Streetbeat News

Earnings

RENT

Rent the Runway (NASDAQ:RENT) reported Q1 EPS of $(0.46), beating the $(0.49) estimate, and sales of $74.20M, beating the $73.19M estimate. This represents a 31.34% increase in EPS and a 10.58% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:02 pm

ATVI

Activision Blizzard's 'Diablo 4' has become the fastest-selling game in the company's history, with 93 million hours of playtime since its early access launch on June 1. However, the game's expensive in-game shop and microtransactions have sparked controversy among fans.

Portfolio Pulse from Franca Quarneti

June 07, 2023 | 7:56 pm

GME

GameStop (GME) is set to release its Q1 financial results after the market close on Wednesday. The stock has risen about 12% since May 30 and is trading above the 200-day SMA, indicating a bullish trend. Analysts expect a loss of 12 cents per share on revenues of $1.36 billion for Q1.

Portfolio Pulse from Melanie Schaffer

June 07, 2023 | 7:13 pm

BASE

Couchbase, Inc. (NASDAQ:BASE) shares are down after the company issued Q2 guidance below estimates, despite beating Q1 expectations. Several analysts raised their price targets on the stock.

Portfolio Pulse from Ryan Gustafson

June 07, 2023 | 7:11 pm

SFIX

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Stitch Fix (NASDAQ:SFIX) with a price target of $5. The company delivered an EBITDA beat in Q3, driven by sales and operating expense leverage. However, broader macroeconomic challenges continue to pressure SFIX consumers, and visibility to subscriber growth and profitability remains challenging.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2023 | 7:02 pm

NBR

NINE

UNFI

Crude oil prices rose over 1% while United Natural Foods posted downbeat Q3 results, missing consensus estimates. Energy shares jumped by 2.7%, with Nine Energy Service and Nabors Industries up 8%. United Natural Foods lowered its FY23 profitability outlook.

Portfolio Pulse from Lisa Levin

June 07, 2023 | 6:53 pm

BASE

Couchbase shares are trading lower after the company issued Q2 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 6:40 pm

CVNA

Carvana (CVNA) sees increased activity in Aug 18 $20 calls, with 499 contracts traded at $2.45, compared to 2957 open interest. Earnings are expected on August 3 after market close.

Portfolio Pulse from Charles Gross

June 07, 2023 | 6:07 pm

GME

GameStop shares are trading higher ahead of the company's Q1 earnings report, which is scheduled for after the close.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 6:05 pm

BASE

Couchbase shares fell by around 19% after the company posted Q1 earnings and issued a weak Q2 sales forecast. Other stocks that moved in Wednesday's mid-day session include Mobiquity Technologies, Farmer Bros., Yext, Stitch Fix, and Dave & Buster's Entertainment, among others.

Portfolio Pulse from Lisa Levin

June 07, 2023 | 6:03 pm