Streetbeat News

Earnings

ACN

COST

JBL

SFIX

The Dow Jones fell nearly 300 points as investor sentiment showed slight improvement but remained in the 'Greed' zone. Stitch Fix shares plummeted over 39% due to poor earnings. Investors await earnings from Accenture, Jabil, and Costco.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 6:52 am

ACN

COST

FUL

JBL

MU

Micron Technology reported strong Q4 results, boosting its stock by 14.8%. Accenture and Jabil are expected to report earnings, with Accenture shares already up 1.5%. H.B. Fuller reported weak results, causing a 9% drop in its stock. Costco is set to release earnings, with a slight pre-earnings stock increase.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 5:59 am

SFIX

Stitch Fix reported a Q4 2024 GAAP EPS of $(0.29), missing the $(0.19) estimate, while sales of $319.6M slightly beat the $318.5M estimate. Sales decreased by 12.38% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:15 am

COST

DKNG

META

MU

TSLA

Meta Platforms, DraftKings, Costco, Micron Technology, and Tesla are gaining attention from investors due to recent developments. Meta announced new products, DraftKings benefited from positive sector guidance, Costco is expected to discuss its membership fee increase, Micron beat revenue estimates, and Tesla is returning to the Paris Motor Show.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 2:04 am

ICMB

Investcorp Credit (NASDAQ:ICMB) reported Q4 2024 earnings of $0.09 per share, missing the analyst consensus estimate of $0.13 by 30.77%.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:01 pm

AMD

ARM

LRCX

MRVL

MU

NVDA

TSM

WDC

Chip stocks, including Micron, Western Digital, and Nvidia, are rising after Micron's strong quarterly results, driven by AI demand. Micron's revenue and earnings beat estimates, and the company forecasts improved profitability, boosting investor confidence.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 9:20 pm

NRG

NRG Energy has raised its FY24 adjusted EBITDA guidance to $3.525B - $3.675B and increased its Free Cash Flow before Growth (FCFbG) guidance to $1,975M - $2,125M, indicating a positive financial outlook.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:07 pm

CNXC

Concentrix Corp (NASDAQ:CNXC) reported mixed Q3 results with earnings slightly below expectations but revenue exceeding estimates. The company launched iX Hello, a generative AI solution, and provided a positive outlook for Q4 and fiscal year 2024. Despite this, CNXC shares fell 14.02% after-hours.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 9:01 pm

JEF

Jefferies Financial Group reported its Q3 2024 adjusted earnings per share (EPS) at $0.78, which is in line with expectations.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:55 pm

MU

Semiconductor and chip stocks are experiencing a rise in share prices following strong earnings reported by Micron.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:50 pm