Streetbeat News

Earnings

WING

Wingstop Inc reported Q2 FY23 sales growth of 27.9% YoY to $107.17 million, beating the analyst consensus. System-wide sales increased 27.8% YoY, with domestic same-store sales up 16.8%. Digital sales accounted for 65.2% of total sales. The company's board approved a 15% increase in quarterly dividends to $0.22 per share. Wingstop also raised its FY23 domestic same-store sales growth outlook to 10%-12%.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 11:31 am

YOU

Clear Secure reported better-than-expected Q2 financial results and issued FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:31 am

SBUX

Starbucks' shares are trading higher after the company reported a Q3 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:30 am

ABC

AmerisourceBergen Corporation (NYSE:ABC) has raised its FY23 forecast due to higher demand for weight-loss and diabetes products, offsetting lower COVID-19 sales. Q3 FY23 adjusted EPS was $2.92, up 11.5% Y/Y, beating the consensus of $2.83. Revenue of $66.5 billion increased by 11.5% Y/Y, beating the analyst consensus of $63.37 billion. The company will change its name to Cencora Inc and begin trading under the ticker symbol 'COR' on NYSE on August 30, 2023. ABC shares are up 0.40% at $189.85.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:30 am

GNK

TBLT

UAL

WIRE

ZIM

Benzinga Insights has identified five value stocks in the industrials sector based on quantified analysis. These include Encore Wire (NASDAQ:WIRE), Genco Shipping & Trading (NYSE:GNK), ZIM Integrated Shipping (NYSE:ZIM), United Airlines Holdings (NASDAQ:UAL), and ToughBuilt Industries (NASDAQ:TBLT). Each of these companies has seen changes in their earnings per share and dividend yields in the recent quarter.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:30 am

MRNA

A whale investor has taken a bullish stance on Moderna (NASDAQ:MRNA), with 63% of investors opening trades with bullish expectations and 36% with bearish. The whale has been targeting a price range from $100.0 to $180.0 for Moderna over the last 3 months. The price of MRNA is currently down -2.32% at $111.3. RSI indicators suggest that the stock may be approaching oversold. Moderna's next earnings are expected to be released in 1 day.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:29 am

SMG

Scotts Miracle-Gro reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:29 am

HLN

Haleon PLC (NYSE:HLN) has raised its annual sales forecasts, reporting 1H FY23 sales of £5.74 billion, up 10.6% Y/Y. The company's 1H adjusted operating profit increased 8.9% to £1.27 billion. Haleon expects full-year organic revenue growth of 7%-8%, compared with an earlier forecast of the top-end of the 4%- 6% range. Despite the positive report, HLN shares are down 2.52% at $8.33.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:29 am

BEPC

CWEN

ENIC

GNE

PAM

Benzinga Insights has identified five value stocks in the utilities sector based on quantified analysis. These include Brookfield Renewable (BEPC), Clearway Energy (CWEN), Enel Chile (ENIC), Genie Energy (GNE), and Pampa Energia (PAM). The companies' recent earnings per share and dividend yields were also reported.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:29 am

AMD

AMD shares are trading lower after the company issued Q3 guidance below estimates. The overall tech sector is also down after a downgrade of the long-term credit rating of the US.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:29 am