Streetbeat News

Stock Prices

SWBI

Smith & Wesson Brands (NASDAQ:SWBI) reported Q2 adjusted earnings of $0.14 per share, meeting analyst estimates, but marking a 46.15% decrease from the previous year. Quarterly sales reached $125.00M, slightly surpassing the $123.90M estimate and showing a 3.28% increase from the prior year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:09 pm

SMAR

Smartsheet Inc. (SMAR) exceeded Q3 earnings and sales estimates, with an adjusted EPS of $0.16, surpassing the $0.09 forecast, and sales of $245.92M, beating the $241.69M estimate. This represents a significant improvement from the previous year's loss of $(0.01) per share and a 23.22% increase in sales from $199.58M.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:08 pm

LULU

Lululemon anticipates adjusted earnings per share (EPS) for fiscal year 2023 to be between $12.34 and $12.42, with net revenue projected to be between $9.549 billion and $9.584 billion.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:08 pm

SEAT

Vivid Seats Inc (NASDAQ:SEAT) stock dropped 16.9% to $6.76 after announcing a secondary underwritten public offering. A selling stockholder is offering 18.5 million Class A shares with an option for an additional 2.775 million shares. Vivid Seats will not receive proceeds from the sale. Citigroup, Morgan Stanley, and BofA Securities are the joint book-running managers. The stock has a 52-week range of $5.58 to $9.89.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 9:07 pm

LULU

Lululemon has projected its Q4 net revenue to be between $3.135B and $3.170B, which is slightly below the estimated $3.18B.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:06 pm

DOCU

DocuSign (NASDAQ:DOCU) exceeded analyst expectations for Q3 with an EPS of $0.79, surpassing the estimate of $0.63 by 25.4%, and a 38.6% increase from last year's EPS. Sales reached $700.42M, a 1.49% beat over the $690.13M estimate and an 8.51% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:05 pm

LULU

Lululemon Athletica reported Q3 adjusted earnings of $2.53 per share, surpassing the $2.28 estimate, a 26.5% increase from last year. Sales reached $2.20B, slightly above the $2.19B estimate, marking an 18.69% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:05 pm

SLDB

Solid Biosciences Inc. (NASDAQ:SLDB) shares surged over 75% after the company announced it received Fast Track Designation from the FDA for its Duchenne muscular dystrophy gene therapy candidate, SGT-003. This follows the IND clearance received in mid-November. The stock closed up 68.4% at $5.76, with trading volume significantly higher than the average.

Portfolio Pulse from Ryan Gustafson

December 07, 2023 | 9:05 pm

HCP

HashiCorp (NASDAQ:HCP) exceeded Q3 earnings and sales estimates, reporting EPS of $0.03, beating the $(0.04) estimate, and sales of $146.13M, surpassing the $143.24M estimate. This reflects a significant increase from the previous year's losses and lower sales.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:04 pm

BK

DG

ETSY

PNC

SHOP

SQ

TFC

Marc Chaikin of Chaikin Analytics recommends selective investment in retail-related stocks and conservative banks for a year-end rally. He favors Etsy, Shopify, and Block in e-commerce and retail payments, suggesting immediate purchase of Etsy and Block, but advises waiting for a better entry point for Shopify. Chaikin also recommends PNC Financial Services, Bank of New York Mellon, and Truist Financial in the banking sector, highlighting their potential due to a favorable interest rate environment. He warns against investing in Dollar General, tech stocks, and healthcare at the moment.

Portfolio Pulse from Neil Dennis

December 07, 2023 | 9:03 pm