Streetbeat News

Earnings

AYI

Acuity Brands (NYSE:AYI) reported Q3 earnings of $3.75 per share, beating the analyst consensus estimate of $3.71 by 1.08 percent. This is a 6.53 percent increase from the same period last year. However, the company's quarterly sales of $1.00 billion missed the analyst consensus estimate of $1.05 billion by 4.76 percent, marking a 5.75 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:02 am

GBX

Greenbrier Companies (NYSE:GBX) reported Q3 adjusted earnings of $1.02 per share, beating the analyst consensus estimate of $0.58 by 75.86%. This is a 1033.33% increase from the same period last year. The company also reported quarterly sales of $1.04 billion, beating the analyst consensus estimate of $898.75 million by 15.49%, a 30.81% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:01 am

MU

Micron Technology, Inc. (NASDAQ:MU) reported better-than-expected Q3 results with revenue of $3.75 billion, beating the consensus estimate of $3.65 billion. The company also reported a smaller loss than anticipated. Micron expects Q4 revenue to be between $3.7 billion and $4.1 billion. Following the earnings announcement, Keybanc and Piper Sandler raised their price targets on Micron.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 9:59 am

AYI

BB

MKC

MU

NKE

McCormick & Company, BlackBerry Limited, Acuity Brands, Micron Technology, and NIKE are the stocks to watch heading into Thursday. McCormick is expected to report quarterly earnings of 57 cents per share and has named Brendan Foley as CEO. BlackBerry reported better-than-expected fiscal first-quarter results. Acuity Brands is expected to have earned $3.71 per share. Micron Technology reported better-than-expected third-quarter results and expects fourth-quarter revenue to be between $3.7 billion and $4.1 billion. NIKE is expected to post quarterly earnings at 67 cents per share.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 7:41 am

AYI

GIS

MKC

NKE

The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors. U.S. stocks closed mixed on Wednesday with the Nasdaq settling higher. Federal Reserve Chair Jerome Powell indicated additional interest rate hikes this year. The U.S. government is considering semiconductor export limits to China. General Mills, Inc. (NYSE:GIS) shares dropped over 5% after a fourth-quarter revenue miss. Investors are awaiting earnings results from McCormick & Company, Incorporated (NYSE:MKC), Acuity Brands, Inc. (NYSE:AYI) and NIKE, Inc. (NYSE:NKE).

Portfolio Pulse from Lisa Levin

June 29, 2023 | 6:19 am

BAC

JOBY

MU

OSTK

TSLA

U.S. stocks traded mixed with Dow Jones dropping around 70 points and NASDAQ rising 0.27%. Micron Technology's stock rose 0.42% due to better-than-expected Q3 results. Joby Aviation's stock soared 40.22% after receiving a permit for flight testing of its first production prototype. Tesla's stock rose 2.41% after Volvo joined Tesla’s charging network. Bank of America's stock fell 0.60% despite passing the 2023 stress test conducted by the Federal Reserve. Overstock.com's stock rose 6.11% for reasons yet to be identified.

Portfolio Pulse from Benzinga Newsbot

June 29, 2023 | 12:49 am

BB

BlackBerry Limited (NYSE:BB) reported better-than-expected quarterly results, with a revenue of $373 million, surpassing the consensus estimate of $160.35 million. The company also reported adjusted earnings of 6 cents per share, beating analyst estimates for a loss of 5 cents per share. The company's shares were up 7.11% after hours.

Portfolio Pulse from Adam Eckert

June 28, 2023 | 9:36 pm

BB

BlackBerry (NYSE:BB) reported its Q1 earnings results, beating estimated earnings by 220.0% with an EPS of $0.06 versus an estimate of $-0.05. Revenue was up $205.00 million from the same period last year. Last quarter, the company beat on EPS by $0.05, which was followed by a 14.0% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:25 pm

ASH

Ashland has reduced its FY23 sales guidance from $2.3B-$2.4B to a range of $2.2B due to continued customer de-stocking, significant macroeconomic uncertainty, and limited visibility into global consumer demand.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:11 pm

BB

BlackBerry's shares are trading higher following the company's Q1 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:08 pm