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Earnings

BELFB

BKYI

MXL

PI

During Thursday's intraday session, several information technology stocks experienced significant movements. Impinj (PI), Bel Fuse (BELFB), Meta Materials (MMAT), Bel Fuse (BELFA), Netgear (NTGR), and Flex (FLEX) saw their stocks rise, with Q3 earnings reports being a common factor. Conversely, BIO-key Intl (BKYI), MaxLinear (MXL), Argo Blockchain (ARBK), Borqs Technologies (BRQS), Bitdeer Technologies (BTDR), and BTCS (BTCS) saw their stocks fall, with Q3 earnings also playing a role.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:31 pm

HON

Honeywell International Inc (NASDAQ:HON) reported Q3 FY23 sales of $9.21 billion, up 3% Y/Y, but missed the consensus of $9.23 billion. The sales increase was attributed to growth in commercial aviation, defense and space, and process solutions. Adjusted EPS was $2.27, beating the consensus of $2.23. The company reported a significant increase in order volumes in Q3, leading to a historically high backlog. Honeywell expects sales of $9.6 billion-$9.9 billion for 4Q23. For FY23, Honeywell now expects sales of $36.8 billion - $37.1 billion.

Portfolio Pulse from Akanksha Bakshi

October 26, 2023 | 5:28 pm

TAL

TAL Education Group reported its Q2 financial results, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:27 pm

AOS

A.O. Smith Corporation reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:27 pm

HOG

Harley-Davidson Inc (NYSE:HOG) reported Q3 FY23 HDMC sales of $1.297 billion, missing the analyst consensus estimate of $1.36 billion. Global motorcycle shipments decreased 20%, hit by production suspension, dealer inventory management, and market conditions. Consolidated revenue was down 6%, with a revenue decline of 9% at HDMC, partially offset by revenue growth of 15% at HDFS. HOG's EPS of $1.38 beat the consensus of $1.36. The company reaffirms FY23 HDMC revenue growth outlook of flat - 3% and operating income margin of 13.9% - 14.3%. HOG shares are trading lower by 9.65% at $26.04.

Portfolio Pulse from Shivani Kumaresan

October 26, 2023 | 5:26 pm

WEX

WEX reported its Q3 financial results and issued Q4 and FY23 guidance. The company also announced that it has signed a definitive agreement to acquire Payzer, which has led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:22 pm

CIVB

Civista Bancshares (NASDAQ:CIVB) is set to release its quarterly earnings report on October 27, 2023. Analysts estimate an earnings per share (EPS) of $0.61. The company's past performance shows a mixed trend of beating and missing EPS estimates. The company's shares were trading at $15.05 as of October 25, with a 34.56% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:02 pm

WT

WisdomTree (NYSE:WT) is set to release its quarterly earnings report on October 27, 2023. Analysts estimate an earnings per share (EPS) of $0.10. The company's stock performance has been generally positive over the last 52-week period, with shares up 21.85%. Last quarter, the company beat EPS estimates by $0.01, which was followed by a 0.0% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:02 pm

SCKT

Socket Mobile (NASDAQ:SCKT) is set to release its quarterly earnings report on 2023-10-27, with analysts estimating an EPS of $-0.07. The company's past performance shows a pattern of share price drops following earnings reports, even when beating estimates. The stock has been trading at $0.96 as of October 24, with a 52-week drop of 50.76%.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:02 pm

SMP

Standard Motor Products (NYSE:SMP) is set to release its latest quarterly earnings report on October 27, 2023. Analysts estimate an EPS of $0.98. The company's stock performance has been generally negative over the last 52-week period, with shares down 17.63%. Last quarter, the company missed EPS by $0.14, resulting in a 0.57% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:02 pm