Streetbeat News

Earnings

BSX

Boston Scientific reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.49 by 8.16%. This is a 20.45% increase over earnings of $0.44 per share from the same period last year. The company also reported quarterly sales of $3.60 billion, beating the analyst consensus estimate of $3.50 billion by 2.83%. This is a 10.94% increase over sales of $3.24 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:36 am

NOC

Northrop Grumman reported Q2 earnings of $5.34 per share, a decrease of 11.88% from the same period last year. However, the company's quarterly sales of $9.58 billion beat the analyst consensus estimate of $9.35 billion by 2.42%, marking an 8.81% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:36 am

TXT

Textron has raised its FY23 outlook, now expecting adjusted earnings per share from continuing operations to be in the range of $5.20 to $5.30, up from the previous outlook of $5.00 to $5.20. The company reiterated its expectation for cash flow from continuing operations of the manufacturing group before pension contributions of $0.9 billion to $1.0 billion.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:36 am

LUV

Southwest Airlines expects its third quarter 2023 CASM-X (Cost per Available Seat Mile excluding fuel and oil expense) to increase between 3.5% and 6.5% year-over-year, primarily due to ongoing inflationary cost pressures.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 10:35 am

WEX

WEX has increased its FY23 adjusted EPS outlook from $13.85 - $14.25 to $14.15 - $14.35, which is higher than the estimated $14.05.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:35 am

WAB

Westinghouse Air Brake (NYSE:WAB) reported Q2 earnings of $1.41 per share, beating the analyst consensus estimate of $1.33 by 6.02%. This is a 14.63% increase from the same period last year. The company also reported quarterly sales of $2.41 billion, beating the analyst consensus estimate of $2.23 billion by 7.94%, a 17.53% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:35 am

MBLY

Mobileye Global has reiterated its FY23 revenue guidance of $2.065B-$2.114B, which is in line with the $2.1B estimate. The company has also raised its adjusted operating income guidance to $600M-$631M, up from the previous $548M-$577M.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:34 am

HON

Honeywell has raised the lower end of its full-year 2023 guidance. The adjusted EPS is now expected to be between $9.05 and $9.25, up from the previous range of $9.00 to $9.25. The revenue forecast has also been increased to a range of $36.7B to $37.3B, up from $36.5B to $37.3B.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:34 am

CBZ

CBIZ (NYSE:CBZ) reported Q2 adjusted earnings of $0.55 per share, missing the analyst consensus estimate of $0.65 by 15.38%. This is a 12.7% decrease from the same period last year. However, the company reported quarterly sales of $398.50 million, beating the analyst consensus estimate of $392.36 million by 1.56%, a 10.10% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:34 am

LUV

Southwest Airlines reported Q2 earnings of $1.09 per share, missing the analyst consensus estimate of $1.10 by 0.91 percent. This is a 16.15 percent decrease from the same period last year. The company's quarterly sales of $7.04 billion beat the analyst consensus estimate of $6.98 billion by 0.82 percent, a 4.59 percent increase from last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 10:33 am