Streetbeat News

Earnings

NVS

Novartis has raised its FY23 outlook due to strong momentum. The company now expects its core operating income to grow mid to high teens, up from the previous guidance of low double digit to mid-teens growth. The forecast for net sales growth remains unchanged at high single digit.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:24 am

NVS

Novartis (NYSE:NVS) reported Q3 earnings of $1.74 per share, beating the analyst consensus estimate of $1.70 by 2.35%. This is a 10.13% increase from the same period last year. The company also reported quarterly sales of $11.78 billion, beating the analyst consensus estimate of $11.40 billion by 3.33%. However, this is a 6.08% decrease from the same period last year. Novartis also announced key innovation milestones, including positive Phase 3 data for multiple pipeline assets with blockbuster potential.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:14 am

PAC

Grupo Aeroportuario del (NYSE:PAC) reported Q3 earnings of $3.00 per share, beating the analyst consensus estimate of $2.93 by 2.39%. This is a 15.38% increase from the same period last year. However, the company's quarterly sales of $395.74 million missed the analyst consensus estimate of $450.60 million by 12.17%, but still represented an 18.55% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:51 am

GE

General Electric (GE) is expected to report higher Q3 earnings of 56 cents per share, up from 35 cents per share a year ago. However, the company's revenue might decrease to $15.7 billion from $18.62 billion in the year-ago period. Several analysts have recently updated their price targets for GE, with the highest target set at $135 by Citigroup.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 5:15 am

LOGI

Logitech has raised its full-year outlook for Fiscal Year 2024. The company now expects revenues to be between $4.0 billion and $4.15 billion, up from the previous estimate of $3.8 billion to $4.0 billion. Non-GAAP operating income is also expected to increase to $525 million - $575 million from the previous $400 million - $500 million.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:28 am

CADE

Cadence Bank (NYSE:CADE) reported Q3 earnings of $0.56 per share, missing the analyst consensus estimate of $0.57 by 1.75 percent. This represents a 28.21 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:15 am

LOGI

Logitech International (NASDAQ:LOGI) reported Q2 earnings of $1.09 per share, beating the analyst consensus estimate of $0.60 by 81.67%. This is a 29.76% increase from the same period last year. The company also reported quarterly sales of $1.06 billion, beating the analyst consensus estimate of $966.17 million by 9.40%. However, this is an 8.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:13 am

HLX

Helix Energy Solns Gr (NYSE:HLX) reported Q3 earnings of $0.10 per share, missing the analyst consensus estimate of $0.21 by 52.38%. However, the company's quarterly sales of $395.67 million beat the estimate of $346.10 million by 14.32%. This represents a 183.33% increase in earnings and a 45.17% increase in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 10:27 pm

PKG

Packaging Corporation Of America (PKG) has projected its Q4 earnings per share (EPS), excluding special items, to be $1.76, which is higher than the estimated $1.73.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 9:42 pm

TFII

TFI International (NYSE:TFII) reported Q3 adjusted earnings of $1.57 per share, missing the analyst consensus estimate of $1.73 by 9.25%. This is a 21.89% decrease from the same period last year. However, the company's quarterly sales of $1.91 billion beat the analyst consensus estimate of $1.87 billion by 2.19%, despite being a 14.76% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 9:34 pm