Streetbeat News

Earnings

MCD

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

Portfolio Pulse from Bill Haddad

July 27, 2023 | 2:17 pm

VLO

Valero Energy Corp reported Q2 2023 revenues of $34.5 billion, beating the consensus of $34.37 billion. However, operating income fell significantly to $2.8 billion from $6.2 billion a year ago. The company repurchased shares worth $951 million and paid dividends worth $367 million. The company's cash and equivalents stood at $5.1 billion at the end of Q2. VLO shares are trading lower by 0.74% at $125.25.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 2:15 pm

CMCSA

Comcast Corp reported a Q2 FY23 revenue growth of 1.7% YoY to $30.51 billion, beating the consensus of $30.15 billion. Adjusted EPS of $1.13 also beat the consensus of $0.97. Revenue for Connectivity & Platforms grew by 0.1% YoY to $20.36 billion, while Broadband revenue grew 4.4% YoY to $6.11 billion. Peacock's paid subscribers in the U.S. nearly doubled YoY to 24 million, with its revenue growing by 85% to $820 million. The company's stock traded higher by 7.64% at $46.19.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 2:15 pm

GOL

Gol Intelligent Airlines (NYSE:GOL) reported Q2 losses of $(0.48) per share, missing the analyst consensus estimate of $(0.25) by 92%. The company also reported quarterly sales of $837.54 million, missing the analyst consensus estimate of $856.16 million by 2.17%. However, this represents a 26.75% increase over sales from the same period last year.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 2:13 pm

MBLY

Mobileye Global Inc reported a Q2 FY23 revenue decline of 1% YoY to $454 million, beating the consensus of $451.7 million. The company's CEO expressed optimism about their partnership with Volkswagen Group. Despite this, MBLY shares traded lower by 4.28% at $38.71.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 2:07 pm

LUV

Southwest Airlines Co (NYSE:LUV) reported Q2 FY23 operating revenue growth of 4.6% YoY to $7.04 billion, beating consensus estimates. However, adjusted EPS was $1.09, missing the consensus of $1.10. The company's Q2 RASM decreased 8.3% YoY, and fuel costs were down 22.6% YoY. The company had a net cash position of $4.2 billion and adjusted debt to invested capital of 46% as of June 30, 2023. The company's shares are trading lower by 8.4% at $33.24.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 2:06 pm

FHB

First Hawaiian (NASDAQ:FHB) is set to release its quarterly earnings report on July 28, 2023. Analysts estimate an EPS of $0.50. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. The stock is currently trading at $22.4, down 12.53% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:04 pm

BEN

Franklin Resources (NYSE:BEN) is set to release its latest quarterly earnings report on July 28, 2023. Analysts estimate an earnings per share (EPS) of $0.60. The company's past performance shows a pattern of share price changes following earnings reports. The stock was trading at $29.0 as of July 26, with a 52-week increase of 4.92%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:03 pm

CHD

Church & Dwight Co (NYSE:CHD) is set to release its latest quarterly earnings report on July 28, 2023. Analysts estimate an earnings per share (EPS) of $0.79. The company's past performance shows a mixed impact on the share price post-earnings release. The stock was trading at $97.91 as of July 26, with a 52-week return of 11.02%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:03 pm

TRP

TC Energy (NYSE:TRP) is set to release its quarterly earnings report on July 28, 2023. Analysts estimate an EPS of $0.74. The company's past performance shows a mixed trend of beating EPS estimates and varied share price changes. The stock is currently trading at $37.07, down 31.08% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:03 pm