Streetbeat News

Earnings

RY

Royal Bank of Canada (NYSE:RY) reported a Q2 FY23 adjusted net income of C$3.8 billion, down 13% Y/Y, with adjusted EPS declining by 11% Y/Y to C$2.65. The results were impacted by high provisions for credit losses of C$600 million. Revenues increased to C$13.5 billion from C$11.2 billion a year ago. RY declared a quarterly dividend of C$1.35 per share, up 2%.

Portfolio Pulse from Lekha Gupta

May 25, 2023 | 1:31 pm

EADSY

FRPT

IEP

NVDA

PLTR

Bill Ackman believes Carl Icahn's firm is overvalued after Hindenburg Research's report. Nvidia nears $1 trillion market cap after strong Q1 results. Freshpet's largest shareholder, Jana Partners, pushes for board overhaul. Airbus receives its largest commercial helicopter order in Italy from Air Corporate. Palantir Technologies collaborates with Ukraine's Ministry of Digital Transformation for defense and reconstruction efforts.

Portfolio Pulse from Vandana Singh

May 25, 2023 | 1:27 pm

BA

Boeing's CFO stated that the upper end of the company's 2023 free cash flow goal is under pressure, but they remain committed to achieving the goal.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:27 pm

ELF

e.l.f. Beauty (NYSE:ELF) reported better-than-expected Q4 results with adjusted earnings of 42 cents per share and sales of $187.36 million. Following the announcement, several analysts raised their price targets on the stock.

Portfolio Pulse from Lisa Levin

May 25, 2023 | 1:25 pm

PATH

UiPath Inc (NYSE:PATH) reported Q1 revenue of $289.59 million, beating estimates of $271.13 million, and earnings of 11 cents per share, surpassing estimates of 2 cents per share. However, shares are trading lower as Barclays lowered its price target following the results.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 1:22 pm

AMD

MU

TSM

Chip stocks, including Advanced Micro Devices (AMD), Micron Technology (MU), and Taiwan Semiconductor Manufacturing Co (TSM), are trading higher following NVIDIA's (NVDA) better-than-expected Q1 results and strong Q2 revenue guidance. NVIDIA's positive commentary on outsized demand for multiple chips is driving several semiconductor names higher.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 1:17 pm

AEO

GCO

MOD

QSG

RRGB

VEDU

Several consumer discretionary stocks experienced significant price movements during Thursday's pre-market session, with Modine Manufacturing, Red Robin Gourmet Burgers, and Visionary Education Tech among the gainers, while QuantaSing Group, Genesco, and American Eagle Outfitters were among the losers. Earnings reports were a key driver for many of these stocks.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 1:13 pm

SHIP

Seanergy Maritime Hldgs (NASDAQ:SHIP) reported Q1 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.24) by 91.67%. Quarterly sales were $18.00 million, beating the estimate of $16.82 million by 7.02%.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:11 pm

GCO

Genesco shares are trading lower after the company reported Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 1:10 pm

APPS

Digital Turbine reported mixed Q4 financial results and issued Q1 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 1:08 pm