Streetbeat News

Earnings

BIIB

Biogen is planning to update its FY23 financial guidance in conjunction with its Q3 earnings release. The company's acquisition of Reata is expected to be slightly dilutive to its Non-GAAP diluted Earnings Per Share (EPS) in 2023, roughly neutral in 2024, and significantly accretive beginning in 2025.

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July 28, 2023 | 11:12 am

BAH

Booz Allen Hamilton's shares are trading higher following positive first-quarter results.

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July 28, 2023 | 11:11 am

CHD

Church & Dwight has increased its FY23 adjusted EPS forecast to $3.15, representing a 6% growth, up from the previous forecast of 2%-4%. The new forecast surpasses the consensus estimate of $3.11.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:08 am

DAN

Dana Incorporated (NYSE:DAN) has revised its FY23 expectations, projecting a diluted adjusted EPS of $0.65-$1.05, up from the previous estimate of $0.25-$0.75. The company also expects FY23 sales to range between $10.45 billion and $10.95 billion, an increase from the prior view of $10.35 billion-$10.85 billion.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:07 am

WT

WisdomTree (NYSE:WT) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.08 by 12.5%. This is a 28.57% increase from the same period last year. The company also reported quarterly sales of $85.72 million, beating the analyst consensus estimate of $84.63 million by 1.29%. This is a 10.97% increase from the same period last year.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 11:06 am

NWL

Newell Brands has lowered its FY23 outlook, with adjusted EPS now expected to be $0.80 - $0.90, down from the previous $0.95 - $1.08. Revenue is also expected to be lower, at $8.20 - $8.34B, down from the previous $8.40B - $8.60B. The company's outlook for operating cash flow remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:04 am

STEL

Stellar Bancorp (NYSE:STEL) reported Q2 earnings of $0.66 per share, missing the analyst consensus estimate of $0.68 by 2.94%. The company also reported quarterly sales of $113.76 million, missing the analyst consensus estimate of $116.78 million by 2.58%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:04 am

TROW

T. Rowe Price Gr (NASDAQ:TROW) reported Q2 earnings of $2.02 per share, beating the analyst consensus estimate of $1.71 by 18.13%. This is a 12.85% increase from the same period last year. The company also reported quarterly sales of $1.61 billion, beating the analyst consensus estimate of $1.58 billion by 1.96%, a 6.41% increase from the same period last year.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 11:03 am

DAN

Dana (NYSE:DAN) reported Q2 adjusted earnings of $0.37 per share, beating the analyst consensus estimate of $0.17 by 117.65%. This is a 362.5% increase over earnings of $0.08 per share from the same period last year. The company also reported quarterly sales of $2.75 billion, beating the analyst consensus estimate of $2.74 billion by 0.29%. This is a 6.26% increase over sales of $2.59 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:02 am

CPLP

Capital Product Partners (NASDAQ:CPLP) reported Q2 earnings of $0.75 per share, beating the analyst consensus estimate of $0.69 by 8.7%. However, this is a 25% decrease from the same period last year. The company also reported quarterly sales of $88.50 million, beating the analyst consensus estimate of $82.38 million by 7.43%. This is a 19.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:02 am