Streetbeat News

Earnings

PODC

PodcastOne announced a year-over-year increase in preliminary Q2 and H1 2024 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:34 pm

RTX

RTX Corporation reported a 12% YoY increase in Q3 FY23 adjusted net sales to $18.95 billion, beating the consensus of $18.59 billion. The company also reported a GAAP sales decline of 21% YoY to $13.46 billion. Adjusted EPS improved 3% YoY to $1.25, beating the consensus of $1.21. The company repurchased $1.4 billion of RTX shares and announced a $10 billion accelerated share repurchase program. RTX also announced a definitive agreement to sell its Cybersecurity, Intelligence and Services business for ~$1.3 billion.

Portfolio Pulse from Akanksha Bakshi

October 24, 2023 | 4:33 pm

FMC

Shares of FMC Corp (NYSE:FMC) continued to decline after the company announced its Q3 and full-year outlook. Analysts from Morgan Stanley, BMO Capital Markets, RBC Capital Markets, and KeyBanc Capital Markets have all provided their take on the situation, with most downgrading their ratings and lowering their price targets for FMC. The company's full-year EBITDA guide down to around $1 billion was described as 'shocking' and represents a 29% YoY contraction in sales.

Portfolio Pulse from Priya Nigam

October 24, 2023 | 4:24 pm

NUE

Nucor Corporation's shares are trading higher following the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:22 pm

NUE

Nucor Corp (NYSE:NUE) reported a 16.4% YoY decline in Q3 FY23 net sales to $8.78 billion, beating the consensus of $8.31 billion. EPS fell to $4.57 from $6.50 a year ago, beating the consensus of $4.25. The company's average sales price per ton decreased by 14% YoY and fell 3% QoQ. Nucor expects earnings to decrease QoQ due to lower pricing across all three operating segments. NUE shares are trading higher by 3.94% at $146.02.

Portfolio Pulse from Akanksha Bakshi

October 24, 2023 | 4:21 pm

AAN

Aarons Holdings reported worse-than-expected Q3 financial results and lowered its FY23 guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:21 pm

BCS

Barclays' shares are trading lower after the company released its Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:08 pm

WRB

WR Berkley's shares are trading higher following the release of their Q3 results.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:08 pm

SMPL

Simply Good Foods Co.'s Q4 FY23 sales increased by 16.9% YoY to $320.418 million, slightly missing the consensus of $320.77 million. Adjusted EPS was $0.45, in line with consensus. Gross profit increased by $18.6 million from the year-ago period, with gross margin expanding from 37.1% to 37.6% due to lower ingredient and packaging costs. The company expects FY24 net sales to increase at the high end of its long-term algorithm of 4%-6%. SMPL shares are trading higher by 5.56% to $34.40.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 4:02 pm

UHS

Universal Health Servs (NYSE:UHS) is set to release its latest quarterly earnings report on Wednesday, 2023-10-25. Analysts estimate an earnings per share (EPS) of $2.36. The company's past performance shows a mixed impact on the share price post-earnings announcement. The stock was trading at $124.98 as of October 23, with a 14.19% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 4:02 pm