Streetbeat News

Earnings

PRK

Park National Corporation (PRK) has reported its Q3 earnings per share (EPS) at $2.28.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:48 pm

TSLA

Tesla Inc. (TSLA) shares had their worst week of the year following disappointing Q3 earnings. CEO Elon Musk was criticized by analysts for his attitude during the earnings call. Analysts also criticized Musk for not discussing growth initiatives and efforts to drive EV adoption. Despite the losses, Tesla's stock is still up approximately 74% year-to-date.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 8:48 pm

AGNC

AGNC Investment has released its preliminary Q3 results, indicating a tangible net book value of approximately $8.08 per share. The company also reported a total comprehensive loss of $(1.02) per share and net spread and dollar roll income of $0.65 per share, excluding a $0.05 per share 'catch-up' premium amortization benefit.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:47 pm

PKG

Packaging Corp of America (NYSE:PKG) reported Q3 adjusted earnings of $2.05 per share, beating the analyst consensus estimate of $1.93 by 6.22%. However, this is a 27.56% decrease from the same period last year. The company's quarterly sales were $1.94 billion, missing the analyst consensus estimate of $1.99 billion by 2.71%, and marking an 8.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:46 pm

BVFL

BV Financial, Inc. (NASDAQ:BVFL) reported a YoY increase in EPS from $0.33 to $0.35 for the quarter ended September 30, 2023. The company's net income for the quarter was $3.7 million, up from $2.6 million in the same period last year. The company also reported a net income of $10.7 million for the nine-month period ended September 30, 2023, up from $7.8 million in the same period last year. The company completed its conversion from a mutual holding company to a stock holding company in July 2023, raising $98.0 million from the sale of new shares. The company's total assets increased by 10.2% to $931.4 million, while total liabilities decreased by 1.43% to $736.5 million.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:40 pm

NUE

Nucor (NYSE:NUE) reported Q3 earnings of $4.57 per share, beating the analyst consensus estimate of $4.25 by 7.53%. However, this is a 29.69% decrease from the same period last year. The company also reported quarterly sales of $8.78 billion, surpassing the analyst consensus estimate of $8.31 billion by 5.66%, but marking a 16.39% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:38 pm

CATY

Cathay General (NASDAQ:CATY) reported Q3 earnings of $1.13 per share, beating the analyst consensus estimate of $1.10 by 2.73%. However, this is a 16.3% decrease from the same period last year. The company's quarterly sales were $193.48 million, missing the analyst consensus estimate of $196.86 million by 1.72%, and marking a 6.72% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:36 pm

CALX

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

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:35 pm

AMZN

GOOG

GOOGL

META

Alphabet Inc. is set to release its Q3 earnings report, with analysts predicting robust performance. The company's earnings per share (EPS) is expected to be $1.46, and revenue is projected at $76.02 billion. This would mark the highest performance since Q4 2021 and a 38% increase compared to the same quarter in 2022. Goldman Sachs and Evercore have a bullish outlook on Alphabet, citing growing revenues from Search and YouTube Ads, and AI-related initiatives. Wedbush also views Alphabet as a top tech pick, alongside Amazon and Meta Platforms.

Portfolio Pulse from Piero Cingari

October 23, 2023 | 8:35 pm

MKFG

Markforged has announced preliminary Q3 revenue of approximately $20M. The company also revised its 2023 revenue forecast to $90M-$95M, which is below the low end of its previous range.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:34 pm