Streetbeat News

Earnings

CMBM

Cambium Networks reported worse-than-expected Q2 results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:44 am

ROVR

Rover Group's shares are trading higher following the company's Q2 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:44 am

ABOIF

CCEP

KO

Coca-Cola Europacific Partners PLC (CCEP) and Aboitiz Equity Ventures Inc (ABOIF) plan to jointly acquire Coca-Cola Beverages Philippines from The Coca-Cola Company (KO) for $1.8 billion. The deal will make CCEP the world's largest Coca-Cola bottler by revenue and volume. Post-acquisition, the ownership structure will be 60:40 between CCEP and AEC. The transaction is expected to close by the end of FY23. CCEP also reported H1 FY23 revenue growth of 8.5% Y/Y and raised its FY23 guidance.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 10:44 am

JHG

Janus Henderson Group (NYSE:JHG) reported Q2 earnings of $0.62 per share, beating the analyst consensus estimate of $0.58 by 6.9%. However, the company's quarterly sales of $516.50 million missed the analyst consensus estimate of $521.61 million by 0.98%. This represents a 1.59% decrease in earnings and a 7.02% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:43 am

FRSH

Freshworks reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:43 am

AAPL

Weak demand for iPhones in the US and South America, and flat demand in China, could lead to Apple Inc.'s largest Q3 revenue drop since 2016. The slowdown is attributed to a weak economy and anticipation for the iPhone 15 series launch in September. The Americas region is expected to see a 6% revenue decline, with iPhone revenue expected to decline by 2% overall.

Portfolio Pulse from Rounak Jain

August 04, 2023 | 10:42 am

MCK

PINS

PSX

QCOM

SBUX

Phillips 66, Starbucks Corporation, McKesson Corporation, Pinterest, Inc., and QUALCOMM Incorporated are the stocks to watch heading into Wednesday. Phillips 66 is expected to post quarterly earnings of $3.54 per share on revenue of $32.13 billion. Starbucks reported better-than-expected earnings for its third quarter, but sales missed estimates. McKesson is expected to have earned $5.88 per share on revenue of $70.25 billion for the latest quarter. Pinterest posted upbeat earnings and sales results for its second quarter. QUALCOMM is expected to report quarterly earnings at $1.81 per share on revenue of $8.51 billion.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 10:42 am

FMS

Fresenius Medical Care reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.24 by 33.33%. The company's quarterly sales of $5.26 billion also surpassed the analyst consensus estimate of $5.19 billion by 1.33%. However, this represents a 21.95% decrease in earnings and a 3.73% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:41 am

HLN

Haleon (NYSE:HLN) reported a decrease in quarterly earnings from $0.13 per share last year to $0.10 per share this year, a 16% decrease. However, the company's sales increased by 4.65% from $6.74 billion last year to $7.06 billion this year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:41 am

YUM

Yum! Brands, Inc. (NYSE:YUM) is expected to report higher Q2 earnings at $1.24 per share, up from $1.05 a year ago, with revenues of $1.75 billion. The company's shares fell 1% to close at $136.36 on Tuesday. Several analysts have recently updated their price targets for the company, with the highest target set at $179 by Citigroup.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 10:41 am