Streetbeat News

Earnings

ALLE

Allegion's shares are trading lower after the company reported mixed Q2 results.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:44 pm

RCI

Rogers Communications Inc (NYSE:RCI) reported a 30% Y/Y increase in Q2 FY23 revenue to C$5.05 billion. The company also saw a 32% Y/Y growth in total service revenue to C$4.53 billion, largely due to higher revenue growth in the Cable and Wireless businesses. Adjusted EBITDA increased 38% Y/Y to C$2.19 billion. The company declared a quarterly dividend of C$0.50 on each of its outstanding Class B Non-Voting shares and Class A Voting shares. RCI revised its FY23 outlook for adjusted EBITDA growth to 33%-36% and free cash flow to C$2.20 billion-C$2.50 billion.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 4:44 pm

CSGP

CoStar Group has issued a soft Q3 guidance, leading to a decrease in its share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:43 pm

TXN

Texas Instruments Inc (NASDAQ:TXN) shares dropped after the company reported Q2 results. Analysts from Susquehanna, BMO Capital Markets, Oppenheimer, and KeyBanc Capital Markets provided their insights. While Q2 results were better due to strong auto chip sales, Q3 is expected to be flat. Analysts noted potential gross margin weakness and sluggish end-markets, except for auto. The company's shares declined by 5.30% to $176.21.

Portfolio Pulse from Priya Nigam

July 26, 2023 | 4:40 pm

ODFL

Old Dominion Freight Line reported mixed Q2 results and announced a new repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:38 pm

UHS

Universal Health Services (UHS) shares are trading lower following the release of their Q2 results.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:36 pm

GOOG

MSFT

The article discusses the reality of AI technology and its impact on the earnings of Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc Class C (NASDAQ:GOOG). It highlights that the monetization of AI will be slow and a lot of money is to be spent now with returns far in the future. The article also mentions that the SEC may move against AI garbage by proposing guidelines. It also mentions the stocks of Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), NVIDIA Corp (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA) as part of the 'magnificent seven' stocks that have led the rally.

Portfolio Pulse from The Arora Report

July 26, 2023 | 4:35 pm

ABVC

AURC

BA

DXF

MXL

SIMO

VICR

U.S. stocks traded mixed with the Dow Jones gaining around 50 points. Boeing Co reported better-than-expected Q2 results with an 18% YoY revenue increase to $19.75 billion. Silicon Motion Technology Corporation shares shot up 79% following a report suggesting China approval of the company's Maxlinear merger. ABVC BioPharma shares shot up 42% after signing a term sheet to advance a partnership with Zhonghui United Technology Group Co., Ltd. Vicor Corporation shares gained 52% after posting better-than-expected Q2 results. Dunxin Financial Holdings Limited shares dropped 43% after reporting pricing of $1.09 million registered direct offering. Aurora Acquisition Corp. shares were down 20% after jumping over 220% on Tuesday. MaxLinear, Inc. was down, falling 19% following a report suggesting China approval of the company's Silicon Motion merger.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 4:29 pm

VIV

Telefonica Brasil's shares are trading higher after the company reported better-than-expected Q1 earnings.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 4:27 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading lower after the company reported Q4 financial results. Analysts from BMO, RBC Capital Markets, Wedbush, Needham, and Piper Sandler provided their insights. Azure growth deceleration was noted, but AI growth could benefit the company. The impact of AI's contribution to revenue could be gradual. The growth of Microsoft Teams was highlighted. Microsoft's first-mover advantage in generative AI was also noted.

Portfolio Pulse from Chris Katje

July 26, 2023 | 4:25 pm