Streetbeat News

Revenues

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) reported Q3 revenue of $2.5 billion, beating the consensus estimate of $2.47 billion. Earnings per share were $11.36, surpassing analyst estimates of $10.55. Comparable restaurant sales increased by 5% YoY, largely due to higher transactions. Digital sales accounted for 36.6% of food and beverage revenue. The company opened 62 new restaurants in the quarter, 54 of which included a Chipotlane. Chipotle expects full-year 2023 comparable restaurant sales growth in the mid to high-single-digit range and plans to open 255 to 285 new locations in 2023 and 285 to 315 in 2024.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 8:26 pm

SKX

Sketchers has provided its Q4 and FY23 outlook, expecting lower earnings per share and revenue than previously estimated. For Q4, the company anticipates sales between $1.91 billion and $2.01 billion and EPS between $0.40 and $0.50. For FY23, it expects sales between $7.95 billion and $8.05 billion and EPS between $3.33 and $3.43. The company also reported an increase in total store count from 4,537 to 4,992.

Portfolio Pulse from Happy Mohamed

October 26, 2023 | 8:16 pm

CMG

Chipotle Mexican Grill has reported a 5% increase in Q3 comparable restaurant sales.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:15 pm

ENPH

Enphase Energy Inc. has projected its Q4 revenues to be between $300M and $350M, which is significantly lower than the street estimate of $601.24M.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:09 pm

AMZN

Amazon's AWS sales for Q3 2023 have been reported at $23.1 billion.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:02 pm

AMZN

Amazon reported revenues of $143.1B, surpassing the estimated $141.42B.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:01 pm

FDX

UPS

FedEx Corp (FDX) shares are trading lower by 3.4% in sympathy with United Parcel Service, Inc. (UPS), which reported a 12.8% YoY revenue decline in Q3 2023 and lowered its full-year 2023 consolidated revenue guidance. The weaker outlook for UPS could be interpreted as a sign of broader economic challenges, which could negatively impact FedEx's stock.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 7:48 pm

NOW

ServiceNow, Inc. (NYSE:NOW) has received positive reviews from analysts at BMO Capital Markets and Stifel following its Q3 earnings report. The company beat estimates with earnings of $2.92 per share and revenues of $2.29 billion. Analysts have raised their price targets and future revenue and EPS estimates, citing strong growth in the government sector and potential for sustained growth in its core ITSM market and new product areas.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2023 | 7:36 pm

CMCSA

DIS

Comcast has reported a decrease in content licensing revenue and expects programming and production costs at its Studios segment to continue in the near term. The company also anticipates work stoppages to result in reduced programming and production costs at its Media segment in the near term, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:14 pm

CX

Cemex SAB de CV (NYSE:CX) reported a Q3 revenue increase of 9% Y/Y to $4.571 million, beating the consensus of $4.489 billion. The results were driven by strong pricing across all markets, decelerating input cost inflation, and contributions from growth investment strategy. However, volumes declined 4% Y/Y in cement and ready-to-mix segments. EBITDA rose 32% Y/Y to $910 million, and net sales in the U.S. operations rose 5% Y/Y. The company also reported progress on its decarbonization roadmap.

Portfolio Pulse from Lekha Gupta

October 26, 2023 | 5:41 pm