Streetbeat News

Earnings

SNBR

Sleep Number (NASDAQ:SNBR) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.01) by 400 percent. However, the company's quarterly sales of $459.00 million missed the analyst consensus estimate of $471.39 million by 2.63 percent. This represents a 98.05 percent decrease in earnings and a 16.40 percent decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:01 pm

CPLP

Capital Product Partners (NASDAQ:CPLP) is set to release its latest quarterly earnings report on July 28, 2023. Analysts estimate an earnings per share (EPS) of $0.69. The company's past performance shows a mixed record of beating or missing EPS estimates. The stock price is currently $15.72, with a 1.07% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 8:01 pm

ULCC

Frontier Group Holdings Inc (NASDAQ:ULCC) shares are trading lower by 5.23% after Southwest Airlines reported mixed second-quarter results. Southwest's earnings per share missed the analyst consensus estimate by 0.91%, and the company reported an increase in economic fuel costs and operating expenses. Although Southwest's business revenues are recovering, they have not reached pre-pandemic levels.

Portfolio Pulse from Henry Khederian

July 27, 2023 | 7:46 pm

QCOM

Shares of Qualcomm Inc (NASDAQ:QCOM) are trading higher by 1.2% following strong Q4 financial results from Lam Research. Lam Research reported adjusted earnings of $5.98 per share, surpassing the analyst consensus estimate of $5.07 by 17.95%. However, this represents a 32.28% decrease compared to earnings of $8.83 per share from the same period last year. The company also reported quarterly sales of $3.21 billion, exceeding the analyst consensus estimate of $3.13 billion by 2.46%.

Portfolio Pulse from Henry Khederian

July 27, 2023 | 7:46 pm

JBLU

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) fell by 1.1% after Southwest Airlines reported mixed Q2 results, including an increase in economic fuel costs and operating expenses. Southwest's earnings per share were $1.09, missing the analyst consensus estimate of $1.10. However, their quarterly sales of $7.04 billion surpassed the analyst consensus estimate of $6.98 billion. JetBlue's 52-week high is $9.45 and its 52-week low is $6.18.

Portfolio Pulse from Henry Khederian

July 27, 2023 | 7:46 pm

ROKU

Roku, Inc. (NASDAQ:ROKU) shares are trading lower ahead of its Q2 earnings report. The company is expected to report a loss of $1.27 and revenue of $773.43 million. The stock experienced above-average trading volume and increased short interest. Morgan Stanley analyst Benjamin Swinburne reiterated Roku with an Underweight rating and maintained the $50 price target.

Portfolio Pulse from Ryan Gustafson

July 27, 2023 | 7:41 pm

OC

Owens Corning Inc's Q2 FY23 results beat expectations, leading RBC Capital Markets analyst Mike Dahl to upgrade the company's rating to Outperform from Sector Perform and raise the price target from $135 to $168. Despite a 1.5% YoY decrease in net sales to $2.56 billion, the figure surpassed the consensus of $2.54 billion. Adjusted EPS was $4.22, above the consensus of $3.23. Dahl sees a more resilient Owens Corning going forward, with price/cost tailwinds in Roofing/Insulation and improved volume outlooks. He also raised FY23 and FY24 sales estimates.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 7:37 pm

CCL

RCL

Carnival Corporation (CCL) shares are trading higher after Royal Caribbean (RCL) reported strong Q2 results and increased its guidance. Royal Caribbean's Q2 earnings of $1.82 per share and sales of $3.52 billion beat analyst consensus estimates. The company also raised its 2023 EPS guidance from $4.40-$4.80 to $6.00-$6.20, and expects Q3 EPS between $3.38 and $3.48.

Portfolio Pulse from Ryan Gustafson

July 27, 2023 | 7:36 pm

INTC

Intel Corporation (NASDAQ:INTC) is set to report its Q2 earnings after the market close. The company is expected to report a loss of three cents per share and revenue of $10.97 billion. Rosenblatt analyst Hans Mosesmann reiterated Intel with a Sell and maintained the $17 price target. Shares of INTC were up 0.3% at $34.37 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 27, 2023 | 7:35 pm

TREE

LendingTree reported worse-than-expected Q2 sales results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:29 pm