Streetbeat News

Earnings

ACNB

ACNB Corporation reported Q3 earnings of $1.06 per share, beating the analyst consensus estimate of $0.99 by 7.07%. However, this represents an 11.67% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:53 pm

HCAT

Health Catalyst has released its preliminary Q3 total revenue, which is $73.8M, surpassing the estimated $72.66M. The company also projects its FY23 revenue to be between $291M and $296M, compared to the estimated $293.78M.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:49 pm

SWK

Stanley Black & Decker Inc (NYSE:SWK) reported a 4.1% YoY decline in Q3 FY23 sales to $3.953 billion, missing the analyst consensus estimate of $3.965 billion. The revenue decline is primarily due to lower outdoor and DIY volume and attachment tool customer destocking. However, gross profit increased 4.2% to $1.06 billion, and the gross margin expanded 210 basis points to 26.8%. Adjusted EPS of $1.05 beat the analyst consensus estimate of $0.83. The company raised its FY23 EPS outlook and reiterated its target for 2023 free cash flow generation.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 12:46 pm

F

Ford Motor Co (NYSE:F) will continue to focus on combustion engine vehicles and hybrids while scaling its EV business, according to CEO Jim Farley. The company will delay its $12 billion EV investment, including its EV battery plant in Kentucky. Despite a loss in earnings before interest and taxes of $1.3 billion in Q3, Ford remains bullish on its EV future. The company withdrew its full-year guidance due to uncertainty over a new workers' contract with the United Auto Workers union.

Portfolio Pulse from Anan Ashraf

October 27, 2023 | 12:45 pm

WTW

Willis Towers Watson (WTW) reported better-than-expected Q3 results, with adjusted earnings of $2.24 per share and quarterly sales of $2.2 billion. The company expects mid-single-digit organic revenue growth for 2023. The company's current dividend yield is 1.47%, equating to a quarterly dividend of 84 cents a share. To generate a monthly dividend income of $500, an investor would need to own approximately $409,137 worth of Willis Towers Watson, or 1,786 shares.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 12:45 pm

EA

IBKR

MU

SCHW

Insiders at Charles Schwab Corporation, Micron Technology, Electronic Arts, and Interactive Brokers Group have recently sold shares. Charles Schwab reported better-than-expected Q3 earnings, Micron commenced construction on a new memory manufacturing facility, Wells Fargo maintained Electronic Arts with an Equal-Weight and raised the price target, and Interactive Brokers reported quarterly earnings beating analyst consensus.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 12:44 pm

BAH

Booz Allen Hamilton Holding Corp reported Q2 revenue growth of 16% YoY to $2.67 billion, beating the consensus of $2.61 billion. The company saw double-digit organic revenue growth in federal defense and civil markets, strong adjusted EBITDA growth, and double-digit quarterly headcount growth. However, adjusted EPS of $1.29 missed the consensus of $1.33. The company revised its FY24 outlook, expecting sales growth of 11.0% – 14.0% and an adjusted EPS of $4.95 – $5.10.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 12:43 pm

CIVB

Civista Bancshares reported Q3 earnings of $0.66 per share, down from $0.72 YoY. The company's revenue of $39.629M missed the estimate of $40.881M.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:39 pm

PTCT

PTC Therapeutics reported worse-than-expected Q3 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:38 pm

NWL

Newell Brands reported mixed Q3 financial results and reduced its FY23 adjusted EPS and revenue guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:37 pm