Streetbeat News

Earnings

ERIC

Ericsson's shares are trading lower due to a Q3 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:13 am

JNJ

Johnson & Johnson reported better-than-expected Q3 results and raised its 2023 guidance midpoints, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:12 am

MAIN

Main Street Capital Corporation (NYSE:MAIN) has announced its preliminary Q3 2023 results, including net investment income (NII) of $0.98-$1.00 per share, distributable net investment income (DNII) of $1.03-$1.05 per share, and net asset value (NAV) of $28.30-$28.36 per share. The company's CEO, Dwayne L. Hyzak, highlighted the strong recurring operating results, a new record for NAV per share for the fifth consecutive quarter, and a return on equity of over 17%. The company also expects to pay a meaningful supplemental dividend in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:09 am

ACI

BAC

CATC

EQBK

ERIC

FULT

HWC

IBKR

JBHT

JNJ

LMT

MBWM

OMC

PFBC

PLD

PNFP

UAL

WTFC

Several companies are scheduled to report their quarterly earnings on October 17, 2023. These include Goldman Sachs, Lockheed Martin, Bank of America, Bank of New York Mellon, Telefonaktiebolaget L M, Cambridge, Johnson & Johnson, Albertsons Companies, Prologis, Mercantile Bank, Pinnacle Financial Partners, Wintrust Financial, JB Hunt Transport Services, Omnicom Group, Preferred Bank, Hancock Whitney, United Airlines Holdings, Interactive Brokers Group, Fulton Financial, and Equity Bancshares.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 11:05 am

CATC

Cambridge (NASDAQ:CATC) reported Q3 adjusted earnings of $1.15 per share, beating the analyst consensus estimate of $1.06 by 8.49%. However, this is a 44.98% decrease from the same period last year. The company also reported quarterly sales of $39.20 million, beating the estimate of $38.45 million by 1.94%, but marking a 16.11% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:05 am

GLD

SPY

UUP

US stock markets closed higher on Monday, October 16, with optimism over the earnings season. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases. Asian markets also closed higher on Tuesday, influenced by Wall Street's optimism. However, European markets faced a slight downturn. Gold remained above $1,900. US futures were down.

Portfolio Pulse from Akanksha Bakshi

October 17, 2023 | 11:00 am

RIO

Rio Tinto PLC (NYSE:RIO) reported a 1% decrease in Q3 FY23 Pilbara iron ore production to 83.5 million tonnes (Mt), while shipments increased by 1% to 83.9 Mt. The company expects full-year shipments to be in the upper half of the guidance range of 320 to 335 million tonnes. Bauxite production rose 2% to 13.9 Mt and aluminium production increased 9% to 0.8 million tonnes. The company also announced agreements to take a leading position in recycled aluminium in North America and a joint venture with Codelco for copper exploration in Chile. RIO shares are trading lower by 1.28% at $63.32 premarket.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 10:51 am

BAC

Bank of America's Q3 net interest income has increased by 4% to $14.4 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:50 am

BAC

Bank of America's Q3 sales and trading revenue increased by 8% to $4.4 billion.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:49 am

BAC

Bank of America's Q3 consumer banking revenue was $10.5 billion, up 6% from the previous quarter. However, average deposits were down 8% to $980 billion. Net income was $2.9 billion, and average loans and leases increased by 5% to $311 billion. Combined credit/debit card spend was $225 billion, up 3%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:47 am