Streetbeat News

Earnings

GFL

GFL Environmental reported Q2 earnings of $0.40 per share, beating the analyst consensus estimate of $0.19 by 107.89%. However, the company's quarterly sales of $1.45 billion missed the analyst consensus estimate of $1.49 billion by 2.89%. This represents a 107.89% increase in earnings and an 8.15% increase in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 8:25 pm

META

Meta Platforms reported Q2 revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. EPS was $2.98, also beating the estimate of $2.91. The company reported 3.07 billion family daily active people, up 7% YoY, and bought back $793 million in shares. Meta ended Q2 with $53.45 billion in cash and long-term debt of $18.38 billion. The company continues to invest in AI and the metaverse, and sees FY 2023 capital expenditures in a range of $27 billion to $30 billion. Q3 revenue guidance is $32 to $34.5 billion, ahead of the Street estimate of $28.29 billion.

Portfolio Pulse from Chris Katje

July 26, 2023 | 8:25 pm

HP

Helmerich & Payne has projected its Q4 North America Solutions Direct Margins to be between $230M and $250M. The company also expects its International Solutions Direct Margins to be between $8M and $11M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:25 pm

ESRT

Empire State Realty Trust (NYSE:ESRT) reported Q2 earnings of $0.26 per share, a 10.34% decrease YoY. However, the company's sales increased by 3.52% to $154.60 million compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 26, 2023 | 8:24 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) reported Q2 revenue of $2.51 billion, missing the consensus estimate of $2.53 billion, but beating earnings per share estimates with $12.65 against $12.31. The company saw a 13.6% YoY increase in revenue, a 7.4% increase in comparable restaurant sales, and a 15.8% increase in in-restaurant sales. Digital sales represented 38% of food and beverage revenue. The company opened 47 new restaurants in the quarter. However, shares fell 8.04% after hours.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 8:24 pm

FIBK

First Interstate BancSys (NASDAQ:FIBK) reported Q2 earnings of $0.65 per share, missing the analyst consensus estimate of $0.67 by 2.99%. The company also reported quarterly sales of $262.50 million, missing the analyst consensus estimate of $271.94 million by 3.47%. This represents a 10.17% increase in earnings but a 9.14% decrease in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 26, 2023 | 8:23 pm

URI

United Rentals (NYSE:URI) reported Q2 earnings of $9.88 per share, beating the analyst consensus estimate of $9.01 by 9.66%. This is a 25.7% increase from the same period last year. The company also reported quarterly sales of $3.55 billion, beating the analyst consensus estimate of $3.45 billion by 3.01%. This is a 28.26% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:22 pm

FTAI

FTAI Aviation reported Q2 earnings of $0.46 per share, beating the analyst consensus estimate of $0.30 by 53.33%. However, the company's quarterly sales of $274.35 million missed the analyst consensus estimate of $283.43 million by 3.21%. This represents a 318.18% increase in earnings and a 54.19% increase in sales compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

July 26, 2023 | 8:22 pm

HP

Helmerich & Payne (NYSE:HP) reported Q3 earnings of $0.93 per share, beating the analyst consensus estimate of $0.91 by 2.2%. This is a 244.44% increase from the same period last year. The company also reported quarterly sales of $723.96 million, beating the analyst consensus estimate of $708.83 million by 2.13%. This is a 31.57% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:22 pm

MOH

Molina Healthcare reported Q2 adjusted earnings of $5.65 per share, beating the analyst consensus estimate of $5.10 by 10.78%. This is a 24.18% increase from the same period last year. The company also reported quarterly sales of $8.33 billion, beating the analyst consensus estimate of $8.32 billion by 0.08%. This is a 3.39% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:22 pm