Streetbeat News

Earnings

EWA

EWJ

FXI

Asian markets showed mixed results with Chinese markets down due to poor economic conditions, while Japan and Australia gained on US earnings and retail data. The US Dollar rose 0.09% during the Asian session.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:47 am

ASML

ASML Holding has projected its Q3 sales to be between €6.5 billion and €7.0 billion, with a gross margin of approximately 50%. The company also anticipates R&D costs of around €1.0 billion and SG&A costs of about €285 million. Despite increased uncertainties, ASML expects strong growth for 2023, with a net sales increase of around 30% and a slight improvement in gross margin compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:17 am

ASML

ASML Holding reported Q2 earnings of $5.37 per share, beating the analyst consensus estimate of $5.17 by 3.87%. This is a 42.44% increase from the same period last year. The company also reported quarterly sales of $7.52 billion, beating the analyst consensus estimate of $7.51 billion by 0.13%. This is a 29.92% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:13 am

WDS

Woodside Energy reported 2Q23 revenue of $3.084 billion, a 10% YoY decrease, and a quarterly production of 44.5 MMboe, a 5% sequential decrease. The decline in production and sales volume, which was 48.4 MMboe, was due to planned maintenance activities and lower realized prices. The company's full-year production guidance remains unchanged at 180–190 MMboe.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:43 am

FULT

Fulton Financial (NASDAQ:FULT) reported Q2 earnings of $0.47 per share, beating the analyst consensus estimate of $0.42 by 11.9%. The company also reported quarterly sales of $217.26 million, surpassing the analyst consensus estimate of $215.68 million by 0.73%. Both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 9:02 pm

PNFP

Pinnacle Financial Partners reported Q2 adjusted earnings of $1.79 per share, beating the analyst consensus estimate of $1.64 by 9.15%. However, this is a 3.76% decrease from the same period last year. The company also reported quarterly sales of $489.23 million, surpassing the analyst consensus estimate of $415.34 million by 17.79%, marking a 25.42% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 9:02 pm

FHN

First Horizon (NYSE:FHN) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $0.38. The company's past performance shows a pattern of share price increase following earnings reports, even when EPS estimates were missed. The stock is currently trading at $12.55, down 42.43% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 9:01 pm

UCBI

United Community Banks reported Q2 adjusted EPS of $0.55, missing the estimate of $0.61. The company's sales were $236.67M, also falling short of the $241.33M estimate.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:51 pm

WAL

Western Alliance Bancorporation (WAL) reported worse-than-expected Q2 results, along with a drop in net interest margin. This has led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:50 pm

EQBK

Equity Bancshares reported Q2 earnings of $0.74 per share, a 21.28% decrease from the same period last year. The company's quarterly sales were $46.38 million, missing the analyst consensus estimate of $48.28 million by 3.94%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:50 pm