Streetbeat News

Earnings

TMHC

Taylor Morrison Home Corp (TMHC) expects to close approximately 2,600 homes in Q3.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 10:16 am

TMHC

Taylor Morrison Home (NYSE:TMHC) reported Q2 earnings of $2.12 per share, beating the analyst consensus estimate of $1.68 by 26.19%. However, this is a 6.61% decrease from the same period last year. The company also reported quarterly sales of $2.06 billion, beating the analyst consensus estimate of $1.69 billion by 21.89%, and marking a 3.26% increase from the same period last year.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 10:16 am

OTIS

Otis has revised its full year outlook for FY23, raising its adjusted EPS to $3.45-$3.50 from $3.40-$3.50 and adjusted sales to $14B-$14.3B from $13.9B-$14.2B. The company also expects organic sales to increase by 4.5 to 6%, with new equipment sales up 3 to 5% and service sales up 6 to 7%. Adjusted operating profit is projected to be $2.25 to $2.28 billion, and free cash flow is expected to be $1.5 to $1.55 billion. Otis also plans to repurchase $800 million of its shares.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:12 am

STLA

Stellantis NV reported a 12% YoY revenue growth in 1H FY23 to €98.4 billion, driven by higher shipments. Revenue in North America, Enlarged Europe, and Middle East & Africa rose by 8%, 11%, and 55% respectively. Global BEV sales increased 24% YoY to 169,000 vehicles. The company's net profit for 1H FY23 increased 37% to €10.9 billion. Stellantis repurchased €0.7 billion in shares in 1H 2023 and plans to complete the €1.5 billion share buyback program by the end of 2023. STLA shares are trading higher by 2.38% at $18.95 in premarket.

Portfolio Pulse from Shivani Kumaresan

July 26, 2023 | 10:09 am

CSTM

Constellium has projected its adjusted EBITDA to be between €700 million and €720 million, with a free cash flow exceeding €150 million in 2023.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:08 am

OTIS

Otis Worldwide reported Q2 earnings of $0.92 per share, beating the analyst consensus estimate of $0.86 by 6.98%. The company also reported quarterly sales of $3.72 billion, surpassing the analyst consensus estimate of $3.58 billion by 3.91%. Both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:07 am

LIVN

LivaNova has increased its FY23 adjusted EPS guidance to $2.55 - $2.75, up from the previous $2.50 - $2.70. The new estimate surpasses the $2.59 consensus estimate.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:07 am

TENB

Tenable Holdings reported better-than-expected Q3 earnings and issued strong guidance, leading to a rise in its share price.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 10:06 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q2 earnings of $11.73 per share, beating the analyst consensus estimate of $11.08 by 5.87%. However, this is a 2.25% decrease from the same period last year. The company also reported quarterly sales of $4.56 billion, beating the analyst consensus estimate of $4.36 billion by 4.59%, and marking a 10.01% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:06 am

UMC

United Microelectronics (NYSE:UMC) reported Q2 earnings of $0.204 per share, beating the analyst consensus estimate of $0.15 by 36 percent. The company also reported quarterly sales of $1.81 billion, surpassing the analyst consensus estimate of $1.78 billion by 1.69 percent.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:06 am