Streetbeat News

Earnings

KO

Coca-Cola (NYSE:KO) reported better-than-expected Q3 FY23 results, with sales growth of 8% YoY to $11.95 billion, beating the analyst consensus estimate of $11.44 billion. The company also raised its FY23 organic revenue growth outlook from 8%-9% to 10%-11%. Coca-Cola's dividend yield is currently 3.31%, which equates to a quarterly dividend of 46 cents a share. To earn $500 monthly from Coca-Cola dividends, an investor would need to own approximately $181,442 worth of Coca-Cola, or 3,261 shares.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 12:01 pm

APH

Amphenol (NYSE:APH) reported Q3 earnings of $0.78 per share, beating the analyst consensus estimate of $0.74 by 5.41%. However, this is a 2.5% decrease from the same period last year. The company also reported quarterly sales of $3.20 billion, beating the analyst consensus estimate of $3.10 billion by 3.19%, but this is a 2.91% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:01 pm

SBT

Sterling Bancorp (NASDAQ:SBT) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $16.38 million, missing the analyst consensus estimate of $17.27 million by 5.17%. This is a 14.62% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

October 25, 2023 | 11:59 am

R

Ryder System (NYSE:R) reported Q3 adjusted earnings of $3.58 per share, beating the analyst consensus estimate of $3.22 by 11.18%. However, this is a 19.55% decrease from the same period last year. The company's quarterly sales were $2.92 billion, missing the analyst consensus estimate of $2.99 billion by 2.21%, and marking a 3.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:56 am

UBSI

United Bankshares (NASDAQ:UBSI) reported Q3 earnings of $0.71 per share, beating the analyst consensus estimate of $0.65 by 9.23%. However, this is a 6.58% decrease from the same period last year. The company also reported quarterly sales of $262.10 million, beating the analyst consensus estimate of $256.20 million by 2.30%, but this is a 4.12% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:54 am

HOPE

RF

WU

The most accurate Wall Street analysts have recommended holding three high-yielding financial stocks: Hope Bancorp, Inc. (NASDAQ:HOPE), Regions Financial Corporation (NYSE:RF), and The Western Union Company (NYSE:WU). These stocks have dividend yields of 6.72%, 6.77%, and 7.08% respectively. However, both Hope Bancorp and Regions Financial reported weaker-than-expected Q3 earnings, while Western Union is expected to release its Q3 results soon.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 11:49 am

LRN

Stride Inc's Q1 FY24 results exceeded expectations, with revenue of $480.2 million, a 12.9% Y/Y increase, beating the consensus of $451.2 million. The company's EPS of $0.11 also surpassed the estimated loss of $(0.35). Stride's shares are trading higher by around 16% following the announcement. The company's outlook for Q2 and FY24 also exceeds estimates.

Portfolio Pulse from Lekha Gupta

October 25, 2023 | 11:42 am

IMAX

Imax reported Q3 adjusted earnings of $0.35 per share, beating the analyst consensus estimate of $0.23 by 52.17%. This is an 800% increase from the same period last year. The company also reported quarterly sales of $103.90 million, beating the analyst consensus estimate of $100.72 million by 3.16%, a 51.12% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:39 am

GREE

Greenidge Generation reported preliminary Q3 revenue of approximately $21M, which is lower than the estimated $22.6M. The company also reported a net loss from continuing operations of between $7M and $8M. Greenidge ended the quarter with approximately $10.7 million of cash and approximately $89.5 million of debt.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:37 am

BA

Boeing has reaffirmed its guidance and expects to see $4.5B-$6.5B of operating cash flow. The company also anticipates $3B-$5B in non-GAAP free cash flow.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:34 am