Streetbeat News

Earnings

VRT

Vertiv has increased its FY23 revenue outlook to $6.83B - $6.85B, up from the previous $6.71B - $6.91B. The company also raised its adjusted EPS forecast to $1.69 - $1.73 from $1.54 - $1.64.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:02 am

CSTM

Constellium (NYSE:CSTM) reported Q3 earnings of $0.47 per share, beating the analyst consensus estimate of $0.45 by 4.44%. However, this is a 47.19% decrease from the same period last year. The company's quarterly sales were $1.86 billion, missing the analyst consensus estimate of $1.94 billion by 4.23%, and marking an 8.83% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:02 am

OC

Owens-Corning (NYSE:OC) reported Q3 adjusted earnings of $4.15 per share, beating the analyst consensus estimate of $3.82 by 8.64%. This is a 16.25% increase from the same period last year. However, the company's quarterly sales of $2.48 billion missed the analyst consensus estimate of $2.53 billion by 1.98%, a 1.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:02 am

HLT

Hilton's Q3 adjusted EPS matched estimates at $1.67, while total revenues of $2.673B exceeded the estimated $2.62B.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:01 am

TMO

Thermo Fisher Scientific reported Q3 earnings of $5.69 per share, beating the analyst consensus estimate of $5.61 by 1.43%. This is a 12.01% increase from the same period last year. However, the company's quarterly sales of $10.57 billion missed the analyst consensus estimate of $10.59 billion by 0.19%, marking a 1.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:00 am

VRT

Vertiv Holdings Co (VRT) has projected its Q4 FY23 sales to be between $1.828B and $1.853B, surpassing the consensus estimate of $1.82B. The company also expects its adjusted EPS to be between $0.48 and $0.52, higher than the consensus estimate of $0.47.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:59 am

VRT

Vertiv Hldgs (NYSE:VRT) reported Q3 adjusted earnings of $0.52 per share, beating the analyst consensus estimate of $0.44 by 18.18%. This is a 126.09% increase from the same period last year. However, the company's quarterly sales of $1.74 billion missed the analyst consensus estimate of $1.75 billion by 0.40%, though it's a 17.69% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:57 am

ATEC

CSGP

GOOGL

IBRX

IDYA

SPWR

TDOC

TXN

VICR

Several US stocks recorded losses in Wednesday's pre-market trading session. Vicor Corporation, Alphatec Holdings, IDEAYA Biosciences, SunPower Corporation, CoStar Group, ImmunityBio, Teladoc Health, Alphabet Inc., and Texas Instruments Incorporated all saw their shares decline. The reasons for the declines varied, with some companies reporting worse-than-expected sales results, others pricing public offerings, and some restating financial statements.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 9:49 am

EDU

New Oriental Education & Technology Group Inc. (EDU) expects its Q2 total net revenues to be between $785M and $804.2M, representing an increase of 23%-26% year over year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:32 am

EDU

New Oriental Education (NYSE:EDU) reported Q1 adjusted net income per ADS attributable of $1.13, beating the analyst consensus estimate of $0.81 by 39.51%. This is a 135.42% increase from the same period last year. The company also reported quarterly sales of $1.10 billion, beating the analyst consensus estimate of $1.01 billion by 8.91%. This is a 47.69% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:29 am