Streetbeat News

Earnings

XEL

Xcel Energy has revised its FY2023 adjusted EPS guidance from $3.30-$3.40 to $3.32-$3.37, slightly below the estimated $3.36. The company has also initiated its 2024 EPS guidance at $3.50-$3.60 per share.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:09 am

AVTR

Avantor reported Q3 earnings of $0.25 per share, meeting analyst consensus. This is a 26.47% decrease from last year. The company's quarterly sales of $1.72 billion beat the analyst consensus of $1.70 billion by 0.95%, but this is a 7.34% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:08 am

XEL

Xcel Energy (NASDAQ:XEL) reported Q3 earnings of $1.23 per share, missing the analyst consensus estimate of $1.27 by 3.15%. The company's quarterly sales were $3.66 billion, missing the analyst consensus estimate of $4.00 billion by 8.50%. This represents a 4.24% increase in earnings but a 10.34% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:07 am

SWK

Stanley Black & Decker has increased its FY23 adjusted EPS outlook from $0.70-$1.30 to $1.10-$1.40.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:07 am

SWK

Stanley Black & Decker's Q3 adjusted earnings per share of $1.05 beat the analyst consensus estimate of $0.83 by 26.51%, a 38.16% increase from the same period last year. However, the company's quarterly sales of $3.953 billion missed the analyst consensus estimate of $3.965 billion by 0.30%, a 4.05% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:04 am

ARCB

ArcBest (NASDAQ:ARCB) reported Q3 adjusted earnings of $2.31 per share, beating the analyst consensus estimate of $1.50 by 54%. However, this is a 39.05% decrease from the same period last year. The company's quarterly sales of $1.13 billion missed the analyst consensus estimate by 0.18%, marking an 11.60% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:04 am

AON

Aon (NYSE:AON) reported Q3 earnings of $2.32 per share, beating the analyst consensus estimate of $2.21 by 4.98%. This is a 14.85% increase from the same period last year. The company also reported quarterly sales of $2.95 billion, beating the analyst consensus estimate of $2.89 billion by 2.18%, a 9.53% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:03 am

E

Eni (NYSE:E) reported Q3 earnings of $1.18 per share, a 44.6% decrease from $2.13 YoY. Sales also decreased by 35.36% to $24.28 billion from $37.56 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:56 am

BETR

ENPH

F

IBRX

NWG

SEDG

SNY

Several major stocks including Enphase Energy, Sanofi, NatWest Group, SolarEdge Technologies, ImmunityBio, Better Home & Finance Holding Company, and Ford Motor Company are recording losses in today's pre-market trading session. This is due to various reasons such as lower third-quarter revenue, weak guidance for the fourth quarter, and weaker-than-expected earnings.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 9:52 am

AMZN

Under CEO Andy Jassy, Amazon Inc. (NASDAQ:AMZN) has seen its profit margins nearing record highs due to cost-cutting strategies. Jassy has eliminated 27,000 jobs, cut risky ventures, and transformed Amazon’s fulfillment network. Revenue from advertising services surged 26%, exceeding $12 billion. The third-quarter earnings report disclosed an operating margin of 7.8%, the highest since a record of 8.2% in Q1 2021. Despite a slowdown in AWS revenue growth, Amazon’s stock rose by over 5% to $125.98.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 9:44 am