Streetbeat News

Earnings

CMC

Commercial Metals Company (CMC) expects strong financial performance in Q4 2023, with North America finished steel product shipments consistent with Q3, supported by high demand and backlog. European segment results are anticipated to remain unchanged due to economic uncertainty.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:53 am

ACN

Accenture has updated its Q4 2023 revenue guidance to $15.75B-$16.35B, a 2%-6% increase in local currency, and reduced its FY23 revenue growth to 8%-9% from the previous 8%-10%. The company now expects GAAP diluted EPS of $10.94-$11.05 and adjusted EPS of $11.52-$11.63.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:52 am

CMC

Commercial Metals (NYSE:CMC) reported Q3 adjusted earnings of $2.02 per share, beating the $1.76 estimate, and sales of $2.34B, beating the $2.24B estimate. However, this represents a decrease in earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:49 am

ICL

ICL expects a negative impact of approximately $400 million to its 2023 EBITDA guidance due to lower-than-anticipated potash prices and a delayed recovery in demand for flame retardants.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:48 am

ACN

Accenture reported Q3 earnings of $3.19 per share, beating the analyst consensus estimate of $3.04 by 4.93%. Quarterly sales were $16.56 billion, a 2.51% increase YoY, beating the estimate by 0.03%.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:47 am

GMS

GMS reported Q4 earnings with an EPS of $2.11, beating estimates by 11.64%. Revenue was up $15 million from the same period last year.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 10:05 am

GMS

GMS reported Q4 adjusted earnings of $2.11 per share, beating the analyst consensus estimate of $1.89 by 11.64%. Quarterly sales reached $1.30 billion, surpassing the estimate of $1.27 billion by 2.68%.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:01 am

AMZN

FDX

MSFT

The S&P 500 settled lower on Wednesday following comments from Federal Reserve Chair Jerome Powell, signaling potential additional rate hikes. All three major stock indexes recorded losses for the third consecutive session. FedEx reported better-than-expected earnings, while sales missed estimates. The Nasdaq 100 fell 1.35% amid losses in shares of Microsoft and Amazon.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 9:59 am

ECIA

Encision (OTC:ECIA) reported Q4 losses of $(0.01) per share and sales of $1.81 million.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:17 am

ACN

CMC

DRI

KBH

SCS

U.S. stock futures are trading lower on Thursday, with investor focus on Commercial Metals Company (CMC), Steelcase Inc. (SCS), Accenture plc (ACN), KB Home (KBH), and Darden Restaurants, Inc. (DRI). CMC, ACN, and DRI are expected to report earnings, while SCS and KBH have announced better-than-expected earnings.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 8:04 am