Streetbeat News

Earnings

ORLY

O'Reilly Automotive has reported its Q2 earnings per share (EPS) at $10.22, surpassing the estimated $10.09. The company's sales also exceeded expectations, coming in at $4.07 billion against the estimated $3.99 billion.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:48 am

META

QQQ

SPY

US stocks are expected to open strong on Thursday, boosted by strong earnings from Meta Platforms and a relief rally from the Federal Reserve. However, an analyst from Morgan Stanley advises caution and recommends rebalancing towards 'value-style' and 'growth at a reasonable price' stocks. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose. Meta Platforms shares surged over 8.50% following its quarterly results release.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 11:48 am

CMCSA

Comcast Corp reported positive second-quarter results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:47 am

FBP

First BanCorp (NYSE:FBP) reported Q2 earnings of $0.37 per share, beating the analyst consensus estimate of $0.35 by 5.71%. However, this is a 2.63% decrease from the same period last year. The company's quarterly sales were $199.81 million, missing the analyst consensus estimate of $201.56 million by 0.87%, but this is a 1.85% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:45 am

FCN

FTI Consulting has revised its FY23 outlook, with revenue now expected to be between $3.33B and $3.40B, down from the previous estimate of $3.33B to $3.47B. The EPS is now projected to be between $6.50 and $7.20, down from the previous estimate of $6.80 to $7.70.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:43 am

ABBV

AbbVie has increased its FY23 adjusted EPS guidance from $10.57-$10.97 to $10.90-$11.10, which is higher than the consensus of $10.85.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:41 am

ABBV

AbbVie reported Q2 earnings of $2.91 per share, beating the analyst consensus estimate of $2.80 by 3.93%. However, this is a 13.65% decrease from the same period last year. The company also reported quarterly sales of $13.87 billion, beating the estimate of $13.52 billion by 2.55%, but this is a 4.92% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:39 am

SHYF

Shyft Group reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.21 by 19.05%. However, the company's quarterly sales of $225.10 million missed the analyst consensus estimate of $256.60 million by 12.28%. This represents a 3.06% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:38 am

ASPS

Altisource Portfolio (NASDAQ:ASPS) reported Q2 losses of $(0.68) per share, missing the analyst consensus estimate of $(0.55) by 23.64%. The company also reported quarterly sales of $33.17 million, missing the analyst consensus estimate of $39.76 million by 16.57%. This represents a 2.86% increase in losses and an 11.86% decrease in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:38 am

OTLY

Oatly has announced a reduction in its 2023 sales guidance, but maintains its expectation to achieve a fourth quarter gross margin target in the high 20%s.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:37 am