Streetbeat News

Earnings

NEP

NextEra Energy Partners reported mixed Q3 financial results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:50 pm

MMM

3M reported better-than-expected Q3 financial results and raised its FY23 adjusted EPS guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:48 pm

CR

Crane Company reported better-than-expected Q3 financial results and raised its 2023 adjusted EPS guidance. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:47 pm

MEDP

Medpace reported a year-over-year increase in Q3 GAAP EPS and better-than-expected Q3 sales results, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:44 pm

TECK

Teck Resources reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:41 pm

CALX

Calix Inc. reported its Q3 financial results and issued guidance, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:40 pm

TFII

TFI International reported worse-than-expected Q3 earnings per share (EPS) results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:39 pm

TRU

TransUnion's shares fell by around 25% after the company reported worse-than-expected Q3 FY23 financial results, issued Q4 adjusted EPS and revenue guidance below estimates, and lowered FY23 guidance. The company reported revenue of $968.7 million, missing the consensus of $982.3 million. Adjusted EPS of $0.91 missed the consensus of $0.94. The company also identified a triggering event requiring an interim impairment test for its U.K. reporting unit, which led to a goodwill impairment of $495 million.

Portfolio Pulse from Lekha Gupta

October 24, 2023 | 3:37 pm

MMM

3M Co reported Q3 FY23 adjusted net sales of $8.02 billion, a 3% YoY decline, but beat the consensus of $7.97 billion. Adjusted EPS was $2.68, beating the consensus of $2.34. The company reported an operating loss of $2.65 billion. Adjusted EBITDA increased 4.6% YoY to $2.33 billion. The company returned $828 million to shareholders via dividends. 3M raised its FY23 outlook following EBITDA margin expansion.

Portfolio Pulse from Akanksha Bakshi

October 24, 2023 | 3:35 pm

NFLX

Netflix's stock surged by 16% following a significant growth in its subscriber base, driven by the introduction of an ad-supported tier which led to a 70% spike in subscriptions. The company's Q3 earnings exceeded expectations, reaching $3.73 per share against the estimated $3.49. Despite a previous decline, the stock price soared above the $400 resistance level. However, it still needs to surpass the $423 level, a key resistance since June 2018.

Portfolio Pulse from Zaheer Anwari

October 24, 2023 | 3:31 pm