Streetbeat News

Earnings

ULCC

Frontier Airlines has increased its fuel cost guidance and lowered its pre-tax margin outlook, leading to a decrease in its share price.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 4:28 pm

DAL

JBLU

UAL

Airline stocks are trading lower following Spirit, Frontier, and American Airlines' lowered financial outlook due to increasing fuel costs.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 4:28 pm

AAL

American Airlines has lowered its Q3 profit outlook due to increased fuel costs, leading to a decrease in its share price.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 4:26 pm

SAVE

Spirit Airlines has lowered its Q3 revenue guidance due to increased fuel costs, causing its shares to trade lower.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 4:25 pm

LULU

NKE

Lululemon Athletica Inc (NASDAQ:LULU) reported a 30% sales increase last year, outperforming its initial projections. The company's five-year strategic plan, “Power of Three x2,” focuses on product innovation, enhancing the guest experience, and expanding the market. Lululemon is also dealing with brand recognition challenges outside the U.S., U.K., and Australia. The company is focusing on geographical expansion, with a particular emphasis on China. Lululemon and Nike Inc (NYSE:NKE) have both invested in “experiential retail,” providing consumers with more reasons to visit physical stores.

Portfolio Pulse from AJ Fabino

September 13, 2023 | 4:17 pm

BUR

CBRL

CODA

CSBR

DOL

IBEX

IREN

MIND

OPTT

REVG

RLGT

RSSS

SLQT

SMTC

STRM

Several companies are scheduled to report their quarterly earnings on September 13, 2023. These include Cracker Barrel Old, Coda Octopus Group, REV Group, SelectQuote, WisdomTree International LargeCap Dividend Fund, Burford Capital, Research Solutions, Champions Oncology, Iris Energy, Radiant Logistics, Semtech, Streamline Health Solns, MIND Technology, IBEX, and Ocean Power Techs.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:02 pm

NFLX

Netflix Inc's CFO has stated that the company is 'nowhere near' peak margins, indicating potential for further growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:56 pm

ORCL

Oracle Corporation (NYSE:ORCL) shares are trading higher after falling more than 13% on Tuesday due to mixed first-quarter financial results. Despite beating analyst consensus estimates, investors were expecting stronger results. JP Morgan and Citigroup analysts downgraded Oracle and lowered their price targets. However, Oracle shares are moving higher on heavy trading volume.

Portfolio Pulse from Erica Kollmann

September 13, 2023 | 3:48 pm

NOC

Northrop Grumman's CEO has stated that the company is prepared for a potential short government shutdown. He also expects margin expansion to continue in the second half of the year and into the next, with more pronounced growth in the later parts of the decade.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:39 pm

NFLX

Netflix's CFO announced at the Bank of America conference that 90% of the company's growth is coming from outside the U.S., which is impacting the average revenue per user.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:39 pm