Streetbeat News

Earnings

ACN

CMC

DRI

KBH

SCS

U.S. stock futures are trading lower on Thursday, with investor focus on Commercial Metals Company (CMC), Steelcase Inc. (SCS), Accenture plc (ACN), KB Home (KBH), and Darden Restaurants, Inc. (DRI). CMC, ACN, and DRI are expected to report earnings, while SCS and KBH have announced better-than-expected earnings.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 8:04 am

AMZN

FDX

The CNN Money Fear and Greed index remains in the 'Extreme Greed' zone as US stocks closed lower for the third straight session. Amazon shares fell 0.8% after the FTC filed a lawsuit against the company, and FedEx shares dropped 2.5% after reporting Q4 revenue miss and a disappointing FY24 outlook.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 6:53 am

ASTL

Algoma Steel Group (NASDAQ:ASTL) reported Q4 losses of $(0.14) per share and quarterly sales of $501.08 million.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 9:57 pm

META

Meta Platforms Inc (NASDAQ:META) reported Q1 FY23 results, with over 3 billion daily users across its services. The company saw a 26% YoY increase in ad impressions, the highest growth rate since FY20. Time spent on Instagram increased by over 20% since the launch of Reels.

Portfolio Pulse from The Science Of Hitting

June 21, 2023 | 9:00 pm

EPAC

Enerpac Tool Group (NYSE:EPAC) reported Q3 earnings of $0.39 per share, a 143.75% increase YoY, and sales of $156.30M, a 2.90% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:31 pm

KBH

KB Home reported better-than-expected Q2 earnings and issued strong guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:27 pm

KBH

KB Home (NYSE:KBH) reported Q2 revenue of $1.77 billion, beating the consensus estimate of $1.42 billion, and earnings of $1.94 per share, surpassing analyst estimates of $1.34 per share. The company expects full-year housing revenues to be between $5.8 billion and $6.2 billion, higher than estimates of $5.5 billion.

Portfolio Pulse from Adam Eckert

June 21, 2023 | 8:23 pm

KBH

KB Home reported Q2 earnings of $1.94 per share, beating the analyst consensus estimate of $1.34 by 44.78%. Quarterly sales were $1.77 billion, surpassing the estimate of $1.42 billion by 24.32%.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:11 pm

SCS

Steelcase (NYSE:SCS) reported Q1 earnings with an EPS of $0.09, beating estimates by 800.0%. Revenue was up $11.20 million from the same period last year. The company has a history of beating earnings estimates, which has led to share price increases.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 8:10 pm

CDMO

Avid Bioservices reported Q4 sales of $39.41 million, beating the analyst consensus estimate of $38.90 million by 1.31% and marking a 26.20% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:09 pm