Streetbeat News

Earnings

DLTR

IRWD

LDOS

MU

RKT

Micron Technology shares fell 4% due to Chinese cybersecurity concerns, while Rocket Companies may benefit from a potential pause in interest rate hikes. Dollar Tree is set to report quarterly results, Leidos Holdings remains unaffected by NASA's lunar lander contract, and Ironwood Pharmaceuticals offered to acquire VectivBio for $1 billion.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:15 pm

GNUS

Genius Brands Intl (NASDAQ:GNUS) reported Q1 sales of $14.20 million, a significant increase of 885.43% compared to $1.44 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:13 pm

F

LTHM

Ford Motor Co has reaffirmed its FY23 adjusted EBIT guidance of $9 billion - $11 billion and expects an adjusted free cash flow of about $6 billion. The company has also signed a long-term agreement with Nemaska Lithium for the supply of lithium products, including lithium hydroxide, over an 11-year period.

Portfolio Pulse from Shivani Kumaresan

May 22, 2023 | 1:11 pm

DHT

DVN

OKE

Three energy stocks with over 6% dividend yields have been highlighted by Wall Street's most accurate analysts. DHT Holdings has a dividend yield of 11.43%, ONEOK has a yield of 6.53%, and Devon Energy has a yield of 7.24%. Recent news includes DHT Holdings reporting worse-than-expected Q1 results, ONEOK announcing the acquisition of Magellan Midstream Partners, and Devon Energy posting better-than-expected earnings.

Portfolio Pulse from Lisa Levin

May 22, 2023 | 1:09 pm

NAT

Nordic American Tankers Limited (NYSE:NAT) reported a 461.1% YoY revenue increase to $87.09 million in Q1 FY23, beating the consensus of $80.03 million. EPS improved to $0.22, beating the consensus of $0.20. The company's shares are trading higher by 6.22% at $3.93 premarket on Monday.

Portfolio Pulse from Akanksha Bakshi

May 22, 2023 | 1:03 pm

FL

Foot Locker's stock is trading lower after several analysts cut price targets following the company's disappointing Q1 earnings results. The company reported revenue of $1.93 billion, missing estimates of $1.99 billion, and adjusted earnings of 70 cents per share, falling short of estimates of 81 cents per share. Foot Locker also lowered its guidance for full-year 2023.

Portfolio Pulse from Adam Eckert

May 22, 2023 | 1:02 pm

NTZ

Natuzzi S.p.A. (NYSE:NTZ) has announced revised dates for the release of its Q1 2023 financial information and related conference call. The financial information will be released on June 2, 2023, and the conference call will take place on June 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:58 pm

NNOX

Nano X Imaging (NASDAQ:NNOX) reported Q1 adjusted EPS of $(0.19), beating the $(0.34) estimate by 44.12%, and a 13.64% YoY increase. However, sales of $2.45M missed the $2.89M estimate by 15.33%, but increased 35.34% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:47 pm

IMVT

Immunovant (NASDAQ: IMVT) reported Q4 earnings with an EPS of $-0.46, missing estimates by 6.98%. Revenue was down $0 from the same period last year. Last quarter, the company missed EPS by $0.1, resulting in a 2.95% share price drop the next day.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 12:41 pm

SGRP

SPAR Group reported Q1 earnings of $0.06 per share, a 100% increase YoY, and sales of $64.38 million, a 9.13% increase YoY.

Portfolio Pulse from Happy Mohamed

May 22, 2023 | 12:37 pm