Streetbeat News

Earnings

BSVN

Bank7 reported Q2 earnings of $1.05 per share, beating the analyst consensus estimate of $0.96 by 9.38%. This is a 38.16% increase from the same period last year. The company also reported quarterly sales of $21.29 million, beating the analyst consensus estimate of $20.69 million by 2.91%. This is a 29.21% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 1:10 pm

BSVN

Bank7 reported Q2 earnings of $1.05 per share, beating the analyst consensus estimate of $0.96 by 9.38%. This is a 38.16% increase from the same period last year. The company also reported quarterly sales of $30.00 million, beating the analyst consensus estimate of $20.69 million by 45.00%. This is an 82.05% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 1:08 pm

SMCI

Supermicro (NASDAQ:SMCI) has announced preliminary financial results for Q4 2023, with expected EPS of $3.35-$3.45, up from the prior estimate of $2.21-$2.71, and revenue of $2.15B-$2.18B, up from the prior estimate of $1.7B-$1.9B. The company has experienced record design wins, orders, and a fast-growing backlog. The final results may differ materially from these preliminary results.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:08 pm

CCOI

IPG

YY

Three high-yielding dividend stocks in the tech and telecom sector have been highlighted by Wall Street's most accurate analysts. The stocks are The Interpublic Group of Companies, Inc. (IPG), Cogent Communications Holdings, Inc. (CCOI), and JOYY Inc. (YY). IPG has a dividend yield of 3.03%, CCOI has a yield of 5.95%, and YY has a yield of 6.16%. Recent news for these companies includes better-than-expected earnings for IPG and YY, while CCOI posted weaker-than-expected first-quarter results.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 1:08 pm

FITB

Fifth Third Bancorp reported Q2 2023 sales of $2.19 billion, in line with consensus. The company saw a 62% Y/Y increase in interest income to $2.38 billion, and a 9% Y/Y increase in net interest income to $1.46 billion. The net interest margin rose 18 basis points to 3.10%. The company also reported a 1% Y/Y decrease in total average deposits to $160.86 billion, and a 3% Y/Y increase in average loans and leases to $123.99 billion. Adjusted EPS of $0.87 topped the Street view of $0.83. The company also acquired Rize Money to boost its embedded payments capabilities.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 1:07 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) reported better-than-expected Q2 results and issued strong guidance, leading to a rise in its stock. Q2 revenue increased 17.1% YoY to $14.18 billion, beating the consensus estimate of $13.91 billion. The company also reported quarterly earnings of $5.03 per share, surpassing estimates of $4.03 per share. United expects full-year 2023 earnings to be in a range of $11 to $12 per share, higher than estimates of $9.73 per share.

Portfolio Pulse from Adam Eckert

July 20, 2023 | 1:04 pm

NFLX

Netflix Inc (NASDAQ:NFLX) shares are trading lower after the company reported mixed Q2 results and issued soft revenue guidance. Q2 revenue of $8.19 billion missed estimates of $8.29 billion, while Q2 EPS of $3.29 beat estimates of $2.85. The company ended the quarter with 238.39 million global paid subscribers, up 8% YoY. For Q3, Netflix anticipates revenue of approximately $8.52 billion versus estimates of $8.68 billion. Despite some weak spots, several analysts raised price targets.

Portfolio Pulse from Adam Eckert

July 20, 2023 | 1:04 pm

BSVN

Bank7 reported Q2 earnings of $1.05 per share, beating the analyst consensus estimate of $0.96 by 9.38%. This represents a 38.16% increase over earnings of $0.76 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 1:03 pm

JNJ

KVUE

Kenvue Inc, the former consumer unit of Johnson & Johnson, reported its first quarterly earnings since being spun off in May. Q2 sales increased 5.4% Y/Y to $4.01 billion, beating the consensus of $3.96 billion. The company also declared a $0.20 cash dividend and issued an upbeat outlook for fiscal 2023. However, KVUE shares are down 1.36% in premarket trading.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 1:01 pm

BX

Blackstone Inc (NYSE:BX) reported a 43% Y/Y drop in Q2 revenues to $2.35 billion, missing the consensus of $2.41 billion. Distributable earnings fell 43% Y/Y to $1.35 billion, largely due to a 64% decline in DE from the real estate business. However, the company hit a milestone of $1 trillion in assets under management, a 6% Y/Y increase. Blackstone also declared a quarterly dividend per share of $0.79 and repurchased $1.2 billion worth of stock.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 1:01 pm