Streetbeat News

Revenues

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

RIG

Transocean has announced new contract fixtures for three of its harsh environment semisubmersibles, adding $161 million to its contract backlog.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:40 am

AMD

INTC

MSFT

NVDA

Intel shares rose 2.34% in pre-market trading after announcing its new Lunar Lake AI chips at the Computex trade show. The chips are designed to compete with AMD and NVIDIA, which saw their shares fall. The new chips align with Microsoft's 'Year of AI PC' initiative and are set to launch later this year.

Portfolio Pulse from Pooja Rajkumari

June 04, 2024 | 10:34 am

TOUR

Tuniu Corp expects Q2 2024 revenue to be between RMB114.9 million and RMB119.9 million, representing a 15%-20% year-over-year increase. This forecast reflects the company's current and preliminary view on the industry and its operations.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:09 am

DCI

Donaldson Company, Inc. (DCI) has raised its FY24 EPS forecast from $3.24-$3.32 to $3.33-$3.39, surpassing the estimated $3.27. The company also adjusted its sales growth projection to 4%-6% YoY from the previous 3%-7% YoY range.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:06 am

TCOM

Trip.com Group has announced a proposed offering of $1.3 billion in convertible senior notes due 2029. The proceeds will be used for debt repayment, overseas business expansion, and working capital.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:05 am