Streetbeat News

Earnings

AIT

Applied Industrial (NYSE:AIT) reported Q1 earnings of $2.39 per share, beating the analyst consensus estimate of $2.09 by 14.35%. This is an 11.16% increase from the same period last year. However, the company's quarterly sales of $1.09 billion missed the analyst consensus estimate of $1.10 billion by 0.45%, though it's a 3.11% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:34 am

MBLY

Mobileye Global (NASDAQ:MBLY) reported Q3 earnings of $0.22 per share, beating the analyst consensus estimate of $0.17 by 29.41%. This is a 46.67% increase from the same period last year. The company also reported quarterly sales of $530.00 million, beating the analyst consensus estimate of $527.38 million by 0.50%. This is a 17.78% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:34 am

HAS

Hasbro's Q3 2023 adjusted EPS was $1.64, missing the estimate of $1.70. The company's revenue was $1.503B, also falling short of the $1.644B estimate.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:33 am

MTLS

Materialise (NASDAQ:MTLS) reported Q3 earnings of $0.07 per share, beating the analyst consensus estimate of $0.01 by 600%. However, the company's quarterly sales of $63.70 million missed the analyst consensus estimate of $66.90 million by 4.78%. This represents a 250% increase in earnings and a 12.11% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:33 am

AMAL

Amalgamated Financial (NASDAQ:AMAL) reported Q3 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.70 by 8.57%. However, this is a 1.3% decrease from the same period last year. The company also reported quarterly sales of $70.50 million, beating the estimate of $70.04 million by 0.66%, but this is a 2.93% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:32 am

TXT

Textron (NYSE:TXT) reported Q3 adjusted earnings of $1.49 per share, beating the analyst consensus estimate of $1.29 by 15.5%. This is a 40.57% increase from the same period last year. However, the company's quarterly sales of $3.34 billion missed the analyst consensus estimate of $3.48 billion by 3.94%, though it's an 8.61% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:32 am

KVUE

Kenvue reported Q3 earnings of $0.31 per share, meeting analyst consensus. The company's quarterly sales of $3.92 billion beat the analyst consensus estimate of $3.91 billion by 0.13 percent, marking a 3.33 percent increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:31 am

CNP

CenterPoint Energy reported Q3 earnings of $0.40 per share, beating the analyst consensus estimate of $0.35 by 14.29%. However, the company's quarterly sales of $1.86 billion missed the analyst consensus estimate of $2.09 billion by 11.00%.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:31 am

MRK

Merck has reported its Non-GAAP EPS at $2.13, which is higher than the estimated $1.95. The company's sales also exceeded estimates, coming in at $15.962B compared to the estimated $15.318B.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:30 am

META

Meta Platforms Inc.'s Reality Labs reported a $3.7 billion operating loss in its latest financial report, primarily due to decreased Quest 2 sales. The unit's Q3 revenue was $210 million, down 26% due to lower Quest 2 sales. The company's CFO, Susan Li, attributed the losses to ongoing product development efforts in the augmented and virtual reality space. Despite the financial challenges, Meta remains committed to its metaverse vision and recently launched its latest headset, the Quest 3.

Portfolio Pulse from Ananya Gairola

October 26, 2023 | 10:29 am