Streetbeat News

Revenues

ACN

Accenture Plc expects Q4 fiscal 2024 revenue to be between $16.05 billion and $16.65 billion, reflecting 2% to 6% growth in local currency. The forecast includes an anticipated negative 2% foreign-exchange impact compared to Q4 fiscal 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:42 am

SCS

Steelcase projects Q2 fiscal 2025 revenue between $850M-$875M, compared to $865.23M estimated. Adjusted EPS is expected to be $0.36-$0.40, versus $0.30 estimated. The company's backlog at the end of Q1 was $764M, 1% higher than the previous year.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:40 am

SSL

The court ruled in favor of Sasol Oil and TotalEnergies, awarding Sasol Oil R3.89 billion in damages plus approximately R2.3 billion in interest due to Transnet's breach of pipeline tariff agreements. The litigation has been ongoing since 2017.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:39 am

SCS

Steelcase (NYSE:SCS) reported Q1 2025 adjusted EPS of $0.16, beating the estimate of $0.10 by 60%. However, sales of $727.3M missed the $729.125M estimate by 0.25%, and were down 3.27% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:34 am

NVDA

QQQ

TSM

VOO

Nvidia Corp (NASDAQ:NVDA) has become the world's most valuable listed company due to surging demand for its AI chips, with its stock tripling in value over the past 12 months. Key supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is developing new chip packaging methods to meet AI-driven demand. Investors can gain exposure to Nvidia through Vanguard S&P 500 ETF (NYSE:VOO) and Invesco QQQ Trust, Series 1 (NASDAQ:QQQ).

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 10:10 am

ABT

DXCM

PODD

Insulet's Omnipod 5, compatible with Dexcom G6 and Abbott Freestyle Libre 2 Plus continuous glucose monitor sensors, is now fully available in the U.K. and Netherlands for individuals aged two years and older with Type 1 diabetes.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:07 am

TGT

Target Corporation (NYSE:TGT) is launching a new generative AI tool called Store Companion to enhance store team efficiency and customer experience across its nearly 2,000 stores by August. This initiative aims to improve team productivity and guest engagement, supporting Target's long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:03 am

GMS

GMS (NYSE:GMS) reported Q4 2024 earnings per share of $1.93, missing the analyst estimate of $2.04 by 5.39%. However, the company reported sales of $1.413 billion, beating the estimate of $1.403 billion by 0.75%. Compared to the same period last year, EPS decreased by 8.53% while sales increased by 8.36%.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:02 am

HPE

NVDA

Hewlett Packard Enterprise (HPE) stock rose 2.47% in pre-market trading after announcing a partnership with NVIDIA to launch AI solutions. This collaboration integrates NVIDIA's AI computing with HPE's storage and computing, providing a flexible pathway for AI application development. The partnership follows HPE's return to revenue growth, driven by AI momentum.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 9:51 am

CPAY

IPAY

TMSL

Corpay, Inc. (NYSE:CPAY) has announced a definitive agreement to acquire GPS Capital Markets, LLC, a company specializing in cross-border and treasury management solutions. The acquisition is expected to close in early 2025, subject to regulatory approval. Corpay anticipates significant revenue and expense synergies from the deal, which will be accretive to its 2025 cash EPS. The company expects its second quarter 2024 results to align with its financial guidance, projecting revenues of $960 million-$980 million and adjusted EPS of $4.45-$4.55. Corpay's cash and equivalents stood at $3.2 billion as of March 31, 2024. Investors can gain exposure to CPAY via Amplify Mobile Payments ETF (NYSE:IPAY) and T. Rowe Price Small-Mid Cap ETF (NYSE:TMSL).

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 9:48 am