Streetbeat News

Earnings

AMD

INTC

MBLY

NVDA

Intel Corporation (NASDAQ:INTC) is set to report Q2 financial results. Analysts expect a revenue of $10.97 billion, marking a decline YoY and QoQ. Intel has missed revenue estimates in three of the last four quarters. Analysts predict a loss of three cents per share in Q2. Intel's guidance for Q2 revenue is between $11.50 billion to $12.50 billion. Rosenblatt analyst Hans Mosesmann has a Sell rating on Intel due to product delays, cyclical factors, and market share losses. Mizuho Securities analyst Vijay Rakesh has a Neutral rating, seeing potential benefits from the surge in AI applications. Intel's AI and Data Center division is a key area of interest.

Portfolio Pulse from Chris Katje

July 27, 2023 | 3:49 pm

QS

QuantumScape reported its Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 3:48 pm

ONON

An options sweep for On Holding (ONON) was observed with 1848 contracts for August 4 $38 calls purchased near the ask price. This is compared to an open interest of 3762 contracts. The company is expected to release its earnings on August 15 before the market opens.

Portfolio Pulse from Charles Gross

July 27, 2023 | 3:46 pm

MA

Mastercard Inc reported Q2 2023 net revenues of $6.27 billion, beating the consensus of $6.17 billion. The company saw growth in gross dollar volume, cross-border volume, and switched transactions. Adjusted EPS rose 13% Y/Y to $2.89, exceeding the consensus of $2.83. The company also repurchased shares worth $2.4 billion and paid $541 million in dividends. For 2023, the company reaffirmed the outlook for net revenue to grow in low-teens and adjusted operating expense to grow in the low-end of low-double-digits.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 3:46 pm

URI

United Rentals reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 3:45 pm

IEX

IDEX Corporation reported better-than-expected Q2 adjusted EPS results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 3:44 pm

MLM

Martin Marietta Materials reported worse-than-expected Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 3:39 pm

AXP

JPM

MSFT

XLU

On CNBC's 'Halftime Report Final Trades', analysts recommended Microsoft, American Express, BNY Mellon Investment Management, and JPMorgan Chase. Microsoft reported better-than-expected Q4 earnings but issued a weak sales outlook. American Express reported mixed Q2 results, missing revenue estimates. BNY Mellon was recommended as the Federal Reserve finished its rate-hiking cycle. JPMorgan Chase reported better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 3:39 pm

OSTK

Overstock.com Inc reported a Q2 FY23 sales decline of 20% YoY to $422.2 million, beating the consensus of $409.7 million. Active customers decreased 29% YoY, orders delivered fell 16% YoY, and the average order value declined 5% YoY. Adjusted EPS of $(0.02) beat the analyst consensus loss of $(0.09). The company held $343 million in cash and equivalents. Overstock's shares are trading higher by 17.80%.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 3:38 pm

TSCO

Tractor Supply Company's shares are trading higher despite reporting worse-than-expected Q2 results and reducing FY23 guidance.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 3:33 pm