Streetbeat News

Stock Prices

DOYU

DouYu International Holdings Limited (NASDAQ:DOYU) announced the arrest of CEO and Chairman Shaojie Chen by Chengdu police on November 16, 2023. The company has not received official details regarding the investigation or arrest reasons. DouYu acknowledges that Chen's detention and potential legal proceedings could materially impact its reputation, business, and operational results. Despite this, DouYu continues normal business operations and emphasizes regulatory compliance, with the Board and management focusing on contingency planning.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:58 am

BURL

Burlington Stores has reaffirmed its Q4 guidance, expecting total sales to rise by 5%-7%. Comparable store sales are projected to range from -2% to 0%, while adjusted EPS, excluding expenses, is forecasted to be between $3.10 and $3.25.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:57 am

BURL

Burlington Stores (NYSE:BURL) reported Q3 earnings with an EPS of $1.1, surpassing estimates by 11.11% against the expected $0.99. Revenue increased by $248 million from the same period last year. Despite beating EPS estimates last quarter, BURL's share price dropped by 0.37% the following day. Historical earnings performance shows mixed results with both beats and misses in previous quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:55 am

CAL

Caleres (NYSE:CAL) reported Q3 earnings with an EPS of $1.37, beating estimates by 6.2% but with a revenue decrease of $36.35 million from the same period last year. Last quarter's EPS beat resulted in a 4.01% share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:55 am

BURL

Burlington Stores has updated its FY23 guidance, expecting total sales to increase by approximately 11%, which is slightly lower than the previous forecast of 11%-12%. The company now anticipates an Adjusted EPS, excluding incremental expenses from the Bed Bath & Beyond leases, to be between $5.72 and $5.87, compared to the prior range of $5.60 to $5.90. Including these expenses, the Adjusted EPS is projected to be $5.52 to $5.67.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:54 am

AVGO

FXI

VMW

Shares of Broadcom (AVGO) and VMware (VMW) are experiencing volatility in premarket trading as traders react to a report that China's State Administration for Market Regulation has decided to approve Broadcom's acquisition of VMware with restrictive conditions.

Portfolio Pulse from Charles Gross

November 21, 2023 | 11:53 am

CAL

Caleres Inc. (NYSE:CAL) reported Q3 adjusted earnings per share (EPS) of $1.37, surpassing the analyst estimate of $1.29 by 6.2%. However, the company's sales for the quarter were $761.90 million, falling short of the expected $773.84 million by 1.54%. Compared to the same quarter last year, EPS increased by 19.13% from $1.15, while sales saw a 4.55% decline from $798.26 million.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:51 am

MDT

Medtronic (NYSE:MDT) reported Q2 earnings with an EPS of $1.25, beating estimates by 5.93% against the expected $1.18. Revenue increased by $399 million from the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 0.05% the following day. Historical earnings data shows a consistent pattern of surpassing EPS estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:50 am

MDT

Medtronic has raised its FY24 organic revenue growth guidance from 4.5% to 4.75%, signaling confidence in its growth trajectory.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:50 am

MDT

Medtronic has increased its FY24 adjusted EPS guidance to a range of $5.13-$5.19, up from the previous range of $5.08-$5.16. This new guidance is in line with the consensus estimate of $5.13.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:49 am