Streetbeat News

Earnings

PRE

Prenetics Global (NASDAQ:PRE) reported Q1 earnings, beating estimated earnings by 33.33% with an EPS of $-0.04 compared to an estimate of $-0.06. However, revenue was down $74.34 million from the same period last year.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 11:05 am

SAIC

Science Applications International Corp (SAIC) has raised its FY24 revenue guidance to $7.125B-$7.225B from the previous $7.05B-$7.20B, and adjusted EPS to $7.00-$7.20 from the prior $6.80-$7.00, both beating estimates.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:04 am

SAIC

Science Applications Intl (SAIC) reported Q1 adjusted EPS of $2.14, beating the $1.77 estimate, and sales of $2.03B, surpassing the $1.96B estimate. This represents a 13.83% increase in earnings and a 1.60% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:00 am

ARLO

DAWN

IMGN

LILM

OSUR

RLX

TRMR

Several stocks recorded gains in today's pre-market trading session, including Day One Biopharmaceuticals, ImmunoGen, Arlo Technologies, OraSure Technologies, Lilium, Tremor International, and RLX Technology. These gains follow positive announcements such as clinical trial results, better-than-expected financial results, and insider trading.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 10:50 am

EPAM

EPAM has lowered its Q2 revenue guidance to $1.16B-$1.17B from $1.195B-$1.205B, and adjusted EPS to $2.33-$2.40 from $2.38-$2.46. The company also reduced its FY23 revenue forecast to $4.65B-$4.80B from $4.95B-$5.0B.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 10:12 am

AMZN

AVGO

TSLA

The S&P 500 rose sharply on Friday following May's jobs report, which showed the U.S. economy added 339,000 jobs, significantly higher than market estimates. Investors also cheered a deal to temporarily suspend the U.S. borrowing limit until 2025. Broadcom Inc. shares gained 2.8% after reporting better-than-expected Q2 results and Q3 revenue guidance above estimates.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 9:47 am

GLBS

HQY

JOAN

PEPG

SAIC

SAIC, HealthEquity, Globus Maritime, PepGen, and JOANN are stocks to watch on Monday. SAIC is expected to report earnings of $1.76 per share on revenue of $1.94 billion. Globus Maritime reported better-than-expected sales results for Q1. HealthEquity is expected to report earnings of 41 cents per share on revenue of $239.43 million. PepGen filed for a mixed shelf of up to $300 million. JOANN is expected to post a quarterly loss of 66 cents per share on revenue of $480.61 million.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 8:11 am

LULU

The Dow recorded its best day since January following strong jobs data and passage of a bill to raise the debt ceiling. Lululemon Athletica Inc. shares jumped over 11% after better-than-expected Q1 results. However, the CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 6:52 am

QQQ

SPTL

SPY

TLT

Morgan Stanley predicts a 16% drop in S&P 500 earnings per share this year, potentially slowing the ongoing rally. The investment bank is bullish on equities in Japan, Taiwan, and South Korea, and recommends an overweight position in developed-market government bonds, including long-dated Treasuries and the dollar.

Portfolio Pulse from Bhavik Nair

June 05, 2023 | 6:45 am

GLBS

Globus Maritime (NASDAQ:GLBS) reported Q1 earnings with an EPS of $-0.09, beating estimates by 35.71%. However, revenue was down $9.86 million compared to the same period last year.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 9:25 pm