Streetbeat News

Earnings

GM

General Motors (GM) reported Q3 FY23 sales growth of 5.4% YoY to $44.13 billion, beating the analyst consensus estimate of $43.68 billion. Q3 deliveries increased by 5.2% YoY to 1.62 million units. However, costs and expenses rose by 6.8% YoY to $41.1 billion, and operating income fell by 11.1% YoY to $3.01 billion. Adjusted EPS of $2.28 beat the consensus estimate of $1.88. GM shares are trading higher by 1.30% in premarket.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 12:37 pm

HCA

HCA Healthcare reported mixed Q3 financial results and updated guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:36 pm

HXL

Hexcel Corporation reported weaker-than-expected Q3 results, with earnings of 38 cents per share and sales of $419.50 million, both below market estimates. The company reaffirmed FY23 earnings of $1.80 to $1.94 per share and revenue of $1.765 billion to $1.835 billion. Hexcel offers an annual dividend yield of 0.73%, which is a quarterly dividend amount of $0.1250 per share. To earn $500 per month from dividends, an investment of approximately $819,817 or around 12,632 shares is needed.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 12:36 pm

GATX

GATX Corporation has updated its FY23 earnings per share (EPS) guidance, now expecting it to modestly exceed the high end of its previously guided range of $6.50-$6.90. This is against the estimated EPS of $6.98.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:35 pm

RTX

Raytheon Technologies reported better-than-expected Q3 financial results, updated its guidance, and announced a $10 billion accelerated share-repurchase program. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:35 pm

VZ

Verizon Communications Inc reported its Q3 FY23 results, showing a sales decline of 2.6% YoY to $33.34 billion, beating the consensus of $33.25 billion. Adjusted EPS of $1.22 also beat the consensus of $1.18. The company reported total wireless service revenue of $19.3 billion, up 2.9% YoY, and ended the quarter with approximately 10.3 million broadband subscribers, up 21% YoY. Verizon reiterated a 2.5% - 4.5% wireless service revenue growth and expects free cash flow above $18 billion, a $1 billion increase from the previously issued guidance. Following the announcement, VZ shares traded higher by 3.82% at $32.59 in premarket.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:35 pm

GATX

GATX reported Q3 adjusted earnings of $1.44 per share, missing the analyst consensus estimate of $1.47 by 2.04%. However, this is a 28.57% increase over earnings of $1.12 per share from the same period last year. The company also reported quarterly sales of $360.10 million, beating the analyst consensus estimate of $344.02 million by 4.67%. This is a 12.18% increase over sales of $321.00 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:32 pm

HOUS

Anywhere Real Estate (NYSE:HOUS) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.32 by 53.13%. This is a 74.14% decrease from the same period last year. The company also reported quarterly sales of $1.58 billion, missing the analyst consensus estimate of $1.62 billion by 2.22%, a 12.39% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

October 24, 2023 | 12:24 pm

TECK

Teck Resources (NYSE:TECK) reported Q3 earnings of $0.57 per share, missing the analyst consensus estimate of $0.82 by 30.49%. This is a 57.14% decrease from the same period last year. The company also reported quarterly sales of $2.68 billion, missing the analyst consensus estimate of $2.70 billion by 0.63%. This is a 25.06% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:24 pm

NWFL

Norwood Financial (NASDAQ:NWFL) reported a decrease in Q3 earnings and sales YoY. Earnings per share fell by 49% to $0.51 from $1.00, and sales dropped by 14.76% to $17.34 million from $20.35 million.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:23 pm