Streetbeat News

Earnings

CBRL

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported Q3 FY23 sales growth of 5.4% YoY to $832.69 million, missing analyst consensus of $846 million. Comparable store retail sales decreased 4.6%, and restaurant sales grew 7.4%. Adjusted EPS of $1.21 missed the consensus of $1.34. The company expects Q4 revenue growth of 1% - 3% and anticipates a challenging near-term environment.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 1:39 pm

AAPL

NVDA

TSM

TSMC has cut its 2023 capital expenditure outlook to the lower end of the previously forecast $32 billion - $36 billion range, citing weak demand for smartphones and computing chips. The company reaffirmed a low- to mid-single-digit revenue decline in 2023 but expects substantial growth starting in 2024.

Portfolio Pulse from Anusuya Lahiri

June 06, 2023 | 1:24 pm

SJM

J M Smucker Co (SJM) reported Q4 FY23 sales growth of 10% YoY to $2.23 billion, beating estimates of $2.17 billion. Adjusted EPS of $2.64 also beat the estimate of $2.37. However, the company incurred an operating loss of $633.5 million. SJM shares are trading higher by 2.15% at $152.16 in premarket.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 1:23 pm

GTLS

Chart Industries (GTLS) projects its 2024 adjusted EBITDA to reach $1.3 billion, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:22 pm

SBEV

Splash Beverage Group (SBEV) reported Q1 losses of $(0.15) per share, missing the $(0.12) estimate by 25%. Quarterly sales were $5.80M, missing the $6.11M estimate by 5.07%, but increased 47.70% YoY.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:19 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) reported better-than-expected Q1 earnings with an adjusted loss of 6 cents per share and sales of $126.90 million. Following the announcement, several analysts raised their price targets on the stock.

Portfolio Pulse from Lisa Levin

June 06, 2023 | 1:18 pm

CXM

Sprinklr, Inc. (NYSE:CXM) reported better-than-expected Q1 earnings and sales, leading to raised FY24 outlooks and multiple analysts increasing their price targets. Shares gained 4.7% in pre-market trading.

Portfolio Pulse from Lisa Levin

June 06, 2023 | 1:12 pm

AAPL

COIN

DIS

GME

HOTH

Top 5 stocks to watch on June 6, 2023 include Apple, Disney, Coinbase, GameStop, and Hoth Therapeutics. Apple's WWDC presentation received mixed analyst reactions, Disney is undervalued according to Morgan Stanley, Coinbase faces an SEC lawsuit, GameStop prepares to report quarterly results, and Hoth Therapeutics' Alzheimer's treatment shows promising pre-clinical results.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:08 pm

FWRD

Forward Air Corporation (FWRD) expects softer demand to continue as a headwind throughout the remainder of Q2.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:06 pm

CIEN

GTLB

TIO

ZFOX

12 IT stocks experienced significant price movements during Tuesday's pre-market session, with GitLab and ZeroFox Holdings among the gainers after releasing Q1 earnings, while Tingo Group and Ciena were among the losers.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 1:06 pm