Streetbeat News

Earnings

NVDA

Nvidia Corporation (NVDA) has joined the $1 trillion market capitalization club after a surge in share price following strong quarterly earnings results and guidance. The company reported Q1 revenue of $7.19 billion, beating estimates, and guided for Q2 revenue to be $11 billion, significantly higher than Street consensus estimates. This led to analysts raising their price targets and predicting a $1 trillion market cap.

Portfolio Pulse from Chris Katje

May 30, 2023 | 6:20 pm

NVDA

Tech and AI-related stocks are trading higher following NVIDIA's Q1 earnings and momentum in AI stocks, as well as a tentative debt ceiling agreement between the Biden administration and Republicans.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 6:19 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) shares are rising after several analysts raised their price targets on the stock, ranging from $820 to $890. This comes ahead of Broadcom's Q2 earnings report on June 1, with expected earnings of $10.08 per share on quarterly revenue of $8.7 billion.

Portfolio Pulse from Ryan Gustafson

May 30, 2023 | 5:47 pm

DG

Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Dollar General Corp (NYSE:DG) with a price target of $242. The analyst forecasts 1Q23 EPS of $2.42 and anticipates total sales growth of 9% to $9.5 billion. Dollar General is expected to benefit from strength in consumables, high inflation, and strategic initiatives such as DG Fresh and NCI.

Portfolio Pulse from Shivani Kumaresan

May 30, 2023 | 4:56 pm

NVDA

Nvidia (NVDA) reported a substantial earnings beat and upward guidance revision, driving its stock up 30% and adding $200 billion to its market capitalization. The news positively impacted the AI, semiconductor, and technology sectors, with other chip makers also experiencing gains.

Portfolio Pulse from Andrew Moss

May 30, 2023 | 4:47 pm

DECK

Deckers shares are trading higher following the company's positive quarterly earnings report last week.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 4:27 pm

TNP

Tsakos Energy Navigation Ltd. (NYSE:TNP) reported Q1 FY23 Voyage revenue of $261.21 million, a 74.5% Y/Y increase, beating the consensus of $209.15 million. EPS improved to $5.69, beating the consensus of $2.79. The company will distribute an annual dividend of $0.60 per common share for FY23, a 140% increase from 2022, and may consider an extra dividend within 2023.

Portfolio Pulse from Akanksha Bakshi

May 30, 2023 | 4:16 pm

HUIZ

Huiz Holding Limited reported Q1 financial results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 4:12 pm

PHR

Phreesia (NYSE:PHR) is set to release its latest quarterly earnings report on May 31, 2023. Analysts estimate an EPS of $-0.46. Last quarter, the company missed EPS by $0.21, resulting in a 7.74% drop in share price the next day. Shares are currently trading at $30.16 and have risen 66.39% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 4:02 pm

RSVR

Reservoir Media (NASDAQ:RSVR) is set to release its latest quarterly earnings report on May 31, 2023. Analysts estimate an EPS of $0.06. The company's share price has decreased by 9.22% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 4:00 pm