Streetbeat News

Earnings

CNP

CenterPoint Energy (NYSE:CNP) reported Q2 earnings of $0.28 per share, beating the analyst consensus estimate of $0.27 by 3.7%. However, this is a 9.68% decrease from the same period last year. The company also reported quarterly sales of $1.88 billion, beating the estimate of $1.85 billion by 1.35%, but this is a 3.55% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:27 am

CNP

CenterPoint Energy (NYSE:CNP) reported Q2 sales of $1.88 billion, beating the analyst consensus estimate of $1.85 billion by 1.35 percent. However, this represents a 3.55 percent decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:23 am

LIN

Linde has increased its FY23 adjusted EPS guidance to $13.80-$14.00, up from the previous estimate of $13.77.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 10:23 am

LIN

Linde (NYSE:LIN) reported Q2 earnings of $3.57 per share, beating the analyst consensus estimate of $3.47 by 2.88%. This is a 15.16% increase from the same period last year. However, the company's quarterly sales of $8.20 billion missed the analyst consensus estimate of $8.68 billion by 5.53%, a 3.04% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 10:22 am

STM

STMicroelectronics N.V. reported mixed second-quarter results but provided an upbeat guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:21 am

BC

Brunswick Corporation has reduced its FY23 net sales outlook from $6.8B-$7.2B to $6.7B-$6.8B, which is below the consensus estimate of $6.86B. The company also expects an adjusted EPS of $9.50, lower than the consensus estimate of $9.84.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:21 am

CVE

Cenovus Energy reported Q2 earnings of $0.33 per share, beating the analyst consensus estimate of $0.31 by 6.45%. However, the company's quarterly sales of $9.11 billion missed the analyst consensus estimate of $9.76 billion by 6.71%. This represents a 64.52% decrease in earnings and a 39.37% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:20 am

AVNT

Avient Corporation (AVNT) has reiterated its FY23 EPS outlook of $2.40, which is slightly below the estimate of $2.41. The company also expects lower sales of $3.3 billion, compared to the estimated $3.39 billion. Avient believes it can offset any further weakening in demand conditions with strength in composites, improving margins, and cost reductions.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:19 am

OSTK

Overstock.Com, Inc reported positive second-quarter results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:19 am

KBR

KBR has reaffirmed its FY23 guidance with expected revenue between $6.9B-$7.1B, which is in line with the consensus of $7.07B. The company also expects its adjusted EPS to be between $2.76-$2.96, close to the consensus of $2.91.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:17 am