Streetbeat News

Earnings

CNK

Cinemark Holdings Inc (NYSE:CNK) reported Q2 FY23 sales growth of 26.6% YoY to $942.30 million, beating the analyst consensus of $880.32 million. Admissions revenues rose 25.3% to $478.4 million, and concession revenues gained 30.6% to $373.4 million. The company recorded an attendance of 64.4 million patrons in the quarter. The EPS of $0.80 beat the analyst consensus of $0.54. CNK shares are trading higher by 3.81% at $17.98.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 3:38 pm

BNED

Barnes & Noble Education, Inc (BNED) reported Q4 FY23 revenues of $241.85 million, missing the consensus of $251.44 million, a 3.7% Y/Y decrease. The company's adjusted EPS loss of ($0.69) beat the consensus of ($0.80) loss. BNED plans to implement cost reduction initiatives to boost margins and expects profitable growth in fiscal 2024 and beyond. BNED shares are trading lower by 3.66% to $1.58 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 3:37 pm

AAOI

Applied Optoelectronics' shares are trading higher following the company's Q2 earnings report, which exceeded expectations. The company also provided Q3 EPS and revenue guidance above consensus estimates.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:37 pm

DDOG

FSLY

The article discusses the Earnings Gapper Trading Strategy, which capitalizes on the momentum of stocks after a strong earnings report. The author uses Fastly Inc. (FSLY) and Datadog Inc. (DDOG) as examples of successful trades using this strategy. Both companies had significant earnings beats in Q1 2020, which led to substantial stock price increases in the following months.

Portfolio Pulse from David Marlin

August 04, 2023 | 3:36 pm

XPO

XPO Inc reported a Q2 FY23 revenue decline of 6.4% YoY to $1.92 billion, missing the consensus of $1.93 billion. Adjusted EPS was $0.71, down from $1.14 in 2Q22, but beating the consensus of $0.61. Operating income was $107 million, compared with $171 million in 2Q22. The company's shares are trading higher by 6.75% at $72.94.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 3:36 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has increased its share of the global smartphone industry's profits to 85% in the June 2023 quarter, up from 81% in the same period last year, despite an overall decline in the industry. The company's average selling price (ASP) increased due to a richer product mix. Apple is expected to increase the iPhone 15 Pro and iPhone 15 Pro Max prices by $100 each, marking the company's first price hike since the launch of the 'Pro' branded iPhones.

Portfolio Pulse from Rounak Jain

August 04, 2023 | 3:36 pm

LSXMA

Liberty Sirius XM Group reported lower than expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:35 pm

WHD

Cactus (NYSE:WHD) is set to release its latest quarterly earnings report on August 7, 2023. Analysts estimate an earnings per share (EPS) of $0.69. The company's previous quarter saw an EPS beat by $0.08, followed by a 2.94% drop in share price. Cactus shares were trading at $51.73 as of August 3, with a 31.2% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:35 pm

AMGN

Amgen has reported strong Q2 earnings and raised its FY23 outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:34 pm

GILD

Gilead Sciences, Inc. (GILD) shares are trading higher after the company reported mixed Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:34 pm