Streetbeat News

Earnings

EOSE

Eos Energy Enterprises anticipates a 2Q23 revenue of $0.2 million as it shifts manufacturing to the Eos Z3™ battery. The company also expects its gross margin to improve by 20%-50% QoQ. As of June 30, 2023, the cash balance is projected to be $23.2 million, with booked orders worth $86.9 million for the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:45 am

PFS

Provident Financial Services (NYSE:PFS) reported Q2 earnings of $0.43 per share, missing the analyst consensus estimate of $0.44 by 2.27%. This is a decrease of 18.87% from the same period last year. However, the company reported quarterly sales of $118.49 million, beating the analyst consensus estimate of $114.13 million by 3.82%, a 19.12% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:13 am

CC

Chemours (NYSE:CC) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $1.07 by 2.8%. However, this is a 41.8% decrease from the same period last year. The company's quarterly sales were $1.64 billion, missing the analyst consensus estimate of $1.69 billion by 2.96%, and marking a 14.36% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:02 am

MPB

Mid Penn Bancorp reported Q2 earnings of $0.68 per share, beating the analyst consensus estimate of $0.67 by 1.49%. This is a decrease of 11.69% from the same period last year. The company also reported quarterly sales of $41.66 million, beating the estimate of $41.17 million by 1.20%. This is an increase of 2.46% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:00 am

F

TSLA

Ford Motor Co (NYSE:F) CEO Jim Farley has revised the company's EV production targets and increased loss forecasts. The company now aims for a 600,000 EV production run-rate in 2024, with no set deadline for the previously targeted two million EV production run rate. The EV segment is now expected to bring a loss of $4.5 billion this year, up from the previous guidance of $3 billion. Farley's comments on EV pricing echo those of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who recently warned of further price cuts on its vehicles.

Portfolio Pulse from Anan Ashraf

July 28, 2023 | 4:46 am

ENPH

F

INTC

ROKU

TSLA

U.S. stocks ended in the red on Thursday, with the Dow Jones falling more than 200 points. Intel, Ford, Enphase Energy, Tesla, and Roku were among the stocks that gained the attention of retail traders and investors. Intel and Ford saw slight increases in their stock prices, while Enphase Energy, Tesla, and Roku experienced declines.

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 1:34 am

ORC

Orchid Island Cap (NYSE:ORC) reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $(0.01) by 2600 percent. This is a 114.71 percent increase over losses of $(1.70) per share from the same period last year. However, the company reported quarterly sales of $(8.76 million) which missed the analyst consensus estimate of $9.85 million by 188.93 percent, a 132.34 percent decrease over sales of $27.09 million the same period last year.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 10:09 pm

SIMO

Silicon Motion Technology (NASDAQ:SIMO) reported Q2 earnings of $0.38 per share, missing the analyst consensus estimate of $0.48 by 20.83%. This is a 79.79% decrease from the same period last year. However, the company's quarterly sales of $140.36 million beat the analyst consensus estimate of $133.23 million by 5.35%, despite a 44.38% decrease from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 27, 2023 | 10:05 pm

WY

Weyerhaeuser (NYSE:WY) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.21 by 52.38%. However, this is a 69.81% decrease from the same period last year. The company's quarterly sales of $2.00 billion met the analyst consensus estimate, but this is a 32.83% decrease from last year.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:57 pm

MTD

Mettler-Toledo has reduced its FY23 adjusted EPS forecast from $43.65-$43.95 to $40.30-$41.20, which is below the estimated $43.39.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:55 pm