Streetbeat News

Earnings

AVY

Avery Dennison (NYSE:AVY) reported Q2 adjusted earnings of $1.92 per share, missing the analyst consensus estimate of $1.99 by 3.52%. This is a 27.27% decrease from the same period last year. The company also reported quarterly sales of $2.09 billion, missing the analyst consensus estimate of $2.16 billion by 3.24%, a 10.95% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:46 am

MSCI

MSCI reported Q2 earnings of $3.26 per share, beating the analyst consensus estimate of $3.11 by 4.82%. This is a 17.27% increase from the same period last year. The company also reported quarterly sales of $621.16 million, beating the analyst consensus estimate of $602.44 million by 3.11%. This is a 12.57% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:46 am

BKU

BankUnited reported Q2 earnings of $0.78 per share, meeting analyst consensus estimates. However, this represents a 4.88% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:46 am

GE

General Electric's Q2 sales have surpassed estimates, reporting $16.70B against the expected $15.00B. The adjusted revenue stands at $15.90B.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:42 am

DOV

Dover Corporation has revised its FY23 GAAP EPS guidance to $7.68-$7.83 from the previous $7.81-$8.01, and maintained its adjusted EPS at $8.85-$9.00. The company expects a revenue growth of 2%-4% for the full year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:42 am

DHR

Danaher Corporation has lowered its financial year 2023 guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:41 am

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported Q2 FY23 sales of $1.02 billion, a 3.8% YoY decline, missing the analyst consensus of $1.07 billion. However, its EPS of $3.08 beat the analyst consensus of $3.05. Following the earnings announcement, several analysts including Wedbush, TD Cowen, Barclays, and Citigroup raised their price targets on Domino's Pizza.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 10:38 am

HRI

Herc Holdings has reaffirmed its FY23 adjusted EBITDA guidance of $1.45 billion to $1.55 billion, reflecting an increase of 18% to 26% compared to FY22. The company plans to gain market share by capitalizing on higher forecasted construction spending in 2023 through fleet investment, strategic acquisitions, and diversified product portfolio cross-selling.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:38 am

XRX

Xerox Holdings' adjusted operating margin is expected to increase from 5.0%-5.5% to 5.5%-6.0%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:38 am

ABG

Asbury Automotive Gr (ABG) reported Q2 adjusted earnings of $8.95 per share, beating the analyst consensus estimate of $8.24 by 8.62%. However, this is a 10.86% decrease from the same period last year. The company's quarterly sales of $3.74 billion missed the analyst consensus estimate of $3.80 billion by 1.58%, marking a 5.32% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:37 am