Streetbeat News

Earnings

VZ

Verizon Communications reported Q2 earnings of $1.21 per share, beating the analyst consensus estimate of $1.16 by 4.31%. However, this is a 7.63% decrease from the same period last year. The company's quarterly sales were $32.60 billion, missing the analyst consensus estimate of $33.28 billion by 2.04%, and marking a 3.52% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:01 am

LTH

Life Time Group Holdings has projected its Q3 revenues to be between $585 million and $595 million, which is below the consensus estimate of $601.75 million. For FY23, the company anticipates revenues between $2.235 billion and $2.265 billion, roughly in line with the consensus estimate of $2.24 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:01 am

ADM

Archer-Daniels Midland (NYSE:ADM) reported Q2 earnings of $1.89 per share, beating the analyst consensus estimate of $1.60 by 18.12%. However, this is a 12.09% decrease from last year's earnings. The company's quarterly sales of $25.19 billion missed the analyst consensus estimate of $25.90 billion by 2.74%, marking a 7.67% decrease from last year.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:00 am

RTX

Raytheon Technologies (RTX) has raised its FY23 outlook, citing accelerating demand in global commercial aerospace and strong defense spending. The company now expects sales of $73-74 billion, up from the previous estimate of $72-73 billion, and adjusted EPS of $4.95-$5.05, slightly up from the previous $4.90-$5.05. However, free cash flow is expected to decrease to $4.3 billion from $4.8 billion due to an issue requiring Pratt & Whitney to remove certain engines from service for inspection earlier than expected.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:58 am

LTH

Life Time Group Hldgs (NYSE:LTH) reported Q2 earnings of $0.08 per share, missing the analyst consensus estimate of $0.10 by 20%. However, the company's quarterly sales of $561.73 million beat the estimate of $556.34 million by 0.97%. This represents a 300% increase in earnings and a 21.78% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:56 am

RTX

Raytheon Technologies (NYSE:RTX) reported Q2 earnings of $1.29 per share, beating the analyst consensus estimate of $1.18 by 9.32%. This is an 11.21% increase from the same period last year. The company also reported quarterly sales of $18.32 billion, beating the analyst consensus estimate of $17.68 billion by 3.59%. This is a 12.27% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:56 am

PII

Polaris Inc reported Q2 FY23 sales growth of 7% YoY to $2.22 billion, beating the analyst consensus of $2.14 billion. The increase was driven by favorable ship volumes, product mix, and net pricing. Adjusted EPS of $2.42 beat the analyst consensus of $2.21. The company raised its FY23 sales outlook to +3% - +6% and revised adjusted EPS guidance to -2% - +3%.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 10:52 am

PJT

PJT Partners reported Q2 adjusted earnings of $0.99 per share, beating the analyst consensus estimate of $0.61 by 62.3%. This is a 12.5% increase from the same period last year. The company also reported quarterly sales of $346.30 million, beating the analyst consensus estimate of $240.36 million by 44.08%. This is a 48.54% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:52 am

MSCI

MSCI Inc has increased its FY23 capital expenditure guidance to $80M-$90M, up from the previous $75M-$85M. The company has reiterated its free cash flow guidance of $1.06B-$1.12B for the same period.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:50 am

AVY

Avery Dennison Corporation (AVY) has projected its Q3 adjusted EPS to be between $2.00 and $2.20, which is lower than the estimated $2.47.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:48 am