Streetbeat News

Earnings

SCVL

Shoe Carnival (NASDAQ: SCVL) shares rose by 5.5% after the company reported strong Q1 earnings. Net sales increased by 6.8% year over year to $300.4 million, beating expectations. The company also saw improvements in gross profit margin and operating income. Shoe Carnival reiterated its FY24 adjusted EPS outlook and plans to expand its store count to over 500 by 2028.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:27 pm

AMAT

AMD

MU

NVDA

QQQ

SMCI

SPY

TSM

VRT

Nvidia reported strong Q1 earnings, surpassing consensus estimates and aligning with whisper numbers. The company announced a 10-for-1 stock split and highlighted future revenue from AI factories and sovereigns. Other AI-related stocks also saw positive movement. The Arora Report raised its long-term target for Nvidia and issued a new Buy Now rating.

Portfolio Pulse from The Arora Report

May 23, 2024 | 4:26 pm

UAA

Under Armour (NYSE:UAA) reported a revenue decline for Q4 and received a downgrade from JPMorgan. Oppenheimer's analyst Brian Nagel downgraded UAA from Outperform to Perform, citing the need for clearer signals of improving fundamentals. Management's restructuring plan aims to streamline operations, but significant new products won't hit the market until Fall/Winter 2025. Shares declined by 2.52% to $6.78.

Portfolio Pulse from Priya Nigam

May 23, 2024 | 4:25 pm

JAGX

Jaguar Health, Inc. (NASDAQ:JAGX) shares are trading lower after a 1-for-60 reverse stock split and worse-than-expected first-quarter results. The stock has dropped over 65% in the past five days and is down 85.09% year to date. The company focuses on developing plant-based, non-opioid prescription medicines for GI distress.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 4:23 pm

MNRO

Monro shares are trading lower after the company reported worse-than-expected Q4 financial results and announced that it is not providing FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:20 pm

MS

Morgan Stanley shares are trading lower after Executive Chairman James Gorman announced he would step down on Dec. 31, 2024. Despite a smooth transition to new CEO Ted Pick and strong first-quarter revenues, the stock fell 1.04% to $99.69.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:16 pm

VFC

Analysts have expressed concerns over VF Corp's (NYSE:VFC) recent fiscal fourth-quarter results, citing higher costs, softer sales, and a higher tax rate. BofA Securities, Goldman Sachs, and JPMorgan have all adjusted their price targets and ratings, reflecting a challenging outlook for the company.

Portfolio Pulse from Priya Nigam

May 23, 2024 | 4:16 pm

UVV

Universal shares are trading lower following the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:15 pm

ELF

E.l.f. Beauty, Inc. (NYSE:ELF) reported better-than-expected Q4 results, leading to positive analyst reactions. Piper Sandler, Truist Securities, and BofA Securities maintained positive ratings but adjusted price targets. Despite initial dips, ELF shares rose 20.1% to $186.93.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 4:14 pm

NVDA

ON

ON Semiconductor shares are trading lower amid volatility in chip stocks following NVIDIA's earnings.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm