Streetbeat News

Earnings

ARGX

argenx (NASDAQ:ARGX) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $-1.73. The company's past performance shows a trend of beating EPS estimates, which has often resulted in a share price increase. The stock is currently trading at $525.94, up 40.35% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:01 pm

ALKS

JNJ

Alkermes plc reported Q2 adjusted EPS of $0.55, missing the consensus of $0.56. However, sales of $617.40 million beat the consensus estimate of $585.02 million, reflecting strong performance of proprietary products and reinstated Invega product royalties. The company increased its FY23 outlook by $425 million following a successful arbitration with Janssen Pharmaceutica N.V., a subsidiary of Johnson & Johnson. Alkermes' shares are down 4.15%.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 3:58 pm

RPM

RPM International's shares are trading higher following the company's strong Q4 results.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 3:51 pm

BXMT

Blackstone Mortgage Trust, Inc. (BXMT) reported Q2 net income from loans and other investments of $177.34 million, up 20.6% YoY and above the consensus of $170.2 million. The company's distributable earnings per share of $0.79 in Q2 beat the estimates of $0.66. The company exited the quarter with cash and equivalents worth $482.86 million. BXMT shares are trading higher by 4.55% to $23.44.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 3:40 pm

ADI

AMD

AVGO

LSCC

MCHP

MPWR

SLAB

TER

TXN

Shares of semiconductor and chip stocks are trading lower in sympathy with Texas Instruments, which fell after issuing Q3 EPS guidance with a midpoint below estimates. The company also experienced weakness across end markets.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:27 pm

TDY

Teledyne Technologies Incorporated (NYSE:TDY) reported Q2 FY23 sales growth of 5.1% YoY to $1.425 billion, beating the consensus of $1.410 billion. Adjusted EPS was $4.67, above the consensus of $4.64. The company is looking for disciplined capital deployment including acquisitions. However, TDY shares are trading lower by 4.09% at $397.75.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 3:24 pm

GOOG

Alphabet Inc's Q2 results have sparked optimism among analysts despite market challenges. The company's revenue and operating income exceeded consensus estimates. Analysts from KeyBanc Capital Markets, Needham, JMP Securities, RBC Capital Markets, and Susquehanna have all maintained positive ratings and raised their price targets for Alphabet. The company's integration of AI into its ad and Cloud products, as well as its focus on efficiency, are seen as key drivers of growth.

Portfolio Pulse from Priya Nigam

July 26, 2023 | 3:17 pm

General Dynamics Corp (NYSE:GD) reported Q2 FY23 revenue growth of 10.5% YoY to $10.15 billion, beating the consensus of $9.46 billion. EPS was $2.70, above the consensus of $2.56. Operating earnings fell 1.6% YoY to $962 million. The company generated an operating cash flow YTD of $2.19 billion. The total estimated contract value was $129.3 billion at the end of the quarter. GD expects total revenue of ~$42.45 billion for FY23.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 3:13 pm

VICR

Vicor Corporation's shares are trading higher following the company's release of better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:13 pm

RCI

Rogers Communication reported its Q2 FY23 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:10 pm