Streetbeat News

Earnings

SXC

SunCoke Energy has reaffirmed its FY23 guidance, expecting a net income of $59M-$76M, adjusted EBITDA of $250M-$265M, and domestic coke total production of approximately 4M tons. The company also projects capital expenditures of about $95M, operating cash flow between $200M-$215M, and cash taxes between $12M-$16M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:05 pm

CVLT

CommVault Systems reported Q1 adjusted earnings of $0.72 per share, beating the analyst consensus estimate of $0.65 by 10.77%. This is a 12.5% increase over earnings of $0.64 per share from the same period last year. The company also reported quarterly sales of $198.15 million, beating the analyst consensus estimate of $197.43 million by 0.36%. This is a 0.09% increase over sales of $197.98 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:04 pm

SWK

Stanley Black & Decker Inc (NYSE:SWK) reported a 5% YoY sales decline in Q2 FY23 to $4.20 billion, beating the analyst consensus. The decrease was driven by lower Consumer Outdoor and DIY volume and the Oil & Gas Business sale. The company's gross margin contracted to 22.4%, and the gross profit decreased 22.7% to $932.1 million. Adjusted EPS of $(0.11) beat the analyst consensus. The company held $395.9 million in cash and equivalents as of July 1, 2023. The company narrowed its FY23 adjusted EPS outlook from $0.00 - $2.00 to $0.70 - $1.30.

Portfolio Pulse from Shivani Kumaresan

August 01, 2023 | 12:01 pm

SXC

SunCoke Energy (NYSE:SXC) reported Q2 earnings of $0.24 per share, beating the analyst consensus estimate of $0.19 by 26.32%. This is a 14.29% increase from the same period last year. The company also reported quarterly sales of $534.40 million, beating the analyst consensus estimate of $371.60 million by 43.81%. This is a 6.48% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:59 am

SEAS

SeaWorld Entertainment anticipates its Q2 net income to be around $85M-$88M, a decrease from $116.6M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:57 am

SEAS

SeaWorld Entertainment has reported its preliminary Q2 results, expecting total revenues to be between $494M and $497M, which is lower than the $504.8M reported last year and below the consensus estimate of $518.25M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:55 am

NERV

Minerva Neurosciences reported Q2 losses of $1.12 per share, missing the analyst consensus estimate of $0.44 by 154.55%. This is a 31.29% increase over losses from the same period last year. The company also reported cash, cash equivalents, and restricted cash of $51.9M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:54 am

SGRY

Surgery Partners has increased its FY23 Adjusted EBITDA forecast to be greater than $435M, up from the previous estimate of over $430M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:53 am

HRMY

Harmony Biosciences (NASDAQ:HRMY) reported Q2 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.62 by 22.58%. However, the company's quarterly sales of $134.22 million missed the analyst consensus estimate of $139.79 million by 3.99%. The earnings and sales represent a 33.33% and 25.40% increase respectively from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:52 am

PEG

Public Service Enterprise Group (PEG) has re-affirmed its full-year 2023 adjusted EPS guidance of $3.40-$3.50, which is in line with the consensus estimate of $3.45.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:51 am