Streetbeat News

Earnings

ASML

GOOG

PFE

VTR

Alphabet, Ventas, ASML, and Pfizer were highlighted on CNBC's 'Final Trades.' Alphabet announced a $2 billion investment in Malaysia, Ventas reported strong Q1 results, ASML missed sales expectations, and Pfizer's stock is breaking above its 50-day moving average.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 1:28 pm

HRL

Hormel Foods Corp (NYSE:HRL) reported mixed Q2 results with a 3% YoY sales decline to $2.887 billion, missing consensus estimates. Adjusted EPS was 38 cents, beating the consensus of 36 cents. Hormel revised its adjusted EPS expectation to $1.55 – $1.65. JPMorgan upgraded Hormel from Underweight to Neutral and raised the price target to $29. Hormel offers an annual dividend yield of 3.68%, translating to a quarterly dividend of 28.25 cents per share.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 1:25 pm

CALF

HBI

Hanesbrands Inc. (NYSE:HBI) shares are trading higher after the company announced a deal to sell its Champion business to Authentic Brands Group for up to $1.5 billion. The transaction is expected to close in the second half of 2024, and HanesBrands plans to use the proceeds to accelerate debt repayment. The company will update its full-year 2024 guidance in conjunction with its second-quarter earnings results.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 1:24 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares are rising after the company released a positive Bitcoin mining update for May, showing strong production and sales. Despite a Neutral rating and lowered price target from JPMorgan, the stock is benefiting from the upward momentum in Bitcoin prices.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 1:20 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are rising following strong Q1 results, with revenue and EPS beating estimates. The company also raised its guidance for Q2 and fiscal-year 2025, and announced new initiatives and recognitions.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 1:17 pm

BLK

BTCUSD

SAP

The article covers a range of topics including Bitcoin's strong performance metrics, significant inflows into Bitcoin Spot ETFs, and various movements in the crypto market. It also highlights notable premarket stock movements, a new stock exchange initiative by BlackRock and Citadel, and significant developments in the tech and EV sectors.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 1:13 pm

ONFO

Onfolio Holdings has reported results from its recent operational streamlining efforts. The company has seen improvements in efficiency and cost reductions as a result of these changes.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:11 pm

BYD

CZR

LVS

MGM

WYNN

Las Vegas tourism is booming with increased overnight stays, but the gambling sector shows mixed results. Caesars Entertainment reported losses, while MGM Resorts, Las Vegas Sands, and Wynn Resorts saw revenue growth. Boyd Gaming also faced challenges.

Portfolio Pulse from Anthony Noto

June 05, 2024 | 1:04 pm

OLLI

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) reported strong Q1 FY24 earnings, surpassing analyst expectations and raising its financial outlook. The company saw significant growth in sales, gross profit, and operating income, and increased its FY24 adjusted EPS and sales outlook. Executive changes were also announced, with Eric van der Valk promoted to President and future CEO, and Chris Zender appointed as Executive Vice President and COO.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 1:02 pm

Brown Forman Inc Class A Common Stock (NYSE:BF) reported Q4 earnings per share (EPS) of $0.56, a 30.23% increase from $0.43 YoY. However, sales decreased by 7.84% to $964 million from $1.05 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:01 pm