Streetbeat News

Earnings

SYLA

SYLA Technologies reported its first-half 2023 financial results, showing an increase in revenue to $64.5M from $56.1M YoY, and an EPS of $(5.77) compared to $(2.50) YoY. The revenue increase was attributed to an increase in land sales and data center container sales. However, this was offset by a decrease in real estate sales. Gross profit and total operating expenses also increased. Net income attributable to SYLA was $1.7M, compared to $0.7M YoY. As of June 30, 2023, SYLA had $24.7M in cash and cash equivalents.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:39 pm

ARKK

TSLA

Cathie Wood's Ark Invest sold 7,759 shares of Tesla (TSLA) on Monday, valued at $1.97 million. This comes amid Tesla's rebound ahead of its Q3 results. Despite Tesla's recent gains, the stock is still trading below its year's intra-day high of $299.29. Ark has been selling Tesla shares since mid-June, despite remaining bullish about the company's prospects. Tesla is set to report its Q3 results on Wednesday.

Portfolio Pulse from Shanthi Rexaline

October 17, 2023 | 12:37 pm

ACI

Albertsons Companies (NYSE:ACI) reported Q2 adjusted earnings of $0.63 per share, beating the analyst consensus estimate of $0.56 by 12.5%. However, this is a 12.5% decrease from the same period last year. The company also reported quarterly sales of $18.30 billion, beating the analyst consensus estimate of $18.28 billion by 0.11%, a 2.13% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:31 pm

BK

Bank of New York Mellon Corp (NYSE:BK) reported a Q3 FY23 revenue increase of 2% Y/Y to $4.37 billion, beating the consensus of $4.33 billion. Net interest revenue increased 10% Y/Y to $1.02 billion due to higher interest rates. Adjusted EPS was $1.27 (+5% Y/Y), above the consensus of $1.15. BK shares are trading higher by 0.74% at $42.15 premarket.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 12:28 pm

SCHW

Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected Q3 earnings, despite a 16% YoY decline in net revenue to $4.61 billion. The company's adjusted EPS was $0.77, down 30% YoY. The company's dividend yield is currently 1.86%, equating to a quarterly dividend of 25 cents per share. The article explains how an investor could generate $500 monthly from Charles Schwab dividends, requiring ownership of approximately $322,320 worth of Charles Schwab, or 6,000 shares.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 12:22 pm

ASRV

AmeriServ Financial (NASDAQ:ASRV) reported a decrease in Q3 earnings per share (EPS) to $0.04, down from $0.12 YoY. This represents a 66.67% decrease compared to the same period last year.

Portfolio Pulse from Happy Mohamed

October 17, 2023 | 12:14 pm

BAC

Bank of America Corp (NYSE:BAC) reported a 10% YoY increase in Q3 FY23 net income to $7.8 billion, beating consensus estimates. Revenue also increased by 3% YoY to $25.32 billion, surpassing consensus estimates. The bank saw growth in all business lines, with Global Banking and Global Markets segments showing significant income growth. However, average deposits decreased by 4.4% YoY. BAC shares are trading 1% higher in premarket trading.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 12:07 pm

PLD

Prologis has revised its FY23 core FFO per share guidance from $5.56-$5.60 to $5.58-$5.60.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:06 pm

PLD

Prologis reported Q3 Core FFO per share of $1.30, a decrease of 24.86% YoY. However, the company's rental revenues of $1.78 billion beat the analyst consensus estimate of $1.73 billion by 2.77%, marking a 54.36% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:04 pm

JNJ

KVUE

Johnson & Johnson (JNJ) reported Q3 FY23 adjusted earnings of $2.66 per share, beating the consensus of $2.51. Sales increased 6.8% to $21.35 billion, also beating consensus. The company raised its FY23 adjusted profit outlook to $10.07-$10.13 per share, from the previous $10.00-$10.10. JNJ shares are up 1.35% in premarket trading.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 11:53 am