Streetbeat News

Earnings

FISV

Fiserv has revised its FY23 organic revenue growth outlook to 11% from the previous range of 9%-11%. The company also adjusted its EPS to $7.47-$7.52 from $7.40-$7.50, which is higher than the estimated $7.42.

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October 24, 2023 | 11:09 am

RTX

Raytheon Technologies Corporation (RTX) has updated its FY2023 adjusted EPS guidance from $4.95-5.05 to $4.98-5.02, slightly below the estimated $5.02. The company also increased its FY2023 adjusted sales guidance from $73.00B-74.00B to $74B, surpassing the estimated $72.98B. RTX reported sales of approximately $68.5 billion, up from $67.5 - $68.5 billion. The company also increased its share repurchase spending from $3.0 billion to $12.8 billion.

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October 24, 2023 | 11:08 am

SASR

Sandy Spring Bancorp reported Q3 adjusted earnings of $0.62 per share, beating the analyst consensus estimate of $0.56 by 10.71%. However, the company's quarterly sales of $85.08 million missed the analyst consensus estimate of $88.05 million by 3.37%. This represents a 22.5% decrease in earnings and a 24.68% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:07 am

GTX

Garrett Motion (NASDAQ:GTX) reported Q3 earnings of $0.23 per share, a 9.52% increase YoY. However, the company's quarterly sales of $960.00 million missed the analyst consensus estimate of $995.00 million by 3.52%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:06 am

FI

Fiserv reported Q3 adjusted earnings of $1.96 per share, beating the analyst consensus estimate of $1.93 by 1.55%. This is a 20.25% increase from the same period last year. The company also reported quarterly sales of $4.87 billion, beating the analyst consensus estimate of $4.61 billion by 5.70%. This is a 7.86% increase from the same period last year.

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October 24, 2023 | 11:06 am

PNR

Pentair has updated its FY23 guidance, expecting an adjusted EPS of $3.70-$3.75, compared to the previous range of $3.65-$3.75 and consensus of $3.73. The company also anticipates sales to decrease by approximately 1% on a reported basis, an improvement from the previous estimate of a 2% decrease to flat. The company's GAAP EPS from continuing operations is estimated to be $3.25-$3.30. Pentair's full year free cash flow is expected to be approximately 100% of net income.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:04 am

ABG

Asbury Automotive Gr (NYSE:ABG) reported Q3 adjusted earnings of $8.12 per share, missing the analyst consensus estimate of $8.44 by 3.79%. This is a 12.03% decrease from the same period last year. The company also reported quarterly sales of $3.67 billion, missing the analyst consensus estimate of $3.77 billion by 2.73%, a 5.17% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:04 am

VZ

Verizon has projected its adjusted EPS for 2023 to be between $4.55 and $4.85, which is higher than the estimated $4.42.

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October 24, 2023 | 11:03 am

VZ

Verizon Communications Inc. has projected its free cash flow to exceed $18 billion in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:02 am

SHW

Sherwin-Williams reported Q3 adjusted earnings of $3.20 per share, beating the analyst consensus estimate of $2.77 by 15.52%. This is a 13.07% increase from the same period last year. The company also reported quarterly sales of $6.12 billion, beating the analyst consensus estimate of $6.02 billion by 1.59%. This is a 1.14% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:02 am