Streetbeat News

Earnings

KMT

PAYX

UPS

The most accurate Wall Street analysts recommend holding three high-yielding industrial stocks: Paychex, Inc. (NASDAQ:PAYX), Kennametal Inc. (NYSE:KMT), and United Parcel Service, Inc. (NYSE:UPS). These companies have dividend yields of 3.002%, 3.31%, and 4.17% respectively. Recent news includes better-than-expected earnings for Paychex, an upcoming earnings call for Kennametal, and a new acquisition for UPS.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 1:30 pm

JPM

JP Morgan's CFO has indicated that the company could experience some upward pressure on margins as expenses increase.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:29 pm

BDC

Belden Inc has disclosed its Q3 FY23 preliminary results, reducing its revenue expectations from $675 million-$690 million to $625 million due to weaker-than-expected end-demand in both segments. The company also reduced the higher end of its previous adjusted EPS outlook from $1.75-$1.85 to $1.75-$1.77. Belden's shares closed lower by 16.03% at $80.00 after-hours on Thursday.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 1:27 pm

STKL

SunOpta has announced the sale of certain frozen fruit assets to Nature's Touch for $141 million and issued preliminary Q3 results. This has led to a rise in SunOpta's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:26 pm

C

Citigroup Inc reported a 9% YoY net revenue growth in Q3 FY23 to $20.14 billion, beating the consensus of $19.32 billion. EPS of $1.63 also beat the consensus of $1.21. The company's Institutional Clients Group revenue and Personal Banking and Wealth Management revenue increased by 12% and 10% respectively. However, Legacy Franchises' revenues decreased by 13%. Net income for the quarter was $3.55 billion, up 2% YoY. The company reiterated its FY23 adjusted revenue outlook of $78 billion - $79 billion.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 1:24 pm

PGR

Progressive Corporation's shares are trading higher following the release of their Q3 results.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 1:09 pm

JPM

JPMorgan Chase & Co reported Q3 net revenue of $40.7 billion, up 21% Y/Y, beating the consensus of $39.57 billion. Consumer & Community Banking revenue increased 29% Y/Y to $18.4 billion, while Corporate & Investment Banking was $11.7 billion (-2% Y/Y). The company's Q3 provision for credit losses was $1.4 billion (-10% Y/Y). Assets under management (AUM) stood at $3.2 trillion (+22% Y/Y). The company expects net interest income excluding Markets of ~$89 billion for FY23. JPM shares are trading higher by 1.33% at $147.75 premarket.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 1:02 pm

NVO

Novo Nordisk has raised its sales and operating profit outlook for 2023, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 1:01 pm

PGR

Progressive's Q3 earnings per share of $2.09 beat the analyst consensus estimate of $1.72 by 21.51%, a 301.92% increase from the same period last year. However, the company's quarterly sales of $14.89 billion missed the analyst consensus estimate of $15.46 billion by 3.66%, though it's a 20.12% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 12:59 pm

NVO

Novo Nordisk has raised its sales and operating profit outlook for 2023, following a 38% growth in Q3 sales and a 47% growth in Q3 operating profit. The updated outlook primarily reflects higher FY expectations for Ozempic and Wegovy volumes sold in the U.S. and gross-to-net sales adjustments.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:55 pm