Streetbeat News

Earnings

RTO

Rentokil Initial reported lower-than-expected trading performance in North America for July and August, impacting revenue and profit margins. The company anticipates a 1% organic revenue growth in North America for H2 2024 and a reduced operating profit margin. The rest of the group is performing well, but currency headwinds are expected to affect the overall financial results.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:38 am

CNEY

FTCI

GME

PLAY

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) shares surged 12.7% in pre-market trading after reporting better-than-expected earnings for Q2. The company posted earnings of $1.12 per share, surpassing the consensus estimate of 84 cents. However, sales slightly missed expectations at $557.1 million. Other stocks like CN Energy Group, FTC Solar, and Quhuo Limited also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 9:16 am

AT&T CEO John Stankey announced at the Goldman Sachs Communacopia Conference that the company will invest $21-22 billion in 2024 for 5G and fiber expansion. Despite a work stoppage affecting fiber installations, AT&T expects no material impact on Q3 financials and remains on track to meet its financial guidance.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:25 am

Kroger Co. (NYSE:KR) is set to release its Q2 earnings on Sept. 12, with expectations of 91 cents per share in earnings and $34.09 billion in revenue. Recent analyst ratings include Telsey Advisory Group's Outperform with a $62 target, Argus Research's Buy with a $72 target, and others. Kroger recently priced $10.5 billion in senior notes.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 7:23 am

DBI

GME

MANU

OXM

PLAY

Several stocks are in focus as U.S. stock futures trade lower. Designer Brands, GameStop, Manchester United, Dave & Buster's, and Oxford Industries are highlighted due to earnings reports and market reactions.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 7:01 am

AMD

DJT

GME

JPM

TSLA

On Tuesday, U.S. major indices showed mixed results. Trump Media & Technology, GameStop, AMD, JPMorgan, and Tesla were notable stocks. Trump Media rose due to a political debate, GameStop fell after missing sales estimates, AMD rose ahead of an AI event, JPMorgan fell after management changes, and Tesla rose due to increased insurance registrations in China.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 4:45 am

CNI

CN has recovered from labor uncertainties and adjusted its 2024 guidance, now expecting low single-digit EPS growth due to labor issues and wildfires. The long-term outlook for 2024-2026 targets high single-digit EPS growth.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:03 pm

BNED

Barnes & Noble Education (NYSE:BNED) reported Q1 sales of $263.4 million, missing estimates and showing a slight decline from last year. The decrease was due to store closures, though BNC First Day programs saw a 32% revenue increase. The company plans $20 million in capital expenditures for FY 2025, focusing on store and tech improvements. Shares fell over 5% after the report.

Portfolio Pulse from Erica Kollmann

September 10, 2024 | 9:23 pm

Deep-pocketed investors are showing significant interest in GE Aero options, with a mix of bullish and bearish sentiments. The options activity suggests a focus on a price range of $160 to $185. GE Aero's stock is currently trading at $166.98, with an anticipated earnings release in 42 days.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 8:46 pm

WOOF

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) reported Q2 results with a loss of nine cents per share, missing estimates. Sales met expectations at $1.52 billion, a 1.99% increase year-over-year. Despite growth in consumables and services, supplies and companion animal business declined. Petco projects Q3 losses and revenue slightly below estimates. Shares rose 2.62% after-hours.

Portfolio Pulse from Erica Kollmann

September 10, 2024 | 8:41 pm