Streetbeat News

Revenues

ACN

Accenture (NYSE: ACN) reported Q3 fiscal 2024 sales of $16.47 billion, slightly below analyst expectations but within the company's guidance range. Adjusted EPS missed estimates, but new bookings were strong at $21.06 billion. The company highlighted $2 billion in Generative AI sales and announced a quarterly dividend. Shares are up 8.99% premarket.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 12:30 pm

SPY

The Philadelphia Fed Manufacturing Index for June came in at 1.3, significantly below the estimated 4.8. This indicates a slower pace of growth in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:30 pm

HPE

INFY

NVDA

WIT

Hewlett Packard Enterprise (HPE) and Nvidia (NVDA) have announced a strategic collaboration to dominate the enterprise AI market. The partnership aims to simplify AI adoption through co-developed solutions and robust support systems. Early adopters include Deloitte, HCLTech, Infosys (INFY), TCS, and Wipro (WIT).

Portfolio Pulse from Surbhi Jain

June 20, 2024 | 12:25 pm

ACN

HROW

TPST

Market-Moving News for June 20th: Harrow (HROW) shares rise 20% after announcing the manufacture of the first commercial-scale process performance qualification batch of TRIESENCE 40 mg/mL. Tempest Therapeutics (TPST) shares surge 74% following positive study results for TPST-1120. Accenture (ACN) shares increase 9% after reporting Q3 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

June 20, 2024 | 12:17 pm

HTZ

Hertz Global Holdings (HTZ) has announced its intention to offer $500 million in first lien senior secured notes due 2029. The company is also pursuing $500 million in annual cost initiatives to reduce DOE per transaction day to the low $30s and is progressing on previously announced $350 million cost savings initiatives.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:09 pm

SPCB

SuperCom has announced the receipt of orders from European governments valued at over $3 million, which are expected to be delivered by the end of Q3.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:08 pm

PLTR

Starlab Space LLC has announced a strategic partnership with Palantir Technologies. Palantir will provide exclusive enterprise-wide software data management solutions for Starlab's commercial space station. The collaboration will leverage digital twins and AI technologies for optimized operations, resource allocation, and predictive maintenance.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:07 pm

KR

Kroger has reaffirmed its FY24 guidance, projecting identical sales without fuel to grow between 0.25% and 1.75%, and adjusted EPS to be in the range of $4.30 to $4.50.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:05 pm

KR

Kroger (NYSE:KR) reported Q1 earnings of $1.43 per share, beating the analyst estimate of $1.34. Sales were $45.27 billion, also surpassing the $45.04 billion estimate. However, earnings per share decreased by 5.3% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:03 pm

CROX

In the last three months, 11 analysts have published ratings on Crocs (NASDAQ:CROX), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $152.73, reflecting an 8.94% increase from the previous target. Analysts have raised their ratings and price targets, indicating positive sentiment towards Crocs's financial performance, which includes strong revenue growth, net margin, ROE, and ROA, despite high debt levels.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 12:01 pm