Streetbeat News

Earnings

CMI

Cummins Inc. reported lower than expected Q2 adjusted EPS results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:40 pm

WCC

WESCO's shares are trading lower after the company reported a miss on its Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:39 pm

QCOM

Qualcomm's Q3 revenue fell short of expectations, and the company's guidance for future performance is also below estimates. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:39 pm

COKE

Coca-Cola Consolidated's shares are trading higher following the release of their Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:39 pm

MMP

OKE

Magellan Midstream Partners LP (MMP) reported Q2 2023 revenues of $877.2 million, beating the consensus of $797.9 million. The company also raised its FY23 net income per unit guidance from $4.95 to $5.05. In Q2, Magellan inked a merger agreement with ONEOK Inc (OKE) in a cash-and-stock transaction valued at approximately $18.8 billion.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 1:39 pm

MGM

MGM Resorts International reported Q2 financial results, which led to a decrease in its stock price. Barclays maintained an Overweight rating on the stock but lowered its price target from $64 to $62.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:39 pm

CFLT

Confluent's shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:38 pm

VAC

Marriott Vacations reported disappointing Q2 results and lowered its FY23 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:38 pm

TKR

Timken reported a Q2 miss and lowered its FY23 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:38 pm

RELY

Remitly Global's shares are trading higher after the company reported better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:37 pm