Streetbeat News

Earnings

AXP

JNJ

NFLX

SLB

TRV

TSLA

Investor sentiment in the US declined as the Nasdaq fell by 2.05% due to a drop in Netflix and Tesla shares. The Dow Jones, however, recorded gains for a ninth straight session, boosted by strong earnings from Johnson & Johnson and The Travelers Companies. Investors are now awaiting earnings results from American Express, Schlumberger, and AutoNation. The CNN Money Fear and Greed index, a measure of market sentiment, remained in the 'Extreme Greed' zone.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 7:20 am

NHYDY

Norsk Hydro reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.14 by 17.86%. However, this is a 57.69% decrease from the same period last year. The company also reported quarterly sales of $5.01 billion, beating the analyst consensus estimate of $4.33 billion by 15.70%, but this is a 27.40% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 7:02 am

QBTS

D-Wave has reported preliminary 2Q23 results, with revenues expected to be between $1.65M and $1.80M, lower than the $2.3M estimate. Bookings have increased by 146% YoY to $2.5M. The company has updated its full year 2023 guidance due to the timing of revenue recognition and current market conditions. It expects fiscal 2023 revenue to be between $11M and $13M, and Adjusted EBITDA to be less than negative $58M.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:11 am

PRCH

Porch Group has disclosed an estimated $18M impact on its 2Q23 results due to catastrophic weather events. This could potentially affect the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:03 am

HMNF

HMN Finl (NASDAQ:HMNF) reported a decrease in Q2 earnings and sales YoY. Earnings per share fell by 38.46% to $0.32 from $0.52, and sales dropped by 5.65% to $9.70M from $10.28M.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:57 am

TFC

Truist Finl (NYSE:TFC) reported Q2 earnings of $0.95 per share, missing the analyst consensus estimate of $1.01 by 5.94%. This is a 20.83% decrease from the same period last year. The company also reported quarterly sales of $5.92 billion, missing the analyst consensus estimate of $5.99 billion by 1.20%. However, this is a 4.65% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 3:04 am

OFG

OFG Bancorp reported Q2 earnings of $0.93 per share, beating the analyst consensus estimate of $0.88 by 5.68%. This is a 10.71% increase from the same period last year. The company also reported quarterly sales of $139.60 million, beating the analyst consensus estimate of $135.79 million by 2.81%. This is a 21.29% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 3:03 am

ARKQ

TSM

Cathie Wood's Ark Invest has made a significant investment in Taiwan Semiconductor Mfg. Co. Ltd. (TSM) through its ARK Autonomous Technology & Robotics ETF (ARKQ), purchasing 28,909 shares valued at $2.83 million. This comes after TSM's Q2 earnings report showed a revenue decline of 13.7% but beat consensus estimates. Ark Invest also sold 72,519 shares of General Motors Co (GM) through ARKQ.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 2:01 am

BGLC

DWAC

GFAI

SIRI

TSLA

US stocks traded mixed with the Nasdaq Composite falling nearly 250 points. Digital World Acquisition Corporation (DWAC) settled fraud charges with the SEC related to material misrepresentations made to investors. Guardforce AI (GFAI) announced a partnership with Concorde to provide automated security solutions in Singapore. Tesla (TSLA) reported quarterly record revenue of $24.93 billion. BioNexus Gene Lab (BGLC) announced the pricing of its Public Offering of 1,250,000 shares. Sirius XM (SIRI) shares surged on abnormally high volumes and were halted several times for volatility.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 1:29 am

BLX

Banco Latinoamericano (NYSE:BLX) reported Q2 earnings of $1.02 per share, beating the analyst consensus estimate of $0.86 by 18.6%. This is a 61.9% increase from the same period last year. The company also reported quarterly sales of $57.40 million, beating the analyst consensus estimate of $53.70 million by 6.89%. This is a 55.56% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:02 pm