Streetbeat News

Earnings

PINS

Pinterest Inc has announced its financial expectations for Q3 2023, stating that it anticipates being at the high end of the high single-digit range for year-over-year revenue growth. Additionally, the company expects to deliver roughly 400 basis points of adjusted EBITDA margin expansion year over year for the full year 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:21 pm

FDX

FedEx Corporation (NYSE:FDX) is set to release its quarterly results on Sept. 20. The options market is implying a move of +/-5.1% by the end of the week following the earnings release. Analysts are expecting FedEx to have earned $3.74 per share on revenue of $21.81 billion for the latest quarter. FedEx shares rose 0.3% to close at $249.99 on Tuesday, and added another 0.2% in today's pre-market trading session.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 1:05 pm

CCLD

CareCloud, Inc. (NASDAQ:CCLD) has reaffirmed its FY23 revenue guidance of $120M-$122M, in line with estimates. The company highlighted its stable core business, significant contract wins, and advancements in AI technology as the foundation for future growth. CareCloud also emphasized its stable financial position, with a $25 million line of credit and compliance with its covenants. The company has a track record of consistent dividend payments and has several alternatives for raising additional capital if needed.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:02 pm

SCS

Steelcase Inc. (NYSE:SCS) reported better-than-expected Q2 results with earnings of 31 cents per share, beating market estimates of 20 cents per share. The company's sales were $854.60 million, surpassing expectations of $828.82 million. Steelcase also projected FY24 earnings of 80 to 90 cents per share, higher than market estimates of 67 cents per share. The company offers an annual dividend yield of 4.58%, which is a quarterly dividend amount of $0.10 a share ($0.40 a year).

Portfolio Pulse from Lisa Levin

September 20, 2023 | 12:54 pm

COTY

Coty Inc. (NYSE:COTY) has increased its FY24 forecasts following the successful debut of its Burberry Goddess scent and other releases. The company now expects core LFL sales growth in the first half of FY24 of +10-12%, up from the previous +8-10%. Coty continues to target modest gross margin expansion in FY24 and adjusted EBITDA of approximately $1.075 billion-$1.085 billion. The company's shares are trading higher by 5.48% premarket at $12.10.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2023 | 12:47 pm

COTY

Coty Inc. has raised its FY24 outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:42 pm

KAVL

Kaival Brands Innovations (NASDAQ:KAVL) reported Q3 losses of $(0.03) per share, a 66.67% improvement from $(0.09) per share YoY. However, the company's quarterly sales of $3.58M missed the analyst consensus estimate of $15.10M by 76.27%, marking a 6.85% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:17 pm

GIS

General Mills Inc reported Q1 FY24 sales growth of 4% YoY to $4.90 billion, beating the analyst consensus of $4.88 billion. Organic net sales increased 4%, driven by positive organic net price realization and mix. Adjusted EPS of $1.09 topped the consensus of $1.08. The company reaffirmed FY24 organic sales growth outlook of 3% - 4% and expects adjusted EPS to grow 4% - 6% in constant currency.

Portfolio Pulse from Shivani Kumaresan

September 20, 2023 | 12:05 pm

GIS

General Mills has reaffirmed its sales growth forecast of 3% - 4% and adjusted EPS growth of 4% - 6% for FY24.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:03 am

GIS

General Mills (NYSE:GIS) reported Q1 adjusted earnings of $1.09 per share, beating the analyst consensus estimate of $1.08 by 0.93 percent. This is a 1.8 percent decrease from the same period last year. The company also reported quarterly sales of $4.90 billion, beating the analyst consensus estimate of $4.88 billion by 0.41 percent, a 3.87 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:01 am