Streetbeat News

Earnings

ROKU

Roku's shares are trading higher following the company's Q2 results, which exceeded expectations. The company also issued strong Q3 guidance.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 12:48 pm

FSLR

First Solar reported strong Q2 results and announced a $1.1 billion investment in a US manufacturing facility, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 12:48 pm

BZH

Beazer Homes' shares are trading higher after the company reported better-than-expected Q3 results.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 12:47 pm

META

Meta Platforms, Inc. (NASDAQ:META) shares surged after reporting better-than-expected Q2 financial results. The company reported a revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. Earnings per share totaled $2.98, also beating the consensus estimate of $2.91. The company saw a surge in options trading volume, with calls significantly outpacing puts. Traders expect Meta's stock to move higher.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 12:46 pm

AZN

PFE

AstraZeneca's Q2 FY23 earnings beat consensus with a core EPS of $2.15, up 25% Y/Y, despite no COVID-19 vaccine sales. The strong performance of its cancer drugs offset the loss of vaccine sales. Total revenue was $11.4 billion, up 6%, beating analyst estimates. AstraZeneca's unit Alexion has agreed to buy Pfizer's preclinical gene therapy programs for up to $1 billion. The deal is expected to close in Q3.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 12:46 pm

ABR

Arbor Realty Trust (NYSE:ABR) reported Q2 earnings of $0.57 per share, beating the analyst consensus estimate of $0.44 by 29.55%. This is a 9.62% increase from the same period last year. The company also reported quarterly sales of $108.54 million, beating the analyst consensus estimate of $99.11 million by 9.52%. This is a 15.15% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:42 pm

RRBI

Red River Bancshares (NASDAQ:RRBI) reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.14 by 9.65%. However, this represents a 1.57% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 12:36 pm

DXCM

INTC

SIGA

Intel's Q2 EPS of $0.13 beat the estimate of $(0.03), and sales of $12.95B also surpassed the estimate of $12.14B. SIGA announced U.S. government procurement orders worth approximately $138 million for Oral and IV TPOXX. DexCom's Q2 adjusted EPS of $0.34 beat the estimate of $0.23, and sales of $871.30M also beat the estimate of $841.62M.

Portfolio Pulse from ryanfaloona@benzinga.com

July 28, 2023 | 12:33 pm

CIVB

Civista Bancshares (NASDAQ:CIVB) reported Q2 earnings of $0.64 per share, missing the analyst consensus estimate of $0.72 by 11.11%. However, the company's quarterly sales of $43.30 million beat the estimate of $42.75 million by 1.29%. This represents a 20.75% increase in earnings and a 44.80% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:32 pm

BEN

Franklin Resources (NYSE:BEN) reported Q3 adjusted earnings of $0.63 per share, beating the analyst consensus estimate of $0.60 by 5%. However, this is a 23.17% decrease from the same period last year. The company also reported quarterly sales of $1.97 billion, surpassing the analyst consensus estimate of $1.90 billion by 3.52%, but this is a 3.05% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:32 pm