Streetbeat News

Earnings

TAP

Molson Coors Beverage Co (NYSE:TAP) reported Q2 FY23 sales growth of 11.8% YoY to $3.27 billion, missing the analyst consensus of $3.29 billion. The sales increase was due to positive net pricing, favorable sales mix, and higher financial volumes. Gross profit climbed 48.6% YoY to $1.218 billion. Non-GAAP EPS of $1.78 beat the consensus of $1.59. However, TAP shares traded lower by 5.39% in premarket.

Portfolio Pulse from Shivani Kumaresan

August 01, 2023 | 2:51 pm

PRPO

Precipio, Inc. (NASDAQ:PRPO) has announced a 25% QoQ increase in Q2-2023 revenues to $3.5M from $2.8M in Q1-2023. The growth is attributed to a 15% increase in revenues from the products division, a 30% increase from the pathology services division, and a growing customer pipeline. The company's CEO, Ilan Danieli, expressed confidence in the company's value proposition and its ability to achieve its business and financial goals.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 2:35 pm

CAT

Caterpillar Inc reported a Q2 FY23 revenue increase of 21.6% YoY to $17.32 billion, beating the consensus of $16.50 billion. Adjusted earnings were $5.55 per share, compared to $3.18 a year ago, topping the consensus of $4.51. The increase was due to favorable price realization and higher sales volume. CAT shares are trading higher by 2.03% at $270.85 premarket on Tuesday.

Portfolio Pulse from Akanksha Bakshi

August 01, 2023 | 2:34 pm

UFPT

UFP Techs (NASDAQ:UFPT) reported Q2 earnings of $1.55 per share, beating the analyst consensus estimate of $1.42 by 9.15%. This is a 32.48% increase from the same period last year. The company also reported quarterly sales of $100.04 million, beating the analyst consensus estimate of $98.00 million by 2.08%. This is a 6.04% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 2:31 pm

AAN

EJH

FWRG

GMBL

LTRY

MMYT

NCLH

POL

ROVR

TRNR

TUP

VMAR

In Tuesday's pre-market session, several consumer discretionary stocks showed significant movement. Tupperware Brands, Esports Entertainment, MakeMyTrip, First Watch Restaurant Gr, Lottery.com, and Rover Group saw gains, while Polished.com, Vision Marine, Interactive Strength, Aarons, Norwegian Cruise Line, and E-Home Household Service experienced losses. Q1 and Q2 earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

August 01, 2023 | 2:28 pm

AMSC

NKLA

NSP

ROK

During Tuesday's pre-market session, several industrials stocks experienced significant movement. Gainers included American Superconductor (AMSC), Nikola (NKLA), Graphex Gr (GRFX), Mega Matrix (MPU), Eve Holding (EVEX), and Oshkosh (OSK). Losers included Insperity (NSP), Rockwell Automation (ROK), Orion Group Hldgs (ORN), JetBlue Airways (JBLU), Knightscope (KSCP), and Symbotic (SYM).

Portfolio Pulse from Benzinga Insights

August 01, 2023 | 2:24 pm

CLCFF

Christina Lake Cannabis Corp. reported Q2 FY23 revenue of CA$3.5 million, a 49.8% increase YoY. However, gross profit decreased by 41.3% to CA$500,180 and the company reported a loss of CA$774,751. The company's working capital stood at CA$1.7 million as of May 31, 2023.

Portfolio Pulse from Vuk Zdinjak

August 01, 2023 | 2:11 pm

WDC

Western Digital Corp (NASDAQ:WDC) shares were volatile after the company's quarterly results. The company beat estimates with Q4 revenue of $2.67 billion and a loss of $1.98 per share. Revenues were down 5.4% sequentially, with cloud revenue falling 18% and client and consumer revenue increasing. The company expects fiscal first-quarter revenue to be between $2.55 billion and $2.75 billion. Multiple analysts raised price targets for the company.

Portfolio Pulse from Adam Eckert

August 01, 2023 | 2:07 pm

AMC

TUP

Tupperware Brands Corp (TUP) shares have surged over 425% in the past month, driven by a retail-driven short squeeze. The stock has become a popular choice among retail traders, with over 27% of the float currently sold short. The company is expected to report its Q2 earnings in about two weeks.

Portfolio Pulse from Adam Eckert

August 01, 2023 | 2:03 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) is expected to report quarterly earnings after the closing bell Tuesday. Options markets are implying a move of around plus or minus 5% after the release of quarterly earnings. Traders expect Starbucks stock to trade lower through the September expiration. Analysts expect the company to report quarterly earnings at 86 cents per share on revenue of $8.42 billion.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 1:57 pm