Streetbeat News

Revenues

HQY

KeyBanc Capital Markets analyst Scott Schoenhaus reiterated an Overweight rating on HealthEquity, Inc. (NASDAQ:HQY) with an $85 price target. HealthEquity delivered better-than-expected Q1 earnings and revenues, and raised its FY24 revenue and Adj. EBITDA guidance. The analyst believes the company is well-positioned to grow revenue in the Health Savings Accounts markets and has a strong cash position.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2023 | 6:59 pm

NVRO

Oppenheimer analyst Suraj Kalia has reiterated an Outperform rating on Nevro Corp. (NYSE:NVRO) with a price target of $40, despite lowering FY23 and FY24 revenue and EPS estimates due to uncertainties in the company's core business. Nevro's 2Q revenue guidance was also reduced to $106 million-$108 million.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2023 | 6:56 pm

TSLA

Tesla shares are trading higher by 0.90% after announcing a 2.4% MoM growth in May China sales and a 141.6% YoY increase compared to May 2022. Citigroup reaffirmed a Neutral rating for the stock and increased its price target from $175 to $215.

Portfolio Pulse from Henry Khederian

June 06, 2023 | 6:11 pm

QMCO

Quantum Corporation reported Q4 FY23 revenue growth of 11% YoY to $105.34 million, beating consensus estimates. Adjusted EPS loss of $0.04 was in line with estimates. The company implemented a global efficiency plan to save $14 million annually by FY25. Q1 revenue guidance is lower than estimates.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2023 | 5:27 pm

WMT

Walmart's remodeled store locations saw a 10% reduction in apparel inventory, yet sales increased, according to a company executive at the TD Cowen Conference.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 4:28 pm

CSIQ

FSLR

JKS

RUN

SPWR

The EIA predicts that US solar generation in the summer of 2023 will grow by 24% compared to the previous year, potentially benefiting solar companies such as CSIQ, FSLR, JKS, RUN, and SPWR.

Portfolio Pulse from Charles Gross

June 06, 2023 | 4:27 pm

FHN

First Horizon forecasts a 6%-10% decrease in noninterest income for FY24, while expecting a 6%-9% increase in net interest income.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 4:05 pm

ATVI

MSFT

ActivisionBlizzard announced that Diablo 4 has become Blizzard's fastest-selling game of all time, indicating strong demand for the game.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 3:08 pm

TEVA

Teva Pharmaceuticals has been awarded a $64.35 million contract by the Department of Veterans Affairs for Glatiramer injections.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 2:35 pm

ABM

ABM Industries reported Q2 FY23 revenue growth of 4.5% Y/Y to $1.98 billion, missing the consensus of $2 billion. Adjusted EPS of $0.90 beat the consensus of $0.86. The company declared a cash dividend of $0.22 per common share. ABM reiterates guidance for adjusted EPS to $3.40 - $3.60 versus the consensus of $3.50.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 2:27 pm