Streetbeat News

Earnings

WMG

Warner Music Group reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 2:37 pm

MPW

Medical Properties Trust Inc (MPW) shares dropped by around 12% after the company reported Q2 FY23 earnings. The company missed revenue consensus, reporting $337.4 million against the expected $351.4 million. MPW also reported a net loss of $42 million, compared to a net income of $190 million a year ago. The company revised its 2023 NFFO per share guidance to $1.53-$1.57 from $1.50-$1.61.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 2:34 pm

GOLD

Barrick Gold Corp (NYSE:GOLD) reported a 1% Y/Y decline in Q2 2023 revenue to $2.83 billion, missing the consensus of $3.40 billion. Gold production and sales also decreased by 3% and 4% Y/Y respectively. However, the company saw improved performances at Carlin, Kibali and Lumwana assets. The average realized gold price rose 6% Y/Y to $1,972 per ounce, while copper production declined 11% Y/Y. The company reiterated its 2023 outlook and announced progress on the Pueblo Viejo expansion project.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 2:25 pm

PLTR

Palantir Technologies reported lower than expected Q2 revenue results and issued guidance for Q3 and FY23, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 2:23 pm

JHX

James Hardie Industries reported a year-over-year increase in Q1 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 2:20 pm

ADT

ADT Inc. reported a Q2 2023 sales decline of 0.5% to $1.59 billion, missing the consensus of $1.65 billion. However, its adjusted EPS of $0.16 beat the consensus of $0.06. The company plans to sell its commercial security, fire, and life safety business unit to GTCR for $1.6 billion, with proceeds expected to reduce debt by $1.5 billion. ADT lowered its FY23 sales guidance to $6.30 billion-$6.50 billion.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 2:15 pm

AVID

Avid Technology (NASDAQ:AVID) is set to release its latest quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an earnings per share (EPS) of $0.21. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares are currently trading at $27.1 and have seen a 0.41% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:02 pm

JACK

Jack In The Box (NASDAQ:JACK) is set to release its quarterly earnings report on August 9, 2023. Analysts estimate an earnings per share (EPS) of $1.34. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to an immediate increase in share price. The stock is currently trading at $95.49, up 16.09% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:02 pm

LIMAF

Linamar (OTC:LIMAF) is set to release its latest quarterly earnings report on August 9, 2023. Analysts estimate an earnings per share (EPS) of $1.74. The company's past performance shows a pattern of beating EPS estimates, which often leads to an increase in share price. However, the stock has generally been performing negatively over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:02 pm

IFS

Intercorp Financial Servs (NYSE:IFS) is set to release its quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an EPS of $0.95. Last quarter, the company missed EPS by $0.32, resulting in a 0.55% drop in share price. Shares are currently trading at $25.03 and have seen a 0.6% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:01 pm