Streetbeat News

Revenues

AS

Amer Sports has provided guidance for Q2 2024, expecting a fully diluted EPS of $(0.04) to $(0.08), which is below the $(0.05) estimate. Key figures include a gross margin of approximately 54.0%, an operating margin of 0.0%, net finance costs of $45-$50 million, and an effective tax rate of 38%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:59 am

M

Macy's has updated its 2024 revenue guidance, adjusting the range from $22.2 billion-$22.9 billion to $22.3 billion-$22.9 billion.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:58 am

AZO

AutoZone reported a 0.9% increase in total company same-store sales for Q3, while domestic same-store sales remained flat.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:57 am

AS

Amer Sports has updated its FY24 guidance, projecting fully diluted EPS towards the high end of $0.30 to $0.40, despite a $0.03-$0.04 negative impact from non-recurring finance costs in 1Q24. The company expects mid-teens revenue growth, a gross margin of approximately 54%, and an operating margin between 10.5% and 11%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:57 am

AZO

AutoZone (NYSE:AZO) reported Q3 2024 earnings per share (EPS) of $36.69, beating the analyst consensus estimate of $36.20 by 1.35%. However, the company's quarterly sales of $4.235 billion missed the analyst consensus estimate of $4.298 billion by 1.46%. This represents a 3.52% increase over sales of $4.091 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:56 am

AS

Amer Sports (NYSE:AS) reported Q1 earnings of $0.08 per share, up from $0.07 per share year-over-year. The company also reported sales of $1.18 billion, an increase from $1.050 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:52 am

CRAK

IEO

PSX

Phillips 66 (NYSE:PSX) is acquiring Pinnacle Midland Parent LLC for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The acquisition includes the Dos Picos natural gas system and is expected to close by mid-2024. Phillips 66 aims to strengthen its Midstream business and create sustainable value for shareholders. The company recently reported first-quarter FY24 revenue of $36.436 billion, exceeding expectations, but missed on adjusted EPS. Investors can gain exposure to Phillips 66 through IShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) and VanEck Oil Refiners ETF (NYSE:CRAK).

Portfolio Pulse from Lekha Gupta

May 21, 2024 | 10:49 am

CEIX

CONSOL Energy Inc. (NYSE:CEIX) has resumed coal shipments from its Marine Terminal in Baltimore after a shutdown caused by the collapse of the Francis Scott Key bridge. The first shipment departed Monday night.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:48 am

AZN

AstraZeneca shares are trading higher after the company announced its target of $80 billion in Total Revenue by 2030.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:37 am

BYND

IWO

JACK

VDC

Beyond Meat Inc. (NASDAQ:BYND) faces challenges as Carl's Jr. and Del Taco, owned by Jack In The Box Inc. (NASDAQ:JACK), remove its products due to declining consumer interest. Despite a recent stock rally, Beyond Meat's first-quarter revenue fell 18% year-over-year. Investors can gain exposure via Vanguard Consumer Staples ETF (NYSE:VDC) and iShares Russell 2000 Growth ETF (NYSE:IWO).

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 10:35 am