Streetbeat News

Earnings

INFY

Infosys reported Q1 earnings of $0.17 per share, missing the analyst consensus estimate of $0.18 by 5.56%. However, the company's quarterly sales of $4.62 billion beat the estimate of $4.58 billion by 0.81%. This represents a 6.25% increase in earnings and a 3.89% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:29 am

JNJ

Johnson & Johnson has revised its FY23 adjusted EPS guidance to $10.70-$10.80, up from the previous guidance of $10.60-$10.70. The company also increased its FY23 sales forecast to $99.3B-$100.3B, up from $97.9B-$98.9B. Both revisions are above the consensus estimates.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:26 am

JNJ

Johnson & Johnson (NYSE:JNJ) reported Q2 earnings of $2.80 per share, beating the analyst consensus estimate of $2.62 by 6.87%. This is an 8.11% increase from the same period last year. The company also reported quarterly sales of $25.53 billion, beating the analyst consensus estimate of $24.63 billion by 3.65%. This is a 6.29% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:21 am

CCI

COHR

CPA

DFS

NFLX

RELL

SLG

TSLA

TSM

Several major stocks are recording losses in today's pre-market trading session. Discover Financial Services reported downbeat quarterly earnings and paused share buybacks, causing a 12.2% dip. Richardson Electronics also reported worse-than-expected Q4 earnings, leading to a 9.3% tumble. Netflix's shares declined by 6.8% despite upbeat Q2 earnings due to sales missing expectations. Other companies experiencing pre-market losses include Copa Holdings, Crown Castle Inc., SL Green Realty Corp., Coherent Corp., Tesla, and Taiwan Semiconductor Manufacturing Company.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 10:15 am

ZION

Zions Bancorp reported its Q2 earnings results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:13 am

WNS

WNS, a business process management company, has projected its adjusted EPS for FY24 to be between $4.21 and $4.45, compared to the estimated $4.27.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:08 am

TFC

Truist Finl (NYSE:TFC) reported Q2 earnings of $0.92 per share, missing the analyst consensus estimate of $1.01 by 8.91%. This is a 15.6% decrease from the same period last year. The company also reported quarterly sales of $5.97 billion, missing the analyst consensus estimate of $5.99 billion by 0.30%. This is a 5.09% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:07 am

WNS

WNS has increased its revenue guidance for FY24 from $1.162 billion to a range of $1.296 billion to $1.354 billion, which is higher than the estimated $1.29 billion.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:06 am

WNS

WNS (Hldgs) (NYSE:WNS) reported Q1 adjusted earnings of $1.01 per share, beating the analyst consensus estimate of $0.93 by 8.6%. This is a 12.22% increase from the same period last year. The company also reported adjusted sales of $317.50 million, surpassing the analyst consensus estimate of $304.57 million by 4.25%, a 15.54% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:01 am

TCBI

Texas Capital Bancshares reported Q2 earnings of $1.33 per share, beating the analyst consensus estimate of $0.95 by 40%. This is a 125.42% increase from the same period last year. The company also reported quarterly sales of $278.00 million, beating the analyst consensus estimate of $270.15 million by 2.91%. This is a 19.95% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:01 am