Streetbeat News

Earnings

EBIX

Ebix reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.24 by 4.17%. The company's quarterly sales were $118.43 million, missing the analyst consensus estimate of $197.88 million by 40.15%. This represents a 69.33% decrease in earnings and a 52.78% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:45 pm

ADSE

ADS-TEC Energy plc (NASDAQ:ADSE) reported H1 2023 revenues of €38.3 million, a 400% increase compared to H1 2022. The company reiterated its 2023 guidance of more than €100 million in revenue and expects strong customer growth in 2024. Despite an EBITDA of €-17.6 million, ADS-TEC aims to be EBITDA positive in Q4'23.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:41 pm

CB

CVS

JEPQ

MS

On CNBC's 'Halftime Report Final Trades', several financial experts gave their opinions on various stocks and ETFs. Bryn Talkington recommended JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) due to its 10% distribution yield. Josh Brown suggested Chubb Limited (CB) following its better-than-expected Q2 results. Sarat Sethi defended Morgan Stanley (MS) which was beaten down on Tuesday, despite its strong Q2 results. Stephanie Link recommended CVS Health Corporation (CVS) which she considers undervalued and highlighted its Q2 sales increase of 10.3% YoY.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 12:38 pm

ENLT

Enlight Renewable Energy (NASDAQ:ENLT) reported Q2 earnings of $0.12 per share, beating the analyst consensus estimate of $0.09 by 33.33%. However, the company's quarterly sales of $52.56 million missed the analyst consensus estimate of $69.30 million by 24.15%.

Portfolio Pulse from bharat@benzinga.com

August 09, 2023 | 12:37 pm

LPSN

PENN

UP

LivePerson (LPSN) reported Q2 EPS of $0.12, beating the estimate of $(0.38), and sales of $97.52M, beating the estimate of $96.85M. PENN Entertainment (PENN) reported Q2 EPS of $0.48, beating the estimate of $0.42, with sales of $1.67B in line with estimates. Wheels Up (UP) is pursuing strategic options.

Portfolio Pulse from ryanfaloona@benzinga.com

August 09, 2023 | 12:37 pm

LAZ

LNC

OMF

The most accurate Wall Street analysts have recommended holding three high-yielding financial stocks: Lazard Ltd (LAZ), Lincoln National Corporation (LNC), and OneMain Holdings, Inc. (OMF). These stocks have dividend yields of 5.90%, 6.51%, and 8.88% respectively. Lazard and Lincoln National recently reported better-than-expected Q2 results, while OneMain Holdings posted weaker-than-expected earnings for the same period.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 12:36 pm

JACK

Jack In The Box (NASDAQ:JACK) reported Q3 adjusted earnings of $1.45 per share, beating the analyst consensus estimate of $1.34 by 8.21%. This is a 5.07% increase over earnings of $1.38 per share from the same period last year. The company also reported quarterly sales of $396.90 million, beating the analyst consensus estimate of $393.89 million by 0.76%. However, this is a 0.35% decrease over sales of $398.31 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:34 pm

LLY

NVO

Eli Lilly & Co. (LLY) stock surged nearly 15% to a new record high following better-than-expected Q2 earnings and revenue, and raised full-year guidance. The stock also benefited from positive data reported by Novo Nordisk (NVO) for its weight loss drug Wegovy. CNBC's Jim Cramer suggested that LLY could rise further. A Jefferies analyst upgraded LLY to Buy with a $615 price target.

Portfolio Pulse from Shanthi Rexaline

August 09, 2023 | 12:34 pm

NXE

NexGen Energy reported Q2 losses of $(0.03) per share, missing the analyst consensus estimate of $(0.01) by 200 percent. This represents a 50 percent increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:34 pm

BLDP

Ballard Power Systems reported Q2 losses of $(0.10) per share, beating the analyst consensus estimate of $(0.13) by 23.08%. However, the company's quarterly sales of $15.30 million missed the analyst consensus estimate of $15.88 million by 3.65%. This represents a 26.79% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:33 pm