Streetbeat News

Earnings

BNS

Bank of Nova Scotia reported Q3 earnings of $1.73 per share, missing the analyst consensus estimate of $1.74 by 0.57 percent. This is a 17.62 percent decrease from the same period last year. The company also reported quarterly sales of $8.09 billion, missing the analyst consensus estimate of $8.15 billion by 0.74 percent, but a 3.73 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:08 am

DCI

Donaldson Company, Inc. (DCI) has projected its FY24 sales growth to be between 3% and 7%, with an EPS of $3.14 - $3.30, compared to an estimate of $3.13. The company expects growth in mobile, industrial, and life sciences sales, while aerospace and defense sales are projected to decrease. Operating margin is forecasted to be between 14.7% and 15.3%, and capital expenditures are expected to be between $95 million and $115 million. The company also plans to repurchase approximately 2% of its shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:06 am

CNF

CNFinance Hldgs (NYSE:CNF) reported Q2 earnings of $0.08 per share, beating the analyst consensus estimate of $0.01 by 700%. However, the company's quarterly sales of $59.48 million missed the analyst consensus estimate of $63.15 million by 5.81%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:06 am

CAN

Canaan (NASDAQ:CAN) reported Q2 losses of $(4.34) per share, missing the analyst consensus estimate of $(0.12) by 3516.67%. This is a 823.33% decrease over earnings of $0.60 per share from the same period last year. The company also reported quarterly sales of $73.90 million, missing the analyst consensus estimate of $77.26 million by 4.35%. This is a 70.05% decrease over sales of $246.74 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:03 am

DCI

Donaldson (NYSE:DCI) reported Q4 adjusted earnings of $0.78 per share, in line with analyst consensus. However, the company's quarterly sales of $879.50 million missed the analyst consensus estimate of $895.95 million by 1.84 percent. This represents a 7.14 percent decrease in earnings and a 1.18 percent decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 10:02 am

HEI

Heico Corp reported a Q3 FY23 revenue increase of 27% Y/Y to $722.9 million, beating the consensus of $701.7 million. The company warned of potential higher material and labor costs due to inflationary pressures and supply chain disruptions. Heico recently closed the acquisition of Wencor Group for $2.05 billion, marking its largest-ever acquisition. The company anticipates net sales growth in both the FSG and ETG, driven by demand for the majority of its products.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 9:57 am

CAE

CAE Inc has signed a 10-year pilot training agreement with Malaysian airline Batik Air. The deal includes the deployment of a B737 MAX full-flight simulator at Batik Air's facility and the adoption of CAE's data-driven training system, CAE Rise. The financial terms of the deal were not disclosed. CAE recently reported Q1 FY24 sales growth of 13% YoY to $784.91 million, beating the consensus of $762.48 million.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 9:44 am

BMO

Bank of Montreal (NYSE:BMO) reported Q3 earnings of $2.07 per share, missing the analyst consensus estimate of $2.29 by 9.61%. This is a 13.75% decrease from the same period last year. The company also reported quarterly sales of $5.90 billion, missing the analyst consensus estimate of $5.92 billion by 0.30%. However, this is a 24.50% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 9:34 am

BBY

HEI

HPQ

NIO

SJM

Wall Street expects Best Buy, HP, NIO, and The J. M. Smucker Company to post their quarterly earnings today. Best Buy and HP shares gained in after-hours trading, while HEICO shares fell despite better-than-expected earnings and sales results for Q3.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 8:13 am

TIGR

UP Fintech Holding reported an addition of 29,077 funded accounts in Q2, bringing the total to 840,900. The total account balance increased by 16.2% YoY to $17.3B.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:05 am