Streetbeat News

Earnings

LEDS

SemiLEDs Corporation expects its Q4 revenue to be approximately $1.4 million, with a possible variation of +/- 10%.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:03 am

LEDS

SemiLEDs reported Q3 losses of $(0.15) per share, a 25% improvement from $(0.20) per share YoY. However, sales decreased by 5.89% to $1.68 million from $1.78 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:02 am

AMZN

COST

TSLA

The S&P 500 and Dow Jones recorded their biggest daily percentage declines since May, following the release of latest jobs data. Private businesses in the U.S. added 497,000 jobs in June, higher than market estimates. Costco Wholesale Corporation reported a 1.4% drop in total comparable sales for June, while its net sales rose 0.4% year-over-year. The Nasdaq 100 dipped 0.75% amid losses in shares of Tesla Inc and Amazon.com, Inc.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 10:01 am

SHEL

Shell PLC (NYSE:SHEL) has revised its Q2 2023 outlook across all its businesses. The company updated the production outlook for Integrated Gas and Upstream, and expects Trading & Optimisation results to be significantly lower Q/Q. Shell also revised sales volumes guidance for Marketing and anticipates the outlook for refinery utilization in Chemicals & Products. The company expects to release Q2 results on July 20, 2023. Last month, Shell announced a 15% increase in dividend per share and a share repurchase of at least $5 billion for H2 2023.

Portfolio Pulse from Lekha Gupta

July 07, 2023 | 9:29 am

AZZ

IPA

ImmunoPrecise Antibodies (NASDAQ:IPA) and AZZ (NYSE:AZZ) are scheduled to report their quarterly earnings on July 7, 2023. IPA is expected to report a quarterly loss of $0.13 per share on revenue of $4.31 million. AZZ is estimated to report earnings of $1.16 per share on revenue of $396.65 million.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 9:06 am

ETWO

E2open Parent Holdings, Inc. (NYSE:ETWO) is expected to report lower Q1 2024 earnings at 5 cents per share, down from 7 cents per share a year ago. The company's revenue is projected to be $160.62 million. The company's shares fell 2.6% to close at $5.35 on Thursday. Analysts from Credit Suisse and B of A Securities have recently downgraded the stock and cut the price target to $5, while Redburn Partners initiated coverage with a Buy rating.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 8:26 am

AZZ

COST

IPA

LEVI

SLP

AZZ Inc., Levi Strauss & Co., Costco Wholesale Corporation, Simulations Plus, Inc., and ImmunoPrecise Antibodies Ltd. are the stocks to watch heading into Friday. AZZ is expected to post quarterly earnings of $1.16 per share on revenue of $396.65 million. Levi Strauss reported upbeat earnings for Q2 but lowered its annual profit outlook. Costco reported a 1.4% drop in total comparable sales for June, while its net sales rose 0.4% YoY to $22.86 billion. Simulations Plus posted weaker-than-expected sales for Q3. Analysts expect ImmunoPrecise Antibodies to report a quarterly loss of 13 cents per share on revenue of $4.31 million.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 8:23 am

AZZ

IPA

LEVI

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Thursday, with the Dow Jones dropping more than 300 points. Private businesses in the U.S. added 497,000 jobs in June, higher than market estimates. Levi Strauss & Co. reported upbeat earnings for its second quarter, but lowered its annual profit outlook. Investors are awaiting earnings results from AZZ Inc. and ImmunoPrecise Antibodies Ltd.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 6:18 am

SHEL

SHEL has updated its 2Q23 outlook, now expecting Integrated Gas production of 950-990 thousand boe/d (previously 920-980), Upstream production of 1,650-1,750 thousand boe/d (previously 1,600-1,800), and Marketing Sales Volumes of 2,400-2,800 thousand b/d (previously 2,350-2,850).

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 6:18 am

BLK

JPM

SPY

WFC

The market is anticipating the impacts of a strong jobs report on inflation, with expectations of higher rates and no cuts in 2023 due to core inflation. The Federal Reserve's slow rate increases are seen as insufficient to curb high prices. The market is also bracing for potential aggressive rate hikes if employment remains high. The upcoming CPI release and the start of the earnings season could trigger market movements. JPMorgan, Wells Fargo, Blackrock, and Citibank are set to report earnings on July 14th. The SPY ETF's performance is being closely watched, with its price overdue to break beneath the 20 Day SMA.

Portfolio Pulse from Joe Benjamin

July 07, 2023 | 12:13 am