Streetbeat News

Earnings

BANC

CFG

KBE

KRE

PACW

WAL

XLF

ZION

S&P Global Ratings has reported that credit and funding costs are impacting the Q3 earnings of US regional banks. The report suggests that these factors could lead to a decrease in profitability for these banks.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:26 pm

BANC

Banc of California's shares are trading lower following the company's Q3 revenue results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:25 pm

DOV

Dover Corp (NYSE:DOV) reported Q3 FY23 revenue of $2.153 billion, missing the analyst consensus estimate of $2.22 billion. Organic revenue fell 2%. Adjusted EPS of $2.35 beat the consensus estimate of $2.33. The company has revised its FY23 outlook to a more conservative stance due to changes in market conditions observed in Q3. DOV shares are trading lower by 2.16% at $130.96.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 3:20 pm

WASH

Washington Trust Bancorp reported a year-over-year decrease in Q3 EPS results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:20 pm

BTCUSD

GOOG

IEF

MSFT

QQQ

SPY

The pullback in yields is bringing in buyers to the stock market, with notable earnings reports from Microsoft Corp and Alphabet Inc Class C expected after market close. Earnings from Coca-Cola Co, Verizon Communications Inc., Rtx Corp, Dow Inc, 3M Co, Sherwin-Williams Co, General Motors Co, and General Electric Co are better than expected, while earnings from HCA Healthcare Inc, AGNC Investment Corp, Corning Incorporated, Packaging Corp Of America, and Polaris Inc are worse than expected. Positive money flows are observed in Microsoft, Alphabet, Meta Platforms Inc, Amazon.com, Inc., NVIDIA Corp, and Tesla Inc, while neutral in Apple Inc, and mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The article also mentions buying in Bitcoin and speculative stocks.

Portfolio Pulse from The Arora Report

October 24, 2023 | 3:14 pm

HSTM

HealthStream reported a year-over-year increase in Q3 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:13 pm

PKG

Packaging Corp Of America (NYSE:PKG) reported a Q3 FY23 sales decline of 8.94% YoY to $1.94 billion, missing the analyst consensus estimate of $1.99 billion. Adjusted EPS of $2.05 beat the consensus estimate of $1.93. The company's CEO highlighted cost-effective operations, including keeping the Wallula, WA mill temporarily idled during the quarter. PKG shares were up 2.4% at $148.00 at the time of publication.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 3:10 pm

TBI

TrueBlue's shares are trading lower following the company's Q3 financial results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:09 pm

AGYS

Agilysys reported better-than-expected Q2 financial results and raised its FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:09 pm

INGR

LND

Ingredion (NYSE:INGR) has announced a dividend payout of $0.78 per share, resulting in an annualized dividend yield of 2.85%. The company has shown a positive trend in dividend per share and earnings per share from 2019 to 2022, indicating a strong financial position. Brasilagro - Cia Bras (NYSE:LND) has the highest annualized dividend yield at 17.24% among its industry peers.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 3:05 pm