Streetbeat News

Earnings

GIS

General Mills (GIS) is set to release its Q2 earnings for the quarter ended November 2024. Analysts are looking beyond traditional top-and-bottom-line estimates to evaluate key metrics for a comprehensive performance insight.

Portfolio Pulse from

December 13, 2024 | 3:30 pm

AVGO

Broadcom's (AVGO) earnings have positively impacted the market, boosting its stock and other AI-related companies, contributing to the SPX uptrend.

Portfolio Pulse from

December 13, 2024 | 3:30 pm

M

Macy's plans to close 65 underperforming stores by January 2025, increasing the number of closures by 15 from previous plans. This decision was announced during the Q3 earnings call by CEO Tony Spring and CFO Adrian Mitchell.

Portfolio Pulse from

December 13, 2024 | 3:30 pm

CIEN

Ciena Corporation (CIEN) reported mixed fiscal Q4 results with earnings lagging but sales beating expectations. Despite international market softness, the stock rallied 15% due to a solid long-term growth outlook driven by increased demand in cloud and AI sectors.

Portfolio Pulse from

December 13, 2024 | 3:30 pm

ABM

The article discusses the Q4 outlook for ABM Industries, focusing on Wall Street's estimates for key metrics to assess the company's potential performance for the quarter ending October 2024.

Portfolio Pulse from

December 13, 2024 | 3:30 pm

RH

RH, formerly Restoration Hardware, raised its full-year sales guidance due to improved demand, leading to a nearly 16% surge in its stock price. The company now anticipates revenue growth between 6.8% and 7.2% for 2024, up from the previous 5% to 7% forecast.

Portfolio Pulse from

December 13, 2024 | 3:30 pm

GSM

Ferroglobe is facing soft demand, likely leading to decreased earnings in Q4. However, the Department of Commerce's duties on ferrosilicon imports could benefit GSM, potentially improving results by 2025. Current valuations are low due to poor quarterly results.

Portfolio Pulse from

December 13, 2024 | 3:15 pm

RICK

RCI Hospitality Holdings is set to report its Q4 fiscal 2024 earnings, with expectations that the top line may be negatively impacted by the poor performance of its Bombshells restaurants.

Portfolio Pulse from

December 13, 2024 | 3:00 pm

AVGO

The Nasdaq Composite surged following Broadcom's (AVGO) earnings report. The market is focusing on 'breadth' as the S&P 500 recently experienced 8 consecutive days with most stocks declining.

Portfolio Pulse from

December 13, 2024 | 2:45 pm

COST

Costco's Q1 earnings exceeded expectations with a 7.5% increase in sales and a 5.2% rise in comparable sales year-over-year. Memberships grew to 77.4 million with a high renewal rate of 90.4%, indicating strong customer loyalty.

Portfolio Pulse from

December 13, 2024 | 2:45 pm