Streetbeat News

Earnings

LW

Lamb Weston's shares are trading lower after the company reported its Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:42 pm

CCK

Crown Holdings' shares are trading higher, reversing the downward trend observed late Monday due to mixed earnings and soft guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:40 pm

MMM

3M Co reported Q2 FY23 adjusted net sales of $7.99 billion, a 4.7% YoY decline, beating the consensus of $7.87 billion. Adjusted EPS was $2.17, down 11.4% YoY, above the consensus of $1.72. The company's gross margin expanded by 320 bps to 44.7%, with a gross profit of $3.72 billion (+3% YoY). 3M's shares are trading higher by 5.00% at $109.48.

Portfolio Pulse from Akanksha Bakshi

July 25, 2023 | 4:40 pm

AURC

BFRG

BLPH

ELBM

GE

HGEN

NMTC

US stocks traded mixed with the Dow Jones gaining over 50 points. General Electric reported better-than-expected Q2 results with revenues of $16.70 billion, an 18% YoY increase, beating the consensus of $15 billion. Adjusted EPS was $0.68, up from $0.36 a year ago, beating the consensus of $0.46. GE raised its FY23 guidance based on first-half performance and continued second-half strength. Other stocks mentioned include Electra Battery Materials, Aurora Acquisition Corp, Bullfrog AI Holdings, Humanigen, Bellerophon Therapeutics, and NeuroOne Medical Technologies.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 4:32 pm

AI

There has been a significant option alert for C3.ai with Sep 15 $45 calls sweep near the ask, involving 161 contracts at $4.6 each, compared to an open interest of 1189. The company is expected to announce earnings on August 30 after market close. The reference price is $40.02.

Portfolio Pulse from Charles Gross

July 25, 2023 | 4:30 pm

BIIB

Biogen's shares are trading lower following the company's Q2 results announcement.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:27 pm

MCO

Moody's Corp reported Q2 FY23 sales growth of 8% YoY to $1.49 billion, beating the analyst consensus. Moody's Analytics revenue climbed 11% YoY and Moody's Investor Service grew 6%. The company also reported increased investor demand for high-quality credits and higher-than-expected investment grade activity. The company held $2.3 billion in cash and equivalents as of June 30, 2023, and had $7.2 billion of outstanding debt. Moody's raised its FY23 adjusted EPS outlook and revenue guidance.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 4:23 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading higher by 1.32% to $349.68. The company's fourth-quarter earnings report is expected after the market close today. Analysts estimate a revenue of $55.47 billion and EPS of $2.55. In the previous fiscal year's fourth quarter, Microsoft recorded earnings per share of $2.23 and revenue of $51.87 billion. The company expects fourth-quarter revenue to be between $54.85 billion and $55.85 billion.

Portfolio Pulse from Henry Khederian

July 25, 2023 | 4:19 pm

DAL

JBLU

LUV

UAL

ULCC

Airline stocks are trading lower in sympathy with Alaska Air, which reported Q2 earnings and guided 0-3% topline growth in the third quarter. This has affected the stocks of DAL, JBLU, LUV, UAL, ULCC.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:18 pm

LBTYA

Liberty Global's shares are trading lower following the release of their Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:15 pm