Streetbeat News

Earnings

FXI

MMM

The Co-CEO of 3M Co has stated in a conference call that the company has observed continued weakness in electronics, consumer retail, and China.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 1:07 pm

AVY

Avery Dennison's shares are trading lower following the company's worse-than-expected Q2 FY23 results and below-consensus Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:06 pm

ALK

MKFG

RTX

TBI

XPON

In Tuesday's pre-market session, several industrial stocks saw significant movement. Markforged Holding, Expion360, CACI International, Sentage Hldgs, Freight Technologies, and Xos saw gains, while TrueBlue, RTX, Singularity Future Tech, Addentax Group, Aenza, and Alaska Air Gr experienced losses. TrueBlue, RTX, and Alaska Air Gr's Q2 earnings reports were recently released.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 1:05 pm

NVR

NVR reported Q2 earnings of $116.54 per share, beating the analyst consensus estimate of $100.33 by 16.16%. However, this is a 5.75% decrease from the same period last year. The company's quarterly sales of $2.34 billion missed the analyst consensus estimate of $2.35 billion by 0.43%, marking a 12.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:02 pm

ETRN

KMI

SFL

Three energy stocks with high dividend yields have been highlighted by Wall Street's most accurate analysts. Equitrans Midstream Corporation (ETRN) has a dividend yield of 6.38%, SFL Corporation Ltd. (SFL) has a yield of 10.28%, and Kinder Morgan, Inc. (KMI) has a yield of 6.35%. Recent news for these companies includes better-than-expected Q1 results for ETRN, a net profit of $6.3 million for SFL in Q1, and downbeat sales for KMI in Q2.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 1:01 pm

HSTM

HealthStream Inc (NASDAQ:HSTM) reported better-than-expected Q2 earnings with EPS of $0.13, up 30% YoY, beating the consensus of $0.09. Sales increased 5% YoY to $69.2 million, surpassing the consensus of $68.89 million. The company reaffirmed its FY23 sales guidance of $277.5 million - $283 million. Analysts from William Blair reiterated an Outperform rating, citing a solid demand environment for healthcare workforce efficiency and training solutions.

Portfolio Pulse from Vandana Singh

July 25, 2023 | 12:55 pm

GLW

Corning Inc's shares are trading lower following mixed Q2 results and weak Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:51 pm

DOV

Dover Corp (NYSE:DOV) reported a Q2 2023 revenue decline of 3% Y/Y to $2.10 billion, missing the consensus of $2.20 billion. Adjusted EPS declined 4% Y/Y to $2.05, also missing the consensus of $2.20. The company's ERP system upgrade disrupted manufacturing and shipment, reducing revenue and EPS. Dover revised its 2023 guidance, expecting adjusted EPS of $8.85-$9.00 and revenue growth of 2%-4%. DOV shares are trading lower by 3.35% premarket.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 12:48 pm

HONE

HarborOne Bancorp reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.16 by 6.25%. However, this is a 19.05% decrease from the same period last year. The company's quarterly sales of $32.10 million missed the analyst consensus estimate of $32.17 million by 0.22%, marking a 13.70% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:48 pm

GM

GM's CEO Mary Barra announced that Chevrolet will introduce a next-generation Bolt, an affordable all-electric vehicle. The new Bolt will incorporate Ultium and Ultifi technologies and is expected to join Chevrolet's growing lineup of all-electric vehicles. Sales of Bolt EV and Bolt EUV have been the strongest to date, with 80% of Bolt owners staying loyal to Chevy and nearly 70% of buyers trading in a non-GM product for Bolt.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:47 pm