Streetbeat News

Earnings

FL

Foot Locker has lowered its 2023 comparable sales guidance from a decline of 2.5-5.5% to a decline of 7.5-9%.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 10:47 am

FL

Foot Locker has lowered its 2023 sales and earnings guidance, potentially impacting investor confidence in the company's growth prospects.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 10:46 am

FL

Foot Locker reported Q1 earnings of $0.70 per share, missing the analyst consensus estimate of $0.81, and sales of $1.93 billion, missing the estimate of $1.99 billion. This represents a 56.25% decrease in earnings and an 11.40% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 10:46 am

AMAT

BABA

PLTR

QQQ

SPY

WMT

US stock futures signal a strong finish to the week on tech surge, with major indices on track to post weekly gains. Walmart's strong Q1 report and hopes of a debt ceiling resolution contribute to the positive sentiment. Analyst Ryan Detrick predicts big gains for the year based on historical patterns.

Portfolio Pulse from Shanthi Rexaline

May 19, 2023 | 10:44 am

DE

Deere & Company forecasts a 20% growth in production and precision agriculture revenue for FY23. The outlook for large agriculture in the US and Canada is up by 10%, while small agriculture and turf are down by 5%. Europe is expected to be flat to up 5%, South America remains flat, and Asia is expected to be down moderately.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 10:17 am

CINT

CTLT

DE

FL

GTEC

QBTS

RBC

Earnings reports for CI&T, Catalent, Foot Locker, Deere, Greenland Technologies, D-Wave Quantum, and RBC Bearings are scheduled for May 19, 2023.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 10:09 am

AAPL

AMZN

BABA

WMT

The S&P 500 rose for a second consecutive session on hopes of a debt ceiling resolution and positive economic data. Walmart and Alibaba reported better-than-expected earnings, while Amazon and Apple shares gained. The CBOE Volatility Index fell 4.9%.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 10:08 am

DE

Deere reported Q2 earnings of $9.65 per share, beating the analyst consensus estimate of $8.59 by 12.34%. Quarterly sales were $17.39 billion, surpassing the estimate of $14.83 billion by 17.24%. Both earnings and sales increased significantly compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 10:06 am

AMAT

CTLT

DE

FL

FTCH

Deere & Company, Applied Materials, Foot Locker, Farfetch, and Catalent are stocks to watch on Friday. Deere and Catalent are expected to post earnings before the opening bell, while Applied Materials reported better-than-expected Q2 results. Foot Locker is expected to have earned 81 cents per share for the latest quarter, and Farfetch reported better-than-expected Q1 results.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 9:17 am

ALVO

Alvotech reported Q1 losses of $(1.24) per share, a 188.37% decrease YoY, while sales increased by 1.90K% to $15.88 million compared to $793.00 thousand last year.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 9:06 am