Streetbeat News

Revenues

MDB

MongoDB expects Q2 2024 revenue to be between $388M and $392M, significantly higher than the estimated $361.59M.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:12 pm

CHPT

ChargePoint expects Q2 revenue of $148M-$158M, a 41% increase YoY, but below the $165.29M estimate. The company is unable to present a reconciliation of its forward-looking Non-GAAP Adjusted EBITDA Loss projection to the corresponding GAAP measure.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:10 pm

ZUMZ

Zumiez reported a 12.8% decrease in net sales for the four-week period ended May 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:09 pm

BARK

Bark, a pet care company, projects its FY24 revenue to be flat or decline by up to 5% YoY.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:07 pm

BARK

Bark, a pet products company, projects Q1 2024 revenue of $121M-$123M, lower than the estimated $126.95M. The company also expects an adjusted EBITDA of $(11M)-$(10M).

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 8:06 pm

BAC

SPY

Bank of America CEO Brian Moynihan reports that US consumer spending is slowing, with restaurant spending down to 3% YoY growth from 17%. He also states that the Fed has 'won the battle' by slowing consumer spending and expects loan growth to be flat this quarter.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 6:52 pm

SOUN

SoundHound's research study reveals that 2/3 of new car buyers will regularly use in-car voice AI. The data is sourced from their 2023 Automotive Generative AI Research Study.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 6:31 pm

DRI

Wedbush analyst Nick Setyan reiterated an Outperform rating on Darden Restaurants Inc (NYSE:DRI) and raised the price target from $165 to $175. FQ4 Olive Garden checks indicate same-store-sales growth of at least 4.7%, with improved guest counts, off-premise sales, and staffing levels. The analyst also raised LongHorn same-store sales growth estimate to 5% from 4%.

Portfolio Pulse from Shivani Kumaresan

June 01, 2023 | 6:20 pm

CRDO

Credo Technology Group reported better-than-expected Q4 revenue results and issued Q1 revenue guidance above estimates, leading to multiple analysts raising their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 4:54 pm

MRMD

MariMed (OTCQX: MRMD) CEO Jon Levine discusses the company's focus on quality and fiscal prudence in the cannabis industry, emphasizing the importance of serving both medical and recreational consumers. The company operates in six states and Puerto Rico, offering a variety of house brands and products.

Portfolio Pulse from Nina Zdinjak

June 01, 2023 | 4:15 pm