Streetbeat News

Earnings

GVA

Granite Construction has reduced its FY23 revenue guidance from $3.4B-$3.6B to $3.35B-$3.45B, which is lower than the estimated $3.43B.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:50 am

SAH

Sonic Automotive (NYSE:SAH) reported Q2 earnings of $1.83 per share, beating the analyst consensus estimate of $1.65 by 10.91%. However, this is a 25.31% decrease from the same period last year. The company also reported quarterly sales of $3.65 billion, beating the estimate of $3.60 billion by 1.44%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:49 am

FTI

TechnipFMC (NYSE:FTI) reported Q2 adjusted earnings of $0.10 per share, missing the analyst consensus estimate of $0.15 by 33.33%. However, this is a 400% increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $1.97 billion, beating the analyst consensus estimate of $1.93 billion by 2.18%. This is a 14.85% increase over sales of $1.72 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:48 am

HZO

MarineMax (NYSE:HZO) reported Q3 adjusted earnings of $2.07 per share, beating the analyst consensus estimate of $1.84 by 12.5%. However, this is a 34.7% decrease from the same period last year. The company also reported quarterly sales of $721.84 million, beating the analyst consensus estimate of $665.11 million by 8.53%, and marking a 4.84% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:47 am

BCS

EBAY

EYE

MXL

NOVA

OII

PKX

SIMO

TPIC

VEON

Several stocks are recording losses in today's pre-market trading session. TPI Composites, National Vision Holdings, LendingClub Corporation, Oceaneering International, Impinj, MaxLinear, VEON Ltd., Silicon Motion Technology Corporation, POSCO Holdings, Sunnova Energy International, eBay, Edwards Lifesciences Corporation, and Barclays PLC all saw declines. Reasons for the declines include lowered forecasts, ending partnerships, weaker-than-expected quarterly results, downbeat sales, and downbeat second-quarter results.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 10:47 am

LAZ

Lazard (NYSE:LAZ) reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $0.10 by 140%. However, this is a 73.91% decrease from the same period last year. The company also reported quarterly sales of $620.03 million, beating the analyst consensus estimate of $567.99 million by 9.16%, but this is an 8.27% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:47 am

GVA

Granite Construction reported Q2 adjusted earnings of $1.03 per share, beating the analyst consensus estimate of $0.99 by 4.04%. This is a 171.05% increase from the same period last year. However, the company's quarterly sales of $898.55 million missed the analyst consensus estimate of $924.09 million by 2.76%, though it's a 16.96% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:46 am

FAF

First American Financial (NYSE:FAF) reported Q2 earnings of $1.35 per share, beating the analyst consensus estimate of $1.01 by 33.66%. However, this is a 31.47% decrease from the same period last year. The company also reported quarterly sales of $1.65 billion, beating the estimate of $1.50 billion by 9.79%, but this is a 20.13% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:46 am

HSY

Hershey (NYSE:HSY) reported Q2 earnings of $2.01 per share, beating the analyst consensus estimate of $1.91 by 5.24%. This is an 11.67% increase from the same period last year. However, the company's quarterly sales of $2.49 billion missed the analyst consensus estimate of $2.50 billion by 0.40%, though it's a 4.93% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:46 am

BSX

Boston Scientific has provided its Q3 FY23 revenue growth guidance of 8.5%-10.5% (reported) and 7%-9% (organic). The company also forecasts an adjusted EPS of $0.46-$0.48, which is in line with the consensus of $0.48.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:43 am