CAVA Group Analysts Boost Their Forecasts After Upbeat Earnings

CAVA Group, Inc. (NYSE:CAVA) reported better-than-expected first-quarter earnings and increased FY24 guidance on Tuesday. Cava’s first-quarter revenue increased 30.3% year-over-year to $256.3 million, which beat the consensus estimate of $245.935 million, according to Benzinga Pro. The Mediterranean fast-casual restaurant chain company reported quarterly earnings of 12 cents per share, which beat analyst estimates of 5 […]

Elon Musk Mocks Meta AI Chief After Yann LeCun Defines What Cannot Be Called Science: ‘One Of The Dumbest Things Anyone Has Ever Said’

Tesla and SpaceX CEO Elon Musk and Meta Platforms Inc.’s AI chief Yann LeCun’s public spat that re-started on Monday, ignited once again the following day when the tech behemoths clashed over the definition of science. What Happened: On Tuesday, LeCun responded to a user on X, formerly Twitter, stating, “Well, if it’s not published, it’s definitely not science.” Musk fired […]

Assessing Amazon.com’s Performance Against Competitors In Broadline Retail Industry

In today’s rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Amazon.com (NASDAQ:AMZN) against its key competitors in the Broadline Retail industry. By analyzing important financial metrics, market position, and growth prospects, we aim […]

Why Is Pet Care Focused Petco Stock Trading Higher On Wednesday?

Petco Health and Wellness Company Inc. (NASDAQ:WOOF) reported first-quarter net revenue of $1.53 billion, down 1.7% year over year. This is almost in line with the consensus of $1.5 billion and management guidance of around $1.5 billion. Comparable sales declined 1.2% year over year and increased 4.1 percent on a two-year basis. On an as-reported basis, the company’s consumables […]

Nvidia Tops Hedge Fund Buys as Interest in AI Stocks Fuel Market Gains: Bloomberg

Nvidia Corp (NASDAQ:NVDA) saw the most significant increase in market value among stocks held by hedge funds in the first quarter, despite these funds’ overall net sales of shares.  As hedge funds continued to adjust their portfolios amidst rising interest in artificial intelligence, they also increased their holdings in other leading AI companies such as Amazon.Com Inc (NASDAQ:AMZN), Meta […]

Bitcoin Miner TeraWulf Reports Worse-Than-Expected Q1 Results

TeraWulf Inc. (NASDAQ:WULF) reported its first-quarter financial results after the bell Monday. Here’s a look at the details.  The Details: Bitcoin mining company, TeraWulf, reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of earnings of 4 cents per share. Quarterly revenue came in at $42.433 million, missing the analyst […]

Elon Musk Announces $500M Investment In Tesla’s Supercharger Network Expansion In 2024

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has announced plans to invest over $500 million in expanding the company’s Supercharger network this year. What Happened: Musk, in a post on Friday, reiterated Tesla’s commitment to expanding its Supercharger network despite recent layoffs and a shift in strategy. “Just to reiterate: Tesla will spend well over […]

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CAVA Group Analysts Boost Their Forecasts After Upbeat Earnings

May 29, 2024

CAVA Group, Inc. (NYSE:CAVA) reported better-than-expected first-quarter earnings and increased FY24 guidance on Tuesday. Cava’s first-quarter revenue increased 30.3% year-over-year to $256.3 million, which beat the consensus estimate of $245.935 million, according to Benzinga Pro. The Mediterranean fast-casual restaurant chain company reported quarterly earnings of 12 cents per share, which beat analyst estimates of 5 […]
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