Streetbeat News

Revenues

WBA

Walgreens Boots Alliance (WBA) reported disappointing Q3 earnings and cut its annual outlook, leading to a significant drop in its stock price. Despite a slight increase in sales, the company's adjusted EPS missed expectations, and it faces challenges in the U.S. retail and pharmacy segments.

Portfolio Pulse from Vandana Singh

June 27, 2024 | 12:34 pm

BLIN

Bridgeline Digital, Inc. (NASDAQ:BLIN) announced that a large calendar retailer has chosen its HawkSearch technology to enhance product discovery on its eCommerce website. This AI-powered search bar aims to improve the retailer's revenue by offering a more personalized user experience.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:33 pm

ITI

Iteris has been awarded a $2 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the Texas Department of Transportation to improve traffic management and safety in the Houston District.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:32 pm

SPY

The US Core PCE Prices for Q1 increased to 3.70%, higher than the estimated 3.60% and significantly above the prior 2.00%.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:30 pm

SPY

USA Durable Goods Orders for May increased by 0.1%, surpassing the estimated -0.5% and slightly below the prior 0.2%.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:30 pm

SPY

The GDP for Q1 grew by 1.4% quarter-over-quarter, slightly above the estimated 1.3%.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:30 pm

SPY

Retail inventories excluding autos for May remained flat at 0.0%, compared to a 0.3% increase in the previous month. This indicates a potential slowdown in retail sector growth.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:30 pm

MKC

McCormick & Co Inc (NYSE:MKC) shares are trading higher after reporting better-than-expected Q2 FY24 earnings. Despite a 1% sales decline, the company beat revenue and EPS estimates. Gross profit and operating margins expanded, and the company reaffirmed its FY24 outlook.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 12:28 pm

SEZL

Sezzle Inc. (NASDAQ: SEZL) has expanded its Payment Streaks program to Canadian users, following its successful launch in the U.S. This feature rewards users for making timely payments, promoting financial responsibility and enhancing customer experience.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:23 pm

IDGT

NOK

QTUM

Nokia (NYSE:NOK) is selling its Alcatel Submarine Networks (ASN) business to the French State for EUR350 million. Nokia will retain a 20% stake and board representation. The sale is expected to close by late 2024 or early 2025. This move will streamline Nokia's Network Infrastructure Business Group and is expected to reduce net sales by EUR 1 billion but increase operating profit margin by 100-150 basis points. The sale does not impact Nokia's financial outlook for 2024.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 12:22 pm