Streetbeat News

Earnings

DAL

Susquehanna and Morgan Stanley analysts have reiterated positive ratings on Delta Air Lines, Inc. (NYSE:DAL), raising the price target to $54 and $70 respectively. The airline recently revised its FY23 outlook and reiterated its FY24 targets. Potential upside catalysts include the widespread distribution of the CV-19 vaccines, easing of travel restrictions, solid booking trends, and a decline in fuel prices. The analysts believe that if 2023 EPS comes in comfortably above the 2024 target of $7, it puts DAL firmly on the path to achieving $10 EPS.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 6:29 pm

GB

Global Blue Group Holding reported Q4 revenue of $93.2 million, a 121.4% growth year over year. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 5:16 pm

NCLH

Shares of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) are trading higher by 7.2% amid broader strength in cruise stocks. This follows Carnival Corporation's Q2 financial results and guidance, which exceeded analyst expectations. Carnival's adjusted FY23 EBITDA is projected to surpass the previously guided range, despite an estimated unfavorable impact from fuel price and currency. NCLH has a 52-week high of $21.30 and a 52-week low of $10.47.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 5:07 pm

GIS

HRL

HSY

SJM

Shares of food products companies are trading lower in sympathy with General Mills, which reported a Q4 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 4:55 pm

UNF

Unifirst Corporation reported Q3 FY23 sales growth of 12.7% YoY, beating consensus. However, its adjusted EPS of $1.66 missed the analyst consensus of $1.79. The company's operating income and net income decreased by 0.9% and 3.2% respectively. Despite the mixed results, Unifirst raised its FY23 revenue guidance. The company's shares traded lower by 5.6%.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 4:14 pm

FXI

NVDA

Nvidia has acknowledged reports of new export restrictions in China. Despite this, the company's CFO does not anticipate any significant changes to earnings as a result of these rules. China accounts for 20-25% of Nvidia's data center sales.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 4:07 pm

JD

Shares of JD.Com Inc (NASDAQ:JD) are trading lower by 3.59% due to a drop in China's industrial profit in May. China's industrial firms saw an 18.8% slump in profits in the first five months, adding to the previous contraction of 20.6% from January to April. May's data showed a 12.6% decline in industrial earnings compared to the previous year. JD.Com has a 52-week high of $68.29 and a 52-week low of $33.17.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:49 pm

PDD

PDD Holdings Inc's shares are trading lower by 2.87% due to a drop in China's industrial profit in May. The industrial firms in China have seen a continued decline in annual profits, with a 18.8% slump in the first five months. PDD has a 52-week high of $106.38 and a 52-week low of $38.80.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:48 pm

BIDU

Shares of Baidu Inc (NASDAQ:BIDU) are trading lower by 2.01% due to a drop in China's industrial profit in May. The industrial firms in China have seen a continued decline in annual profits, with a 18.8% slump in the first five months. BIDU has a 52-week high of $160.88 and a 52-week low of $73.58.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:47 pm

CCL

Carnival Corp's shares are trading higher following its recent earnings report. The company reported quarterly losses of 31 cents per share, beating the analyst consensus estimate of a loss of 34 cents. It also reported quarterly sales of $4.91 billion, exceeding the analyst consensus estimate of $4.77 billion by 2.96%. This marks a significant 104.54% increase over sales of $2.40 billion in the same period last year. The company projects its adjusted FY23 EBITDA to be between $4.10 billion and $4.25 billion.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 3:41 pm