Streetbeat News

Earnings

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) reported weaker-than-expected earnings for its fourth quarter, with adjusted EPS decreasing 18% to $0.67, missing the consensus of $0.69. However, the company's quarterly sales increased 9.2% YoY to $35.4 billion, beating the consensus of $34.82 billion. The company also provided lower-than-expected guidance for fiscal year 2024. Despite the weak earnings, the company's dividend yield of 7.94% may attract investors seeking income.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:46 pm

C

Citigroup's shares are trading higher following the release of their Q3 earnings report.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 12:32 pm

DRPRF

DRPRY

Porsche AG reported a 10% increase in global deliveries for the first three quarters of 2023, with a total of 242,722 vehicles delivered. However, deliveries in China slumped by 12% due to ongoing economic challenges. All other markets showed positive growth, with Europe seeing a 23% increase and Germany a 19% increase. The company's shares (DRPRF) closed lower by 1.56% at $9.43 on Thursday.

Portfolio Pulse from Shivani Kumaresan

October 13, 2023 | 12:29 pm

PGR

Progressive reported Q3 earnings of $1.89 per share, beating the analyst consensus estimate of $1.72 by 9.88%. This is a 263.46% increase from the same period last year. However, the company's quarterly sales of $14.89 billion missed the analyst consensus estimate of $15.46 billion by 3.66%, though it's a 20.12% increase from last year.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 12:27 pm

PGR

Progressive Corporation reported Q3 earnings of $1.89 per share, an increase from $0.20 per share last year. However, the company's quarterly sales of $14.89 billion missed the analyst consensus estimate of $15.46 billion by 3.66 percent, despite being a 20.12 percent increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:27 pm

WFC

Wells Fargo & Company (NYSE:WFC) reported Q3 net interest of $13.1 billion, up 8% Y/Y, primarily due to the impact of higher interest rates. The bank's Q3 EPS reached $1.48, beating the consensus of $1.24 and $0.86 a year ago. Q3 revenues were $20.86 billion, up 21% Y/Y, above the consensus of $20.11 billion. The bank earned Q3 profits of $5.77 billion, up 61% from $3.59 billion a year earlier. For FY23, Wells Fargo expects net interest income to be ~16% higher than the FY22 level of $45.0 billion.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 12:20 pm

BLK

C

JPM

PGR

PNC

UNH

WFC

Several companies are scheduled to report their quarterly earnings on October 13, 2023. These include BlackRock, Citigroup, JPMorgan Chase, Wells Fargo, Progressive, PNC Financial Services Group, and UnitedHealth Group. The earnings per share and revenue expectations for each company have been provided.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 12:14 pm

PSQH

PSQ Holdings, Inc. (NYSE:PSQH) reported preliminary 3Q23 revenue of approximately $2.2M, a 300% increase from Q2 23. The company's DTC brand EveryLife achieved over $3.5M of annualized subscription revenue in its first two months. PSQH ended 3Q23 with over $25M cash on balance sheet and expects its first profitable quarter in 2024. The company will report 3Q23 financial results on November 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:09 pm

BLK

BlackRock Inc (NYSE:BLK) reported Q3 FY23 revenue growth of 4.9% Y/Y to $4.52 billion, slightly missing the consensus of $4.54 billion. The growth was driven by organic growth, market movements impact on average AUM, and higher technology services revenue. The company's adjusted EPS increased 14% Y/Y to $10.91, beating the consensus of $8.26. Total AUM stood at $9.10 trillion as of September 30, 2023. However, BLK shares are trading lower by 2.54% at $620.00 premarket.

Portfolio Pulse from Akanksha Bakshi

October 13, 2023 | 12:05 pm

SGH

SMART Global Holdings (SGH) reported worse-than-expected Q4 financial results and issued Q1 EPS and revenue guidance below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:05 pm