Streetbeat News

Earnings

FDX

FedEx reported Q4 revenue miss and issued a weaker FY24 outlook, missing consensus estimates. The CFO expects margin contraction for the year.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:13 am

FDX

KBH

LI

LZB

NIO

PDCO

QQQ

SCS

SPY

WGO

XPEV

US stocks are expected to have a cautious start on Wednesday as traders anticipate Federal Reserve Chair Jerome Powell's Congressional testimony. FedEx Corp.'s disappointing guidance may cause anxiety about the economy. Chinese EV startups Nio, XPeng, and Li Auto rally after China extends green-energy vehicle incentives.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 11:11 am

PDCO

Patterson Cos (NASDAQ:PDCO) reported Q4 earnings, beating estimated earnings by 20.0% with an EPS of $0.84. Revenue was up $82 million from the same period last year. Last quarter, the company beat EPS estimates by $0.02, followed by a 1.22% increase in share price the next day.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 11:10 am

PDCO

Patterson Companies has issued its FY24 adjusted EPS guidance of $2.45-$2.55, which is higher than the consensus estimate of $2.34.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:02 am

WGO

Winnebago Industries reported Q3 earnings of $2.13 per share, beating the $1.83 estimate, but sales of $900.80M missed the $961.04M estimate. This represents a 48.43% decrease in earnings and a 38.22% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:01 am

PDCO

Patterson Cos reported Q4 adjusted earnings of $0.84 per share, beating the analyst consensus estimate of $0.70 by 20%. Sales reached $1.72 billion, surpassing the $1.66 billion estimate by 3.67%.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:01 am

SM

SM Energy expects to underspend the low end of its Q2 guidance for capital expenditures and lease operating expenses (LOE) costs.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 10:59 am

SM

SM Energy has announced that it expects to exceed the high end of its Q2 production guidance, revising its guidance for Q2 and the full year to reflect higher production and lower costs.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 10:58 am

CABA

CANO

DAO

FDX

KC

LZB

ZURA

Several big stocks are moving lower in Wednesday's pre-market session, including La-Z-Boy, FedEx, Zura Bio, Cabaletta Bio, Youdao, Kingsoft Cloud, and Cano Health. La-Z-Boy and FedEx reported better-than-expected earnings but issued weak sales forecasts and missed sales estimates, respectively.

Portfolio Pulse from Lisa Levin

June 21, 2023 | 10:39 am

DLTR

Dollar Tree reaffirms its Q2 and FY23 outlook, expecting Q2 consolidated net sales of $7.0 billion to $7.2 billion, diluted EPS of $0.79 to $0.89, and FY23 consolidated net sales of $30.0 billion to $30.5 billion, with EPS of $5.73 to $6.13.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 10:04 am