Streetbeat News

Earnings

GRC

Gorman-Rupp (NYSE:GRC) reported Q2 adjusted earnings of $0.41 per share, beating the analyst consensus estimate of $0.27 by 51.85%. The company also reported quarterly sales of $171.00 million, surpassing the analyst consensus estimate of $146.38 million by 16.82%. This represents a 43.62% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:31 am

SG

Sweetgreen, Inc. (NYSE:SG) shares dropped by around 10% following the release of its Q2 2023 results. The company reported a 22% Y/Y increase in revenues to $152.5 million, falling short of the consensus estimate of $156.7 million. Adjusted EBITDA was $3.3 million, compared to $(7.8) million a year ago, and adjusted EPS of $(0.20) missed the consensus of $(0.16). The company reaffirmed its revenue guidance for the year and raised its outlook for adjusted EBITDA and restaurant-level profit margin.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 10:30 am

CRI

Carter's, Inc. (CRI) has adjusted its H2 sales and earnings forecasts due to the Federal Reserve's efforts to reduce inflation and slow consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:23 am

CRI

Carter's has revised its FY23 adjusted EPS forecast from $6.15 to a range of $5.95-$6.15, which is still above the consensus estimate of $5.92. The company posted an EPS of $6.90 in FY22.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:21 am

CVX

Chevron (NYSE:CVX) reported Q2 earnings of $3.08 per share, beating the analyst consensus estimate of $2.97 by 3.7%. However, this is a 47.08% decrease from the same period last year. The company also reported quarterly sales of $48.90 billion, beating the estimate of $48.00 billion by 1.87%, but this is a 28.89% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:21 am

CRI

Carter's has revised its FY23 net sales forecast from $3.0B to a range of $2.95B-$3.00B, slightly below the consensus estimate of $3B. The company posted $3.21B in net sales for FY22.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:19 am

CVX

Chevron (NYSE:CVX) reported Q2 earnings of $3.08 per share, missing the analyst consensus estimate of $3.28 by 6.1%. This is a 47.08% decrease from the same period last year. The company's quarterly sales of $48.90 billion beat the analyst consensus estimate of $48.80 billion by 0.20%, but this is a 28.89% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:16 am

CRI

Carter's, Inc. (CRI) has projected its Q3 net sales to be between $770M and $790M, which is slightly below the consensus estimate of $789.07M. The company also expects its adjusted EPS to be between $1.45 and $1.55, lower than the consensus estimate of $1.75.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:16 am

CRI

Carter's (NYSE:CRI) Q2 adjusted earnings per share of $0.64 beat the analyst consensus estimate of $0.53 by 20.75%, but represented a 50.77% decrease from the same period last year. Quarterly sales of $600.20 million missed the analyst consensus estimate of $603.51 million by 0.55%, and were down 14.34% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:13 am

AVTR

Avantor (NYSE:AVTR) reported Q2 earnings of $0.28 per share, missing the analyst consensus estimate of $0.29 by 3.45%. This is a 24.32% decrease from the same period last year. The company also reported quarterly sales of $1.74 billion, missing the analyst consensus estimate of $1.80 billion by 3.28%, a decrease of 8.95% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:06 am