Streetbeat News

Earnings

ABBV

AbbVie reported Q2 earnings of $2.91 per share, beating the analyst consensus estimate of $2.80 by 3.93%. However, this is a 13.65% decrease from the same period last year. The company also reported quarterly sales of $13.87 billion, beating the estimate of $13.52 billion by 2.55%, but this is a 4.92% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:39 am

SHYF

Shyft Group reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.21 by 19.05%. However, the company's quarterly sales of $225.10 million missed the analyst consensus estimate of $256.60 million by 12.28%. This represents a 3.06% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:38 am

ASPS

Altisource Portfolio (NASDAQ:ASPS) reported Q2 losses of $(0.68) per share, missing the analyst consensus estimate of $(0.55) by 23.64%. The company also reported quarterly sales of $33.17 million, missing the analyst consensus estimate of $39.76 million by 16.57%. This represents a 2.86% increase in losses and an 11.86% decrease in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:38 am

OTLY

Oatly has announced a reduction in its 2023 sales guidance, but maintains its expectation to achieve a fourth quarter gross margin target in the high 20%s.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:37 am

FTI

FTI Consulting has revised its FY23 outlook, lowering its revenue and EPS estimates. The new revenue forecast is $3.33B-$3.40B, down from $3.33B-$3.47B, and below the estimated $3.36B. The EPS is now expected to be $6.50-$7.20, down from $6.80-$7.70, and below the estimated $7.11.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:37 am

EME

EMCOR has raised its FY23 EPS guidance from $9.25-$10.00 to $10.75-$11.25, surpassing the $9.81 estimate. The company has reaffirmed its revenue guidance for the same period at $12B-$12.5B, in line with the $12.26B estimate.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:37 am

CWT

California Water Servs Gr (NYSE:CWT) reported Q2 earnings of $0.17 per share, missing the analyst consensus estimate of $0.55 by 69.09%. This is a 52.78% decrease from the same period last year. The company also reported quarterly sales of $194.04 million, missing the analyst consensus estimate of $233.37 million by 16.85%. This is a 5.89% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:37 am

HCA

HCA Healthcare has increased its FY23 EPS outlook from $17.25-$18.55 to $17.70-$18.90, surpassing the consensus estimate of $18.17.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:36 am

BAX

Baxter International Inc. (BAX) has projected its Q3 FY23 adjusted EPS, including discontinued operations, to be between $0.78 and $0.80, and $0.65 to $0.67 from continuing operations. This is significantly lower than the consensus estimate of $2.93.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:35 am

NTCT

NetScout Systems has reiterated its FY24 revenue guidance of $915M-$945M, compared to the estimated $918.54M. The company also expects an adjusted EPS of $2.20-$2.32, against the estimated $2.23.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:35 am