Streetbeat News

Revenues

DRI

Darden Restaurants reported Q4 sales of $2.769 billion.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 11:34 am

ASLN

ASLAN Pharmaceuticals has entered a licensing deal with Zenyaku Kogyo for the development and commercialization of Eblasakimab in Japan. ASLAN will receive $15M in upfront and near-term payments and up to $123.5M in milestones.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 11:32 am

MEI

Methode Electronics (MEI) maintains its FY25 net sales forecast of $1.25 billion to $1.35 billion.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:10 am

FDS

FactSet has updated its FY23 guidance, now expecting revenue at the lower end of $2.08B-$2.10B, compared to the previous estimate of $2.09B. The company also adjusted its EPS guidance to $14.75 - $15.15, up from the prior range of $14.50 - $14.90.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:06 am

DRI

Darden Restaurants forecasts FY24 revenue of $11.5B - $11.6B and adjusted EPS of $8.55 - $8.85.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:03 am

ACN

Accenture has updated its Q4 2023 revenue guidance to $15.75B-$16.35B, a 2%-6% increase in local currency, and reduced its FY23 revenue growth to 8%-9% from the previous 8%-10%. The company now expects GAAP diluted EPS of $10.94-$11.05 and adjusted EPS of $11.52-$11.63.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:52 am

QSR

Restaurant Brands International (QSR) announced the opening of the first Firehouse Subs restaurant in Zurich, Switzerland, and the signing of a development agreement to expand into Mexico.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:03 am

META

Meta Platforms Inc (NASDAQ:META) reported Q1 FY23 results, with over 3 billion daily users across its services. The company saw a 26% YoY increase in ad impressions, the highest growth rate since FY20. Time spent on Instagram increased by over 20% since the launch of Reels.

Portfolio Pulse from The Science Of Hitting

June 21, 2023 | 9:00 pm

OSW

Loop Capital analyst Laura Champine upgraded OneSpaWorld Holdings Limited (NASDAQ:OSW) to a Buy from Hold, with a price target of $13. The company's revenue growth is driven by average weekly revenue per ship, expected to grow by 20% in Q2 and 11% for the entire year. OneSpaWorld has exclusive contracts with major U.S. cruise lines, and its stock performance is disconnected from its fundamentals, creating a solid entry point for investors.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2023 | 6:36 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are trading higher by 13.64% to $1.50 on heavy volume, following the company's recent update on its business optimization efforts. Nikola aims to lower its annual cash usage to below $400 million by 2024 and restructure its workforce, resulting in an anticipated annual cash savings exceeding $50 million.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 2:32 pm