Streetbeat News

Earnings

HCC

KOP

NGVT

TGLS

UAN

Benzinga Insights has identified several value stocks in the basic materials sector that may be worth watching. These include CVR Partners (UAN), Tecnoglass (TGLS), Warrior Met Coal (HCC), Ingevity (NGVT), and Koppers Hldgs (KOP). The companies have reported varying Q2 earnings and dividend yields, with some experiencing decreases and others increases compared to Q1.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 2:38 pm

FMX

Fomento Economico Mexicano S.A.B. (FMX) shares are trading higher following the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:36 pm

ABBV

Abbvie's shares are trading lower after the company released its Q3 results.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:35 pm

AAPL

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Apple Inc. (NASDAQ:AAPL) with a price target of $171. Kumar reduced estimates on Apple's December quarter guide ahead of earnings next week due to a tough global phone environment, initial weakness for iPhones in China, and slightly challenging compares for Mac and iPad. The analyst expects India to gain 3%-4% while China declines 5%-6%. The analyst also raised the FY25 EPS estimate to $6.88 from $6.77.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 2:32 pm

EQNR

Equinor ASA (NYSE:EQNR) reported a 41% Y/Y decline in Q3 FY23 adjusted revenue to $25.74 billion. Liquids production rose 12% Y/Y, but gas equity production fell 13% Y/Y due to maintenance and unplanned turnaround extensions. Adjusted earnings declined 67% Y/Y to $8.024 billion. The company completed the third tranche of the share buyback program for 2023 with a total value of up to $1.67 billion and initiated a fourth and final tranche of the same value. EQNR shares are trading higher by 1.91% at $33.59.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 2:31 pm

OLED

QCOM

TheStreet.com Action Alert Plus has recommended adding to positions in Qualcomm (QCOM) and Universal Display (OLED) ahead of their earnings announcements.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:25 pm

BIO

Bio-Rad Laboratories Inc (NYSE:BIO) has lowered its annual revenue growth forecast due to the uncertain recovery pace of the biopharma sector and ongoing macro challenges. The company reported Q3 sales of $632.1 million, missing the consensus of $689.57 million. Adjusted EPS was $2.33, down from $2.64 a year ago and below the consensus of $2.78. The company expects FY23 adjusted revenue growth between 0% and 0.5% on a currency-neutral basis, compared with a previously expected growth of 4.5%.

Portfolio Pulse from Vandana Singh

October 27, 2023 | 2:21 pm

CVX

Chevron's shares are trading lower following the company's Q3 earnings report, which revealed worse-than-expected adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:18 pm

HUMBF

Humble & Fume Inc., a Canadian cannabis accessory distributor, reported its FY 2023 financial results, showing an increase in total revenue to $49.6 million from $48 million in FY 2022. However, the company's net loss grew to roughly $25 million from $16 million in the prior year. The company's CEO, Jakob Ripshtein, praised the company's growth efforts in the California distribution business. The company plans to intensify its efforts in the California cannabis sector going forward.

Portfolio Pulse from Jelena Martinovic

October 27, 2023 | 2:14 pm

AN

AutoNation Inc reported Q3 FY23 sales growth of 3% Y/Y to $6.89 billion, beating the analyst consensus of $6.71 billion. New vehicle retail unit sales increased 12% Y/Y, while used vehicle retail unit sales declined 4% Y/Y. Gross profit declined 1% Y/Y to $1.295 billion. Adjusted net income declined 27% Y/Y to $243.7 million. AutoNation repurchased 1.3 million shares of common stock for $200 million in Q3. AN shares are trading lower by 0.21% at $130.15.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 2:07 pm