Streetbeat News

Earnings

BCAL

Southern Calif Bancorp (NASDAQ:BCAL) reported Q2 earnings of $0.36 per share, a significant increase from losses of $(0.04) per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:26 pm

SLNH

Soluna Holdings, Inc. (NASDAQ:SLNH) has made significant progress on its commercialization plan for Project Dorothy and Project Sophie, deploying more than 30 MW of equipment and bringing Project Sophie fully operational. The company is on track to achieve a milestone of 2 EH/s under management. These operational milestones have resulted in a stronger cash position for the company year over year. The revenue potential for Project Sophie is estimated at $3.21 million on an annualized basis, while Project Dorothy 1A and 1B are projected to reach $16.47 million and $17.78 million respectively.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:25 pm

AUBN

Auburn National Bancorp reported Q2 earnings of $0.55 per share, a 7.84% increase YoY. The company also reported sales of $7.68M, a 6.33% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:21 pm

VZ

Verizon Communications Inc reported Q2 FY23 results, with a sales decline of 3.5% YoY to $32.6 billion, missing the consensus of $33.3 billion. However, its adjusted EPS of $1.21 beat the consensus of $1.16. The company saw a 3.8% YoY increase in total wireless service revenue to $19.1 billion, attributed to its ownership of TracFone, premium Unlimited strategy, and pricing actions. Verizon reiterated its FY23 wireless service revenue growth outlook of 2.5% - 4.5% and its adjusted EPS outlook of $4.55 - $4.85.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 12:21 pm

HMRZF

HNNMY

Hennes & Mauritz AB (H&M) has reportedly sued fast-fashion retailer Shein for copyright infringement in Hong Kong, accusing the company of copying several of its designs. The case, which includes dozens of stolen pictures of clothing as evidence, is expected to continue with a hearing on July 31. This follows H&M's recent report of a 6% YoY increase in Q2 FY23 sales.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 12:20 pm

FELE

Franklin Electric has reaffirmed its FY23 guidance, projecting sales between $2.15 billion and $2.25 billion, and EPS between $4.25 and $4.45. These figures are in line with the current estimates of $2.18 billion in sales and $4.37 EPS.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:20 pm

NXRT

NexPoint Residential (NYSE:NXRT) reported Q2 earnings of $0.77 per share, slightly down from $0.78 per share last year. The company's quarterly sales were $69.60 million, missing the analyst consensus estimate of $69.83 million by 0.33 percent, but showing a 5.78 percent increase over sales of $65.80 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:18 pm

CAC

Camden National (NASDAQ:CAC) reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.80 by 6.25%. However, this is a 16.67% decrease from the same period last year. The company also reported quarterly sales of $42.80 million, beating the estimate of $42.23 million by 1.35%, but this is a 10.23% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:15 pm

IBCP

Independent Bank (NASDAQ:IBCP) reported Q2 earnings of $0.70 per share, beating the analyst consensus estimate of $0.59 by 18.64%. This is a 14.75% increase from the same period last year. The company also reported quarterly sales of $38.35 million, beating the analyst consensus estimate of $38.04 million by 0.81%. This is a 6.35% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:14 pm

PCAR

PACCAR reported Q2 earnings of $2.33 per share, beating the analyst consensus estimate of $2.18 by 6.88%. This is a 68.84% increase from the same period last year. The company also reported quarterly sales of $8.44 billion, beating the analyst consensus estimate of $8.23 billion by 2.56%. This is a 24.39% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:11 pm