Streetbeat News

Earnings

FRO

Frontline Plc (FRO) reported a 128.7% YoY increase in Q1 FY23 operating revenue to $497.33 million, beating the consensus of $356.5 million. Adjusted EPS was $0.87, missing the consensus of $0.96. The company declared a dividend of $0.70 per share for Q1. FRO shares are trading lower by 6.80% premarket.

Portfolio Pulse from Akanksha Bakshi

May 31, 2023 | 1:13 pm

AAL

BP

BRTX

CRM

SOFI

American Airlines raises Q2 guidance, BioRestorative Therapies gets a license from NY Health Department, BP shares fall due to oil price drop, Salesforce to report Q1 earnings, and SoFi Technologies gains on US debt limit bill progress.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 1:02 pm

CPRI

Capri Holdings reported Q4 FY23 sales decline of 10.5% YoY to $1.33 billion, beating analyst consensus of $1.28 billion. Versace, Jimmy Choo, and Michael Kors revenues decreased. The company repurchased 8.5 million shares for $400 million. Q1 revenue and FY24 outlooks are below Street estimates.

Portfolio Pulse from Shivani Kumaresan

May 31, 2023 | 12:59 pm

GPC

Genuine Parts shares are trading lower in sympathy with Advance Auto Parts after the company reported weak Q1 results and cut guidance.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:58 pm

CNTMF

Cansortium Inc. reported Q1 2023 revenue of $22.1 million, a 12% increase compared to Q1 2022. Gross profit rose to $7.5 million, net loss decreased to $7.4 million, and adjusted EBITDA increased 56% to $9.7 million. The company had $9.5 million in cash and cash equivalents and $57.9 million of total debt.

Portfolio Pulse from Vuk Zdinjak

May 31, 2023 | 12:43 pm

HPE

Hewlett Packard Enterprise (HPE) reported better-than-expected Q2 earnings but missed sales expectations. The company's revenue was $6.97 billion, missing estimates of $7.31 billion. HPE shares dropped 8.6% in pre-market trading. Barclays and Credit Suisse cut their price targets on HPE following the earnings announcement.

Portfolio Pulse from Lisa Levin

May 31, 2023 | 12:39 pm

EVAX

Evaxion Biotech reported Q1 losses of $(0.24) per share, a 4% improvement from $(0.25) per share YoY.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 12:34 pm

CAE

CAE reported Q4 earnings of $0.26 per share, beating the analyst consensus estimate of $0.25 by 4%. Quarterly sales were $929.45 million, surpassing the estimate of $882.41 million by 5.33%. However, this is a 2.68% decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:16 pm

FRO

Frontline reported mixed Q1 financial results, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:14 pm

AMBA

Ambarella reported Q1 financial results and issued Q2 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:14 pm