Streetbeat News

Revenues

ZM

Zoom Video Communications (NASDAQ:ZM) reported Q1 total revenue of $1.11 billion, up 3% YoY, beating the Street estimate of $1.08 billion. EPS was $1.16, surpassing the consensus estimate of 99 cents. Enterprise revenue increased 13% YoY to $632 million, while online revenue declined 8% YoY to $473.4 million. The company raised its guidance for Q2 and the full fiscal year.

Portfolio Pulse from Chris Katje

May 22, 2023 | 8:26 pm

ZM

Zoom Video Communications reports a 23% YoY increase in the number of customers contributing more than $100,000 in trailing 12 months revenue.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 8:07 pm

LUNA

Needham analyst Alex Henderson initiated coverage on Luna Innovations Inc (NASDAQ:LUNA) with a Buy rating and a $10 price target. Henderson cites LUNA's focus on fiber technology diagnostics, collaborations with Lockheed Martin, Airbus, and Intuitive Surgical, and growth in EV battery products as reasons for optimism.

Portfolio Pulse from Lekha Gupta

May 22, 2023 | 7:09 pm

LSDI

Lucy Scientific Discovery Inc. (NASDAQ:LSDI) has launched a new Amanita Muscaria mushroom-based product line called Mindful, aimed at enhancing wellbeing and promoting a mindful approach to life. The products are available through the company's online store, retail channels, and third-party platforms.

Portfolio Pulse from Lara Goldstein

May 22, 2023 | 4:51 pm

BHG

Morgan Stanley has retracted its price target headline on BHG.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:52 pm

CVX

UNG

USO

Chevron expects global demand for natural gas to grow faster than oil, driven by the need for cleaner energy sources and the increasing use of gas in power generation. The company plans to focus on gas projects to capitalize on this trend.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:28 pm

H

Hyatt Hotels (NYSE:H) reported a loss in earnings of $58 million in Q1, while sales increased by 5.79% to $1.68 billion. The company posted a return on invested capital (ROIC) of 1.12%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 2:50 pm

BA

ESYJY

EXPE

RYAAY

Ryanair reported a near-record annual profit of €1.4 billion, bouncing back from a €355m loss the previous year. The company has spent $40 billion on 300 new aircraft from Boeing and aims to transport 300 million passengers annually by 2034. Despite inflation, European consumers are prioritizing travel.

Portfolio Pulse from Upwallstreet

May 22, 2023 | 2:20 pm

DIS

A Disney executive stated at the JPM conference that recent political events have not impacted the company's business results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:53 pm

F

Ford Motor's executive announced that the company aims to triple its commercial software subscription rate, focusing on expanding its software services.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:41 pm