Streetbeat News

Earnings

GNRC

Generac Holdings Inc. reported a Q2 sales decline of 23% YoY to $1.00 billion, missing the consensus of $985.02 billion. Adjusted EPS was $1.08, beating the analyst consensus of $1.16. The company anticipates its full-year 2023 net sales to decline 10 to 12% compared to the prior year. GNRC shares are trading lower by 17.2% at $126.96 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 11:14 am

OPAD

Offerpad Solutions (NYSE:OPAD) reported Q2 adjusted losses of $(0.84) per share, beating the analyst consensus estimate of $(1.36) by 38.24%. The company also reported quarterly sales of $230.15 million, surpassing the analyst consensus estimate of $188.52 million by 22.08%. However, this represents a 78.69% decrease over sales of $1.08 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:13 am

BGC

BGC Partners reported Q2 earnings of $0.20 per share, beating the analyst consensus estimate of $0.19 by 5.26%. This is a 17.65% increase over earnings of $0.17 per share from the same period last year. The company also reported quarterly sales of $493.08 million, beating the analyst consensus estimate of $475.00 million by 3.81%. This is a 13.16% increase over sales of $435.76 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:13 am

CVS

CVS Health's executive has stated that the previously set 2024 adjusted EPS target of $9 is no longer a reasonable starting point for guidance range.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:12 am

YUM

Yum Brands' CFO has projected that the company's FY23 core operating profit will grow in the low double digits, surpassing the long-term guidance of at least 8%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:12 am

GHC

Graham Hldgs (NYSE:GHC) reported Q2 earnings of $12.97 per share, beating the analyst consensus estimate of $9.76 by 32.89%. This is a 7.46% increase from the same period last year. The company also reported quarterly sales of $1.10 billion, beating the analyst consensus estimate of $1.05 billion by 5.24%, a 18.40% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:12 am

SBUX

Starbucks Corp (NASDAQ:SBUX) reported mixed fiscal Q3 results, with revenues of $9.17 billion missing estimates of $9.29 billion, but EPS of $1 beating estimates of 95 cents. Revenues were up 12% YoY, with comparable store sales climbing 10% globally. The company also increased its full-year 2023 earnings growth expectations to 16% to 17%. However, shares were down 1.09% at $100.16 at the time of publication.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 11:12 am

IMAX

IMAX Corporation (NYSE:IMAX) announced its highest grossing month of July in history, with $176.2 million at the global box office. This record-breaking performance was driven by Christopher Nolan's 'Oppenheimer', which grossed over $86 million across the IMAX global network. IMAX's strong performance was also boosted by the China box office. The company plans to extend the global run of 'Oppenheimer' through late summer and fall.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:12 am

KHC

Kraft Heinz Company (NASDAQ:KHC) reported Q2 FY23 sales growth of 2.6% to $6.72 billion, missing the analyst consensus of $6.81 billion. Adjusted EPS of $0.79 beat the analyst consensus of $0.74. The company declared a quarterly dividend of $0.40 per share. Despite facing headwinds in the US market share performance, the company reiterated its full-year outlook. KHC shares are trading lower by 0.61% at $35.66 in premarket.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 11:11 am

CVS

During a conference call, a CVS Health executive stated that medical costs trends are expected to remain high for the rest of 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:11 am