Streetbeat News

Earnings

ASTI

GM

INM

LIAN

MKFG

TBI

TRU

General Motors (GM) reported better-than-expected Q3 results with sales growth of 5.4% YoY to $44.13 billion, beating the analyst consensus estimate of $43.68 billion. InMed Pharmaceuticals (INM), Ascent Solar Technologies (ASTI), and LianBio (LIAN) saw their shares rise after positive news. However, TrueBlue (TBI), TransUnion (TRU), and Markforged Holding Corporation (MKFG) shares dropped due to weaker-than-expected Q3 results and lowered guidance.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 4:59 pm

CLF

Cleveland-Cliffs reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:58 pm

RLI

RLI Corp's shares are trading higher following the company's report of a year-over-year increase in Q3 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:57 pm

CBU

Community Bank System (CBU) reported worse-than-expected Q3 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:56 pm

HXL

Hexcel Corporation reported worse-than-expected Q3 financial results, causing its shares to trade lower. The company also reaffirmed its guidance.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:54 pm

XRX

Xerox reported mixed Q3 financial results and reduced its FY23 revenue guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:52 pm

ADM

Archer-Daniels-Midland Company (NYSE:ADM) reported Q3 FY23 sales of $21.695 billion, missing the consensus of $23.68 billion. However, its adjusted EPS of $1.63 beat the analyst consensus of $1.52. The company's Ag Services and Oilseeds segment were lower year-over-year, while the Carbohydrate Solutions segment saw higher results. Nutrition results were significantly lower due to lower market demand for plant-based proteins in meat alternatives. ADM shares are trading lower by 2.43% at $70.64.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 4:49 pm

ITW

Illinois Tool Works Inc. (NYSE:ITW) reported Q3 FY23 revenue growth of 0.5% YoY to $4.031 billion, missing the consensus of $4.09 billion. The company lowered its full-year GAAP EPS guidance due to the impact of ongoing automotive industry labor actions. ITW's shares traded lower by 0.21% at $221.99 on last check Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 4:47 pm

BIIB

GLD

SFIX

The article discusses the potential of an unnamed oversold industrial stock that insiders are buying ahead of its earnings release this week. The stock has a Relative Strength Index (RSI) below 20 and a Piotroski F-Score of 8, indicating it is oversold but financially strong. The company's shares plummeted about 25% after mixed earnings last quarter, but five directors, including the chairman, bought more shares in the open market. The article suggests that the stock could bounce if the earnings are less terrible than the market has already priced in.

Portfolio Pulse from David Pinsen

October 24, 2023 | 4:41 pm

AWI

Armstrong World Industries reported better-than-expected Q3 financial results, narrowed FY23 revenue guidance above estimates, and raised FY23 adjusted EPS guidance above estimates. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:41 pm