Streetbeat News

Earnings

GATX

GATX Corporation has updated its FY23 earnings per share (EPS) guidance, now expecting it to modestly exceed the high end of its previously guided range of $6.50-$6.90. This is against the estimated EPS of $6.98.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:35 pm

RTX

Raytheon Technologies reported better-than-expected Q3 financial results, updated its guidance, and announced a $10 billion accelerated share-repurchase program. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:35 pm

VZ

Verizon Communications Inc reported its Q3 FY23 results, showing a sales decline of 2.6% YoY to $33.34 billion, beating the consensus of $33.25 billion. Adjusted EPS of $1.22 also beat the consensus of $1.18. The company reported total wireless service revenue of $19.3 billion, up 2.9% YoY, and ended the quarter with approximately 10.3 million broadband subscribers, up 21% YoY. Verizon reiterated a 2.5% - 4.5% wireless service revenue growth and expects free cash flow above $18 billion, a $1 billion increase from the previously issued guidance. Following the announcement, VZ shares traded higher by 3.82% at $32.59 in premarket.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:35 pm

GATX

GATX reported Q3 adjusted earnings of $1.44 per share, missing the analyst consensus estimate of $1.47 by 2.04%. However, this is a 28.57% increase over earnings of $1.12 per share from the same period last year. The company also reported quarterly sales of $360.10 million, beating the analyst consensus estimate of $344.02 million by 4.67%. This is a 12.18% increase over sales of $321.00 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:32 pm

HOUS

Anywhere Real Estate (NYSE:HOUS) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.32 by 53.13%. This is a 74.14% decrease from the same period last year. The company also reported quarterly sales of $1.58 billion, missing the analyst consensus estimate of $1.62 billion by 2.22%, a 12.39% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

October 24, 2023 | 12:24 pm

TECK

Teck Resources (NYSE:TECK) reported Q3 earnings of $0.57 per share, missing the analyst consensus estimate of $0.82 by 30.49%. This is a 57.14% decrease from the same period last year. The company also reported quarterly sales of $2.68 billion, missing the analyst consensus estimate of $2.70 billion by 0.63%. This is a 25.06% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:24 pm

NWFL

Norwood Financial (NASDAQ:NWFL) reported a decrease in Q3 earnings and sales YoY. Earnings per share fell by 49% to $0.51 from $1.00, and sales dropped by 14.76% to $17.34 million from $20.35 million.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:23 pm

SFNC

Simmons First Ntl (NASDAQ:SFNC) reported Q3 adjusted earnings of $0.39 per share, beating the analyst consensus estimate of $0.35 by 11.43%. However, this is a 39.06% decrease from last year's earnings. The company's quarterly sales of $196.21 million missed the analyst consensus estimate of $205.29 million by 4.42%, marking a 17.07% decrease from last year's sales.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:20 pm

SPOT

Spotify Technology SA reported Q3 FY23 revenue growth of 11% YoY to $3.65 billion, beating the consensus of $3.34 billion. Premium Revenue grew 10% YoY to €2.91 billion, helped by subscriber additions. Total MAUs rose 26% YoY to 574 million. Premium Subscribers grew 16% YoY to 226 million. The company held €3.8 billion in cash and equivalents and generated €216 million in free cash flow. SPOT shares traded higher by 2.04% at $157.76 premarket on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:19 pm

CRNC

LAES

NTCT

NVEC

VRNT

The article lists five tech stocks that are currently oversold and could potentially boost a portfolio. These include SEALSQ Corp, Cerence Inc., NVE Corporation, Verint Systems Inc., and NetScout Systems, Inc. The companies have reported various financial results, with some experiencing growth and others facing challenges. The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 12:17 pm