Streetbeat News

Earnings

AVY

Avery Dennison (NYSE:AVY) reported Q3 adjusted earnings of $2.10 per share, in line with analyst consensus. However, the company's quarterly sales of $2.098 billion missed the analyst consensus estimate of $2.17 billion by 3.36 percent. This represents a 14.63 percent decrease in earnings and a 9.45 percent decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:47 am

EVR

Evercore reported Q3 adjusted EPS of $1.30, beating estimates of $1.19. The company also reported net revenues of $570.2M and adjusted net revenues of $576.1M.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:47 am

GM

HMC

Honda Motor Co (NYSE:HMC) and General Motors Co (NYSE:GM) have cancelled their plans to develop affordable electric vehicles (EVs). The decision was due to business difficulties, according to Honda's CEO. In addition, GM has withdrawn its EV production targets, including the 100,000 EV target for the second half of this year and the cumulative 400,000 target from 2022 to the first half of 2024. GM's operating income fell 11.1% year-over-year to $3.01 billion in the third quarter.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 10:46 am

TNL

Travel+Leisure has lowered its FY23 Adjusted EBITDA outlook to $900M-$915M from the previous estimate of $925M-$945M. The company also expects Q4 Adjusted EBITDA of $233M-$248M and forecasts Q4 Adjusted EPS of $1.32-$1.46, which is lower than the estimate of $1.54.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:39 am

MSM

MSC Industrial Supply has released its FY24 outlook, predicting ADS growth of 0%-5%, an adjusted operating margin of 12%-12.8%, and operating cash flow conversion of over 125%. The sales outlook assumes a 160 basis point headwind from non-repeating Public Sector sales and expects market headwinds related to the UAW strike to alleviate in early Q2 of FY24.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:38 am

BSBR

Banco Santander reported Q3 earnings of $0.18 per share, beating the analyst consensus estimate of $0.15 by 20%. This is a 28.57% increase from the same period last year. The company also reported quarterly sales of $12.21 billion, beating the analyst consensus estimate of $3.73 billion by 227.37%. This is a 20.51% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

October 25, 2023 | 10:36 am

PB

Prosperity Bancshares reported Q3 earnings of $1.20 per share, a 19.46% decrease from last year. The company's quarterly sales were $278.27 million, missing the analyst consensus estimate of $279.90 million by 0.58%.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:35 am

MKTX

MarketAxess has reported its Q3 2023 earnings with a diluted EPS of $1.46, down from $1.58 YoY. The company's revenue of $172.3M missed the estimate of $176.7M.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:33 am

SAN

Banco Santander reported Q3 earnings of $0.19 per share, beating the analyst consensus estimate of $0.17 by 11.76%. This is a 35.71% increase YoY. The company also reported $16.18 billion in sales, a 19.07% increase YoY.

Portfolio Pulse from mahesh@benzinga.com

October 25, 2023 | 10:33 am

WAB

Wabtec Corporation has projected its 2023 adjusted EPS to be between $5.80 and $6.00, higher than the estimated $5.71. The company also forecasts sales to range from $9.5 billion to $9.7 billion, surpassing the estimated $9.45 billion.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:33 am