Streetbeat News

Earnings

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) shares have fallen by 2.5% to $62.81 and 16% over the past five sessions following a sequential decline in active accounts and Q2 earnings. The stock is also affected by Moody's downgrade of credit ratings of 10 U.S. banks. Despite this, PayPal reported Q2 earnings of $1.16 per share, beating the analyst consensus estimate of $1.05, and quarterly sales of $6.81 billion, exceeding the analyst consensus estimate of $6.59 billion.

Portfolio Pulse from Henry Khederian

August 08, 2023 | 3:18 pm

LCID

Lucid Group reported its Q2 financial results and confirmed it is on track to meet its 2023 production target. The company also announced the final production specifications for the Lucid Air Sapphire.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:13 pm

NEO

NeoGenomics, Inc. (NEO) reported Q2 revenues of $146.92 million, beating the consensus of $137.42 million. The company raised its FY23 revenues outlook to $565 million-$575 million, versus the consensus of $562.42 million. Despite the positive earnings report, NEO shares are down 2.88% at $15.35.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 3:09 pm

LCID

Lucid Group's Q2 vehicle deliveries were disappointing, according to analysts. However, the company's shipments to Saudi Arabia, its biggest client, were seen as a positive development. Analyst Chris Pierce from Needham maintained a Buy rating but reduced the price target from $10 to $9. Analyst Andres Sheppard from Cantor Fitzgerald reaffirmed an Overweight rating and a price target of $10.

Portfolio Pulse from Priya Nigam

August 08, 2023 | 3:08 pm

SPH

UGI

Suburban Propane Partners (NYSE:SPH) will distribute a dividend payout of $0.33 per share on August 08, 2023, equating to an annualized dividend yield of 8.70%. The company has seen a decrease in its dividend per share from $2.40 in 2019 to $1.30 in 2022, but an increase in earnings per share from $1.10 in 2019 to $2.18 in 2022. This suggests that the company is allocating more profits towards business expansion instead of dividend payments.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:05 pm

A

TECH

Bio-Techne (NASDAQ:TECH) will distribute a dividend payout of $0.08 per share, translating to an annualized dividend yield of 0.39%. The company has maintained a steady dividend per share of $1.28 from 2019 to 2022, and its earnings per share increased from $1.15 to $1.97 over the same period. Agilent Technologies (NYSE:A) has the highest annualized dividend yield at 0.71% among Bio-Techne's industry peers.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:05 pm

CASH

NWBI

Pathward Financial (NASDAQ:CASH) is set to issue a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 0.46%. The company has maintained a consistent dividend per share of $0.20 from 2019 to 2022, and its earnings per share increased from $2.73 to $4.48 over the same period. Compared to its industry peers, Pathward Financial's dividend yield is relatively lower, with Northwest Bancshares (NASDAQ:NWBI) having a higher annualized dividend yield of 6.62%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:05 pm

CPLP

DSX

Capital Product Partners (NASDAQ:CPLP) is set to deliver a dividend payout of $0.15 per share, equating to an annualized dividend yield of 3.93%. The company's dividend payout went ex-dividend on August 01, 2023. The company's dividend per share has decreased from $1.26 in 2019 to $0.60 in 2022, while its earnings per share have increased from $1.08 to $3.77 over the same period. Diana Shipping (NYSE:DSX) has the highest annualized dividend yield at 18.99% among its industry peers.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:05 pm

EXPD

Expeditors International reported worse-than-expected Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:04 pm

DCPH

Deciphera Pharmaceuticals (NASDAQ:DCPH) is set to release its latest quarterly earnings report on August 9, 2023. Analysts estimate an earnings per share (EPS) of $-0.62. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $12.82, down 25.47% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:02 pm