Market-Moving News for June 23rd
Portfolio Pulse from Benzinga Newsdesk
3M enters a broad class resolution to support PFAS remediation for public water suppliers with a commitment of up to $10.3B over 13 years. Smith & Wesson Brands reports Q4 adjusted earnings of $0.32, beating estimates, and increases dividend by ~20%. IonQ raises 2023 bookings expectations to $50M at midpoint, anticipating doubling bookings from the prior year.
June 23, 2023 | 12:34 pm
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NEGATIVE IMPACT
3M commits up to $10.3B over 13 years to support PFAS remediation for public water suppliers.
The commitment of up to $10.3B over 13 years for PFAS remediation may negatively impact 3M's short-term financials, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
IonQ raises 2023 bookings expectations to $50M at midpoint, anticipating doubling bookings from the prior year.
IonQ's raised 2023 bookings expectations may lead to a positive short-term impact on the stock price as investors react to the company's anticipated growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Smith & Wesson reports Q4 adjusted earnings of $0.32, beating estimates, and increases dividend by ~20%.
Smith & Wesson's better-than-expected Q4 earnings and increased dividend may lead to a positive short-term impact on the stock price as investors react to the strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100