Streetbeat News

Earnings

INDV

Pharmaceutical company Indivior PLC (NASDAQ:INDV) has settled the claims in the In re Suboxone Antitrust Litigation, agreeing to pay $385 million and incurring a charge of $228 million in Q3. This marks the end of the litigation, providing greater certainty for Indivior stakeholders. The company also reported preliminary Q3 results with revenue of $268 million-$273 million and adjusted operating income of $55 million-$65 million. The settlement payment is expected to be made in November 2023.

Portfolio Pulse from Lekha Gupta

October 23, 2023 | 3:27 pm

TRKA

Troika Media Group (NASDAQ:TRKA) reported Q2 earnings per share (EPS) of $(0.73), a 67.56% increase from $(2.25) YoY. The company also reported sales of $58.69M, a 739.13% increase from $6.99M YoY.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 3:19 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

USO

The Arora Report suggests that gold may break above the resistance zone, with significant buying likely coming from Asia. The 10-year Treasury yields are near 5%, causing volatility as Wall Street machines sell stocks on yields above 5% and buy on yields below 5%. 30% of S&P 500 earnings are this week, with key earnings from Microsoft, Alphabet, Meta Platforms, and Amazon. Early trade money flows are positive in Meta, NVIDIA, and Microsoft, but negative in Amazon, Alphabet, Tesla, and Apple. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Bitcoin is above $30,000 as excitement builds on a potential spot bitcoin ETF.

Portfolio Pulse from The Arora Report

October 23, 2023 | 3:19 pm

ESLT

Elbit Systems (NASDAQ:ESLT) is distributing a dividend payout of $0.50 per share, with an annualized dividend yield of 0.97%. The company has shown a steady growth in its dividend per share from $1.76 to $2.00 between 2019 and 2022. Additionally, earnings per share increased from $6.24 to $6.49 during the same period, indicating potential for future cash dividend payout increases.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:05 pm

TSX:TCL

Transcontinental (TSX:TCL) has announced a dividend payout of $0.23 per share, demonstrating an annualized dividend yield of 6.86%. The company has maintained a stable dividend per share of $0.90 from 2020 to 2022. However, the company's earnings per share have decreased from $2.60 in 2020 to $2.19 in 2022, raising concerns about the company's financial stability and its ability to sustain the distribution of profits to shareholders.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:05 pm

CMCT

Creative Media (NASDAQ:CMCT) is set to distribute a dividend payout of $0.09 per share, resulting in an annualized dividend yield of 8.40%. The company has seen a growth in its dividend per share from $0.30 to $0.34 between 2020 and 2022. However, during the same period, its earnings per share decreased from $1.42 to $-0.91, indicating a potential impact on the company's ability to sustain or increase its cash dividend payouts.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:05 pm

ROP

SAP

Roper Techs (NASDAQ:ROP) has announced a dividend payout of $0.68 per share, demonstrating an annualized dividend yield of 0.56%. The company's dividend per share has shown a positive trend, increasing from $1.90 in 2019 to $2.54 in 2022. Additionally, Roper Techs has shown an upward trend in earnings, with earnings per share rising from $12.88 to $15.12 from 2019 to 2022. The company's dividend yield falls in the middle range when compared to its industry peers, with SAP (NYSE:SAP) having the highest annualized dividend yield at 1.71%.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:05 pm

RVSB

UBFO

Riverview Bancorp (NASDAQ:RVSB) is set to distribute a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 4.28%. The company has seen a notable growth in its dividend per share from $0.18 in 2019 to $0.23 in 2022. The earnings per share also increased from $0.76 in 2019 to $0.89 in 2022. When compared to its industry peers, Riverview Bancorp's dividend yield is in the middle, with United Security (NASDAQ:UBFO) having the highest annualized dividend yield at 6.68%.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:05 pm

IPDP

SPY

Ahead of a big week of earnings, the SPDR S&P 500 (NYSE:SPY) dropped about 0.6% on Monday. This follows Tesla's double miss on earnings last week, which led to a nearly 10% drop in its stock and a general market slide. The SPY closed under the 200-day simple moving average (SMA) on Friday, indicating a possible bear cycle. Meanwhile, the Innovative Portfolios’ Dividend Performers ETF (NYSE:IPDP), which seeks diversified cash flow through dividends, capital appreciation, and options premiums, is suggested for traders bullish on the stock market.

Portfolio Pulse from Melanie Schaffer

October 23, 2023 | 3:04 pm

HOUS

Anywhere Real Estate (NYSE:HOUS) is set to release its quarterly earnings report on Tuesday, 2023-10-24, with an estimated EPS of $0.32. The company's past performance shows a mixed record of beating or missing estimates, which has led to varied stock price reactions. The company's shares are currently trading at $4.27, down 44.94% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:02 pm