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Earnings

ACGL

FTV

MAR

CNBC's 'Halftime Report Final Trades' featured recommendations for Marriott International, Fortive Corporation, and Arch Capital Group. Marriott is expected to benefit from a rebound in cross-border travel and its deal with Hiap Hoe Limited. Fortive reported 6.1% YoY sales growth in Q1, beating estimates. Arch Capital Group has been growing at 34% over the last four quarters and received an Overweight rating from Morgan Stanley.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 2:26 pm

APOG

Apogee Enterprises (NASDAQ:APOG) is set to release its latest quarterly earnings report on June 23, 2023. Analysts estimate an EPS of $0.90. The company's past performance shows mixed results in terms of price change after earnings announcements.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:00 pm

KMX

CarMax (NYSE:KMX) is set to release its latest quarterly earnings report on June 23, 2023. Analysts estimate an EPS of $0.79. Last quarter, the company beat EPS by $0.20, followed by a 5.03% drop in share price. Shares are currently trading at $78.3 and are down 21.39% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:00 pm

DRI

Darden Restaurants' CFO reported that overall labor inflation decreased by approximately 100 basis points from Q3 to Q4 during a conference call.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 1:56 pm

GMS

GMS Inc reported Q4 FY23 sales growth of 1.2% Y/Y to $1.304 billion, beating the consensus of $1.27 billion. Gross profit rose 2.8% Y/Y to $424.5 million, and adjusted EPS of $2.11 beat the analyst consensus of $1.89. The company expects demand for multi-family and commercial projects to persist.

Portfolio Pulse from Lekha Gupta

June 22, 2023 | 1:41 pm

ALVR

CDMO

CHD

IGMS

ROOT

SPR

STKH

TALS

US stocks traded lower following the initial jobless claims report, with the Nasdaq Composite dropping over 150 points. Consumer staples shares rose, while energy shares dipped. Root, Inc. shares shot up after a takeover bid, while AlloVir, Inc. shares dropped after pricing a share offering. Spirit AeroSystems Holdings, Inc. fell after suspending factory operations due to a worker's strike.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 1:41 pm

ACN

EADSY

INTC

NVO

RIDE

SPR

Intel plans to restructure its manufacturing business, aiming for the second-largest foundry spot with projected revenue over $20B. Airbus is working to control A220 jet costs amid pricing pressure from suppliers. The European Medicines Agency raises a thyroid cancer safety signal for Novo Nordisk drugs, including semaglutide. Spirit AeroSystems suspends work at its Kansas plant due to a workers' strike. Accenture reports underwhelming Q3 earnings, and Lordstown Motors founder relinquishes his remaining stake.

Portfolio Pulse from Vandana Singh

June 22, 2023 | 1:30 pm

CRWS

Crown Crafts reported Q4 earnings of $0.08 per share, a 66.67% decrease YoY, and sales of $21.61 million, a 15.86% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 1:19 pm

NRG

NRG Energy provided an update on its consumer services strategy, capital allocation framework, and operating efficiency initiatives. The company expects incremental free cash flow of $300 million by 2025 and cumulative capital returns of $6.9 billion to stockholders through 2027. NRG raised its share repurchase authorization to $2.7 billion and expects long-term annual dividend per share growth of 7% to 9%.

Portfolio Pulse from Lekha Gupta

June 22, 2023 | 1:17 pm

ASTL

Algoma Steel reported Q4 financial results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 1:11 pm