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CTRN

Citi Trends has revised its FY24 outlook, lowering its comparable store sales growth projection to low to mid-single digits from mid-single digits. The company expects gross margin expansion of 75-100 basis points and a slight increase in SG&A expenses. EBITDA remains unchanged, and the company plans to open up to 5 new stores, remodel 40 stores, and close 10-15 underperforming stores.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:54 am

TCOM

Trip.com shares are trading lower following the announcement of a proposed offering of $1.3 billion in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:51 am

HDB

HDFC Bank shares are trading lower as Indian stocks fall amid early results from India's general election.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:50 am

DBI

Designer Brands shares are trading lower following Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:49 am

CTRN

Citi Trends (NASDAQ:CTRN) reported Q1 losses of $(0.32) per share, beating the analyst estimate of $(0.35). Sales were $186.29M, slightly missing the $187.37M estimate. Compared to last year, losses improved by 51.52% and sales increased by 3.67%.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:48 am

BRK.A

GOLD

SPY

USO

On June 3rd, U.S. stock markets showed mixed results with the S&P 500 and Nasdaq gaining modestly, while the Dow Jones declined. A technical glitch at the NYSE caused fluctuations in Berkshire Hathaway and Barrick Gold shares. U.S. construction spending and ISM manufacturing PMI data were disappointing. Asian and European markets mostly declined, with significant drops in Indian stocks due to election uncertainties. Crude oil prices fell due to OPEC+ production signals and economic concerns.

Portfolio Pulse from Akanksha Bakshi

June 04, 2024 | 10:47 am

DBI

Designer Brands reported Q1 adjusted EPS of $0.08 and sales of $746.60 million, both beating estimates. The sales estimate was $739.29 million.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:46 am

IBN

ICICI Bank shares are trading lower as Indian stocks fall amid early results from India's general election.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:44 am

CLNE

Clean Energy Fuels Corp. (NASDAQ:CLNE) has expanded its renewable natural gas (RNG) fueling footprint in Southern California by opening two new stations in San Bernadino and Perris. These stations will provide heavy-duty trucks and fleet vehicles with access to RNG, a low carbon-intensity fuel that significantly reduces greenhouse gas emissions.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:37 am

PNM

PNM Resources expects to affirm its 2024 consolidated ongoing EPS guidance of $2.65 - $2.75, with an estimate of $2.69.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:35 am