Streetbeat News

Revenues

CNM

Core & Main (NYSE:CNM) reported Q1 earnings per share (EPS) of $0.49, missing the analyst estimate of $0.52. However, the company beat sales estimates with $1.74 billion, a 10.61% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:31 am

CRWD

GTLB

HPE

PVH

QQQ

SFIX

SPY

Nasdaq and S&P 500 futures are down as tech stocks weaken and meme stock rallies lose momentum. Concerns over China's potential move to cut reliance on U.S. chipmaking and upcoming economic data are influencing market sentiment. Key stocks and ETFs like SPY, QQQ, GTLB, PVH, SFIX, CRWD, and HPE are in focus.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 11:27 am

AUGX

Augmedix reaffirms its financial outlook, expecting a slight sequential increase in Q2 revenue and projecting FY24 revenue between $52M and $55M, aligning with market estimates.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:23 am

O

Realty Income has revised its 2024 outlook, adjusting its normalized FFO per share to a range of $4.19 - $4.28 and AFFO per share to $4.15 - $4.21. The company also increased its expected 2024 investment volume to approximately $3.0 billion from the previous guidance of $2.0 billion.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:13 am

RIO

Rio Tinto (NYSE:RIO) is investing $143 million in a new research and development facility in Western Australia to advance low-emission steelmaking technology. The facility will focus on the BioIron™ process, which uses biomass instead of coal, potentially reducing CO2 emissions by 95%. The project will create jobs and support collaboration with local universities.

Portfolio Pulse from Stjepan Kalinic

June 04, 2024 | 11:07 am

BBWI

Bath & Body Works has revised its fiscal year 2024 net sales guidance to a decline of between -2.5% and 0%.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:01 am

BBWI

Bath & Body Works (NYSE:BBWI) reported Q1 earnings of $0.38 per share, beating the analyst estimate of $0.32. Sales were $1.38 billion, also surpassing the $1.36 billion estimate. Despite the beats, sales were down 0.86% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:59 am

CTRN

Citi Trends has revised its FY24 outlook, lowering its comparable store sales growth projection to low to mid-single digits from mid-single digits. The company expects gross margin expansion of 75-100 basis points and a slight increase in SG&A expenses. EBITDA remains unchanged, and the company plans to open up to 5 new stores, remodel 40 stores, and close 10-15 underperforming stores.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:54 am

FERG

Ferguson expects its fiscal year 2024 net sales to remain broadly flat, with continued volume growth and resilient gross margins despite mild deflation. CEO Kevin Murphy provided this guidance.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:49 am

FERG

Ferguson (NYSE:FERG) reported Q3 2024 adjusted earnings per share (EPS) of $2.32, which met analyst expectations. However, the company's quarterly sales of $7.308 billion missed the consensus estimate of $7.354 billion by 0.62%. Despite this, both EPS and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:47 am