Streetbeat News

Earnings

CGC

SNDL

SNDL Inc's stock is trading lower by 7.3% due to worse-than-expected Q4 financial results from peer cannabis company Canopy Growth Corporation. Canopy Growth reported losses of 24 cents per share and quarterly sales of $72.61 million, missing analyst estimates.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:15 pm

CGC

TLRY

Tilray Brands Inc (TLRY) shares are trading lower by 5% to $1.53, falling in sympathy with peer cannabis stock Canopy Growth Corporation (CGC) after the company reported worse-than-expected Q4 financial results. CGC reported losses of 24 cents per share and quarterly sales of $72.61 million, both missing analyst consensus estimates.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:15 pm

ACB

Aurora Cannabis Inc (NASDAQ:ACB) shares are trading lower by 10.5% to $0.55, in sympathy with peer cannabis stock Canopy Growth Corporation after the company reported worse-than-expected Q4 financial results. Canopy Growth's losses were 24 cents per share, missing the analyst consensus estimate of a loss of 15 cents. Quarterly sales were $72.61 million, slightly below the analyst consensus estimate of $73.19 million.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:09 pm

KMX

CarMax, Inc (NYSE:KMX) reported a surprising Q1 fiscal 2024 earnings beat despite a depressed used car market. The company's earnings were $1.16 per share, beating the Street estimate of 79 cents, with revenues of $7.69 billion. However, retail used car revenues fell 14.4% YoY, and the company is bracing for a 'used-vehicle recession'.

Portfolio Pulse from AJ Fabino

June 23, 2023 | 7:03 pm

RIVN

Rivian Automotive (RIVN) sees a surge in Jul 21 $17.5 calls sweep near the ask with 1,479 contracts at $0.29, compared to 75,180 open interest. Earnings are expected on 8/10 after the market close.

Portfolio Pulse from Charles Gross

June 23, 2023 | 4:51 pm

CMG

DRI

MCD

TXRH

Darden Restaurants Inc (DRI) reported fiscal Q4 earnings that topped Wall Street estimates, but its annual profit forecast was below expectations, signaling a slowdown in fine dining. Fast food chains like McDonalds (MCD) and Chipotle (CMG) are outperforming full-service dining restaurants. Darden's rival Texas Roadhouse (TXRH) is also losing market share to fast-food chains.

Portfolio Pulse from Upwallstreet

June 23, 2023 | 4:50 pm

KMX

CarMax shares jumped 10% after reporting better-than-expected Q1 EPS and sales results. Other stocks with significant movements include Kidpik, Conformis, SCWorx, OncoSec Medical, Surgalign, Nuvve Holding, Pieris Pharmaceuticals, Smith & Wesson Brands, and Applied Digital Corporation.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 4:20 pm

APOG

Apogee Enterprises reported better-than-expected Q1 financial results and raised its FY24 EPS guidance, leading to a higher stock price.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:10 pm

CGC

Canopy Growth Corporation's shares are trading lower following the release of worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:08 pm

CFMS

MEDS

SMX

SPCE

SWBI

XAIR

US stocks traded lower with the Nasdaq Composite dropping over 100 points on Friday. The S&P Global manufacturing PMI dropped to 46.3 in June from 48.4 in May. TRxADE HEALTH, Conformis, and Smith & Wesson Brands saw their shares rise, while Beyond Air, Virgin Galactic Holdings, and SMX experienced declines.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 4:04 pm