Streetbeat News

Earnings

CVCY

Central Valley Community (NASDAQ:CVCY) reported Q2 earnings of $0.54 per share, missing the analyst consensus estimate of $0.60 by 10 percent. This represents a 3.57 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:04 pm

KNX

Knight-Swift (NYSE:KNX) reported Q2 earnings of $0.49 per share, missing the analyst consensus estimate of $0.57 by 14.04%. This is a 65.25% decrease from the same period last year. The company also reported quarterly sales of $1.55 billion, missing the analyst consensus estimate of $1.60 billion by 2.94%. This is a 20.81% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:04 pm

CSX

CSX reported Q2 earnings of $0.49 per share, in line with analyst consensus. However, the company's quarterly sales of $3.70 billion missed the consensus estimate of $3.73 billion by 0.80 percent. This represents a 2 percent decrease in earnings and a 3.01 percent decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:02 pm

SCHL

Scholastic (NASDAQ:SCHL) reported Q4 adjusted earnings of $2.26 per share, beating the analyst consensus estimate of $1.70 by 32.94%. This is a 31.4% increase from the same period last year. However, the company's quarterly sales of $528.30 million missed the analyst consensus estimate of $541.76 million by 2.48%, though it's a 2.70% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:02 pm

ZION

Zions Bancorporation N.A. (NASDAQ:ZION) stock is trading higher after the company reported Q2 earnings of $1.11 per share, meeting analyst consensus but representing a 13.95% decrease YoY. Several analysts have issued price target changes for the company, with most raising their targets.

Portfolio Pulse from Ryan Gustafson

July 20, 2023 | 8:01 pm

ASML

ASML Holding N.V. (NASDAQ:ASML) shares are trading lower in sympathy with Taiwan Semiconductor, which issued weak Q3 earnings and 2023 guidance. Despite Taiwan Semiconductor reporting earnings and sales above analyst consensus, these figures represent a decrease from the same period last year. Wells Fargo analyst Joseph Quatrochi maintained ASML Holding with an Overweight and raised the price target from $775 to $800.

Portfolio Pulse from Ryan Gustafson

July 20, 2023 | 7:59 pm

SHOP

Shopify Inc. (NYSE:SHOP) shares are trading lower along with other tech stocks due to the weakness observed in Netflix and Tesla following their quarterly reports. Shopify is set to report its Q2 financial results on Aug. 2, with estimated earnings of six cents per share and revenue of $1.62 billion. At the time of publication, shares of SHOP were down 4.52% at $65.15.

Portfolio Pulse from Ryan Gustafson

July 20, 2023 | 7:56 pm

CRWD

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) are trading lower along with other tech stocks due to the weakness observed in Netflix and Tesla following their respective quarterly reports. Netflix reported mixed results with soft third quarter sales guidance, while Tesla reported increased earnings and sales. CRWD shares were down 6.35% at $147.60 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 20, 2023 | 7:55 pm

APLD

Applied Digital Corporation's (NASDAQ:APLD) shares are declining along with other tech stocks due to the weakness observed in Netflix and Tesla following their respective quarterly reports. Netflix reported mixed results with soft third quarter sales guidance. Tesla reported increased earnings and sales. Applied Digital is set to report fourth quarter earnings in four days, with an expected loss of four cents per share and revenue estimated at $29.57 million. APLD shares were down 8.21% at $7.71 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 20, 2023 | 7:54 pm

ENPH

Shares of Enphase Energy Inc (NASDAQ:ENPH) are trading lower by 4.92% due to weak third-quarter and 2023 guidance issued by Taiwan Semiconductor. This could indicate potential constraints in the semiconductor industry, affecting Enphase Energy's ability to source necessary components for its products, leading to production delays or increased costs.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 7:45 pm