Streetbeat News

Earnings

ANET

Arista Networks (NYSE:ANET) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $1.44. The company's past performance shows a mixed impact on the share price post-earnings announcement. The stock is currently trading at $160.99 and has seen a 28.51% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:02 pm

CRC

California Resources (NYSE:CRC) is set to release its latest quarterly earnings report on Monday, 2023-07-31. Analysts estimate an earnings per share (EPS) of $0.71. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $51.45 and has seen a 17.32% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:01 pm

GTLS

Chart Industries, Inc. (NYSE:GTLS) reported Q2 FY23 sales growth of 10.3% YoY to $908.1 million, missing the consensus of $971.81 million. Adjusted EPS was $1.19, beating the consensus of $0.93. The company's Q2 results reflect the first full quarter of ownership of Howden. The company agreed to sell Comco fans business to PX3 Partners for $80 million and a French product line for €4.25 million. GTLS anticipates generating ~$500 million from divestitures, including the $380 million from the announced Roots and Comco divestitures. GTLS shares traded higher by 8.26% at $171.68 on the last check Friday.

Portfolio Pulse from Akanksha Bakshi

July 28, 2023 | 2:58 pm

DLR

Digital Realty Trust reported better-than-expected Q2 revenue results, leading to a rise in its share prices. The company also announced a joint venture with TPG Real Estate.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 2:57 pm

TRP

TC Energy reported worse-than-expected Q2 EPS results, causing its shares to trade lower. The company's board also approved plans to separate into two independent publicly listed companies through the spinoff of the Liquids Pipelines business.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 2:57 pm

DIA

IWM

QQQ

SPY

Major indexes have risen due to in-line inflation data and strong earnings reports from several companies.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 2:55 pm

ROKU

Roku Inc's Q2 results exceeded estimates, leading to a surge in its stock price. Analysts from Needham, KeyBanc Capital Markets, and William Blair have maintained positive ratings, with Needham raising the price target from $80 to $85. However, there are concerns about a potential decline in Media & Entertainment ads in H2 2023 and the impact of ongoing Hollywood strikes on revenues. Roku's global streaming hours grew 21% YoY, with hours on the Roku Channel expanding over 50% YoY.

Portfolio Pulse from Priya Nigam

July 28, 2023 | 2:55 pm

META

Meta Platforms shares are trading higher following a positive earnings report. The stock was upgraded from Hold to Buy by China Renaissance, which also set a $380 price target.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 2:53 pm

AZN

AstraZeneca reported better-than-expected Q2 financial results, leading to a rise in its share price. The company's Alexion unit also entered into a definitive purchase and license agreement for a portfolio of preclinical gene therapy programs.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 2:53 pm

RETA

ROKU

SAM

Several US stocks traded higher on Friday, with the Nasdaq Composite gaining around 200 points. Notable gainers include Reata Pharmaceuticals, which rose 53.3% after Biogen agreed to acquire the company, Roku, which gained 20.8% after reporting better-than-expected Q2 results and strong Q3 guidance, and The Boston Beer Company, which surged 18.1% after reporting better-than-expected quarterly results. Other companies that saw significant gains include Business First Bancshares, Huron Consulting Group, TAL Education Group, Costamare, Coursera, Beazer Homes USA, Celestica, SIGA Technologies, Silicon Motion Technology Corporation, UP Fintech Holding Limited, SkyWest, GDS Holdings Limited, Dada Nexus Limited, Cardlytics, AVITA Medical, T. Rowe Price Group, Opendoor Technologies, Meritage Homes Corporation, Skechers U.S.A., Chart Industries, DISH Network Corporation, Upstart Holdings, DexCom, and Intel Corporation.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:47 pm