Streetbeat News

Revenues

RH

RH (NYSE:RH) shares fell after the company reported Q1 financial results. The company posted a quarterly loss of 40 cents per share, missing the analyst consensus estimate of a 12-cent loss. Quarterly sales were $726.96 million, slightly above estimates but down 1.65% year-over-year. Despite positive demand trends, the company cited challenges due to high interest rates. RH forecasts demand and revenue growth for Q2 and the full year.

Portfolio Pulse from Erica Kollmann

June 13, 2024 | 9:05 pm

TDY

Teledyne Technologies (NYSE:TDY) has significantly outperformed the market over the past 15 years, delivering an average annual return of 17.3%. A $100 investment in TDY 15 years ago would be worth $1,102.12 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 9:01 pm

RH

RH is forecasting to end the year with an increased backlog of approximately $110M-$130M due to revenue lagging demand throughout fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:46 pm

RH

RH expects demand growth of 12%-14% and revenue growth of 8%-10% on a 52-week basis. The company forecasts an adjusted operating margin of 13%-14% and an adjusted EBITDA margin of 18%-19%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:46 pm

RH

RH forecasts Q2 demand growth of 9%-10% and revenue growth of 3%-4%. The company also expects adjusted operating margin to be 11%-12% and adjusted EBITDA margin to be 17%-18%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:44 pm

AVGO

NVDA

PARA

SMCI

TSLA

WBD

XLC

XLE

XLK

XLRE

The Nasdaq 100 and S&P 500 closed at record highs, driven by gains in tech stocks. The Nasdaq 100 rose 0.6% to 19,576 points, while the S&P 500 increased 0.2% to 5,433 points. Treasury Secretary Janet Yellen's optimistic comments on disinflation and a strong job market boosted investor confidence. The market is pricing in a high probability of rate cuts by the end of the year. Technology and real estate sectors led the gains, while energy and communication services lagged.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 8:35 pm

MSM

MSC Industrial reported preliminary Q3 net sales of approximately $978M-$980M, down 7.3%-7.1% year-over-year, missing the estimated $1.022B. The company also lowered its full-year 2024 outlook due to ongoing manufacturing softness and issues with their web price realignment.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:34 pm

NVOS

Novo Integrated Sciences has received confirmation from HSBC for the issuance of a Standby Letter of Credit (SBLC) for its SBLC leasing and monetizing program. The company is projected to receive gross funding proceeds of approximately $78 million.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:34 pm

ADBE

Adobe Inc (NASDAQ:ADBE) reported strong Q2 earnings, beating both revenue and EPS estimates. The company achieved record revenue of $5.31 billion, driven by growth across its cloud services. Adobe also provided strong guidance for Q3 and full-year 2024, significantly above analyst estimates. The stock rose 14.39% in after-hours trading.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 8:23 pm

SENEA

Seneca Foods (NASDAQ:SENEA) reported a Q4 EPS of $(0.32), a significant improvement from $(1.20) YoY. However, sales decreased by 6.97% to $307.98M from $331.06M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:20 pm