Streetbeat News

Earnings

GMS

GMS reported Q4 adjusted earnings of $2.11 per share, beating the analyst consensus estimate of $1.89 by 11.64%. Quarterly sales reached $1.30 billion, surpassing the estimate of $1.27 billion by 2.68%.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:01 am

AMZN

FDX

MSFT

The S&P 500 settled lower on Wednesday following comments from Federal Reserve Chair Jerome Powell, signaling potential additional rate hikes. All three major stock indexes recorded losses for the third consecutive session. FedEx reported better-than-expected earnings, while sales missed estimates. The Nasdaq 100 fell 1.35% amid losses in shares of Microsoft and Amazon.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 9:59 am

ECIA

Encision (OTC:ECIA) reported Q4 losses of $(0.01) per share and sales of $1.81 million.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:17 am

ACN

CMC

DRI

KBH

SCS

U.S. stock futures are trading lower on Thursday, with investor focus on Commercial Metals Company (CMC), Steelcase Inc. (SCS), Accenture plc (ACN), KB Home (KBH), and Darden Restaurants, Inc. (DRI). CMC, ACN, and DRI are expected to report earnings, while SCS and KBH have announced better-than-expected earnings.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 8:04 am

AMZN

FDX

The CNN Money Fear and Greed index remains in the 'Extreme Greed' zone as US stocks closed lower for the third straight session. Amazon shares fell 0.8% after the FTC filed a lawsuit against the company, and FedEx shares dropped 2.5% after reporting Q4 revenue miss and a disappointing FY24 outlook.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 6:53 am

ASTL

Algoma Steel Group (NASDAQ:ASTL) reported Q4 losses of $(0.14) per share and quarterly sales of $501.08 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 9:57 pm

META

Meta Platforms Inc (NASDAQ:META) reported Q1 FY23 results, with over 3 billion daily users across its services. The company saw a 26% YoY increase in ad impressions, the highest growth rate since FY20. Time spent on Instagram increased by over 20% since the launch of Reels.

Portfolio Pulse from The Science Of Hitting

June 21, 2023 | 9:00 pm

EPAC

Enerpac Tool Group (NYSE:EPAC) reported Q3 earnings of $0.39 per share, a 143.75% increase YoY, and sales of $156.30M, a 2.90% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:31 pm

KBH

KB Home reported better-than-expected Q2 earnings and issued strong guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:27 pm

KBH

KB Home (NYSE:KBH) reported Q2 revenue of $1.77 billion, beating the consensus estimate of $1.42 billion, and earnings of $1.94 per share, surpassing analyst estimates of $1.34 per share. The company expects full-year housing revenues to be between $5.8 billion and $6.2 billion, higher than estimates of $5.5 billion.

Portfolio Pulse from Adam Eckert

June 21, 2023 | 8:23 pm