Streetbeat News

Earnings

PSA

Public Storage (NYSE:PSA) is set to release its latest quarterly earnings report on October 30, 2023. Analysts estimate an earnings per share (EPS) of $4.21. The company's past performance shows a mix of positive and negative price changes post-earnings announcements. The stock is currently trading at $238.78, down 23.98% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 2:00 pm

MCD

McDonald's is set to release its latest quarterly earnings report on October 30, 2023. Analysts estimate an earnings per share (EPS) of $2.83. The company's past performance shows a pattern of beating EPS estimates but experiencing slight share price drops afterwards. The stock is currently trading at $255.83, down 5.74% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 2:00 pm

ABBV

AbbVie Inc has reported Q3 adjusted EPS of $2.95, down 19.4% Y/Y, beating the consensus of $2.88. Overall sales decreased 6% Y/Y to $13.93 billion, beating the consensus of $13.70 billion. The company's immunology portfolio generated $6.78 billion in sales, down 11.3%. AbbVie raised its FY23 and FY24 adjusted EPS guidance. The company's shares are down 3.73% at $139.78.

Portfolio Pulse from Vandana Singh

October 27, 2023 | 1:56 pm

CTVA

Agriculture company Corteva Inc (NYSE:CTVA) reported weak preliminary Q3 results and cut its FY23 operating EPS and net sales guidance. The company's shares are trading lower by around 2%. The weak outlook is due to significant order delays in Brazil, tighter farmer margins, ongoing channel inventory destocking, and pricing and volume pressures in crop chemicals. The company also expects lower Q4 seed deliveries and plans to achieve share repurchases worth $750 million in 2023.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 1:54 pm

AMZN

APLM

BKYI

MDNA

RNAZ

SYTA

The Nasdaq Composite gained over 100 points, driven by strong earnings from Amazon. Amazon's Q3 revenue increased 13% YoY to $143.1 billion, beating estimates, and expects Q4 revenue between $160 billion and $167 billion. Other stocks that saw significant movement include Apollomics, BIO-key International, and SeaStar Medical Holding which saw increases, while Siyata Mobile, Medicenna Therapeutics, and TransCode Therapeutics saw decreases.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 1:44 pm

PXD

XOM

Exxon Mobil Corp's Q3 FY23 adjusted net profit fell to $9.12 billion, down from $18.682 billion a year earlier, a drop of almost 51%. Despite the slump, the company raised its annual outlook. Revenue also decreased to $90.76 billion from $112.07 billion. Exxon declared a Q4 dividend of $0.95 per share, marking an increase for the 41st consecutive year. The company recently agreed to acquire Pioneer Natural Resources Company in an all-stock transaction valued at $59.5 billion.

Portfolio Pulse from Vandana Singh

October 27, 2023 | 1:40 pm

NWG

NatWest Group (NYSE:NWG) reported Q3 earnings of $0.21 per share, a 50% increase from the same period last year. However, the company's sales this quarter were $3.80 billion, a slight decrease of 0.13% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 1:37 pm

CL

Colgate-Palmolive Company (NYSE:CL) reported a 10.5% YoY sales growth in Q3 FY23, beating analyst estimates. Organic sales increased by 9% and net sales in Oral, Personal, and Home Care rose by 7.6%. The company's non-GAAP EPS of $0.86 also beat analyst consensus. Gross profit was $2.88 billion, with a margin expansion of 130 basis points. However, operating margin contracted by 40 basis points. The company raised its FY23 net sales growth outlook to 6%-8% and expects organic sales growth of 7%-8%.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 1:37 pm

ABBV

AbbVie has raised its 2023 sales forecast for Skyrizi and Rinvoq by $300 million, according to a conference call cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 1:32 pm

META

SNAP

Meta Platforms and Snap Inc reported strong quarterly results, with Meta's revenue growing at the fastest rate since 2021 and Snap returning to revenue growth. However, both companies warned about the impact of the Middle East conflict on their ad revenues. Meta's Q4 revenue guidance was widened due to ad softening, while Snap did not provide formal guidance due to some advertisers pausing their campaigns.

Portfolio Pulse from Upwallstreet

October 27, 2023 | 1:27 pm