Streetbeat News

Earnings

SLB

Schlumberger N.V. (NYSE:SLB) reported a Q2 FY23 revenue increase of 19.6% YoY to $8.10 billion, missing the consensus of $8.22 billion. Adjusted EPS increased 44% YoY to $0.72, beating the consensus of $0.71. The company also repurchased ~4.5 million shares at an average price of $47.33 per share for a total purchase price of $213 million. Despite these results, SLB shares are trading lower by 2.57% at $55.79 premarket on Friday.

Portfolio Pulse from Akanksha Bakshi

July 21, 2023 | 1:07 pm

TMP

Tompkins Finl (AMEX:TMP) reported Q2 earnings of $0.59 per share, missing the analyst consensus estimate of $1.05 by 43.81%. The company also reported quarterly sales of $64.51 million, missing the analyst consensus estimate of $71.92 million by 10.30%. This represents a decrease in earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:06 pm

IPG

SIFY

Several communication services stocks experienced significant movement in Friday's pre-market session. Sify Technologies, Takung Art, Kuke Music Hldg, trivago, Treasure Global, and Cineverse saw gains, while Interpublic Group of Cos, Sirius XM Holdings, iClick Interactive Asia, Lytus Technologies Hldgs, CuriosityStream, and Snail experienced losses. Sify's Q1 earnings report and Interpublic Group's Q2 earnings were released recently.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 1:06 pm

TMP

Tompkins Financial Corporation (AMEX:TMP) reported Q2 earnings of $0.59 per share, missing the analyst consensus estimate of $1.05 by 43.81%. This represents a 59.31% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:04 pm

ACU

Acme United (AMEX:ACU) reported Q2 earnings of $0.96 per share, beating the analyst consensus estimate of $0.52 by 84.62%. This is a 35.21% increase from the same period last year. However, the company's quarterly sales of $53.30 million missed the analyst consensus estimate of $58.48 million by 8.86%, marking a 6.12% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:01 pm

AXP

American Express Co (NYSE:AXP) reported Q2 revenue growth of 12% YoY to $15.05 billion, missing the consensus of $15.48 billion. Card Member spending grew 8% on an FX-adjusted basis, hitting an all-time high. Total expenses rose 7% YoY to $11.1 billion due to higher customer engagement costs. EPS of $2.89 beat the consensus of $2.81. The company reaffirmed its FY23 revenue growth guidance of 15% - 17% and EPS of $11.00 - $11.40.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 12:48 pm

AXP

American Express CFO has announced that the company expects double-digit growth in travel and entertainment spending for the rest of the year.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 12:44 pm

AAPL

AMD

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Limited (TSMC) reported disappointing Q2 results and postponed the production launch at its U.S. plant to 2025. Q2 revenue dropped 10% to $15.68 billion and net income declined 23.3% to $5.8 billion. TSMC's largest client, Apple, also reported a sales drop for the second consecutive quarter. The delay in TSMC's U.S. plant production is a setback for Apple, Nvidia, and Advanced Micro Devices, who committed to source chips from the plant, and for the Biden administration's efforts to boost semiconductor manufacturing.

Portfolio Pulse from Upwallstreet

July 21, 2023 | 12:34 pm

BTM

Bitcoin Depot, a US-based Bitcoin ATM operator, has reported preliminary Q2 2023 revenue of $196M-$198M, a 17%-18% increase from Q2 2022. The company also provided 2023 guidance, expecting consolidated revenue of $700M-$730M, an 8%-13% improvement from 2022. Adjusted EBITDA for 2023 is expected to range between $56M and $59M, a 37%-44% increase YoY. The company will release its financial results for Q2 2023 on August 14, 2023.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 12:22 pm

RBCAA

Republic Bancorp reported Q2 earnings of $1.07 per share, missing the analyst consensus estimate of $1.14 by 6.14 percent. This represents a 10.83 percent decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 12:16 pm