Streetbeat News

Earnings

CPB

Campbell Soup Company (CPB) has projected its net sales for FY24 to be down 0.5% to up 1.5%. The company also estimates its adjusted EPS to be between $3.09 and $3.15, compared to the estimated $3.09.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:19 am

CRM

OKTA

PLTR

QQQ

SPY

Wall Street stocks are expected to open mixed after four consecutive sessions of gains. Traders are eyeing key economic data, including the personal income and spending report for July. Morgan Stanley's Lisa Shalett highlighted three risks that necessitate caution among investors: surging real Treasury rates, deteriorating Chinese economic growth, and mixed U.S. economic data. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.13% and the Invesco QQQ ETF edged down 0.03%. Salesforce, Okta, Chewy, Victoria’s Secret, and Five Below reacted to earnings, while Palantir fell following a bearish recommendation from Morgan Stanley.

Portfolio Pulse from Shanthi Rexaline

August 31, 2023 | 11:17 am

CPB

Campbell Soup (NYSE:CPB) reported Q4 adjusted earnings of $0.50 per share, meeting analyst consensus. This is a 10.71% decrease from the same period last year. The company's quarterly sales of $2.07 billion beat the analyst consensus estimate of $2.06 billion by 0.49%, marking a 4.18% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:16 am

MOMO

Hello Group Inc (NASDAQ:MOMO) reported a Q2 FY23 net revenue growth of 0.9% YoY to $432.7 million, surpassing the consensus of $416.8 million. However, the company saw a decline in Monthly Active Users (MAU) on the Tantan application and total paying users of its Momo app. The company's Q3 revenue outlook is lower than the consensus estimate.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 11:16 am

ADAG

Adagene (NASDAQ:ADAG) reported a 90.8% YoY increase in its quarterly losses, with EPS at $(0.08) compared to $(0.87) last year. The company's sales also increased by 340.88% YoY, reaching $17.30 million from $3.92 million.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:12 am

TIO

Tingo Group (NASDAQ:TIO) reported Q2 earnings of $0.18 per share, missing the analyst consensus estimate of $0.31 by 41.94%. However, the company reported quarterly sales of $977.17 million, beating the analyst consensus estimate of $915.00 million by 6.79%. This represents a significant increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:11 am

CANF

Can Fite BioPharma reported H1 EPS of $(0.00), unchanged YoY, and sales of $392.00K, down 4.16% from $409.00K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:09 am

DG

Dollar General reported worse-than-expected Q2 earnings and lowered its FY23 outlook, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:05 am

PSNY

Polestar, a Swedish electric vehicle manufacturer, reported Q2 deliveries of 15,765 vehicles, marking a 36% increase year-over-year. The company's global deliveries for the first half of the year totaled 27,841.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:04 am

CDRO

Codere Online Luxembourg (NASDAQ:CDRO) reported Q2 sales of $40.27 million, beating the analyst consensus estimate of $35.76 million by 12.61 percent. This represents a 37.90 percent increase over sales of $29.20 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:04 am