Streetbeat News

Earnings

KMX

CarMax shares are trading higher after a rebound from a drop that followed its Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:25 pm

CCL

Carnival Corporation reported its Q3 financial results and issued guidance, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:16 pm

NKE

UA

UAA

Under Armour Inc's shares are trading higher by roughly 4.6% to $6.38. This increase is potentially due to Nike Inc's strong first-quarter financial results, as both companies compete in the athletic apparel and footwear market. Positive results from Nike may reflect favorably on Under Armour's brand perception and suggest robust market demand.

Portfolio Pulse from Henry Khederian

September 29, 2023 | 4:07 pm

DBI

LULU

M

NKE

PTON

Nike Inc reported Q1 revenue that missed Wall Street’s expectations for the first time in two years, while beating earnings and gross margin expectations. Nike has reestablished its wholesale partnerships with Macy’s Inc and Designer Brands Inc to clear excess inventories. Lululemon Athletica Inc has teamed up with Peloton Interactive Inc in a five-year strategic global partnership. Nike's sales rose across regions except North America. Nike maintained its full year guidance.

Portfolio Pulse from Upwallstreet

September 29, 2023 | 3:48 pm

MTN

Vail Resorts reported its Q4 financial results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:43 pm

MDT

There has been a significant option activity on Medtronic (MDT) with a sweep of 2325 calls at $79, significantly higher than the open interest of 105. The company is due to report earnings on 11/21 before the market opens.

Portfolio Pulse from Charles Gross

September 29, 2023 | 3:25 pm

TPPRF

Top Strike Resources Corp., doing business as Vencanna Ventures, reported a YoY decrease in Q1 2024 revenue and an increase in loss. The company's revenue was CA$40,815 ($30,246), compared to CA$181,139 in the same quarter of last year. The loss for the period was CA$196,085, up from CA$96,853 in the corresponding period of last year. The company plans to expand in New Jersey and has amended its agreement with Cannavative to acquire all its membership units.

Portfolio Pulse from Jelena Martinovic

September 29, 2023 | 3:16 pm

SSY

SunLink Health Systems reported its Q4 financial results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:02 pm

SSY

SunLink Health Systems (AMEX:SSY) reported Q4 losses of $(0.20) per share, a 39.39% improvement from $(0.33) per share YoY. Sales also increased by 11.19% to $10.99 million from $9.88 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:59 pm

NKE

Nike Inc (NYSE:NKE) reported upbeat first-quarter results, with analysts from Goldman Sachs, Telsey Advisory Group, Oppenheimer, Morgan Stanley, and Keybanc providing their insights. The earnings beat was driven by higher margins, with North America and total revenues in line with expectations. Despite missing revenue expectations, the profit line beat was due to a higher gross margin and lower SG&A expenses. Analysts noted positive signals of operational and financial stability at Nike, with the groundwork established to support strengthening sales and margin trends over the next several quarters.

Portfolio Pulse from Priya Nigam

September 29, 2023 | 2:44 pm