Streetbeat News

Earnings

NVR

NVR reported Q2 earnings of $116.54 per share, beating the analyst consensus estimate of $100.33 by 16.16%. However, this is a 5.75% decrease from the same period last year. The company's quarterly sales of $2.34 billion missed the analyst consensus estimate of $2.35 billion by 0.43%, marking a 12.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:02 pm

ETRN

KMI

SFL

Three energy stocks with high dividend yields have been highlighted by Wall Street's most accurate analysts. Equitrans Midstream Corporation (ETRN) has a dividend yield of 6.38%, SFL Corporation Ltd. (SFL) has a yield of 10.28%, and Kinder Morgan, Inc. (KMI) has a yield of 6.35%. Recent news for these companies includes better-than-expected Q1 results for ETRN, a net profit of $6.3 million for SFL in Q1, and downbeat sales for KMI in Q2.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 1:01 pm

HSTM

HealthStream Inc (NASDAQ:HSTM) reported better-than-expected Q2 earnings with EPS of $0.13, up 30% YoY, beating the consensus of $0.09. Sales increased 5% YoY to $69.2 million, surpassing the consensus of $68.89 million. The company reaffirmed its FY23 sales guidance of $277.5 million - $283 million. Analysts from William Blair reiterated an Outperform rating, citing a solid demand environment for healthcare workforce efficiency and training solutions.

Portfolio Pulse from Vandana Singh

July 25, 2023 | 12:55 pm

GLW

Corning Inc's shares are trading lower following mixed Q2 results and weak Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:51 pm

DOV

Dover Corp (NYSE:DOV) reported a Q2 2023 revenue decline of 3% Y/Y to $2.10 billion, missing the consensus of $2.20 billion. Adjusted EPS declined 4% Y/Y to $2.05, also missing the consensus of $2.20. The company's ERP system upgrade disrupted manufacturing and shipment, reducing revenue and EPS. Dover revised its 2023 guidance, expecting adjusted EPS of $8.85-$9.00 and revenue growth of 2%-4%. DOV shares are trading lower by 3.35% premarket.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 12:48 pm

HONE

HarborOne Bancorp reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.16 by 6.25%. However, this is a 19.05% decrease from the same period last year. The company's quarterly sales of $32.10 million missed the analyst consensus estimate of $32.17 million by 0.22%, marking a 13.70% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:48 pm

GM

GM's CEO Mary Barra announced that Chevrolet will introduce a next-generation Bolt, an affordable all-electric vehicle. The new Bolt will incorporate Ultium and Ultifi technologies and is expected to join Chevrolet's growing lineup of all-electric vehicles. Sales of Bolt EV and Bolt EUV have been the strongest to date, with 80% of Bolt owners staying loyal to Chevy and nearly 70% of buyers trading in a non-GM product for Bolt.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:47 pm

GOOGL

Alphabet Inc. (NASDAQ:GOOGL) is expected to report higher Q2 earnings at $1.34 per share, up from $1.21 per share a year ago, with revenues of $72.8 billion. The company's shares rose 1.3% to close at $121.53 on Monday. Several analysts have recently updated their price targets for Alphabet, with the highest target set at $150 by Jefferies analyst Brent Thill.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 12:41 pm

LW

Lamb Weston (LW) has projected its FY24 sales to be between $6.7 billion and $6.9 billion, which is in line with the consensus estimate of $6.79 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:39 pm

ARCC

Ares Capital Corp (NASDAQ:ARCC) reported Q2 2023 revenues of $634 million, beating the consensus of $622.05 million. Interest income from investments rose to $476 million from $319 million a year ago. Adjusted EPS of $0.58 surpassed the street estimate of $0.57. The company made new investment commitments of around $1.2 billion. The company's board of directors authorized an amendment to its share repurchase program, boosting the total authorized amount to $1.0 billion from $500 million. Ares Capital has declared a third quarter 2023 dividend of $0.48 per share.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 12:37 pm