Streetbeat News

Earnings

OP

OceanPal (NASDAQ:OP) reported Q1 sales of $3.89 million, a 5.65% increase from $3.68 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:17 pm

UNP

Union Pacific (UNP) expects a recent change in Nebraska state income tax rate to add nearly $75M to its after-tax income in Q2 2023. However, the company also anticipates a one-time pre-tax expense of around $70M in Q2 2023 due to the ratification of a deal with the International Association of Smart-TD.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:13 pm

LEN

Lennar Corporation (NYSE:LEN) is expected to report lower Q2 earnings of $2.31 per share, down from $4.49 per share a year ago, with revenues of $7.17 billion. Analysts have mixed price target changes, with some seeing upside and others predicting downside.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 1:08 pm

KR

Kroger (NYSE:KR) is set to host an earnings conference call on June 15, 2023, at 10:00 AM ET to discuss its Q1 2023 earnings results. The call will cover the company's recent financial performance and future expectations.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 12:55 pm

THS

TreeHouse Foods Inc (NYSE: THS) reiterated its Q2 outlook and provided an update on 2023 guidance ahead of its investor day. The company raised its adjusted EBITDA outlook for 2023 and reaffirmed guidance for Q2 2023. THS expects to achieve cost savings of over $250 million from 2024 to 2027, led by investments related to supply chain optimization.

Portfolio Pulse from Lekha Gupta

June 13, 2023 | 12:52 pm

MPAA

Motorcar Parts of America (NASDAQ:MPAA) reported Q4 earnings with an EPS of $0.07, missing estimates by 83.33%. Revenue was up $30.81 million YoY. Last quarter, the company also missed EPS estimates, resulting in a 1.97% share price drop the next day.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 12:50 pm

ORCL

Oracle Corporation reported better-than-expected Q4 results with a 17% YoY increase in revenue to $13.8 billion and adjusted earnings of $1.67 per share. Following the announcement, several analysts raised their price targets on the company's stock.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 12:42 pm

NVDA

ORCL

Oracle Corp reported better-than-expected Q4 financial results, with revenue increasing 17% YoY to $13.8 billion and adjusted earnings of $1.67 per share. The company guided for fiscal Q1 revenue growth of 8% to 10% and cloud revenue growth of 28% to 30% YoY. Oracle's board declared a quarterly cash dividend of 40 cents per share.

Portfolio Pulse from Adam Eckert

June 13, 2023 | 12:34 pm

WFC

Wells Fargo's CFO spoke at the Morgan Stanley US Financials, Payments & CRE Conference, stating that the bank is likely to see some losses in its commercial real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:28 pm

MPAA

Motorcar Parts of America (NASDAQ:MPAA) reported Q4 earnings of $0.07 per share, up from $(0.02) last year, and sales of $194.73M, beating estimates by 3.74% and increasing 18.80% YoY.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:03 pm