Streetbeat News

Earnings

AXP

American Express reported Q2 total network volumes of $426.6B, an increase of 8% year-over-year, up from $398.9B in Q1.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:01 am

AXP

American Express (NYSE:AXP) reported Q2 earnings of $2.89 per share, beating the analyst consensus estimate of $2.81 by 2.85%. However, the company's quarterly sales of $15.05 billion missed the analyst consensus estimate of $15.48 billion by 2.78%. Both earnings and sales increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:00 am

ROP

Roper Technologies has raised its Q3 2023 adjusted EPS forecast to $4.16 - $4.20, from an estimate of $4.16. The company also increased its full-year 2023 adjusted EPS guidance to $16.36 - $16.50, up from the previous range of $16.10 - $16.30.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:59 am

SXT

Sensient Technologies (NYSE:SXT) reported Q2 earnings of $0.81 per share, missing the analyst consensus estimate of $0.88 by 7.95%. This is a decrease of 11.96% from the same period last year. The company also reported quarterly sales of $374.31 million, missing the analyst consensus estimate of $382.62 million by 2.17%. However, this is a slight increase of 0.70% over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:58 am

ROP

Roper Techs (NYSE:ROP) reported Q2 earnings of $4.12 per share, beating the analyst consensus estimate of $3.99 by 3.26%. This is a 4.3% increase from the same period last year. The company also reported quarterly sales of $1.53 billion, beating the analyst consensus estimate of $1.50 billion by 2.07%. This is a 16.78% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:57 am

SLB

SLB (NYSE:SLB) reported Q2 earnings of $0.72 per share, beating the analyst consensus estimate of $0.71 by 1.41%. However, the company's quarterly sales of $8.10 billion missed the analyst consensus estimate of $8.22 billion by 1.47%. This represents a 44% increase in earnings and a 19.58% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:54 am

ALV

Autoliv Inc reported Q2 FY23 sales growth of 27% YoY to $2.63 billion, beating the analyst consensus. Adjusted operating income increased 71% to $212 million. The company announced a cost reduction plan expected to save around $75 million when fully completed. Adjusted EPS of $1.93 beat the analyst consensus. Autoliv continues to see FY23 organic sales growth of around 15%, adjusted operating margin of around 8.5%-9%, and $900 million in operating cash flow.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 10:51 am

CMA

Comerica (NYSE:CMA) reported Q2 earnings of $2.01 per share, beating the analyst consensus estimate of $1.86 by 8.06 percent. This represents a 4.69 percent increase over earnings of $1.92 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:47 am

ALTG

BX

CSX

ENVX

ISRG

KNX

NVX

SIRI

Several big stocks are recording losses in today's pre-market trading session. Sirius XM Holdings Inc. shares dipped 9.8% after being downgraded by Pivotal Research and Evercore ISI Group. Enovix Corporation shares fell 6.2% after TD Cowen downgraded the stock. Knight-Swift Transportation Holdings Inc. shares declined 5.3% after reporting worse-than-expected Q2 earnings results and cutting 2023 EPS outlook. CSX Corporation shares fell 5% after reporting in-line earnings for Q2, but sales missed expectations. Intuitive Surgical, Inc. shares declined 4.8% despite reporting better-than-expected Q2 earnings. Alta Equipment Group Inc. shares fell 4% after reporting preliminary Q2 results and announcing a public offering of 2 million shares. Novonix Limited shares declined 3%. Blackstone Inc. shares fell 2.1% after reporting worse-than-expected Q2 sales results.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 10:26 am

AN

GM

JNJ

TSM

Investor sentiment declines as Nasdaq falls 2%. Cathie Wood's Ark Invest reduces GM stake and buys more Taiwan Semiconductor shares. UK Finance Ministry disagrees with calls to regulate crypto as gambling. CoinDesk is on the verge of a $125M acquisition. Microsoft-Activision deal may be heading towards settlement talks. AutoNation expected to report lower Q2 earnings. Starbucks partners with K-Pop stars BLACKPINK for potential sales boost. J&J investors will soon be able to exchange shares for Kenvue stocks.

Portfolio Pulse from Akanksha Bakshi

July 21, 2023 | 10:24 am