Streetbeat News

Earnings

AVT

Avnet (NASDAQ:AVT) is set to release its latest quarterly earnings report on Wednesday, 2023-08-16. Analysts estimate an earnings per share (EPS) of $1.65. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. Avnet's shares were trading at $46.12 as of August 14, with a 52-week increase of 3.36%.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 2:00 pm

CSCO

Cisco Systems (NASDAQ:CSCO) is set to release its latest quarterly earnings report on August 16, 2023. Analysts estimate an earnings per share (EPS) of $1.06. The company's past performance shows a trend of beating EPS estimates, which has typically resulted in a share price increase. The stock is currently trading at $53.88, up 14.8% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 2:00 pm

AMZN

CAH

EXPGY

FSLR

PFE

PHG

RYAAY

TME

TWOA

Home Depot reported a 2% YoY sales decline in Q2 FY23, beating analyst consensus. Philips is recalling several ventilators due to dust and dirt issues, classified as 'most serious' by the FDA. Tencent Music reported a 5.5% YoY revenue growth in Q2, missing consensus. Cardinal Health reported a 48% YoY increase in Q4 FY23 adjusted EPS, beating consensus. Pfizer received FDA approval for its blood cancer therapy. LatAm Logistic Properties is going public via a $578M SPAC merger. Experian was charged by the FTC for spamming consumers. Amazon's Devices Chief, David Limp, announced his retirement. First Solar's internal audit revealed instances of forced labor in its Malaysian operations. Ryanair expects to exceed its monthly passenger record in August.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 1:59 pm

RUM

Rumble's shares are trading lower following the company's report of a sequential decline in Average Global Monthly Active Users (MAUs).

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 1:55 pm

MRCY

Mercury Systems, Inc. (NASDAQ:MRCY) is set to report its Q4 financial results on Aug. 15, 2023. Analysts predict a decrease in earnings per share and revenue compared to the previous year. The company's shares fell 0.7% to close at $35.04 on Monday. Several analysts have revised their ratings and price targets for the company, with most reducing their targets.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 1:44 pm

CAH

Cardinal Health Inc reported Q4 FY23 adjusted EPS of $1.55, up 48% Y/Y, beating the consensus of $1.48. Sales increased 13% to $53.45 billion, beating the consensus of $52.41 billion. The company raised its FY24 adjusted EPS guidance to $6.50-$6.75 from prior guidance of $6.45-$6.70. In June, Cardinal Health inked a pact to contribute its Outcomes business to Transaction Data Systems, a portfolio company of BlackRock Long Term Private Capital and GTCR, in exchange for a minority stake in the combined entity.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 1:41 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) reported Q2 revenues of $12.36 million, down 6.4% Y/Y. The company reported adjusted EPS of $0.01, compared to a $(0.35) loss in the prior year. Revenues were affected by unfavorable USD to EUR and GBP exchange rate movements. Adjusted EBITDA was $0.23 million, lower than $0.299 million a year ago. Net loss in the quarter narrowed to $(0.98) million from $(1.24) million loss a year ago. COSM shares are trading higher by 3.7% to $1.39.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 1:40 pm

CETY

Clean Energy Technologies, Inc. (CETY) reported Q2 2023 financial results, with H1 2023 revenues of $7.6M, a 205% increase from the same period in 2022. Gross profit margins improved from 5% in Q1 2023 to 11% in Q2 2023. However, the company reported a net loss of $1.7M due to increased interest and financing fees and operating expenses. Stockholder's equity increased to $5.7M from $1.8M at the end of 2022.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:23 pm

TLF

Tandy Leather Factory (NASDAQ:TLF) reported Q2 earnings of $0.60 per share and $17.50 million in sales.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 1:21 pm

IHS

IHS Holding Ltd's shares are down by around 5% after the company reported mixed Q2 FY23 results and lowered its FY23 guidance. Despite a revenue increase of 16.8% Y/Y to $546.2 million, the company's EPS loss of $(3.73) missed the consensus of $0.18. The company's board authorized a share repurchase program for up to $50 million. The company lowered its FY23 sales outlook due to foreign exchange headwinds.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 1:14 pm