Streetbeat News

Revenues

AAL

American Airlines has revised its Q2 adjusted operating margin forecast to 8.5%-10.5%, down from the previous estimate of 9.5%-11.5%. The company also projects a decline in total revenue per available seat mile by 5%-6%, compared to the prior view of a 1%-3% decrease.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:49 am

AAL

American Airlines has lowered its Q2 adjusted EPS forecast to $1.00-$1.15 from the previous $1.15-$1.45, below the $1.30 estimate. The company also revised its average fuel price expectation to $2.70-$2.80 per gallon from $2.75-$2.95. Additionally, Q2 total revenue per available seat mile is expected to decline by 5%-6% compared to the same quarter in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:43 am

AAPL

AMD

IGPT

QCOM

SOXX

TSM

AMD is expanding its partnership with Samsung to develop 3nm chip processing technology, which could help Samsung narrow its market share gap with TSMC. AMD CEO Lisa Su announced plans to mass-produce next-generation chips using 3nm GAA technology. The partnership includes integrating AMD’s Radeon graphics into Samsung’s Exynos processors and providing HBM chips and turnkey packaging services. AMD's stock has gained 37% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 11:41 am

SYTA

Siyata Mobile shares are trading higher following an order from the City of Lancaster Public Utilities Department for its SD7 Push-to-Talk handsets, VK7 Vehicle Kits, and related accessories.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:38 am

ANF

Abercrombie & Fitch expects Q2 net sales growth to be up mid-teens year-over-year and anticipates an operating margin of 13% to 14%, compared to 9.6% in Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:35 am

AAL

GME

HOOD

QQQ

SPY

U.S. stocks are set to open lower due to rising bond yields and cooling meme stock rallies. Key retail earnings reports, Federal Reserve speeches, and geopolitical tensions are also influencing market sentiment. Notable premarket movements include American Airlines falling over 8% and Robinhood climbing over 4%.

Portfolio Pulse from Shanthi Rexaline

May 29, 2024 | 11:35 am

ANF

Abercrombie & Fitch has revised its FY24 net sales growth outlook to approximately 10%, up from the previous forecast of 4% to 6%.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:33 am

ANF

Abercrombie & Fitch (NYSE:ANF) reported strong Q1 results with adjusted earnings per share (EPS) of $2.14, beating the analyst estimate of $1.73 by 23.7%. Sales reached $1.02 billion, surpassing the $963.26 million estimate and marking a 22.01% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:31 am

BX

Blackstone Real Estate has announced the sale of Turtle Bay Resort for $725 million. The resort was purchased in 2018 for $332 million, and Blackstone invested significantly in renovations.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:23 am

SCPX

Scorpius Holdings reported a Q1 EPS of $(0.16), an improvement from $(0.49) year-over-year, and sales of $3.51 million, up from $765.90K year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:22 am