Streetbeat News

Earnings

AVPT

CALX

DTST

EGIO

FOXO

INTT

MOVE

NVEC

RELL

SKYT

SMX

TMPO

Several information technology stocks experienced significant movement in Wednesday's after-market session. Gainers included Tempo Automation Holdings (TMPO), inTest (INTT), Edgio (EGIO), Calix (CALX), Movano (MOVE), and SkyWater Technology (SKYT). Losers included Richardson Electronics (RELL), SMX (Security Matters) (SMX), NVE (NVEC), Data Storage (DTST), AvePoint (AVPT), and FOXO Technologies (FOXO).

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 9:32 pm

DFS

Discover Financial Services (NYSE:DFS) reported Q2 results with revenue of $3.878 billion, beating estimates of $3.8 billion, but EPS of $3.54, missing estimates of $3.67. The company saw a 19% YoY loan growth, reaching $117.9 billion. However, digital banking revenue fell by $322 million. Payment services volume and income increased by 8% YoY and from $20 million to $70 million respectively. The company repurchased 6.8 million shares for $700 million and declared a quarterly cash dividend of 70 cents per share. DFS shares were down 11.5% in after-hours trading.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 9:01 pm

OSBC

Old Second Bancorp (NASDAQ:OSBC) reported Q2 adjusted earnings of $0.56 per share, beating the analyst consensus estimate of $0.53 by 5.66%. However, the company's quarterly sales of $71.80 million missed the analyst consensus estimate of $74.31 million by 3.37%. The earnings represent an 80.65% increase from the same period last year, while the sales represent a 31.81% increase.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:00 pm

KARO

Karooooo reported a 24% year-over-year increase in its Q1 total revenue to approximately $53.95 million. The company's earnings per share (EPS) for the quarter was around $0.2754.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 8:57 pm

AAL

American Airlines shares are trading higher in sympathy with United, which reported better-than-expected Q2 results and issued strong FY23 guidance.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:52 pm

LVS

Las Vegas Sands' shares are trading lower after the company reported its Q2 earnings.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:49 pm

UAL

United Airlines reported better-than-expected Q2 results and issued strong FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:48 pm

LVS

Las Vegas Sands (NYSE:LVS) reported Q2 revenue of $2.54 billion, up over 100% YoY and beating the Street estimate of $2.39 billion. EPS was 46 cents, beating the estimate of 43 cents. The company cited a recovery in travel and tourism spending in Macau and Singapore for the strong results. The company also announced the resumption of its return of capital program, including a 20-cent quarterly dividend. However, LVS shares are down 3% in after-hours trading.

Portfolio Pulse from Chris Katje

July 19, 2023 | 8:48 pm

FNB

F N B (NYSE:FNB) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.38 by 2.63%. This is a 25.81% increase from the same period last year. The company also reported quarterly sales of $409.55 million, beating the analyst consensus estimate of $406.14 million by 0.84%. This is a 21.95% increase from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 19, 2023 | 8:46 pm

IBM

IBM reported Q2 earnings of $2.18 per share, beating the $2.01 estimate, but missed revenue estimates with $15.47 billion against the $15.57 billion consensus. The company's net cash from operating activities is up $1.8 billion to $6.4 billion, and free cash flow is up $100 million to $3.4 billion. IBM expects full-year 2023 free cash flow at $10.5 billion. The company ended Q2 with $16.3 billion in cash and marketable securities, up $7.5 billion from year-end 2022. IBM's shares traded 0.89% higher to $135.48 at market close, but fell 0.87% in after-hours trading.

Portfolio Pulse from AJ Fabino

July 19, 2023 | 8:45 pm