Streetbeat News

Earnings

HEI

Heico shares are trading higher following a Q2 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:30 pm

BMO

BMO shares are trading lower following worse-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:22 pm

BMO

Bank of Montreal shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:21 pm

DBCCF

Decibel Cannabis Company Inc. (OTCQB:DBCCF) reported a 16% year-over-year drop in Q1 2024 revenue to CA$21 million. Despite the decline, the company maintains a strong market share in Canada and expects improved performance in Q2. Financial highlights include a gross margin of 48%, adjusted EBITDA of CA$3.6 million, and positive free cash flow of CA$375 thousand. Shares traded 0.47% lower at $0.0639.

Portfolio Pulse from Jelena Martinovic

May 29, 2024 | 2:18 pm

CAVA

Cava Group Inc (NYSE:CAVA) shares are trading lower despite reporting strong Q1 financial results, with revenue and EPS beating estimates. The company saw a 30.3% year-over-year revenue increase and opened 14 new restaurants. Analysts have raised their price targets, but the stock is down 7.56%.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 2:14 pm

CHWY

Chewy Inc (NYSE:CHWY) shares surged after the company reported better-than-expected Q1 2024 earnings and announced a $500 million share buyback plan. The company posted an adjusted EPS of $0.31, significantly above the consensus of $0.07, and sales of $2.88 billion, slightly above the consensus of $2.85 billion. Chewy also provided positive guidance for Q2 and FY 2024.

Portfolio Pulse from Vandana Singh

May 29, 2024 | 2:11 pm

GIS

General Mills executive indicates that consumers are facing challenges but expects steady improvement in volumes over the next financial year, as stated at the Bernstein Conference.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:10 pm

KBE

KRE

XLF

The FDIC's Quarterly Banking Profile for Q1 2024 reports a significant rebound in the banking industry's net income to $64.2 billion, a 79.5% increase from the prior quarter. This was driven by lower FDIC special assessment expenses and goodwill writedowns. However, the net interest margin declined due to increased competition for deposits and lower asset yields. Unrealized losses on securities increased, and total loans declined by $35 billion. Community banks showed better performance in loan growth and net income. The number of problem banks increased, and the Deposit Insurance Fund balance rose to $125.3 billion.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:07 pm

SRE

Analysts have provided mixed ratings for Sempra (NYSE:SRE) over the past quarter, with a recent average 12-month price target of $80.83. The ratings include a mix of 'Buy', 'Overweight', and 'Equal-Weight' recommendations, with price targets ranging from $75.00 to $86.00. Sempra's financial performance shows a significant revenue decline but strong net margins.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 2:01 pm

AWIN

BNAI

DKS

FFIE

HLTH

LUCY

RSLS

U.S. stocks traded lower with the Dow Jones falling over 300 points. Dick's Sporting Goods reported better-than-expected earnings and raised its outlook. ReShape Lifesciences, Brand Engagement Network, and Innovative Eyewear saw significant stock price increases, while Cue Health, AERWINS Technologies, and Faraday Future experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 1:45 pm