Streetbeat News

Earnings

UNF

UniFirst (NYSE:UNF) reported its Q3 earnings, missing estimated earnings by 7.26% with an EPS of $1.66 versus an estimate of $1.79. However, revenue was up $65.12 million from the same period last year. Last quarter, the company beat EPS estimates which led to a 0.29% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 12:25 pm

MU

Micron Technology, Inc. (NASDAQ:MU) is set to release its quarterly results on June 28, 2023. Ahead of this, options markets are implying a move of around +/-6% following the earnings release. There has been a spike in options trading, with Micron trading at 1.7x its average daily call volume. Traders are expecting Micron's shares to surge more than 10% by July expiration. Analysts, however, expect Micron to post a quarterly loss at $1.57 per share on revenue of $3.67 billion.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 12:24 pm

ACN

CRM

DLTR

EA

Insiders at Electronic Arts Inc. (EA), Dollar Tree, Inc. (DLTR), Accenture plc (ACN), and Salesforce, Inc. (CRM) have recently sold shares. EA is undergoing significant internal changes, Dollar Tree announced growth strategies and reaffirmed guidance, Accenture reported Q3 results and lowered FY23 revenue growth guidance, and Salesforce received an Outperform rating from Oppenheimer with a price target of $235.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 12:18 pm

UNF

UniFirst has updated its fiscal 2023 revenue forecast to between $2.22 billion and $2.23 billion, up from the previous estimate of $2.21 billion to $2.22 billion. This is primarily due to strong performance in the Specialty Garments' business. However, the company's EPS is expected to be between $5.02 and $5.37, lower than the previous estimate of $7.13.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 12:12 pm

UNF

UniFirst (NYSE:UNF) reported Q3 earnings of $1.66 per share, missing the analyst consensus estimate of $1.79 by 7.26%. This is a 6.21% decrease from the same period last year. However, the company reported quarterly sales of $576.67 million, beating the analyst consensus estimate of $564.18 million by 2.21%, a 12.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 12:07 pm

ROIV

Roivant Sciences reported better-than-expected Q4 results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

June 28, 2023 | 11:50 am

GIS

General Mills Inc (NYSE:GIS) reported Q4 FY23 sales growth of 3% YoY to $5.03 billion, missing the analyst consensus of $5.17 billion. Adjusted EPS of $1.12 topped the consensus of $1.07. The company held $585.5 million in cash and equivalents and the board increased the quarterly dividend by 9% to $0.59 per share. However, shares are trading lower by 4.02% at $77.65 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 11:43 am

AVAV

AeroVironment has issued strong financial year 2024 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:41 am

SSU

SIGNA Sports United (NYSE:SSU) reported Q2 sales of $209.28 million, a decrease of 30.61% from $301.62 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:35 am

CPKC

CPKC expects its FY23 core adjusted EPS to grow in the mid-single digits compared to its 2022 core adjusted EPS of $3.77.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:34 am