Streetbeat News

Earnings

HMNF

HMN Finl (NASDAQ:HMNF) reported a decrease in Q3 earnings and sales YoY. Earnings per share were down 19.05% to $0.34 from $0.42, and sales were down 3.46% to $9.99 million from $10.35 million.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:33 am

OVLY

Oak Valley (NASDAQ:OVLY) reported Q3 earnings of $0.89 per share, a 7.23% increase YoY. The company also reported $20.50 million in sales, an 11.54% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:31 am

EEFT

Euronet Worldwide reported Q3 earnings of $2.72 per share, beating the analyst consensus estimate of $2.70 by 0.74 percent. This is a 0.73 percent decrease from the same period last year. The company also reported quarterly sales of $1.00 billion, beating the analyst consensus estimate of $983.96 million by 1.63 percent, a 7.38 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:28 am

LCID

Lucid Group Inc (NASDAQ:LCID) will unveil its first SUV, the Gravity, at the LA Auto Show on November 16. The vehicle is expected to start production in late 2024 and will feature flexible seating options and a range 'beyond anything else on the market except Lucid Air.' The price range is yet to be disclosed. The company has sufficient capital for the start of Gravity's production, with total liquidity of approximately $6.25 billion at the end of Q2.

Portfolio Pulse from Anan Ashraf

October 20, 2023 | 5:04 am

MSFT

Microsoft Corporation's CEO, Satya Nadella, shared a letter to shareholders highlighting the company's strong fiscal year 2023 results, with record revenue of $211 billion and over $88 billion in operating income. LinkedIn, a Microsoft subsidiary, surpassed $15 billion in revenue for the first time. Nadella also outlined Microsoft's vision for a new era of AI and its impact on software and businesses globally. He mentioned Microsoft's commitment to enhancing security operations and its impact on various sectors, including gaming and web browsing.

Portfolio Pulse from Ananya Gairola

October 20, 2023 | 4:31 am

DIS

Walt Disney Co (NYSE:DIS) has revealed its ESPN brand's financials, which analysts have described as 'intriguing' and better than expected. The company plans to present the business separate from entertainment going forward. ESPN represented around 55% of Disney’s Linear Networks revenue. Analysts from Macquarie and Morgan Stanley have given neutral and overweight ratings respectively, with price targets of $94 and $105. Disney shares were $83.25 at market close Thursday.

Portfolio Pulse from Chris Katje

October 19, 2023 | 10:19 pm

WAL

Western Alliance Bancorporation (NYSE:WAL) reported Q3 earnings of $1.97 per share, beating the analyst consensus estimate of $1.90. The company also reported quarterly sales of $716.20 million, surpassing the analyst consensus estimate of $676.46 million. The company's total deposits increased by 6.4% year-over-year to $54.3 billion.

Portfolio Pulse from Ryan Gustafson

October 19, 2023 | 9:10 pm

AMTB

Amerant Bancorp (NYSE:AMTB) reported Q3 earnings of $0.64 per share, beating the analyst consensus estimate of $0.59 by 8.47 percent.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:54 pm

CSX

CSX Corporation reported Q3 earnings of 42 cents per share, meeting analyst consensus but marking a 19.23% decrease from last year. Quarterly sales were $3.57 billion, beating the analyst consensus of $3.55 billion but showing an 8.34% decrease from last year. Lower fuel prices, reduced intermodal storage revenue, a decline in export coal benchmark prices, and a decrease in intermodal volumes offset the effects of higher merchandise yields and coal volume growth. CSX ended the quarter with $1.36 billion in cash and equivalents, down by $598 million from last year. Total volume transported fell by 2% year-over-year to 1.55 million units. Revenue per unit fell by 6% to $2,305.

Portfolio Pulse from Ryan Gustafson

October 19, 2023 | 8:52 pm

HTH

Hilltop Hldgs (NYSE:HTH) reported Q3 earnings of $0.57 per share, beating the analyst consensus estimate of $0.47 by 21.28%. However, the company's quarterly sales of $115.65 million missed the analyst consensus estimate of $116.68 million by 0.88%. This represents a 14% increase in earnings but a 6.35% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:38 pm