Streetbeat News

Earnings

CVI

CVR Energy reported better-than-expected Q2 earnings per share (EPS) results, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:39 am

MA

TSLA

The article discusses three options strategies that can be used during earnings season to profit from market volatility: calendar spreads, butterfly spreads, and broken wing butterfly spreads. It provides examples of successful trades using these strategies, including a MasterCard (NYSE:MA) calendar spread that yielded a 45% profit and a Tesla (NASDAQ:TSLA) broken wing butterfly trade that earned a 420% profit.

Portfolio Pulse from Sandra Stone

August 04, 2023 | 9:39 am

UBER

Uber Technologies Inc. reported its Q2 results, missing the consensus revenue estimate of $9.32 billion with a reported revenue of $9.23 billion. However, the company reported its first GAAP operating profit and its highest free cash flow of $1.1 billion. CEO Dara Khosrowshahi stated that the company plans to be profitable every quarter going forward.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 9:39 am

CEQP

Crestwood Equity Partners LP (CEQP) reported Q2 FY23 revenues of $1.02 billion, missing the consensus of $1.19 billion. The company's EPS of $1.16 beat the estimate of $0.26. However, adjusted EBITDA declined 2% Y/Y to $176 million. CEQP now expects FY23 adjusted EBITDA to be towards the lower half of the previously guided range of $780 million to $860 million. CEQP shares are trading lower by 4.57% at $27.80.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 9:38 am

CEQP

Crestwood Equity Partners reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:38 am

LEG

Leggett & Platt reported better-than-expected Q2 earnings per share (EPS) results and issued FY23 guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:37 am

SUM

Summit Materials (NYSE:SUM) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.58. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $36.18 and has seen a 35.54% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:37 am

HLF

Herbalife Nutrition (NYSE:HLF) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.65. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.11, resulting in a 3.24% drop in share price. Over the last 52-week period, shares are down 39.91%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:37 am

U

Unity Software (NYSE:U) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.06. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. Unity Software's shares were trading at $45.84 as of July 31, with a 0.58% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:37 am

EVH

Evolent Health (NYSE:EVH) is set to release its quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.09. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $30.39, down 16.98% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:37 am