Streetbeat News

Earnings

PDD

PDD Holdings reported better-than-expected Q1 financial results, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:17 pm

CRM

CRWD

TMO

CNBC's 'Halftime Report Final Trades' featured stock recommendations from financial experts, including Bryn Talkington, Joshua Brown, Jim Lebenthal, and Jason Snipe. They recommended 3-Month Treasury Bill, CrowdStrike Holdings (CRWD), Thermo Fisher Scientific (TMO), and Salesforce (CRM). CrowdStrike and Salesforce are expected to release their earnings soon.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 12:16 pm

SATX

SatixFy Communications reported Q1 losses of $(0.08) per share, a 76.47% increase YoY, and sales of $2.40M, a 14.29% increase YoY.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 12:02 pm

AAL

DAL

JBLU

UAL

A federal judge ruled that American Airlines and JetBlue Airways must cease their alliance within 30 days, stating it diminishes competition in the domestic air travel market. However, American Airlines' CFO Devon May claims the ruling will not impact the carrier's earnings.

Portfolio Pulse from Akanksha Bakshi

May 26, 2023 | 11:37 am

RL

Ralph Lauren Corp (NYSE:RL) reported better-than-expected Q4 FY23 sales growth of 1% YoY to $1.54 billion, beating the consensus of $1.47 billion. Adjusted EPS of $0.90 also beat the analyst consensus of $0.61. Following the earnings announcement, Deutsche Bank, Barclays, and Telsey Advisory Group raised their price targets on Ralph Lauren.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 11:20 am

BBY

NVDA

QQQ

SPY

US stocks are set to open modestly higher as debt talks continue and the June 1 deadline for a potential default approaches. Analyst Quincy Crosby sees headwinds easing due to positive sentiment from Nvidia's earnings, Best Buy's upbeat results, and headlines pointing to debt ceiling resolution.

Portfolio Pulse from Shanthi Rexaline

May 26, 2023 | 11:17 am

DLTR

Dollar Tree reported mixed Q1 results with sales growth of 6% YoY to $7.32 billion, beating consensus, but adjusted EPS of $1.47 missed the consensus of $1.52. The company revised its FY23 sales guidance and lowered its EPS outlook. Following the announcement, several analysts cut their price targets on Dollar Tree.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 11:07 am

WDAY

Workday Inc (NASDAQ:WDAY) reported better-than-expected Q1 results with revenue of $1.68 billion, up 17.4% YoY, and earnings of $1.31 per share. The company also appointed Zane Rowe as CFO. Following the announcement, several analysts raised their price targets on Workday shares.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 11:01 am

BAH

Booz Allen Hamilton reported Q4 earnings of $1.01 per share, beating the analyst consensus estimate of $0.95 by 6.32%. Sales reached $2.43B, surpassing the $2.39B estimate by 1.80%.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 11:00 am

BKE

Buckle reported Q1 earnings of $0.86 per share, missing the analyst consensus estimate of $0.91 by 5.49%. Sales were $282.83M, missing the estimate of $297.30M by 4.87%. This represents a 23.21% decrease in earnings and an 8.49% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:52 am