Streetbeat News

Revenues

LE

Lands' End has provided its financial expectations for Q2 of fiscal 2024, forecasting net revenue between $290M and $320M, with an adjusted EPS ranging from $(0.14) to $(0.06). The company also expects a net loss between $8.5M and $6.0M, and adjusted EBITDA between $14.0M and $17.0M.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:51 am

USFD

US Foods has announced its long-range financial expectations for fiscal 2027, projecting net sales of $43 billion to $45 billion, adjusted EBITDA of $2.2 billion to $2.3 billion, and adjusted EPS of $5.20 to $5.70.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:50 am

DOYU

GXC

PGJ

DouYu International Holdings Limited (NASDAQ: DOYU) reported a significant decline in Q1 2024 revenue, missing analyst estimates. The company's livestreaming revenues fell sharply, while advertising and other revenues saw a substantial increase. The stock price declined following the results. Investors can gain exposure to DouYu through the Invesco Golden Dragon China ETF (NASDAQ: PGJ) and the SPDR S&P China ETF (NYSE: GXC).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 10:44 am

THCH

TH International (NASDAQ:THCH) reported a Q1 adjusted EPS of $(0.10), an improvement from $(0.12) YoY, with sales of $48.03M, a slight decrease from $48.99M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:42 am

AAPL

NVDA

SPY

Nvidia has become the second-largest holding in the SPDR S&P 500 ETF Trust (SPY), surpassing Apple. Nvidia's strong AI capabilities have boosted its stock price, making it the third most valuable company globally. The SPY ETF, which tracks the S&P 500, now has Nvidia at a 6.39% weighting, just behind Microsoft at 6.91%. Apple is now the third-largest holding at 6.34%.

Portfolio Pulse from Shanthi Rexaline

June 05, 2024 | 10:39 am

HIBB

Hibbett reported a 5.8% year-over-year decrease in Q1 comparable sales and a 1.8% decline in net sales.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:39 am

AXP

EBAY

eBay Inc. (NASDAQ:EBAY) will stop accepting American Express Co. (NYSE:AXP) cards from August 17 due to high fees. This decision follows unsuccessful negotiations over interchange fees. eBay faces challenges in the e-commerce market, while Amex has seen growth in card member spending.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 10:37 am

DLTR

Dollar Tree (NASDAQ:DLTR) reported Q1 earnings of $1.43 per share, beating the analyst estimate of $1.42. Sales were $7.63 billion, in line with expectations. Earnings decreased by 2.72% year-over-year, while sales increased by 4.22%.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:32 am

GB

Global Blue has reiterated its financial outlook for fiscal years 2024 and 2025, projecting an adjusted EBITDA of more than €200 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:28 am

ARKB

BITB

FBTC

GBTC

IBIT

Bitcoin spot ETFs recorded a net inflow of $887 million on June 4, marking the second-highest single-day net inflow in history. Grayscale, Fidelity, and BlackRock led the charge with significant inflows into their Bitcoin investment products. Year-to-date inflows have surpassed $15 billion, indicating a bullish market. Ethereum also saw positive inflows following the SEC approval of a spot-based Ethereum ETF.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 10:27 am