Streetbeat News

Earnings

EME

EMCOR Group (NYSE:EME) reported Q2 earnings of $2.95 per share, beating the analyst consensus estimate of $2.36 by 25%. This is a 48.24% increase from the same period last year. The company also reported quarterly sales of $3.05 billion, beating the analyst consensus estimate of $3.01 billion by 1.33%, a 12.67% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:31 am

LECO

Lincoln Electric Holdings (NASDAQ:LECO) reported Q2 earnings of $2.44 per share, beating the analyst consensus estimate of $2.32 by 5.17%. This is an 11.93% increase from the same period last year. However, the company's quarterly sales of $1.06 billion missed the analyst consensus estimate of $1.10 billion by 3.55%, but still showed a 9.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:31 am

LIND

Lindblad Expeditions (NASDAQ:LIND) reported Q2 losses of $(0.48) per share, missing the analyst consensus estimate of $(0.32) by 50%. However, the company's quarterly sales of $124.80 million beat the estimate of $114.65 million by 8.85%. This represents a 37.28% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:30 am

SHEL

Shell PLC (NYSE:SHEL) reported Q2 2023 revenues of $74.6 billion, missing the consensus of $79.2 billion. Adjusted EBITDA declined 37% Y/Y to $14.4 billion due to lower oil and gas prices, refining margins, volume decline, and lower LNG trading & optimization results. The company announced a $3 billion share repurchase program, scheduled for November 2, 2023, and expected to be completed by Q3 2023 results. Shell also disclosed a Q2 interim dividend of $0.331, up 15%, payable on September 18, 2023.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 11:24 am

SPGI

S&P Global reported Q2 adjusted earnings of $3.12 per share, missing the analyst consensus estimate of $3.14 by 0.64 percent. However, the company's quarterly sales of $3.10 billion beat the analyst consensus estimate of $3.06 billion by 1.34 percent.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:19 am

AEP

American Electric Power has reaffirmed its FY23 adjusted EPS guidance of $5.19-$5.39, which is in line with the estimated $5.27. The company also expects a long-term growth rate of 6%-7%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:18 am

META

Shares of Meta Platforms, Inc. (NASDAQ:META) surged in premarket trading following the release of its Q2 results, which exceeded expectations. The company's revenue rose 11% to $32 billion, surpassing the $28.13 billion consensus estimate. The EPS of $2.98 also beat the $2.63 Street estimate. The company guided to Q3 revenue of $32 billion - $34.5 billion, higher than the consensus estimate of $28.29 billion. Several analysts have raised the price target for the stock.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 11:18 am

DTE

DTE Energy has reaffirmed its 2023 operating earnings per share (EPS) guidance of $6.09-$6.40, which is in line with the estimated $6.22.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:17 am

DTE

DTE Energy reported Q2 adjusted earnings of $0.99 per share, beating the analyst consensus estimate of $0.93 by 6.45 percent. This represents a 12.5 percent increase over earnings of $0.88 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:16 am

VLY

Valley National (NASDAQ:VLY) reported Q2 adjusted earnings of $0.28 per share, missing the analyst consensus estimate of $0.29 by 3.45%. This is a 12.5% decrease from the same period last year. The company also reported quarterly sales of $479.84 million, missing the analyst consensus estimate of $493.67 million by 2.80%. However, this is a 0.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:15 am