Streetbeat News

Revenues

ACN

BBWI

Bath & Body Works (NYSE:BBWI) is partnering with Accenture (NYSE:ACN) to modernize and transform its digital and technology platforms using AI and generative AI. This multi-year program aims to elevate the brand and drive growth.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:34 pm

SPY

The USA's continuing jobless claims have slightly increased to 1,792K, compared to the estimated 1,790K and the prior 1,790K.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:32 pm

SPY

Nonfarm Productivity for Q1 increased by 0.2%, slightly below the estimated 0.3%.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:30 pm

SPY

The USA reported initial jobless claims of 229,000, higher than the estimated 220,000 and the previous week's 221,000. This indicates a slight increase in unemployment claims, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:30 pm

FXE

The European Central Bank (ECB) cut interest rates by 25 basis points, marking the first reduction since 2016 for main refinancing operations and marginal lending rates. Despite the cut, the ECB projects inflation to remain above target well into next year. The euro, tracked by the Invesco CurrencyShares Euro Currency Trust (NYSE:FXE), rose slightly following the announcement.

Portfolio Pulse from Piero Cingari

June 06, 2024 | 12:29 pm

RLAY

Relay Therapeutics announced that its cash guidance remains unchanged and is expected to fund operations into the second half of 2026, despite the introduction of new programs.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:23 pm

DELL

HPE

NVDA

Hewlett Packard Enterprise (HPE) reported fiscal Q2 results with a 3% revenue growth to $7.2 billion, surpassing estimates, but earnings fell 19%. AI chip availability from Nvidia (NVDA) boosted HPE's server business. Dell Technologies (DELL) also saw significant AI system sales growth but faced margin challenges. HPE raised its full-year revenue and earnings guidance.

Portfolio Pulse from Upwallstreet

June 06, 2024 | 12:21 pm

OP

OceanPal (NASDAQ:OP) reported a significant improvement in its Q1 financial results, with a 54.9% reduction in losses per share and a 46.27% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:20 pm

CVNA

Carvana has reaffirmed its Q2 outlook, expecting a sequential increase in year-over-year growth rate in retail units and adjusted EBITDA, as per its 8k filing.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:19 pm

MSGM

MotorSport Games Inc. (NASDAQ: MSGM) shares surged over 20% in pre-market trading after the company announced it had regained compliance with NASDAQ listing requirements. The company has implemented a restructuring plan that reduced annual costs by $6.7 million and is focusing on revenue-driving initiatives such as the launch of 'Le Mans Ultimate' and a partnership for 'F1® Arcade' with Kindred Concepts.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 12:18 pm