Streetbeat News

Earnings

CCK

Crown Holdings has updated its Q3 and FY23 EPS guidance. The company expects Q3 EPS to be between $1.70 and $1.80, compared to the estimated $1.81. For FY23, EPS is projected to be between $6.10 and $6.30, compared to the estimated $6.29. The company also expects improved operating results in global beverage and Transit Packaging, and affirms its previously issued guidance of adjusted EBITDA growth between 8% and 12% for 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:22 pm

HXL

Hexcel (NYSE:HXL) reported Q2 earnings of $0.50 per share, beating the analyst consensus estimate of $0.48 by 4.17%. This is a 51.52% increase from the same period last year. The company also reported quarterly sales of $454.30 million, beating the analyst consensus estimate of $448.36 million by 1.32%. This is a 15.60% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:22 pm

MEDP

Medpace Holdings has projected its FY23 earnings per share (EPS) to be between $8.04 and $8.50, compared to the estimated $8.23.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:21 pm

CLF

Cleveland-Cliffs Inc (NYSE:CLF) reported Q2 revenue of $5.98 billion, beating the consensus estimate of $5.8 billion. However, adjusted quarterly earnings of 69 cents per share missed analyst estimates of 70 cents per share. The company anticipates a $40 per net ton reduction in steel unit costs in Q3 and a $10 reduction in Q4. Shares were up 0.97% after hours.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 8:21 pm

RBB

RBB Bancorp reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $0.56 by 3.57%. However, this is a 27.5% decrease from the same period last year. The company also reported quarterly sales of $34.42 million, beating the estimate of $33.87 million by 1.62%, but this is a 15.04% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 24, 2023 | 8:21 pm

CCK

Crown Holdings (NYSE:CCK) reported Q2 earnings of $1.68 per share, beating the analyst consensus estimate of $1.64 by 2.44%. However, this is a 20% decrease from the same period last year. The company's quarterly sales were $3.11 billion, missing the analyst consensus estimate of $3.45 billion by 9.88%, and marking an 11.42% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:20 pm

RLI

RLI Corp (NYSE:RLI) reported Q2 earnings of $1.16 per share, missing the analyst consensus estimate of $1.19 by 2.52%. This is a 22.15% decrease from the same period last year. However, the company's quarterly sales of $419.54 million beat the analyst consensus estimate of $372.65 million by 12.58%, marking a 25.49% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 24, 2023 | 8:20 pm

MEDP

Medpace Holdings has projected its FY23 revenue to be between $1.84 billion and $1.88 billion, which is higher than the estimated $1.78 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:20 pm

AGYS

Agilysys (NASDAQ:AGYS) reported Q1 earnings of $0.18 per share, beating the analyst consensus estimate of $0.14 by 28.57%. This is a 14.29% decrease from last year. The company also reported quarterly sales of $56.06 million, beating the analyst consensus estimate of $55.24 million by 1.48%. This is an 18.00% increase from last year.

Portfolio Pulse from sunil@benzinga.com

July 24, 2023 | 8:19 pm

SIGI

Selective Insurance Group (SIGI) expects to report Q2 diluted earnings per share of $0.92 and non-GAAP operating earnings per share of $0.99. The company also anticipates pre-tax net catastrophe losses totaling $100M for the same period.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:18 pm