Streetbeat News

Earnings

DAL

Delta Air Lines raised its Q2 and 2023 guidance during its Investor Day presentation, leading to an increase in its share price.

Portfolio Pulse from Bill Haddad

June 27, 2023 | 1:15 pm

DAL

Delta Air Lines (DAL) revised its FY23 outlook and reiterated its FY24 targets during its Investor Day 2023 presentation. The company expects revenue growth of 17%-20% for FY23 and an EPS of $6. For FY24, Delta anticipates an EPS above $7 and an operating margin of 13%-15%.

Portfolio Pulse from Akanksha Bakshi

June 27, 2023 | 12:55 pm

CCL

Carnival Corporation (NYSE:CCL) reported better-than-expected Q2 results with revenue of $4.91 billion and an adjusted loss of 31 cents per share. Following the announcement, analysts from Wells Fargo, Morgan Stanley, Susquehanna, and Citigroup adjusted their price targets on the stock.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 12:53 pm

GIS

General Mills (NYSE:GIS) is expected to report lower Q4 earnings of $1.06 per share, down from $1.12 per share a year ago, with revenues of $5.17 billion. The stock closed at $81.86 on Monday and added 0.2% in pre-market trading. Analysts from Deutsche Bank, Stifel, JP Morgan, and Credit Suisse have recently updated their price targets for the company.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 12:46 pm

BAC

SPY

Bank of America CEO Brian Moynihan expects a mild recession in the first part of next year, according to CNN.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 12:38 pm

WBA

Walgreens CEO reported a slower profit ramp for the company's U.S. healthcare unit during a conference call.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 12:37 pm

LEA

Lear Corporation has raised its FY23 net sales guidance from $21.2B-$22.2B to $22.35B-$23.05B, surpassing the $22.63B estimate. The company also increased its free cash flow guidance from $375M-$525M to $480M-$580M.

Portfolio Pulse from Bill Haddad

June 27, 2023 | 12:35 pm

AAPL

MANU

Manchester United (NYSE:MANU) reported Q3 FY23 sales growth of 11.3% YoY to $206.53 million, beating analyst consensus of $173.69 million. The company raised its FY23 revenue and adjusted EBITDA outlook. Speculation continues about potential buyers, including Apple Inc (NASDAQ:AAPL) and Qatari businessman Sheikh Jassim bin Hamad al-Thani.

Portfolio Pulse from Shivani Kumaresan

June 27, 2023 | 12:33 pm

LEA

Lear Corporation has increased its 2023 financial outlook, signaling a positive future for the company.

Portfolio Pulse from Bill Haddad

June 27, 2023 | 12:33 pm