Streetbeat News

Earnings

APRN

CAPR

GPCR

NKE

OPGN

VCNX

VRAR

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. Nike posted upbeat earnings for its first quarter, but sales missed expectations. Shares of Structure Therapeutics, Blue Apron Holdings, and OpGen were up, while shares of The Glimpse Group, Capricor Therapeutics, and Vaccinex were down. Oil and gold traded up.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 2:16 pm

AVTR

Avantor (AVTR) has seen a significant increase in call options for January 19 at $22.5, with 2427 contracts traded near the ask price, compared to an open interest of 766. The company is set to announce earnings on October 27 before market open. The reference price is $21.29.

Portfolio Pulse from Charles Gross

September 29, 2023 | 2:05 pm

FL

NKE

Foot Locker Inc's shares are trading higher by 4.8% due to positive first-quarter results from Nike Inc, one of its key suppliers. Nike's strong performance boosts investor confidence in Foot Locker's financial stability and the potential for continued strong sales of Nike products in its stores. Nike reported a 2% YoY increase in revenue to $12.939 billion, slightly missing the consensus estimate of $12.98 billion, but beating earnings estimates with 94 cents per share.

Portfolio Pulse from Henry Khederian

September 29, 2023 | 2:00 pm

LULU

Shares of Lululemon Athletica Inc (NASDAQ:LULU) are trading higher by 2.15% to $387.15, in sympathy with Nike Inc's strong first-quarter results. Lululemon, a direct competitor of Nike, can benefit from this trend as investors may anticipate increased demand for its products. Nike's positive news can reflect positively on Lululemon's brand perception.

Portfolio Pulse from Henry Khederian

September 29, 2023 | 2:00 pm

CCL

CUK

Carnival Corporation expects its Q4 adjusted EBITDA to be between $800M and $900M. The company also anticipates Q4 occupancy to be 101% or higher.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:23 pm

CCL

Carnival Corporation (CCL) has projected its FY23 Adjusted EBITDA to be between $4.1 billion and $4.2 billion. The company also expects its FY23 occupancy to be 100% or higher.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:21 pm

CCL

Carnival Corporation's Q3 cruise costs per available lower berth day (ALBD) have increased by 8.9%.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:19 pm

CCL

Carnival Corporation has reported a Q3 occupancy rate of 109%, indicating a strong recovery in the cruise industry.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:18 pm

CCL

CUK

Carnival Corp has announced that it has reduced its debt by nearly $4 billion from its peak in Q1 of 2023 and ended Q3 with $5.7 billion of liquidity.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:17 pm

CCL

Carnival Corporation (NYSE:CCL) reported Q3 adjusted earnings of $0.86 per share, beating the analyst consensus estimate of $0.75 by 14.67%. This is a 248.28% increase over losses of $(0.58) per share from the same period last year. The company also reported quarterly sales of $6.85 billion, beating the analyst consensus estimate of $6.69 billion by 2.39%. This is a 59.12% increase over sales of $4.30 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:16 pm