Streetbeat News

Earnings

UAL

United Airlines has projected its FY23 adjusted EPS to be between $11 and $12, which is higher than the estimated $9.73.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:03 pm

BANR

Banner Corporation (NASDAQ:BANR) reported Q2 earnings of $1.32 per share, missing the analyst consensus estimate of $1.55 by 14.84%. The company also reported quarterly sales of $150.94 million, missing the analyst consensus estimate of $151.51 million by 0.38%. This represents a 5.6% increase in earnings but a 3.36% decrease in sales compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

July 19, 2023 | 8:03 pm

NFLX

Netflix reported Q2 global streaming paid memberships of 238.39 million, marking an 8% YoY increase. The company also saw global streaming paid net additions of 5.89 million.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:02 pm

NFLX

Netflix reported Q2 earnings of $3.29 per share, beating the analyst consensus estimate of $2.85 by 15.44%. However, the company's quarterly sales of $8.19 billion missed the analyst consensus estimate of $8.29 billion by 1.24%. This represents a 2.81% increase in earnings and a 2.72% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:02 pm

NFLX

Netflix has reported its Q3 earnings per share (EPS) at $3.52, which is higher than the estimated $3.24. However, its revenue of $8.52 billion fell short of the estimated $8.68 billion.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:01 pm

UAL

United Airlines Holdings (NASDAQ:UAL) reported Q2 earnings of $5.03 per share, beating the analyst consensus estimate of $4.03 by 24.81%. This is a 251.75% increase from the same period last year. The company also reported quarterly sales of $14.18 billion, beating the analyst consensus estimate of $13.91 billion by 1.93%, a 17.08% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:01 pm

JNJ

Johnson & Johnson (NYSE:JNJ) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $2.62. The company's past performance shows a trend of beating EPS estimates, which has generally led to a slight increase in share price. However, the stock has been down 7.37% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 8:00 pm

OMC

Omnicom Group reported worse-than-expected Q2 sales results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 7:37 pm

WAL

Western Alliance Bancorporation (WAL) shares are trading higher by 7.08% after Wedbush maintained an Outperform rating on the stock and raised its price target from $45 to $50. This comes despite the company reporting worse-than-expected Q2 results and a drop in net interest margin. Bank stocks are generally trading higher following strong earnings from multiple companies in the sector.

Portfolio Pulse from Henry Khederian

July 19, 2023 | 7:35 pm

CVNA

GME

Carvana Co (NYSE:CVNA) reported Q2 revenue of $2.97 billion, beating analyst estimates, and announced an offering of up to $1 billion. The stock soared over 30%, with Jim Cramer likening the situation to GameStop (NYSE:GME) due to high short interest. Carvana also announced an agreement to reduce total debt, extend maturities, and lower near-term cash interest expenses.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 7:28 pm