Streetbeat News

Earnings

LBAI

Lakeland Bancorp reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.39 by 12.82%. This is a 22.73% decrease from the same period last year. The company also reported quarterly sales of $78.21 million, missing the analyst consensus estimate of $81.40 million by 3.92%. This is a 10.48% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:19 pm

HNVR

Hanover Bancorp (NASDAQ:HNVR) reported a 49.4% decrease in quarterly earnings, from $0.83 per share last year to $0.42 per share this year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:19 pm

NREF

NexPoint Real Estate (NYSE:NREF) reported Q2 earnings of $0.49 per share, beating the analyst consensus estimate of $0.46 by 6.52 percent. However, this represents a 12.5 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:19 pm

AAPL

COIN

FB

GOOGL

HON

MCD

Investor sentiment declines after the Fed raises interest rates by 0.25%. McDonald's, Meta Platforms, and three other stocks are highlighted as ones to watch. Ark Invest continues to sell shares of Warren Buffett-backed BYD and trims Coinbase holdings. Crypto regulations are closer than ever as the US House panel approves two bills. Apple's iPhone 15 Pro Max may have a $1,299 price tag. Google's early lead puts Alphabet ahead of Microsoft in the AI race. European automakers are forming partnerships in China to conquer the booming EV market. Honeywell is likely to report higher Q2 earnings.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 12:17 pm

META

Meta Platforms, Inc. (NASDAQ:META) reported better-than-expected Q2 results with revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. EPS was $2.98, surpassing the estimate of $2.91. Following the announcement, Meta shares surged 10.1% in pre-market trading. Analysts from Wells Fargo and Barclays raised their price targets on Meta.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:13 pm

GWW

W.W. Grainger has raised the mid-point of its FY23 net sales guidance to $16.4 billion-$16.8 billion, up from the previous estimate of $16.2 billion-$16.8 billion. The company also expects FY23 EPS to be between $35.00 and $36.75, compared to the previous range of $34.25 to $36.75.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:11 pm

TRS

TriMas Corporation has revised its FY23 consolidated sales growth outlook downwards from 10%-15% to 5%-10%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:10 pm

TRS

TriMas Corporation has revised its full-year 2023 adjusted EPS outlook downwards from $2.00-$2.20 to $1.80-$1.95.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:08 pm

TALK

Talkspace reported Q2 earnings per share (EPS) of $(0.03), beating the analyst consensus estimate of $(0.05) by 40%. The company also reported quarterly sales of $35.65M, surpassing the analyst consensus estimate of $33.74M by 5.65%. This represents an 80% increase in EPS and a 19.44% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:08 pm

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) missed Q2 revenue estimates but beat earnings per share estimates. The company expects Q3 comparable restaurant sales growth to be in the low to mid-single-digit range. Following the earnings announcement, several analysts revised their price targets on Chipotle. Shares fell 8.3% in pre-market trading.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:07 pm