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SG

Sweetgreen, Inc. (NYSE:SG) shares dropped by around 10% following the release of its Q2 2023 results. The company reported a 22% Y/Y increase in revenues to $152.5 million, falling short of the consensus estimate of $156.7 million. Adjusted EBITDA was $3.3 million, compared to $(7.8) million a year ago, and adjusted EPS of $(0.20) missed the consensus of $(0.16). The company reaffirmed its revenue guidance for the year and raised its outlook for adjusted EBITDA and restaurant-level profit margin.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 10:30 am

BTCUSD

The article discusses a 2017 episode of 'The Big Bang Theory' where the characters find a laptop containing Bitcoin. The episode aired when Bitcoin was worth around $5,000. If someone had invested $100 in Bitcoin at that time, their investment would now be worth approximately $297.94, a 197.94% return. Currently, Bitcoin is trading at $29,136.

Portfolio Pulse from Mehab Qureshi

July 28, 2023 | 10:23 am

CRI

Carter's, Inc. (CRI) has adjusted its H2 sales and earnings forecasts due to the Federal Reserve's efforts to reduce inflation and slow consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:23 am

CVX

Chevron (NYSE:CVX) reported Q2 earnings of $3.08 per share, beating the analyst consensus estimate of $2.97 by 3.7%. However, this is a 47.08% decrease from the same period last year. The company also reported quarterly sales of $48.90 billion, beating the estimate of $48.00 billion by 1.87%, but this is a 28.89% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:21 am

CRI

Carter's has revised its FY23 net sales forecast from $3.0B to a range of $2.95B-$3.00B, slightly below the consensus estimate of $3B. The company posted $3.21B in net sales for FY22.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:19 am

CVX

Chevron (NYSE:CVX) reported Q2 earnings of $3.08 per share, missing the analyst consensus estimate of $3.28 by 6.1%. This is a 47.08% decrease from the same period last year. The company's quarterly sales of $48.90 billion beat the analyst consensus estimate of $48.80 billion by 0.20%, but this is a 28.89% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:16 am

CRI

Carter's, Inc. (CRI) has projected its Q3 net sales to be between $770M and $790M, which is slightly below the consensus estimate of $789.07M. The company also expects its adjusted EPS to be between $1.45 and $1.55, lower than the consensus estimate of $1.75.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:16 am

AVTR

Avantor (NYSE:AVTR) reported Q2 earnings of $0.28 per share, missing the analyst consensus estimate of $0.29 by 3.45%. This is a 24.32% decrease from the same period last year. The company also reported quarterly sales of $1.74 billion, missing the analyst consensus estimate of $1.80 billion by 3.28%, a decrease of 8.95% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:06 am

EBAY

LUV

MSFT

TSLA

The S&P 500 and Dow Jones closed lower on Thursday, with the S&P 500 experiencing increased volatility following the release of faster-than-expected GDP data. eBay and Southwest Airlines shares fell after reporting Q2 results, while Microsoft and Tesla also contributed to the Nasdaq 100's decline. The CBOE Volatility Index rose 9.3%.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 9:55 am

LUV

Raymond James analyst Savanthi Syth has downgraded Southwest Airlines from Strong Buy to Outperform and lowered the price target from $47 to $40.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 9:38 am