Streetbeat News

Earnings

PNC

PNC Financial Services Group reported Q3 earnings of $3.60 per share, beating the analyst consensus estimate of $3.10 by 16.13%. However, this is a 4.76% decrease from the same period last year. The company's quarterly sales were $5.23 billion, missing the analyst consensus estimate of $5.32 billion by 1.64%, and marking a 5.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:53 am

WFC

Wells Fargo's Q3 results included $349M, or $0.09 per share, of discrete tax benefits related to the resolution of prior period tax matters.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:51 am

JPM

JP Morgan has reported its Q3 net revenue at $39.874B and managed revenue at $40.7B.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:51 am

JPM

JPMorgan Chase has reported its Q3 earnings per share (EPS) at $4.33.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:50 am

WFC

Wells Fargo reported Q3 earnings of $1.48 per share, beating the analyst consensus estimate of $1.24 by 19.35%. This is a 74.12% increase from the same period last year. The company also reported quarterly sales of $20.86 billion, beating the analyst consensus estimate of $20.11 billion by 3.71%. This is a 6.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:48 am

BMRA

Biomerica (NASDAQ:BMRA) reported Q1 losses of $(0.07) per share, a 56.25% improvement from $(0.16) per share YoY. Sales also increased by 4.64% to $1.71 million from $1.64 million YoY.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:41 am

AVPT

JD

KIND

OM

PUYI

SAVA

SGH

Several US stocks traded lower in Friday's pre-market session. Outset Medical, Inc. (OM) fell 38.1% after reporting preliminary Q3 financial results. Cassava Sciences, Inc. (SAVA) shares dipped 28.8% following a statement regarding a leaked internal CUNY report. SMART Global Holdings, Inc. (SGH) declined 25.8% after reporting worse-than-expected Q4 financial results and a weak Q1 forecast. Puyi Inc. (PUYI), Nextdoor Holdings, Inc. (KIND), AvePoint, Inc. (AVPT), and JD.com, Inc. (JD) also recorded losses.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 10:37 am

VTNR

Vertex Energy has revised its Q3 forecast, expecting conventional throughput volumes to be 80,000 bpd, up from the previous forecast of 74,000-77,000 bpd. The company also expects Q3 finished product yield to be between 65%-67%, higher than the previous forecast of 59%-63%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:34 am

CMTL

Comtech Telecommunications Corp's shares are up by about 18% after reporting Q4 results. The company posted revenue of $148.81 million, beating the consensus of $140.13 million. Revenues in the Satellite and Space Communications segment rose 22.7% Y/Y to $94.2 million, and the Terrestrial and Wireless Networks segment revenue grew 8.8% Y/Y to $54.6 million. The company also announced a deal to sell its Power Systems Technology product line to Stellant Systems, Inc. for $40 million.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 10:31 am

BLK

BlackRock's Assets Under Management (AUM) for Q3 have increased to $9.1 trillion, up from $7.96 trillion year-over-year.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:22 am