Streetbeat News

Earnings

KMPR

Kemper Corporation (NYSE:KMPR) has announced its Q3 2023 preliminary results, which include an estimated net loss between $140 million and $150 million and an estimated adjusted consolidated net operating loss between $25 million and $35 million. The net loss includes a $56 million after-tax non-cash charge related to the termination of Kemper's remaining pension plan obligations and approximately $25 million of after-tax net realized losses on investments. The company reaffirmed its guidance and provided updates on strategic initiatives, including the establishment of Kemper Reciprocal Exchange and the anticipation of a $250+ million Life dividend to parent in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:32 pm

HSTM

HealthStream reported Q3 GAAP EPS of $0.13, up from $0.12 YoY. However, the company's sales of $70.30M missed the estimate of $70.66M.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:32 pm

CLF

Cleveland-Cliffs Inc. (NYSE:CLF) reported Q3 earnings of 54 cents per share, beating the analyst consensus estimate of 43 cents. The company also reported quarterly sales of $5.61 billion, beating the analyst consensus estimate of $5.58 billion. The company's Chairman, President and CEO Lourenco Goncalves stated that the company generated over $600 million in free cash flow in the quarter and continued to use this strong cash generation to pay down debt and buy back shares. Despite the positive earnings report, shares of CLF were down 1.15% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 23, 2023 | 8:32 pm

AMRX

Amneal Pharmaceuticals has announced preliminary Q3 net revenue of $610M-$620M, which is higher than the estimated $585.69M.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:31 pm

DHC

Diversified Healthcare Trust (DHC) has provided an update on its Senior Housing Operating Portfolio (SHOP) for September 2023. The occupancy was 79.4%, 660 basis points below September 2019, but 10 basis points above August 2023. The Resident Fees and Services revenue was $96.1 million, 4.0% below September 2019, but 1.5% above August 2023. The net operating income (NOI) was $8.8 million, 40.0% below September 2019, but 66.4% above August 2023.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:28 pm

KREF

KKR Real Estate Finance (KREF) reported Q3 earnings of $0.25 per share, beating the analyst consensus estimate of $0.22 by 13.64%. However, this is a 50% decrease from the same period last year. The company also reported quarterly sales of $44.61 million, beating the estimate of $42.90 million by 3.99%, but this is a 5.71% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:27 pm

RBB

RBB Bancorp reported Q3 earnings of $0.63 per share, a 27.59% decrease YoY. However, the company's quarterly sales of $35.30 million beat the analyst consensus estimate of $32.43 million by 8.85%, despite being a 14.97% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:26 pm

CBNK

Capital Bancorp reported Q3 earnings of $0.70 per share, beating the analyst consensus estimate of $0.59 by 18.64%. However, this is a 9.09% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 8:22 pm

TBI

TrueBlue's shares are trading lower following the company's Q3 financial results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:22 pm

SSD

Simpson Manufacturing Company has projected its capital expenditures for FY23 to be around $100 million. The company also expects its operating margin to be between 22.0% and 22.5%.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:21 pm