{"id":68143,"date":"2023-05-23T08:57:51","date_gmt":"2023-05-23T12:57:51","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=68143"},"modified":"2023-05-23T08:57:51","modified_gmt":"2023-05-23T12:57:51","slug":"coffee-with-greta-waiting-for-a-deal","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/05\/23\/coffee-with-greta-waiting-for-a-deal\/","title":{"rendered":"Coffee With Greta: Waiting For A Deal"},"content":{"rendered":"

DJIA Futures: <\/b>-51 (-0.2%)<\/span><\/p>\n

SPX Futures: <\/b>-9 (-0.2%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-46 (-0.3%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are slipping as traders remain on edge over debt ceiling negotiations.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Still No Debt Ceiling Deal<\/span><\/h2>\n

There is still no deal to raise the debt ceiling after President Biden met with House Speaker Kevin McCarthy on Monday.\u00a0<\/span><\/p>\n

McCarthy told reporters that Monday\u2019s meeting was \u201cproductive\u201d and \u201cprofessional\u201d.\u00a0<\/span><\/p>\n

He said, \u201cI think the tone tonight was better than any other night we\u2019ve had discussions.\u201d<\/span><\/p>\n

Both teams of negotiators reportedly reconvened overnight to come up with a compromise deal.\u00a0<\/span><\/p>\n

McCarthy said,\u00a0 \u201cThe president and I know the deadline, so I think we\u2019re going to talk every day … until we get this done.\u201d<\/span><\/p>\n

The deadline to raise the debt limit is June 1.<\/span><\/p>\n

Lowe\u2019s Drops After Cutting Outlook<\/span><\/h2>\n

Lowe\u2019s <\/b>(LOW) shares are falling 1.6% ahead of the open after cutting its full-year outlook despite beating Q1 expectations on the top and bottom line.<\/span><\/p>\n

Here\u2019s how the home improvement retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $3.67 vs $3.44 expected<\/span><\/li>\n
  • Revenue: $22.35 billion vs $21.6 billion expected\u00a0<\/span><\/li>\n<\/ul>\n

    Comparable sales dropped 4.3% year over which was higher than the 3.4% decline analysts were expecting.\u00a0<\/span><\/p>\n

    Lowe\u2019s now expects full-year sales to range between $87 billion and $89 billion vs the previous forecast for $88 billion to $90 billion.\u00a0<\/span><\/p>\n

    The company also expects adjusted EPS of $13.20 to $13.60 vs $13.60 to $14.00 previously.\u00a0<\/span><\/p>\n

    Dick\u2019s Sporting Goods Beats Q1 Estimates<\/span><\/h2>\n

    Dick\u2019s Sporting Goods <\/b>(DKS) shares are up 2.6% in premarket trade after beating Q1 estimates on the top and bottom line.\u00a0<\/span><\/p>\n

    Here\u2019s how the sporting goods retailer\u2019s results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $3.40 vs $3.18 expected<\/span><\/li>\n
    • Revenue: $2.842 billion vs $2.799 billion expected<\/span><\/li>\n<\/ul>\n

      Same-store sales jumped 3.4% year over year.\u00a0<\/span><\/p>\n

      Dick\u2019s reaffirmed its full-year outlook for EPS between $12.90 and $13.80 vs $13.38 expected by analysts.\u00a0<\/span><\/p>\n

      Zoom Slips Despite Earnings Beat<\/span><\/h2>\n

      Zoom Video Communications <\/b>(ZM) shares are falling 1.4% before the opening bell despite beating fiscal Q1 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

      Here\u2019s how the video calling platform\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

        \n
      • Adjusted EPS: $1.16 vs $0.99 expected<\/span><\/li>\n
      • Revenue: $1.11 billion vs $1.08 billion expected<\/span><\/li>\n<\/ul>\n

        Zoom also hiked its Q2 and full-year outlooks after the beat.\u00a0<\/span><\/p>\n

        The company now expects Q2 adjusted EPS of $1.04 to $1.06 on $1.11 billion to $1.12 billion expected.\u00a0<\/span><\/p>\n

        That topped analysts\u2019 estimates for adjusted EPS of $1.05 on $1.11 billion in revenue.\u00a0<\/span><\/p>\n

        Zoom forecast full-year adjusted EPS of $4.25 to $4.31 on $4.47 billion to $4.49 billion in revenue vs EPS of $4.21 on $4.45 billion in revenue expected.\u00a0<\/span><\/p>\n

        The CEO said, \u201cThe solid start to the year has enabled us to raise our outlook for fiscal-year 2024 while continuing to invest in innovations such as AI to help make interactions more meaningful and communications more effective.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: -51 (-0.2%) SPX Futures: -9 (-0.2%) NASDAQ Futures: -46 (-0.3%) Good morning friends! Futures are slipping as traders remain on edge over debt ceiling negotiations. Let\u2019s get right to it! Still No Debt Ceiling Deal There is still no deal to raise the debt ceiling after President Biden met with House Speaker Kevin McCarthy on Monday.\u00a0 McCarthy told reporters that Monday\u2019s meeting was \u201cproductive\u201d and \u201cprofessional\u201d.\u00a0 He said, \u201cI think the tone tonight was better than any other night we\u2019ve had discussions.\u201d Both teams of negotiators reportedly reconvened overnight to come up with a compromise deal.\u00a0 McCarthy said,\u00a0 \u201cThe president and I know the deadline, so I think we\u2019re going to talk every day … until we get this done.\u201d The deadline to raise the debt limit is June 1. Lowe\u2019s Drops After Cutting Outlook Lowe\u2019s (LOW) shares are falling 1.6% ahead of the open after cutting its full-year outlook despite beating Q1 expectations on the top and bottom line. Here\u2019s how the home improvement retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $3.67 vs $3.44 expected Revenue: $22.35 billion vs $21.6 billion expected\u00a0 Comparable sales dropped 4.3% year over which was higher than the 3.4% decline analysts were expecting.\u00a0 Lowe\u2019s now expects full-year sales to range between $87 billion and $89 billion vs the previous forecast for $88 billion to $90 billion.\u00a0 The company also expects adjusted EPS of $13.20 to $13.60 vs $13.60 to $14.00 previously.\u00a0 Dick\u2019s Sporting Goods Beats Q1 Estimates Dick\u2019s Sporting Goods (DKS) shares are up 2.6% in premarket trade after beating Q1 estimates on the top and bottom line.\u00a0 Here\u2019s how the sporting goods retailer\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $3.40 vs $3.18 expected Revenue: $2.842 billion vs $2.799 billion expected Same-store sales jumped 3.4% year over year.\u00a0 Dick\u2019s reaffirmed its full-year outlook for EPS between $12.90 and $13.80 vs $13.38 expected by analysts.\u00a0 Zoom Slips Despite Earnings Beat Zoom Video Communications (ZM) shares are falling 1.4% before the opening bell despite beating fiscal Q1 expectations on the top and bottom line.\u00a0 Here\u2019s how the video calling platform\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $1.16 vs $0.99 expected Revenue: $1.11 billion vs $1.08 billion expected Zoom also hiked its Q2 and full-year outlooks after the beat.\u00a0 The company now expects Q2 adjusted EPS of $1.04 to $1.06 on $1.11 billion to $1.12 billion expected.\u00a0 That topped analysts\u2019 estimates for adjusted EPS of $1.05 on $1.11 billion in revenue.\u00a0 Zoom forecast full-year adjusted EPS of $4.25 to $4.31 on $4.47 billion to $4.49 billion in revenue vs EPS of $4.21 on $4.45 billion in revenue expected.\u00a0 The CEO said, \u201cThe solid start to the year has enabled us to raise our outlook for fiscal-year 2024 while continuing to invest in innovations such as AI to help make interactions more meaningful and communications more effective.\u201d<\/p>\n","protected":false},"author":41,"featured_media":68147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-68143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=68143"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68143\/revisions"}],"predecessor-version":[{"id":68149,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68143\/revisions\/68149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/68147"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=68143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=68143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=68143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}