Streetbeat News

Earnings

BOWL

Bowlero (NYSE:BOWL) reported Q2 sales of $305.70 million, surpassing the analyst consensus estimate of $300.52 million by 1.72% and marking an 11.82% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:35 pm

TSN

Tyson Foods (TSN) forecasts fiscal 2024 revenue to be flat year-over-year, with adjusted operating income projected between $1.0 billion and $1.5 billion. Capital expenditures are expected to range from $1.0 billion to $1.5 billion, focusing on profit improvement, maintenance, capacity expansion, and innovation. Net interest expense is anticipated to be around $400 million, while liquidity is expected to stay above $1.0 billion.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:33 pm

SPHR

Sphere Entertainment reported a Q2 loss of $(4.91) per share with sales of $314.16M, surpassing the analyst consensus estimate of $301.83M by 4.08%.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:33 pm

TSN

Tyson Foods (NYSE:TSN) reported Q1 adjusted EPS of $0.69, surpassing the $0.41 estimate, and sales of $13.32B, exceeding the $13.27B estimate. This represents a 18.82% decrease in EPS and a 0.44% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:30 pm

APD

CAT

QQQ

SPY

U.S. stock futures dipped in Monday's premarket as Federal Reserve Chair Jerome Powell maintained a hawkish stance in a '60 Minutes' interview, emphasizing caution towards rate cuts. This stance, combined with an earnings-heavy week, has introduced caution among traders. Last week, mixed earnings reports from major companies like Alphabet, Apple, Amazon, and Meta influenced market movements, with the Dow Industrials and S&P 500 hitting fresh records. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw premarket movements. Companies like Caterpillar Inc. (CAT) and Air Products and Chemicals, Inc. (APD) showed significant premarket price changes following their earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 12:26 pm

MCD

McDonald's reported a 3.4% increase in global comparable sales for Q4, indicating a positive performance trend.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:03 pm

MCD

McDonald's reported Q4 2023 adjusted earnings per share (EPS) of $2.95, surpassing the analyst consensus estimate of $2.82 by 4.61%. However, their quarterly sales of $6.41 billion fell short of the expected $6.45 billion by 0.68%, despite being an 8.09% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:01 pm

MCD

McDonald's reported Q4 sales of $6.41 billion, missing the analyst consensus estimate of $6.45 billion by 0.68%. This represents an 8.09% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:01 pm

NVDA

Analyst ratings for NVIDIA (NASDAQ:NVDA) show a mix of bullish to bearish sentiments among 22 analysts, with a notable upward trend in the 12-month price target to $653.77, reflecting a 9.23% increase from the previous target. Recent actions by analysts include various upgrades and maintenance of ratings, with price targets adjusted accordingly. NVIDIA's financial performance is highlighted by significant revenue growth, a high net margin, and strong ROE and ROA, indicating a robust market position and financial health.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 12:00 pm

EL

Estée Lauder revises its FY24 outlook, narrowing its net sales range and lowering its adjusted EPS forecast from $2.17-$2.42 to $2.08-$2.23, below the estimated $2.33. The company expects net sales to vary between a 1% decrease to a 1% increase compared to the previous year, with reported net earnings per share projected between $2.04 and $2.20.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:59 am