Streetbeat News

Earnings

ADBE

IEO

PSX

XLP

On CNBC's 'Halftime Report Final Trades', Josh Brown of Ritholtz Wealth Management recommended iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Shannon Saccocia of Boston Private recommended Consumer Staples Select Sector SPDR Fund (XLP), Bill Baruch praised Adobe Inc. (ADBE) for its better-than-expected Q3 earnings, and Joseph Terranova of Virtus Investment Partners highlighted Phillips 66 (PSX) for its low earnings multiple and better-than-expected Q2 results.

Portfolio Pulse from Priya Nigam

September 26, 2023 | 12:20 pm

SNX

TD SYNNEX has projected its Q4 revenue to be between $14.0B and $15.0B, which is lower than the estimated $15.21B. The company also expects its adjusted EPS to be between $2.40 and $2.90, slightly below the estimated $2.95.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:10 pm

THO

Thor Industries (NYSE:THO) reported better-than-expected Q4 sales of $2.74 billion, beating expectations of $2.42 billion. The company's earnings per share were $1.68, down from $5.15 in the prior-year period. Thor Industries forecasts FY24 consolidated net sales of $10.5 billion to $11.0 billion and earnings of $6.25 to $7.25 per share. The company offers an annual dividend yield of 1.90%, which is a quarterly dividend amount of $0.45 a share ($1.80 a year).

Portfolio Pulse from Priya Nigam

September 26, 2023 | 12:07 pm

SNX

TD Synnex (NYSE:SNX) reported Q3 adjusted earnings of $2.78 per share, beating the analyst consensus estimate of $2.48 by 12.1%. However, the company's quarterly sales of $13.96 billion missed the analyst consensus estimate of $14.11 billion by 1.06%. This represents a 9.09% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:06 pm

UNFI

United Natural Foods (UNFI) has provided its fiscal 2024 outlook, expecting net sales of $30.9B-$31.5B, adjusted EPS of $(0.88)-$0.38, and adjusted EBITDA of $450M-$550M. These figures are lower than the consensus estimates of $31.03B in net sales and $2.46 in adjusted EPS. The outlook reflects lower anticipated procurement gains due to moderating inflation and the restoration of performance-based incentive cash compensation.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:06 pm

AZTA

Azenta has reaffirmed its Q4 guidance that was previously provided on August 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:04 pm

BYRN

Byrna Technologies expects its interim Q3 revenues to be $7.1M, significantly lower than the $12.4M in Q3 FY22 and consensus of $11.41M. The company also anticipates a decrease in gross margins to 45% from 55% in the prior year period.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:04 pm

UNFI

United Natural Foods (NYSE:UNFI) reported Q4 losses of $(0.25) per share, beating the analyst consensus estimate of $(0.28) by 10.71%. However, this is a 119.69% decrease over earnings of $1.27 per share from the same period last year. The company's quarterly sales of $7.42 billion missed the analyst consensus estimate of $7.47 billion by 0.71%, but it's a 1.98% increase over sales of $7.27 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 11:58 am

THTX

Theratechnologies (NASDAQ:THTX) reported Q3 sales of $20.86 million, missing the analyst consensus estimate of $21.05 million by 0.93 percent. However, this is a 0.21 percent increase over sales of $20.81 million the same period last year. The company also reported a net loss of $746K, which is significantly lower than the $7.5M loss a year ago.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 11:54 am

IVR

LADR

STWD

Three high-yielding dividend stocks in the financial sector have been highlighted by Wall Street's most accurate analysts. These include Invesco Mortgage Capital Inc. (IVR) with a dividend yield of 15.72%, Starwood Property Trust, Inc. (STWD) with a yield of 9.65%, and Ladder Capital Corp (LADR) with a yield of 8.70%. All three companies recently posted better-than-expected quarterly results.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 11:48 am