Streetbeat News

Earnings

CCL

Carnival Corporation (NYSE:CCL) is expected to report a Q3 profit with earnings of 75 cents per share, compared to a loss of 58 cents per share in the previous year. The company's revenue is projected to be $6.69 billion, up from $4.9 billion in the year-ago period. Several analysts have recently adjusted their price targets for the company, with changes ranging from a decrease to $21 to an increase to $23.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 6:24 am

ATVI

CCL

MDGL

NKE

TSLA

U.S. stocks traded higher with the Dow Jones gaining over 110 points on Thursday. Among the top stocks that gained the attention of retail traders and investors were Nike, Carnival Corporation, Activision Blizzard, Madrigal Pharmaceuticals, and Tesla. Nike reported a 2% increase in fiscal first-quarter revenue, missing estimates, but EPS beat expectations. Carnival is set to report third-quarter earnings, with expectations of 75 cents per share and revenue of $6.69 billion. Activision faced regulatory hurdles in the U.K. Madrigal announced a $500 million public offering of its common stock. Tesla's shares traded higher, bolstered by Morgan Stanley maintaining an Overweight rating and a $400 target on the stock.

Portfolio Pulse from Benzinga Neuro

September 29, 2023 | 1:47 am

NKE

During a conference call, a Nike executive stated that they continue to expect reported revenue to grow in the mid-single digits for the full year. They are also cautiously planning for modest markdown improvements for the rest of the year, given the promotional environment.

Portfolio Pulse from Charles Gross

September 28, 2023 | 9:37 pm

ASTL

Algoma Steel has announced that its operations have run in line with expectations in Q2. The company is closely monitoring the evolving UAW Union's work stoppages and their impact on steel markets. It expects total steel shipments for the fiscal 2024 second quarter to be in the range of 540,000 to 550,000 tons.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:36 pm

NKE

Nike's Direct-to-Consumer (DTC) business has seen a double-digit increase in member engagement compared to last year, along with rising average order values. The company also reported high single-digit to low double-digit retail sales growth and strong inventory management with many key wholesale partners.

Portfolio Pulse from Charles Gross

September 28, 2023 | 9:36 pm

BB

BlackBerry Ltd (NYSE:BB) reported Q2 financial results with revenue of $132 million and EPS loss of 4 cents, both in line with estimates. The company's IoT revenue was $49 million, cybersecurity revenue was $79 million, and licensing and other revenue was $4 million. BlackBerry expects strong revenue for its cybersecurity business in the second half of the year.

Portfolio Pulse from Adam Eckert

September 28, 2023 | 9:22 pm

BB

BlackBerry (NYSE:BB) reported Q2 adjusted losses of $(0.04) per share, beating the analyst consensus estimate of $(0.06) by 33.33%. However, the company's quarterly sales of $132.00 million missed the analyst consensus estimate of $132.03 million by 0.02%. This represents a 21.43% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:12 pm

BB

BlackBerry reported Q2 losses of $(0.04) per share, beating the analyst consensus estimate of $(0.06) by 33.33%. However, the company's quarterly sales of $132.00 million missed the analyst consensus estimate of $132.03 million by 0.02%. This represents a 21.43% decrease over sales of $168.00 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:08 pm

MTN

Vail Resorts, Inc. (NYSE:MTN) reported Q4 losses of $3.35 per share, a 24.07% decrease from the same period last year. The company also missed the analyst consensus estimate for quarterly sales, reporting $269.77 million against the expected $283.20 million. Despite these results, the company expects a net income attributable between $316 million and $394 million for the full year 2024. Shares of MTN were down 0.52% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

September 28, 2023 | 8:54 pm

NKE

Nike Inc reported Q1 revenue of $12.939 billion, missing the consensus estimate of $12.98 billion. However, the company's earnings per share of 94 cents beat analyst estimates of 74 cents. North America sales were down 2% YoY, while sales in Greater China, Europe, Asia Pacific, and Latin America were up. Gross margin decreased to 44.2% and inventories were down 10% YoY. The company ended the quarter with $8.8 billion in cash, equivalents, and short-term investments.

Portfolio Pulse from Adam Eckert

September 28, 2023 | 8:36 pm