Streetbeat News

Earnings

NAVI

Navient Corporation reported Q2 adjusted revenues of $221 million, missing the consensus of $223.17 million. The company's net interest income plunged 27.4% Y/Y to $106 million, primarily due to the loan portfolio's paydown and a reduced Floor Income earned. The company's GAAP equity-to-asset ratio was 4.5% in the quarter under review, and its adjusted tangible equity ratio of 8.4%. NAVI shares are trading lower by 1.65% to $19.02.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 5:01 pm

LAD

Lithia Motors' shares are trading higher after the company reported strong Q2 results.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:46 pm

MMSI

Merit Medical Systems has issued its FY23 EPS guidance, which is lower than the estimates. This has led to a decrease in the company's share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:45 pm

CFFI

C&F Financial (NASDAQ:CFFI) reported a decrease in its Q2 earnings per share (EPS) to $1.84, down from $1.91 YoY, representing a 3.66% decrease.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:45 pm

LIVN

LivaNova's shares are trading higher following the company's strong Q2 results and an upgraded financial outlook.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:45 pm

ALLE

Allegion's shares are trading lower after the company reported mixed Q2 results.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:44 pm

RCI

Rogers Communications Inc (NYSE:RCI) reported a 30% Y/Y increase in Q2 FY23 revenue to C$5.05 billion. The company also saw a 32% Y/Y growth in total service revenue to C$4.53 billion, largely due to higher revenue growth in the Cable and Wireless businesses. Adjusted EBITDA increased 38% Y/Y to C$2.19 billion. The company declared a quarterly dividend of C$0.50 on each of its outstanding Class B Non-Voting shares and Class A Voting shares. RCI revised its FY23 outlook for adjusted EBITDA growth to 33%-36% and free cash flow to C$2.20 billion-C$2.50 billion.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 4:44 pm

CSGP

CoStar Group has issued a soft Q3 guidance, leading to a decrease in its share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:43 pm

TXN

Texas Instruments Inc (NASDAQ:TXN) shares dropped after the company reported Q2 results. Analysts from Susquehanna, BMO Capital Markets, Oppenheimer, and KeyBanc Capital Markets provided their insights. While Q2 results were better due to strong auto chip sales, Q3 is expected to be flat. Analysts noted potential gross margin weakness and sluggish end-markets, except for auto. The company's shares declined by 5.30% to $176.21.

Portfolio Pulse from Priya Nigam

July 26, 2023 | 4:40 pm

ODFL

Old Dominion Freight Line reported mixed Q2 results and announced a new repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:38 pm