Streetbeat News

Revenues

DRI

Darden Restaurants (NYSE:DRI) reported Q3 2024 earnings of $2.62 per share, meeting analyst estimates, but missed revenue expectations with $2.975 billion against a forecast of $3.025 billion, a 1.65% miss. This represents a 6.78% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:03 am

GAMB

Gambling.com has projected its 2024 revenues to be between $129M and $131M, surpassing the estimated $120.61M.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:02 am

GLD

SPY

USO

UUP

Global markets saw gains with the S&P 500, Dow Jones, and Nasdaq all closing higher after the Federal Reserve announced it would keep borrowing costs stable and hinted at possible rate cuts. Gold surged to a record high, crossing $2,200. Asian and European markets also experienced gains, with notable increases in Japan's Nikkei 225 and Australia's S&P/ASX 200. U.S. crude oil stocks fell unexpectedly, and the U.S. Dollar Index dropped.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 10:54 am

CTM

Castellum (AMEX:CTM) reported Q4 sales of $11.09M, missing the analyst consensus estimate of $12.30M by 9.84%, but marking a 10.62% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:52 am

SCVL

Shoe Carnival forecasts Fiscal 2024 net sales of $1.21B-$1.25B, slightly below the $1.23B consensus, with comparable store sales expected to decrease by 3%-1% YoY. The company anticipates adjusted EPS of $2.55-$2.75, under the $2.84 consensus. Growth is expected from the Rogan's acquisition, Shoe Station banner, and e-commerce, despite a projected increase in SG&A expenses and a higher income tax rate.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:21 am

BCS

Barclays PLC (NYSE:BCS) is set to cut hundreds of jobs in its investment banking division as part of its annual review process, aiming to dismiss underperformers. This move follows a challenging year for dealmaking in the banking industry and is part of Barclays' strategy to focus on expanding its higher-returning consumer bank. The bank also plans to save costs and boost profitability by reducing up to 2,000 jobs. Despite a 3% year-over-year decrease in total income for Q4 FY23, Barclays is optimistic about its 2024 projections, including a notable NII for Barclays UK. Additionally, Barclays has increased the purchase price for certain cash tender offers.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 10:19 am

SNDL

SNDL reported Q4 sales of $182.55M, surpassing the $178.85M estimate, marking a 2.07% beat but reflecting a 24.07% decrease from the previous year's $240.41M.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:11 am

RMTI

Rockwell Medical forecasts FY2024 sales to be between $84M-$88M, below the consensus estimate of $98.01M. The company anticipates a gross margin of 14%-16% and expects to achieve profitability on an adjusted EBITDA basis for the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:06 am

BABA

EWU

Alibaba.com has seen a significant increase in the number of UK SME buyers at the March Expo 2024, indicating a shift towards digital sourcing channels. A survey of 500 UK SME decision makers revealed that 51% now source via online B2B marketplaces, highlighting Alibaba.com's role in providing access to a global product catalogue.

Portfolio Pulse from Charles Gross

March 21, 2024 | 9:33 am

EWU

The S&P Global/CIPS U.K. Composite Purchasing Managers' Index (PMI) for the preliminary report came in at 52.9, slightly below the estimated 53.1 and the previous 53.0. This indicates a marginal slowdown in the U.K.'s economic activity.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 9:33 am