Streetbeat News

Earnings

FCX

Freeport-McMoRan (NYSE:FCX) reported Q3 earnings of $0.39 per share, beating the analyst consensus estimate of $0.34 by 14.71%. This is a 50% increase from the same period last year. The company also reported quarterly sales of $5.82 billion, beating the analyst consensus estimate of $5.41 billion by 7.65%, a 16.41% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:06 pm

EWBC

East West Bancorp (NASDAQ:EWBC) reported Q3 earnings of $2.02 per share, meeting analyst consensus. This is a 2.88% decrease from last year. The company's quarterly sales of $647.57M beat the analyst consensus of $570.29M by 13.55%, marking a 17.35% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:04 pm

UNP

Union Pacific (NYSE:UNP) reported Q3 earnings of $2.51 per share, beating the analyst consensus estimate of $2.44 by 2.87 percent. However, this is a 21.32 percent decrease from the same period last year. The company's quarterly sales of $5.90 billion missed the analyst consensus estimate of $5.99 billion by 1.50 percent, marking a 10.14 percent decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:50 am

T

AT&T Inc reported Q3 FY23 operating revenues of $30.35 billion, up 1% YoY, beating the consensus of $28.69 billion. Adjusted EPS of $0.64 also beat the consensus of $0.59. The results reflected higher Mobility, Mexico, and Consumer Wireline revenues, partly offset by lower Business Wireline revenues. The company raised its full-year free cash flow guidance and expects full-year adjusted EBITDA growth of better than 4%.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 11:41 am

MAN

ManpowerGroup has announced that the current operating environment is challenging for the industry. The company expects its Q4 EPS to be between $1.17 and $1.27, which includes an estimated unfavorable currency impact of 1 cent. The guidance does not include expected restructuring costs and any Argentina related impact of non-cash currency translation losses.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:40 am

NFLX

TSLA

Netflix shares are trading higher by around 14% after reporting better-than-expected Q3 results and Q4 revenue forecast. Other stocks moving in pre-market trading include Nxu, Zapp Electric Vehicles, SeaStar Medical, Atreca, Crown ElectroKinetics, BIO-key International, Mangoceuticals, Peraso, and RiceBran Technologies. On the downside, Nuvve Holding, Falcon's Beyond Global, Rentokil Initial, Biocept, Ensysce Biosciences, Blue Star Foods, Micromobility.com, Vicinity Motor, Sientra, and Tesla are trading lower.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 11:38 am

MAN

ManpowerGroup's Q3 earnings per share were $0.60, down from $2.13 in the same period last year. The company's quarterly sales of $4.675 billion missed the analyst consensus estimate of $4.70 billion by 0.53 percent, a 2.62 percent decrease from last year's sales of $4.80 billion.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:37 am

PTN

Palatin Technologies (PTN) has reported preliminary Q1 gross product revenue of $4.6 million, marking an 11% increase quarter-over-quarter and a 100% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:35 am

STBA

S&T Bancorp reported Q3 earnings of $0.87 per share, missing the analyst consensus estimate of $0.90 by 3.33%. This is a decrease of 8.42% from the same period last year. The company also reported quarterly sales of $99.57 million, missing the analyst consensus estimate of $101.50 million by 1.90%. This is a slight increase of 1.03% over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:35 am

WSO

Watsco (NYSE:WSO) reported Q3 earnings of $4.35 per share, beating the analyst consensus estimate of $4.27 by 1.87%. This is a 7.94% increase from the same period last year. The company also reported quarterly sales of $2.13 billion, beating the analyst consensus estimate of $2.05 billion by 3.76%, a 4.47% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:34 am