Streetbeat News

Earnings

MU

Micron Technology (NASDAQ:MU) is set to release its latest quarterly earnings report on June 28, 2023. Analysts estimate an earnings per share (EPS) of $-1.57. The company's past performance and stock price changes have been mixed, with shares currently trading at $65.45 and up 14.78% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 2:00 pm

CCL

CUK

Carnival shares are trading higher after falling on Monday due to Q2 earnings results.

Portfolio Pulse from Bill Haddad

June 27, 2023 | 1:55 pm

BDTX

Black Diamond Therapeutics announced positive initial clinical data from the Phase 1 study of BDTX-1535 for non-small cell lung cancer (NSCLC) and glioblastoma multiforme (GBM). The drug showed clinical proof of activity in NSCLC patients and was well-tolerated. Expansion cohorts are expected to commence in H2 2023. BDTX shares are up 84.20% at $3.39.

Portfolio Pulse from Vandana Singh

June 27, 2023 | 1:52 pm

BIDU

F

GD

HOOD

META

SPCE

WBA

Baidu claims its Ernie Bot outperforms OpenAI's ChatGPT; Meta's WhatsApp Business app reaches 200 million users; Walgreens reports disappointing Q3 earnings. Ford plans layoffs in its engineering sections in the US and Canada. Robinhood cuts 7% of its full-time staff due to reduced customer engagement. General Dynamics and American Rheinmetall compete for a $45B US Army vehicle contract. Virgin Galactic announces the date for its first commercial spaceflight.

Portfolio Pulse from Vandana Singh

June 27, 2023 | 1:27 pm

DAL

Delta Air Lines raised its Q2 and 2023 guidance during its Investor Day presentation, leading to an increase in its share price.

Portfolio Pulse from Bill Haddad

June 27, 2023 | 1:15 pm

DAL

Delta Air Lines (DAL) revised its FY23 outlook and reiterated its FY24 targets during its Investor Day 2023 presentation. The company expects revenue growth of 17%-20% for FY23 and an EPS of $6. For FY24, Delta anticipates an EPS above $7 and an operating margin of 13%-15%.

Portfolio Pulse from Akanksha Bakshi

June 27, 2023 | 12:55 pm

CCL

Carnival Corporation (NYSE:CCL) reported better-than-expected Q2 results with revenue of $4.91 billion and an adjusted loss of 31 cents per share. Following the announcement, analysts from Wells Fargo, Morgan Stanley, Susquehanna, and Citigroup adjusted their price targets on the stock.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 12:53 pm

GIS

General Mills (NYSE:GIS) is expected to report lower Q4 earnings of $1.06 per share, down from $1.12 per share a year ago, with revenues of $5.17 billion. The stock closed at $81.86 on Monday and added 0.2% in pre-market trading. Analysts from Deutsche Bank, Stifel, JP Morgan, and Credit Suisse have recently updated their price targets for the company.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 12:46 pm

BAC

SPY

Bank of America CEO Brian Moynihan expects a mild recession in the first part of next year, according to CNN.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 12:38 pm