Agios plans to analyze the data further to select a dose for the Phase 3 study, which is expected to enroll 198 patients and report data in 2025.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 4:23 pm

FL

Foot Locker (FL) sees a surge in Oct 20 $30 call options near the ask price, with 1,555 contracts traded at $1.3 versus 422 open interest. Earnings are expected on August 18 before the market opens.

Portfolio Pulse from Charles Gross

June 26, 2023 | 4:18 pm

CCL

Carnival Corporation (NYSE:CCL) shares dropped over 9% after reporting Q2 revenue of $4.91 billion, beating the consensus estimate of $4.77 billion, and an adjusted loss of 31 cents per share, beating estimates for a loss of 34 cents per share. Crude oil prices rose, and U.S. stocks traded lower with the Nasdaq dropping around 80 points.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 4:09 pm

CCL

Carnival Corp reported Q2 FY23 sales growth of 104.5% YoY to $4.91 billion, beating the analyst consensus of $4.77 billion. The company raised its FY23 adjusted EBITDA guidance and expects positive net yields for the second half of the year. However, CCL shares are trading lower by 10%.

Portfolio Pulse from Shivani Kumaresan

June 26, 2023 | 4:08 pm

CCL

RCL

Royal Caribbean Cruises (RCL) shares are trading lower on Monday after Carnival Corp. (CCL) reported Q2 earnings. Despite beating consensus estimates, Carnival stock is trading over 11% lower, affecting Royal Caribbean's stock.

Portfolio Pulse from Erica Kollmann

June 26, 2023 | 3:31 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NCLH) shares are down 4.38% to $18.55, falling in sympathy with Carnival Corporation after it reported Q2 financial results and issued guidance. Carnival's Q2 sales increased by 104.54% YoY, and adjusted FY23 EBITDA is projected to be between $4.10 billion and $4.25 billion.

Portfolio Pulse from Henry Khederian

June 26, 2023 | 3:08 pm

CCL

NCLH

RCL

Cruise companies' shares are trading lower following Carnival's Q2 financial results and guidance announcement.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 3:08 pm

GDEV

GDEV Inc reported Q4 sales of $99 million, a 19.24% decrease from $122.58 million in the same period last year.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 2:53 pm