Streetbeat News

Earnings

IONQ

MMM

SWBI

3M enters a broad class resolution to support PFAS remediation for public water suppliers with a commitment of up to $10.3B over 13 years. Smith & Wesson Brands reports Q4 adjusted earnings of $0.32, beating estimates, and increases dividend by ~20%. IonQ raises 2023 bookings expectations to $50M at midpoint, anticipating doubling bookings from the prior year.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 12:34 pm

ACST

Acasti Pharma (NASDAQ:ACST) reported Q4 adjusted EPS of $(0.11), in line with analyst consensus estimates, representing a 175% decrease from $(0.04) per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 12:33 pm

KMX

CarMax Inc (NYSE:KMX) reported a Q1 FY23 sales decline of 17.4% YoY to $7.69 billion, beating analyst consensus of $7.53 billion. Adjusted EPS of $1.16 beat the consensus estimate of $0.79. CarMax shares were trading higher by 7.89% at $84.50 in premarket on Friday.

Portfolio Pulse from Shivani Kumaresan

June 23, 2023 | 12:26 pm

ACST

Acasti Pharma (NASDAQ:ACST) reported Q4 earnings with in-line EPS of $-0.11 and revenue down $0 from the same period last year. Last quarter, the company beat EPS estimates by $0.02, followed by a 3.69% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 12:20 pm

ALK

JEPQ

MTZ

ORCL

CNBC's 'Halftime Report Final Trades' featured recommendations for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Oracle Corporation (ORCL), Alaska Air Group (ALK), and MasTec, Inc. (MTZ). Oracle recently cut jobs and positions in its health unit, while Alaska Airlines announced a partnership with CLEAR. MasTec posted positive Q1 results but lowered its FY23 earnings outlook.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 12:04 pm

ACST

Acasti Pharma reported Q4 losses of $(0.95) per share, a 2275% decrease from $(0.04) YoY. The company's cash balance stands at $27.9 million, down from $43.7 million last year.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 11:47 am

DRI

Darden Restaurants reported mixed Q4 results with sales growth of 6.4% YoY to $2.769 billion, slightly missing the consensus of $2.77 billion. EPS of $2.58 beat the consensus of $2.54. The company expects FY24 sales of $11.5 billion - $11.6 billion and adjusted EPS of $8.55 - $8.85. Following the announcement, TD Cowen and Wedbush raised their price targets on DRI.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 11:39 am

ACN

Accenture reported Q3 FY23 revenue growth of 3% YoY to $16.57 billion, slightly beating the consensus of $16.56 billion. Adjusted EPS of $3.19 beat the consensus of $3.04. However, analysts from Piper Sandler and TD Cowen cut their price targets on Accenture following the earnings announcement.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 11:34 am

KMX

CarMax reported better-than-expected Q1 EPS and sales results, but its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 11:10 am

KMX

CarMax reported Q1 adjusted EPS of $1.16, beating the $0.79 estimate, and sales of $7.69B, beating the $7.53B estimate. However, this represents a 25.64% decrease in earnings and a 17.42% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 11:08 am