Streetbeat News

Earnings

UNP

Union Pacific Corporation reported its Q2 FY23 results and announced Jim Vena as the new CEO. This news led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:48 am

UNP

Union Pacific reported Q2 earnings of $2.57 per share, missing the analyst consensus estimate of $2.75 by 6.55%. This is a 12.29% decrease from the same period last year. The company also reported quarterly sales of $5.96 billion, missing the analyst consensus estimate of $6.12 billion by 2.61%. This is a 4.93% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:47 am

T

AT&T's Q2 earnings per share (EPS) of $0.63 beat the estimate of $0.60. However, the company's sales of $29.92 billion fell short of the estimated $29.95 billion.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 11:43 am

MHO

M/I Homes reported Q2 earnings of $4.12 per share, beating the analyst consensus estimate of $2.45 by 68.16%. However, this is a 13.99% decrease from the same period last year. The company also reported quarterly sales of $1.01 billion, beating the estimate of $822.80 million by 23.24%, but this is a 2.59% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:36 am

FTV

Fortive Corporation has provided its adjusted earnings per share (EPS) guidance for FY23, which is expected to be between $3.24 and $3.36. This is in line with the estimated EPS of $3.36.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:34 am

RIO

Rio Tinto PLC (NYSE:RIO) reported H1 2023 sales revenue of $26.7 billion, down 10% Y/Y. Iron-ore shipments from Pilbara increased by 7% Y/Y, while mined copper production fell 1% Y/Y. Underlying EBITDA fell to $11.7 billion from $15.6 billion, and underlying EPS fell 34% Y/Y to $3.52. The company's net debt stood at $4.35 billion as of June 30, 2023. RIO shares are trading lower by 2.16% at $68.30 premarket.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 11:33 am

HES

Hess Corporation (NYSE:HES) reported Q2 earnings of $0.65 per share, beating the analyst consensus estimate of $0.50 by 30%. The company's quarterly sales were $2.32 billion, surpassing the analyst consensus estimate of $2.09 billion by 11%. However, both earnings and sales have decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:33 am

BA

Boeing has projected its free cash flow for the fiscal year 2023 to be between $3 billion and $5 billion.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 11:32 am

T

AT&T Inc (NYSE:T) reported Q2 FY23 operating revenues of $29.9 billion, up 0.9% YoY, slightly beating the consensus of $29.9 billion. Adjusted EPS of $0.63 also beat the consensus of $0.54. The company saw higher Mobility, Mexico, and Consumer Wireline revenues, offset by lower Business Wireline revenues. AT&T's adjusted EBITDA of $11.05 billion was up from $10.33 billion a year ago. The company remains confident in its FY23 guidance and expects to grow wireless service revenue by 4% or higher and Broadband revenue growth by 5% or higher.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 11:32 am

MNRO

Monro (NASDAQ:MNRO) reported Q1 adjusted earnings of $0.31 per share, missing the analyst consensus estimate of $0.37 by 16.22%. This is a 26.19% decrease from the same period last year. The company also reported quarterly sales of $327.00 million, missing the analyst consensus estimate of $332.39 million by 1.62%, a 6.45% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:31 am