Streetbeat News

Revenues

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

DAL

LE

Lands' End reported Q1 sales increase of 1.9% YoY to $309.56 million and a narrowed EPS loss of $(0.05). U.S. eCommerce revenue increased by 1.6%, while international eCommerce revenue decreased by 42.5%. Outfitters net revenue increased by 37.1% YoY, driven by inventory sales to Delta Air Lines.

Portfolio Pulse from Nabaparna Bhattacharya

June 01, 2023 | 4:08 pm

IZEA

IZEA Worldwide, Inc. has been awarded a mid-six-figure contract to promote a national specialty retailer through influencer marketing across multiple social media platforms in 2023. The company has seen an increase in bookings over the past three months, with May being the strongest month for Managed Services.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 3:06 pm

BYDDY

Chinese EV maker BYD Company reported a 108.4% YoY increase in production to 246,259 vehicles in May 2023, with sales jumping 109% to 240,220 vehicles. Battery electric vehicle production and sales also saw significant growth.

Portfolio Pulse from Shivani Kumaresan

June 01, 2023 | 2:50 pm

BABA

Alibaba shares are trading higher by 2.16% to $81.29 despite concerns over China's economic recovery and a potential COVID wave. The manufacturing PMI dropped to 48.8, indicating a contraction, and COVID infections could reach 65 million cases per week by the end of June.

Portfolio Pulse from Henry Khederian

June 01, 2023 | 2:29 pm