Streetbeat News

Earnings

QDEL

QuidelOrtho has reported preliminary Q3 revenues of $738M-$744M, surpassing the consensus of $655.33M. The non-respiratory product revenue is expected to be $557M-$560M, while the respiratory product revenue is projected to be $181M-$184M.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:34 am

HRL

Hormel Foods plans to accelerate investment, transformation, and modernization initiatives over the next three years. The company aims for meaningful earnings growth and a return to its historical earnings trajectory.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:33 am

INFY

Infosys Limited has reduced its FY24 revenue growth guidance after reporting mixed Q2 results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:25 am

DAL

F

QQQ

SPY

US stock futures indicate a higher open on Thursday, following four consecutive sessions of gains. Delta Air Lines reported strong quarterly results, boosting expectations of healthy corporate profits this earnings season. The upcoming release of the consumer price inflation report for September is likely to influence market direction. Traders are factoring in a Fed pause and likely rate cuts next year, according to Morgan Stanley’s Lisa Shalett. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.44% and the Invesco QQQ ETF gained 0.40%. Ford Motor Co. fell over 2% in premarket trading after the United Auto Workers union extended the strike to the company’s Kentucky plant.

Portfolio Pulse from Shanthi Rexaline

October 12, 2023 | 11:23 am

EVLV

Evolv Technology has announced preliminary Q3 revenues of $19.3M-$19.8M, surpassing the consensus of $16.86M. The company also raised its FY23 outlook to $75M-$77M, higher than the $73.74M consensus.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:10 am

WBA

Walgreens Boots Alliance has projected its FY24 adjusted EPS to be between $3.20 and $3.50, which is lower than the consensus estimate of $3.73. The company also forecasts its sales to be between $141B and $145B, slightly below the consensus estimate of $144.36B.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:05 am

WBA

Walgreens Boots Alliance (NASDAQ:WBA) reported Q4 earnings of $0.67 per share, missing the analyst consensus estimate of $0.69 by 2.9%. This is a 16.25% decrease from the same period last year. However, the company reported quarterly sales of $35.42 billion, beating the analyst consensus estimate of $34.82 billion by 1.73%. This is a 9.16% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:01 am

FAST

Fastenal has reiterated its expectation for FY23 weighted FASTBin and FASTVend device signings of 23,000-25,000 MEUs.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:55 am

FAST

Fastenal's Q3 weighted FASTBin/FASTVend signings (MEUs) increased by 15.1% year-over-year to 5,969.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:54 am

FAST

Fastenal (NASDAQ:FAST) reported Q3 earnings of $0.52 per share, beating the analyst consensus estimate of $0.50 by 4%. However, the company's quarterly sales of $1.85 billion missed the analyst consensus estimate of $1.85 billion by 0.22%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:51 am