Streetbeat News

Earnings

OSBC

Old Second Bancorp (NASDAQ:OSBC) reported Q2 adjusted earnings of $0.56 per share, beating the analyst consensus estimate of $0.53 by 5.66%. However, the company's quarterly sales of $71.80 million missed the analyst consensus estimate of $74.31 million by 3.37%. The earnings represent an 80.65% increase from the same period last year, while the sales represent a 31.81% increase.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:00 pm

KARO

Karooooo reported a 24% year-over-year increase in its Q1 total revenue to approximately $53.95 million. The company's earnings per share (EPS) for the quarter was around $0.2754.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:57 pm

AAL

American Airlines shares are trading higher in sympathy with United, which reported better-than-expected Q2 results and issued strong FY23 guidance.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:52 pm

LVS

Las Vegas Sands' shares are trading lower after the company reported its Q2 earnings.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:49 pm

UAL

United Airlines reported better-than-expected Q2 results and issued strong FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:48 pm

LVS

Las Vegas Sands (NYSE:LVS) reported Q2 revenue of $2.54 billion, up over 100% YoY and beating the Street estimate of $2.39 billion. EPS was 46 cents, beating the estimate of 43 cents. The company cited a recovery in travel and tourism spending in Macau and Singapore for the strong results. The company also announced the resumption of its return of capital program, including a 20-cent quarterly dividend. However, LVS shares are down 3% in after-hours trading.

Portfolio Pulse from Chris Katje

July 19, 2023 | 8:48 pm

FNB

F N B (NYSE:FNB) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.38 by 2.63%. This is a 25.81% increase from the same period last year. The company also reported quarterly sales of $409.55 million, beating the analyst consensus estimate of $406.14 million by 0.84%. This is a 21.95% increase from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 19, 2023 | 8:46 pm

IBM

IBM reported Q2 earnings of $2.18 per share, beating the $2.01 estimate, but missed revenue estimates with $15.47 billion against the $15.57 billion consensus. The company's net cash from operating activities is up $1.8 billion to $6.4 billion, and free cash flow is up $100 million to $3.4 billion. IBM expects full-year 2023 free cash flow at $10.5 billion. The company ended Q2 with $16.3 billion in cash and marketable securities, up $7.5 billion from year-end 2022. IBM's shares traded 0.89% higher to $135.48 at market close, but fell 0.87% in after-hours trading.

Portfolio Pulse from AJ Fabino

July 19, 2023 | 8:45 pm

NFLX

Netflix reported mixed Q2 results and issued soft Q3 sales guidance, leading to a drop in its share price. The company also expects lower cash content spend in 2023 due to timing of production starts and ongoing WGA and SAG-AFTRA strikes.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:43 pm

FR

First Industrial Realty (NYSE:FR) reported Q2 earnings of $0.61 per share, up 8.93% YoY. Quarterly sales were $152.22 million, beating the analyst consensus estimate of $148.86 million by 2.26% and marking a 17.05% increase YoY.

Portfolio Pulse from totan@benzinga.com

July 19, 2023 | 8:40 pm