Streetbeat News

Earnings

BWXT

BWX Technologies shares are trading higher after the company reported better-than-expected Q2 results. Baird has upgraded the stock to Outperform.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:55 pm

HEI

Heico Corp (NYSE:HEI) has completed its largest-ever acquisition, buying Wencor Group for $2.05 billion. The deal is expected to be accretive to Heico's earnings within a year. Heico anticipates Wencor to generate adjusted proforma revenues of around $724 million and EBITDA of about $153 million in 2023. The company also expects to realize estimated tax benefits of about $75 million from the acquisition through FY38.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 5:48 pm

WW

WW International's shares are trading lower due to worse-than-expected W2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:47 pm

Z

ZG

Zillow reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:45 pm

RKT

Rocket Companies' shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:43 pm

ICE

Intercontinental Exchange's shares are trading higher following a Q2 EPS beat. Citigroup has upgraded the stock to Buy.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:42 pm

GTN

Gray Television Inc (NYSE:GTN) reported a Q2 FY23 sales decline of 6.3% year-on-year to $813 million, beating the analyst consensus of $798.10 million. The EPS loss of $(0.10) also beat the consensus estimate of $(0.23). The company's core advertising revenue increased by 4% Y/Y. However, operating income decreased by 45% to $119 million. The company anticipates growth in advertising revenues for the remainder of 2023 and future years. GTN shares are trading higher by 22.11% at $10.66.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 5:38 pm

CNQ

Canadian Natural Resources reported a Q2 EPS miss, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:35 pm

LSXMA

TDS

USM

Several communication services stocks experienced significant movement during Friday's intraday session. United States Cellular (USM), Telephone and Data (TDS), Takung Art (TKAT), Gray Television (GTN), and Moxian (MOXC) saw their shares rise, with USM and TDS experiencing the largest gains. On the other hand, Liberty SiriusXM Gr (LSXMA, LSXMK, LSXMB), Integral Ad Science (IAS), CarGurus (CARG), and PLAYSTUDIOS (MYPS) saw their shares fall. Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:31 pm

AMSC

EAF

FATH

FLR

IEP

Several industrial stocks experienced significant movement during Friday's intraday session. American Superconductor, Fathom Digital Mfg, Fluor, IES Hldgs, Willdan Group, and Kratos Defense & Security saw their stocks rise, while GrafTech International, Icahn Enterprises, MasTec, Astronics, Sun Country Airlines, and Resideo Technologies saw their stocks fall. The movements were largely driven by recent Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:31 pm