Streetbeat News

Stock Prices

ARW

Arrow Electronics has projected its Q4 revenue to be between $7.50 billion and $8.10 billion, which is lower than the estimated $8.15 billion.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:04 pm

AAPL

BBY

Apple Inc.'s new M3 MacBook Pro is already discounted by $100 on Best Buy Co Inc., merely two days after its launch. The discount is applicable on all configurations and is offered to My Best Buy Plus or Total members, both existing and new.

Portfolio Pulse from Rounak Jain

November 02, 2023 | 12:02 pm

SBUX

Starbucks executive announced during a conference call that the company expects its FY24 revenue growth to be at the lower end of the 10% - 12% range. The company also continues to expect FY24 GAAP and non-GAAP EPS growth to be in the 15% - 20% range.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:02 pm

TOL

Seaport Global analyst Mark Weintraub has upgraded Toll Brothers (NYSE:TOL) from Neutral to Buy and set a price target of $93.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:56 am

ATI

ATI expects to generate significant cash from operations in Q4 due to improvements in managed working capital.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:55 am

FXI

SBUX

During a conference call, a Starbucks executive stated that the company expects its comparable sales in China to be in the range of 4% to 6% for Q2 through Q4 of FY2024.

Portfolio Pulse from Charles Gross

November 02, 2023 | 11:55 am

CROX

Crocs has lowered its FY23 outlook, now expecting revenue of $3.905B-$3.94B, down from the previous estimate of $4.00B-$4.06B. The adjusted EPS is now expected to be $11.55-$11.85, down from the prior $11.83-$12.22. The company also expects an adjusted operating margin of approximately 27%. The revenue growth for the Crocs brand is expected to be 12%-13%, while the HEYDUDE brand is expected to grow 4%-6%. Capital expenditures are expected to be approximately $125-$135 million.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:53 am

SBUX

During a conference call, a Starbucks executive stated that the company expects its global comparable growth to be between 5% and 7% for the fiscal year 2024.

Portfolio Pulse from Charles Gross

November 02, 2023 | 11:52 am

ITCI

Intra-Cellular Therapies has increased its 2023 net product sales guidance for CAPLYTA from $445M-$465M to $460M-$470M.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:51 am

BR

Broadridge Financial Solutions has reiterated its FY24 financial guidance, maintaining its recurring revenue growth constant currency at 6%-9% and adjusted EPS growth at 8%-12%. The estimates are in line with the market expectations of $6.53B and $7.64 respectively.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:49 am