Streetbeat News

Earnings

RXO

RXO shares are trading lower following the company's announcement of worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:37 am

EA

Electronic Arts Inc (NASDAQ:EA) shares fell despite reporting strong Q1 results for fiscal 2024. Analysts from Benchmark, Truist, Wedbush, and Roth Capital Partners provided mixed reviews, with some maintaining Buy ratings while others reduced price targets. The success of EA Sports FIFA and Star Wars Jedi: Survivor contributed to the company's growth, but Q2 guidance was lower than expected due to Apex Legends weakness and marketing investments.

Portfolio Pulse from Priya Nigam

August 04, 2023 | 11:36 am

OI

O-I Glass reported Q2 financial results and issued EPS guidance for Q3, Q4, and FY23. The company's shares are trading lower, possibly due to these results and overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:36 am

NI

NiSource has reported lower customer usage in Q2 due to industrial outages.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:36 am

LFUS

Littelfuse shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:35 am

SPR

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported Q2 FY23 revenue growth of 8% YoY to $1.36 billion, beating consensus estimates. However, the company's stock plummeted as Q2 adjusted EPS loss expanded to $(1.46) from $(1.21) a year ago, missing consensus estimates. The company also mentioned that the IAM strike will negatively impact its 2023 performance, reducing full-year 737 deliveries and impacting expected revenue, earnings, and cash flow.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 11:35 am

ROCK

Gibraltar Industries reported better-than-expected Q2 financial results, leading to a rise in its share prices. The company also reaffirmed its FY23 revenue guidance and increased its adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:35 am

ALIT

Alight Inc. reported its Q2 financial results, which led to a decrease in its stock price. The overall market weakness may also be contributing to the stock's decline.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:35 am

CNDT

Conduent Incorporated reported Q2 revenues of $915 million, beating the analyst consensus of $900 million. The company's Q2 Adjusted EPS of $0.01 also beat the street view of ($0.01) loss. Despite some commercial volumes being impacted by industry softness, increased interest rates positively impacted the BenefitWallet business. The company reiterated its FY23 Adjusted Revenue guidance of $3.70 billion-$3.80 billion.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 11:35 am

TRI

Thomson Reuters Corp (NYSE: TRI) reported Q2 FY23 revenue growth of 2% YoY to $1.65 billion, slightly missing the consensus of $1.66 billion. Organic revenues increased by 5%, driven by recurring revenues. The company's 'Big 3' segments reported organic revenue growth of 7%. Adjusted EPS of $0.84 beat the consensus of $0.77. The company generated $596 million in free cash flow and held $2.86 billion in cash and equivalents. CEO Steve Hasker expressed confidence in AI opportunities. The company expects Q3 organic revenue growth rate to be at the high end of the full year, 5.5% - 6.0%.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:35 am