Streetbeat News

Earnings

JBLU

JetBlue Airways Corp (NASDAQ:JBLU) reported Q2 FY23 operating revenue growth of 6.7% YoY to $2.61 billion, in line with consensus estimates. Adjusted EPS was $0.45, above the consensus of $0.40. Operating expenses declined 7.2% YoY to $2.38 billion. The company ended the quarter with $1.8 billion in cash and equivalents. However, the company expects Q3 revenue to decline between 8.0% and 4.0% and adjusted EPS of $(0.20)-$0.00 versus $0.40 estimate. The company's shares are trading lower by 8.3% at $7.13.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 9:13 am

SYY

Sysco Corporation (SYY) has projected its adjusted earnings per share (EPS) for FY24 to be between $4.20 and $4.40, which is lower than the estimated $4.48.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:12 am

TAP

Molson Coors' shares are trading lower after the company reported mixed Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:12 am

GPN

Global Payments has reported strong Q2 earnings and raised its FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:12 am

BB

BlackBerry (BB) has seen a significant increase in the volume of its September 15 $7 call options. The volume of 6586 contracts is higher than the open interest of 6097 contracts. BlackBerry is expected to announce its earnings on September 26 after the market closes.

Portfolio Pulse from Charles Gross

August 04, 2023 | 9:12 am

NCLH

Norwegian Cruise Line's CEO has stated that the company expects full year occupancy to be approximately 200 basis points lower than 2019 levels. The CFO also noted that the reduction in cost during Q2 was primarily driven by lower food costs and crew optimization efforts.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:11 am

LDOS

Leidos Holdings reported better-than-expected Q2 results and raised its financial guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:11 am

JBLU

JetBlue Airways has reported that its New York margins are still lagging 2019 levels by high single digits. However, the company expects strong demand during peak periods as it heads into Q3.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:11 am

ROK

Rockwell Automation's shares have dropped due to disappointing Q3 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:11 am

ZI

ZoomInfo's shares are trading lower following the company's issuance of weak guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:11 am