Streetbeat News

Earnings

IIIN

Insteel Indus (NYSE:IIIN) reported Q3 earnings of $0.54 per share, missing the analyst consensus estimate of $0.66 by 18.18%. This is a 72.45% decrease from the same period last year. The company also reported quarterly sales of $165.71 million, missing the analyst consensus estimate of $186.32 million by 11.06%. This is a 27.05% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:32 am

KEY

KeyCorp (NYSE:KEY) reported Q2 earnings of $0.27 per share, missing the analyst consensus estimate of $0.31 by 12.9%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $1.59 billion, missing the analyst consensus estimate of $1.63 billion by 2.15%. This is a 10.99% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 20, 2023 | 10:32 am

SNA

Snap-on (NYSE:SNA) reported Q2 earnings of $4.89 per share, beating the analyst consensus estimate of $4.56 by 7.24%. This is a 14.52% increase from the same period last year. The company also reported quarterly sales of $1.19 billion, beating the analyst consensus estimate by 0.08%, a 4.75% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:32 am

AMZN

GOOGL

TSLA

Tesla, Inc. reported a record quarterly revenue of $24.93 billion, surpassing the consensus estimate of $24.48 billion. If Tesla continues its impressive performance, it could reach the $100 billion annual revenue mark faster than many large-cap companies. However, aggressive price cuts to maintain cost superiority may challenge competitors in the electric vehicle space. Tesla's stock closed Wednesday's session at $291.26, representing a 0.71% decline, and fell an additional 4.19% in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

July 20, 2023 | 10:31 am

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