Streetbeat News

Earnings

AIXI

XIAO-I (NASDAQ:AIXI) reported a significant decrease in earnings per share (EPS) from $0.03 last year to $(0.80) this year, representing a 2766.67% decrease. However, the company's sales increased by 105.89% to $26.48 million from $12.86 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:41 pm

RBCAA

Republic Bancorp (NASDAQ:RBCAA) reported Q3 earnings of $1.10 per share, beating the analyst consensus estimate of $0.95 by 15.79%. This represents an 11.11% increase over earnings from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:38 pm

IPG

Interpublic Group of Companies, Inc. (IPG) shares are trading lower after the company reported mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:37 pm

Regions Financial reported worse-than-expected Q3 financial results, leading to a drop in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:35 pm

KNX

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) shares surged over 12% following better-than-expected Q3 2023 earnings results. Revenues were $2.02 billion, up 6.5% Y/Y, beating the consensus of $1.89 billion. Adjusted EPS of $0.41 surpassed the street estimates of $0.36. The company tightened FY23 adj. EPS guidance to $2.10-$2.20. The company expects net cash capital expenditures of $700 million – $750 million.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 12:26 pm

AT&T Inc (NYSE:T) reported better-than-expected Q3 FY23 results with operating revenues of $30.35 billion, up 1% YoY, beating the consensus of $28.69 billion. Adjusted EPS of $0.64 also beat the consensus of $0.59. The company now expects full-year adjusted EBITDA growth of better than 4% versus prior guidance of 3%+. AT&T offers an annual dividend yield of 7.27%, which is a quarterly dividend amount of $0.2775 per share ($1.11 a year). To earn $500 per month or $6,000 annually from dividends alone, an investment of approximately $82,480 or around 5,405 shares is needed.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 12:22 pm

ALV

AXP

BHLB

CMA

EEFT

FBP

HBAN

IPG

OFG

SIFY

SLB

SXT

WRLD

Several companies are scheduled to report their quarterly earnings on October 20, 2023. These include Berkshire Hills Bancorp, World Acceptance, American Express, Interpublic Gr of Cos, First BanCorp, Comerica, Autoliv, Euronet Worldwide, Sify Technologies, SLB, OFG Bancorp, Huntington Bancshares, Sensient Technologies, and Regions Finl.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 12:15 pm

HPE

Hewlett Packard Enterprise Co (HPE) shares are trading lower after the company provided its long-term and FY24 outlook at its recent investor day. The company reaffirmed its FY23 outlook for revenue growth at 4%-6% and adjusted EPS at $2.11-$2.15. However, it lowered the adjusted operating profit growth outlook to about 4%. For FY24, the company guided revenue growth of 2%-4% and adjusted EPS of $1.82-$2.02. HPE also plans to return 65%-75% of free cash flow to shareholders over the next three years.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 11:57 am

AXP

American Express Co (NYSE:AXP) reported Q3 revenue of $15.38 billion, a 12% YoY increase, beating the consensus of $15.36 billion. EPS of $3.30 also surpassed the consensus of $2.94. Card Member spending grew 7% on an FX-adjusted basis, driven by double-digit U.S. Consumer and International Card Member spending growth. Total Network Volumes increased 7% YoY to $420.2 billion. The company is on track to achieve its annual revenue growth and EPS guidance.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 11:54 am

SEDG

SolarEdge Technologies Inc (NASDAQ:SEDG) reported weak preliminary Q3 results, leading to a reduction in its revenue outlook and a fall in its share price. Following this, analysts from Deutsche Bank, Roth MKM, and Goldman Sachs have downgraded the stock and lowered their price targets.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 11:52 am