Streetbeat News

Earnings

INTU

Intuit shares are trading lower following mixed guidance.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:03 pm

ROST

Ross Stores (NASDAQ:ROST) reported strong Q1 2024 earnings, with GAAP EPS of $1.46 beating the estimate of $1.34 and sales of $4.858 billion surpassing the $4.833 billion estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:03 pm

INTU

Intuit has provided its financial outlook for FY24, projecting adjusted EPS of $16.79-$16.84, surpassing the estimated $16.41. Revenue is expected to be between $16.164B and $16.200B, also exceeding the estimated $16.05B. However, for Q4, the company anticipates adjusted EPS of $1.80-$1.85, which is below the estimated $1.93, while revenue is expected to be $3.063B-$3.099B, slightly above the estimated $3.04B.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:03 pm

PATH

The options market for UiPath (NYSE:PATH) shows a bullish stance from significant investors, with 61% of trades being bullish. The trading activity suggests a price range of $15.0 to $28.0 for UiPath over the next three months. Currently, UiPath's stock is trading at $19.04, down by 2.83%, with an anticipated earnings release in 6 days.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 8:01 pm

RAMP

Analysts' ratings for LiveRamp Holdings (NYSE:RAMP) vary from bullish to bearish, with recent evaluations showing a slight increase in the average 12-month price target. The company's financial performance includes a positive revenue trend, strong net margin, and efficient debt management.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 8:00 pm

INTU

Intuit (NASDAQ:INTU) reported Q3 2024 adjusted EPS of $9.88, beating the $9.37 estimate. Sales were $6.737 billion, surpassing the $6.647 billion estimate and marking an 11.95% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:00 pm

AAPL

AVGO

NFLX

PANW

WBD

The latest report on the highest-paid CEOs of S&P 500 companies in 2023 reveals significant pay increases for several top executives, particularly in the technology sector. Notable mentions include Hock Tan of Broadcom, Nikesh Arora of Palo Alto Networks, and Tim Cook of Apple. The report also highlights the disparity between CEO pay and median worker pay, a topic of legislative interest.

Portfolio Pulse from Chris Katje

May 23, 2024 | 7:56 pm

DIA

IWM

NVDA

QQQ

SPY

NVIDIA continues to see gains, while major indexes pull back. Upbeat economic data may influence the outlook on potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:54 pm

CRM

FDTX

FEPI

Salesforce (NYSE: CRM) is expected to continue its growth despite forex headwinds and delays in AI development. Analysts have mixed ratings and price targets, with Wells Fargo lowering its target to $300 and Oppenheimer maintaining a $325 target. Stifel remains optimistic with a $350 target. Salesforce's stock has gained over 34% in the last 12 months, and investors can gain exposure through ETFs like REX FANG & Innovation Equity Premium Income ETF (NASDAQ: FEPI) and Fidelity Disruptive Technology ETF (NASDAQ: FDTX).

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 7:17 pm

NVDA

NVIDIA Corporation (NASDAQ: NVDA) reported strong Q1 financial results, leading to multiple analysts raising their price targets and maintaining positive ratings. Analysts highlighted NVIDIA's leadership in AI and accelerated computing, with expectations of continued growth and strong demand for its products.

Portfolio Pulse from Chris Katje

May 23, 2024 | 7:12 pm