Streetbeat News

Earnings

BA

Boeing's CFO stated that the upper end of the company's 2023 free cash flow goal is under pressure, but they remain committed to achieving the goal.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:27 pm

ELF

e.l.f. Beauty (NYSE:ELF) reported better-than-expected Q4 results with adjusted earnings of 42 cents per share and sales of $187.36 million. Following the announcement, several analysts raised their price targets on the stock.

Portfolio Pulse from Lisa Levin

May 25, 2023 | 1:25 pm

PATH

UiPath Inc (NYSE:PATH) reported Q1 revenue of $289.59 million, beating estimates of $271.13 million, and earnings of 11 cents per share, surpassing estimates of 2 cents per share. However, shares are trading lower as Barclays lowered its price target following the results.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 1:22 pm

AMD

MU

TSM

Chip stocks, including Advanced Micro Devices (AMD), Micron Technology (MU), and Taiwan Semiconductor Manufacturing Co (TSM), are trading higher following NVIDIA's (NVDA) better-than-expected Q1 results and strong Q2 revenue guidance. NVIDIA's positive commentary on outsized demand for multiple chips is driving several semiconductor names higher.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 1:17 pm

AEO

GCO

MOD

QSG

RRGB

VEDU

Several consumer discretionary stocks experienced significant price movements during Thursday's pre-market session, with Modine Manufacturing, Red Robin Gourmet Burgers, and Visionary Education Tech among the gainers, while QuantaSing Group, Genesco, and American Eagle Outfitters were among the losers. Earnings reports were a key driver for many of these stocks.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 1:13 pm

SHIP

Seanergy Maritime Hldgs (NASDAQ:SHIP) reported Q1 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.24) by 91.67%. Quarterly sales were $18.00 million, beating the estimate of $16.82 million by 7.02%.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:11 pm

GCO

Genesco shares are trading lower after the company reported Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 1:10 pm

APPS

Digital Turbine reported mixed Q4 financial results and issued Q1 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 1:08 pm

DLTR

Dollar Tree Inc (NASDAQ:DLTR) reported Q1 FY23 sales growth of 6% YoY to $7.32 billion, beating consensus estimates. However, adjusted EPS of $1.47 missed the consensus of $1.52, and the company lowered its FY23 EPS outlook. DLTR shares are trading lower by 12.45% in premarket.

Portfolio Pulse from Shivani Kumaresan

May 25, 2023 | 1:05 pm

GLD

UUP

The US job market remains strong as unemployment claims fall short of expectations, while Q1 GDP and core PCE are revised higher. Initial jobless claims were at 229,000, below the expected 245,000. The nation's GDP growth for Q1 2023 has been revised up from 1.1% to 1.3%. The US dollar index strengthened, and S&P 500 futures are up 0.2%.

Portfolio Pulse from Piero Cingari

May 25, 2023 | 1:03 pm