Streetbeat News

Earnings

ALL

The Allstate Corporation (NYSE:ALL) reported estimated catastrophe losses of $551 million ($435 million after-tax) for August 2023, including $641 million from 18 events, half of which were related to the Maui wildfire. The company also implemented auto rate increases of 7.0% across 5 locations, impacting total brand premium by 0.2%. Since the start of the year, rate increases have resulted in a premium impact of 8.6%, expected to raise annualized written premiums by approximately $2.23 billion. Homeowners insurance average gross written premium increased by 13.2% in August 2023 compared to the prior year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:19 pm

BNTC

Benitec Biopharma has released its full year 2023 financial results, showing an improvement in earnings per share (EPS) from $(37.88) to $(14.12) year-on-year. The company's revenue also increased slightly from $73K to $75K over the same period.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:19 pm

FDX

FedEx has reported mixed Q1 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:14 pm

NRXS

Neuraxis (AMEX:NRXS) reported Q2 losses of $(1.21) per share, a 39.08% decrease YoY. Sales also decreased by 5.36% to $646.00K compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:13 pm

HAL

HUBS

MCD

TZOO

Insiders at Travelzoo (NASDAQ:TZOO), HubSpot, Inc. (NYSE:HUBS), McDonald's Corporation (NYSE:MCD), and Halliburton Company (NYSE:HAL) have recently sold shares. Travelzoo's 10% owner sold shares following weaker-than-expected Q2 results. HubSpot's Executive Chair sold shares after upbeat Q2 results. McDonald's CEO sold shares after better-than-expected Q2 results. Halliburton's EVP sold shares amidst questions about the company's trade relationship with Russia.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 11:24 am

SHLT

SHL Telemedicine (NASDAQ:SHLT) reported a 316.67% increase in quarterly losses to $(0.25) per share, compared to $(0.06) per share last year. Sales also decreased by 6.13% to $29.00 million from $30.90 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:21 am

FDS

FactSet has released its fiscal 2024 expectations, predicting organic ASV plus professional services growth of $130 million to $175 million. GAAP revenues are expected to be between $2.21 billion and $2.23 billion, slightly below the estimated $2.23 billion. Adjusted diluted EPS is expected to be in the range of $15.65 to $16.15, lower than the estimated $16.65.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:05 am

DRI

Darden Restaurants has reiterated its FY24 financial outlook, expecting an adjusted EPS from continuing operations of $8.55-$8.85, which is in line with the estimated $8.74.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:04 am

DRI

Darden Restaurants (NYSE:DRI) reported Q1 adjusted earnings of $1.78 per share, beating the analyst consensus estimate of $1.73 by 2.89%. This is a 14.1% increase from the same period last year. The company also reported quarterly sales of $2.73 billion, beating the analyst consensus estimate of $2.71 billion by 0.74%. This is an 11.61% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:02 am

FDS

FactSet Research Systems (NYSE:FDS) reported Q4 earnings of $2.93 per share, missing the analyst consensus estimate of $3.50 by 16.29%. This is a 6.39% decrease from the same period last year. However, the company reported quarterly sales of $535.80 million, beating the analyst consensus estimate of $535.28 million by 0.10%. This is a 7.31% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:01 am