Streetbeat News

Earnings

DAN

Dana Inc (NYSE:DAN) reported Q2 FY23 sales growth of 6.3% YoY to $2.748 billion, slightly above the consensus of $2.74 billion. The increase was driven by higher market demand, cost-recovery actions, and conversion of sales backlog. Adjusted EPS was $0.37, beating the consensus of $0.17. The company raised its FY23 outlook and declared a dividend of $0.10 per share. Dana's shares are trading higher by 0.64% at $18.93.

Portfolio Pulse from Akanksha Bakshi

July 28, 2023 | 4:42 pm

PMT

PennyMac Mortgage Investment Trust's shares have dropped following the company's Q2 financial results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:41 pm

BY

Byline Bancorp reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:40 pm

BJRI

BJ's Restaurants reported better-than-expected Q2 financial results, leading to a rise in its share price. Several firms have also increased their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:38 pm

WPC

W.P. Carey Inc (WPC) reported a Q2 2023 revenue increase of 31.4% Y/Y to $452.6 million, beating the consensus of $442.4 million. Real Estate revenues rose 33.1% Y/Y to $452.2 million. The company raised the quarterly dividend per share to $1.069 from $1.067 in the prior quarter. WPC narrowed AFFO per share guidance to $5.32 and $5.38 from $5.30-$5.40 in 2023. WPC shares are trading higher by 0.03% at $71.39.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 4:37 pm

BAH

Booz Allen Hamilton Holding Corp reported Q1 revenue growth of 18% YoY to $2.65 billion, beating the consensus of $2.51 billion. Adjusted EPS of $1.47 also topped the consensus of $1.25. The company declared a regular quarterly dividend of $0.47 per share. It reiterated FY24 Outlook, expecting sales growth to 7% - 11% and an adjusted EPS of $4.80–$4.95.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 4:33 pm

NFLX

Netflix shares are trading higher, rebounding after a drop following its recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:31 pm

AMZN

Amazon.com's stock is trading higher following strong earnings reports from other mega-cap US companies.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:30 pm

LAZY

Lazydays Holdings, Inc. (NASDAQ:LAZY) reported a 17.4% YoY decline in Q2 FY23 sales to $308.38 million, missing the consensus of $315.17 million. However, EPS of $0.14 topped the analyst consensus of $0.11. Gross profit for the quarter slumped 31.3% YoY to $67.72 million, and the corresponding margin contracted 440 basis points to 22%. The company remains on track to open new locations in the third quarter.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 4:27 pm

SIMO

Silicon Motion Technology reported better-than-expected Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:24 pm