Streetbeat News

Earnings

FL

Foot Locker (FL) sees a surge in Oct 20 $30 call options near the ask price, with 1,555 contracts traded at $1.3 versus 422 open interest. Earnings are expected on August 18 before the market opens.

Portfolio Pulse from Charles Gross

June 26, 2023 | 4:18 pm

CCL

Carnival Corporation (NYSE:CCL) shares dropped over 9% after reporting Q2 revenue of $4.91 billion, beating the consensus estimate of $4.77 billion, and an adjusted loss of 31 cents per share, beating estimates for a loss of 34 cents per share. Crude oil prices rose, and U.S. stocks traded lower with the Nasdaq dropping around 80 points.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 4:09 pm

CCL

Carnival Corp reported Q2 FY23 sales growth of 104.5% YoY to $4.91 billion, beating the analyst consensus of $4.77 billion. The company raised its FY23 adjusted EBITDA guidance and expects positive net yields for the second half of the year. However, CCL shares are trading lower by 10%.

Portfolio Pulse from Shivani Kumaresan

June 26, 2023 | 4:08 pm

CCL

RCL

Royal Caribbean Cruises (RCL) shares are trading lower on Monday after Carnival Corp. (CCL) reported Q2 earnings. Despite beating consensus estimates, Carnival stock is trading over 11% lower, affecting Royal Caribbean's stock.

Portfolio Pulse from Erica Kollmann

June 26, 2023 | 3:31 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NCLH) shares are down 4.38% to $18.55, falling in sympathy with Carnival Corporation after it reported Q2 financial results and issued guidance. Carnival's Q2 sales increased by 104.54% YoY, and adjusted FY23 EBITDA is projected to be between $4.10 billion and $4.25 billion.

Portfolio Pulse from Henry Khederian

June 26, 2023 | 3:08 pm

CCL

NCLH

RCL

Cruise companies' shares are trading lower following Carnival's Q2 financial results and guidance announcement.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 3:08 pm

GDEV

GDEV Inc reported Q4 sales of $99 million, a 19.24% decrease from $122.58 million in the same period last year.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 2:53 pm

COIN

Coinbase Global (COIN) sees increased activity in Fri $70 call options with 1,220 contracts traded at the ask price of $0.6, compared to 3,536 open interest. Earnings are expected on 8/8 after market close.

Portfolio Pulse from Charles Gross

June 26, 2023 | 2:41 pm

LMNR

Limoneira Co (NASDAQ:LMNR) provided a strategic update, including the sale of 4 non-core assets worth $180 million and divestment of unprofitable operations in Cadiz. The company reduced net debt to $31.5 million and terminated its long-term retirement plan for annual savings of $1 million. LMNR expects incremental EBITDA growth of $25 million in the next five years and targets domestic annual lemon volumes of 5.2 million in 2023 and 7.0 million in 2028.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 2:29 pm

CGC

Canopy Growth Corp (CGC) shares are trading higher by 8.66% after the company reported worse-than-expected Q4 financial results. The company reported losses of 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 26, 2023 | 2:16 pm