Streetbeat News

Earnings

DOV

Dover Corporation (NYSE:DOV) reported Q2 earnings of $2.05 per share, missing the analyst consensus estimate of $2.20 by 6.82%. This is a 4.21% decrease from the same period last year. The company also reported quarterly sales of $2.10 billion, missing the analyst consensus estimate of $2.20 billion by 4.55%. This is a 2.73% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:36 am

PHM

PulteGroup (NYSE:PHM) reported Q2 earnings of $3.00 per share, beating the analyst consensus estimate of $2.51 by 19.52%. This is a 9.89% increase from the same period last year. The company also reported quarterly sales of $4.19 billion, beating the analyst consensus estimate of $3.99 billion by 5.01%. This is a 6.72% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:35 am

GE

General Electric (GE) shares are trading higher following the company's Q2 results, which exceeded expectations. Additionally, GE has raised its FY23 guidance.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:35 am

SITC

SITE Centers has revised its FY23 Operating FFO per share outlook from $1.11-$1.17 to $1.13-$1.17.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:35 am

GM

General Motors (GM) reported better-than-expected Q2 results and raised its FY23 adjusted automotive free cash flow guidance. This has led to a rise in GM's share prices.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:34 am

MMM

3M Company has raised its full-year adjusted EPS expectations for 2023 to $8.60 to $9.10, up from the previous $8.50 to $9.00. This is due to the company's strong operational execution and cost discipline. Adjusted total sales growth is expected to be in the range of -5 to -1 percent, with adjusted operating cash flow of $5.9 to $6.3 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:34 am

HRI

Herc Hldgs (NYSE:HRI) reported Q2 adjusted earnings of $2.69 per share, missing the analyst consensus estimate of $3.13 by 14.06%. The company also reported quarterly sales of $802.00 million, missing the analyst consensus estimate of $814.65 million by 1.55%. However, this represents a 25.23% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:33 am

GM

General Motors (GM) has revised its capital expenditure (Capex) forecast for FY23 to $11B-$12B, down from the previous outlook of $11B-$13B.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:32 am

SITC

SITE Centers (NYSE:SITC) reported Q2 Operating FFO per share of $0.29, down from $0.31 last year. However, the company's quarterly sales of $136.38 million beat the analyst consensus estimate of $136.16 million by 0.16 percent, despite being a 0.54 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:32 am

GM

General Motors (GM) has revised its FY23 adjusted automotive free cash flow outlook upwards from $5.5B-$7.5B to $7B-$9B.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:32 am