Streetbeat News

Earnings

ISRG

Intuitive Surgical, Inc. (NASDAQ:ISRG) reported better-than-expected Q2 earnings of $1.42 per share, beating market estimates of $1.33 per share. The company's quarterly sales were $1.756 billion, higher than the expected $1.74 billion. Despite the positive earnings report, the company's shares fell 4.2% to $333.00 in pre-market trading. Analysts from Wells Fargo and RBC Capital have increased their price targets on Intuitive Surgical following the earnings announcement.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 11:56 am

CMA

Comerica's Q2 earnings results exceeded expectations, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:56 am

DHI

D.R. Horton, Inc (NYSE:DHI) reported a 10.7% YoY sales growth to $9.725 billion in Q3 FY23, beating the consensus of $8.39 billion. The company also raised its FY23 outlook to $34.7 billion-$35.1 billion from the previous $31.5 billion-$33 billion. Following the earnings announcement, Barclays and JMP Securities increased their price targets on D.R. Horton, while Credit Suisse maintained a neutral rating.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 11:47 am

BX

Blackstone Inc (NYSE:BX) reported weaker-than-expected Q2 sales results, with revenues of $2.35 billion, down 43% Y/Y, and distributable earnings falling 43% Y/Y to $1.35 billion. Despite this, several analysts have increased their price targets on Blackstone, including Barclays, Piper Sandler, Evercore ISI Group, B of A Securities, JP Morgan, Wells Fargo, and BMO Capital.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 11:41 am

WRLD

World Acceptance (NASDAQ:WRLD) reported Q1 earnings of $1.62 per share, beating the analyst consensus estimate of $0.63 by 157.14%. This is a 208.72% increase from the same period last year. The company also reported quarterly sales of $139.32 million, beating the analyst consensus estimate of $135.81 million by 2.59%. However, this is a 11.59% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:33 am

KNX

Knight-Swift Transportation Holdings Inc (NYSE:KNX) shares are trading lower after the company reported worse-than-expected Q2 2023 earnings and cut its 2023 guidance. Revenues of $1.55 billion, down 20.8% Y/Y, missed the consensus of $1.60 billion. The company lowered the outlook for 2023 adjusted EPS to $2.10-$2.30 from $3.35-$3.55. KNX shares are down by 3.31% at $54.00 premarket on the last check Friday.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 11:25 am

NFLX

QQQ

SPY

TSLA

TSM

Stock futures suggest a positive start to the week's final trading session, reflecting optimism for positive earnings reports from AI-levered big techs. However, caution is expected due to the upcoming Fed meeting and its commentary on the rate outlook. The tech slump on Thursday, driven by negative reactions to earnings from Tesla, Taiwan Semiconductor Manufacturing Company, and Netflix, dragged the Nasdaq Composite Index lower. The Dow Industrials continued to push higher, closing at nearly an 18-month high. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Tesla rebounded from Thursday's slide, while Xirius SM Holdings fell after its rally on Thursday.

Portfolio Pulse from Shanthi Rexaline

July 21, 2023 | 11:19 am

CMA

Comerica (NYSE:CMA) reported Q2 earnings of $2.01 per share, beating the analyst consensus estimate of $1.86 by 8.06%. This is a 4.69% increase from the same period last year. The company also reported quarterly sales of $924.00 million, beating the analyst consensus estimate of $902.75 million by 2.35%. This is an 11.46% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:11 am

HBAN

Huntington Bancshares (NASDAQ:HBAN) reported Q2 earnings of $0.35 per share, which is the same as the year-ago quarter.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:04 am

SXT

Sensient Technologies (NYSE:SXT) has revised its 2023 forecast, expecting a mid-single digit decrease in adjusted EBITDA and a high single digit decrease in full year GAAP diluted earnings per share compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:02 am