Streetbeat News

Earnings

T

AT&T has guided its Q3 free cash flow to be between $4.5 billion and $5 billion, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 5:57 pm

NFLX

SPOT

Despite the streaming industry crisis, Netflix and Spotify have managed to maintain their leading positions. Netflix's first-mover advantage and overseas expansion have helped it remain a global player, despite a 3% fall in shares and a soft operating margins guidance. Spotify, despite disappointing revenue figures and a loss in its latest quarterly report, has seen growth in its monthly active users and paid subscribers count, showing resistance to the streaming slowdown.

Portfolio Pulse from Upwallstreet

September 14, 2023 | 5:18 pm

CMND

FWBI

PFSW

SEZL

Several stocks experienced significant price movements in Wednesday's mid-day session. First Wave BioPharma shares jumped 89.5% after announcing a license agreement for capeserod from Sanofi. PFSweb gained 48.3% following GXO Logistics' acquisition announcement. Taseko Mines, Avalo Therapeutics, NeuBase Therapeutics, MYT Netherlands Parent, Soluna Holdings, Nikola Corporation, Trinseo, Alaunos Therapeutics, Orchestra BioMed Holdings, Eiger BioPharmaceuticals, Uniti Group, Lixiang Education Holding, TransCode Therapeutics, and Novo Integrated Sciences also saw gains. On the other hand, Sezzle, Clearmind Medicine, BIOLASE, OKYO Pharma, IBEX, Bionomics, MicroCloud Hologram, Harpoon Therapeutics, ZyVersa Therapeutics, Super League Enterprise, Axcella Health, BIMI International Medical, Impel Pharmaceuticals, PureCycle Technologies, Ivanhoe Electric, SIMPPLE, Iovance Biotherapeutics, Radiant Logistics, CS Disco, Ambipar Emergency Response, Genius Sports, and Vital Energy saw declines.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 4:58 pm

T

AT&T expects its Q3 free cash flow to be in the range of $4.5B-$5.0B. The company continues to execute well on its sustainable long-term growth strategy and remains on track to generate FY free cash flow of better than $16B.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:14 pm

SMTC

Semtech Corporation reported better-than-expected Q2 results but issued weak Q3 guidance. The market reacted positively to the news, but analysts' reactions were mixed.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 3:23 pm

ASX

ASE Technology Holding Co. reported higher revenue for August, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 3:10 pm

KRO

WLKP

Kronos Worldwide (NYSE:KRO) is set to distribute a dividend payout of $0.19 per share, equating to an annualized dividend yield of 8.06%. The company has shown a steady increase in dividend per share and earnings per share from 2019 to 2022, indicating a healthy financial status. Westlake Chemical (NYSE:WLKP) is mentioned as a peer with the highest annualized dividend yield at 8.73%.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:06 pm

USAC

WHD

Cactus (NYSE:WHD) is set to distribute a dividend of $0.12 per share on September 14, 2023, with an annualized dividend yield of 0.95%. The company has seen an increase in dividend per share from $0.36 to $0.44 between 2020 and 2022, despite a decrease in earnings per share from $1.94 to $1.51. Cactus's dividend yield is mid-range compared to its industry peers, with USA Compression Partners (NYSE:USAC) having the highest annualized dividend yield at 9.39%.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:05 pm

LNC

PRU

Prudential Financial (NYSE:PRU) is set to deliver a dividend payout of $1.25 per share, equating to an annualized dividend yield of 5.10%. The company has shown a positive dividend growth pattern from 2019 to 2022, but its earnings per share have declined from $11.80 in 2019 to $10.22 in 2022. Prudential's dividend yield is mid-range compared to its industry peers, with Lincoln National (NYSE:LNC) having the highest annualized dividend yield at 7.30%.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:05 pm

ADI

UMC

Analog Devices (NASDAQ:ADI) is distributing a dividend payout of $0.86 per share, with an annualized dividend yield of 1.95%. The company's dividend per share has shown a positive trend, increasing from $2.16 in 2019 to $3.04 in 2022. Earnings per share also rose from $5.14 to $9.59 during the same period. United Microelectronics (NYSE:UMC) has the highest annualized dividend yield in the industry at 7.98%.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:05 pm