Streetbeat News

Earnings

SDVKY

Sandvik (OTC:SDVKY) is set to release its quarterly earnings report on Wednesday, 2023-07-19. Analysts estimate an earnings per share (EPS) of $0.28. The company's past performance shows mixed results with some quarters beating estimates and others missing. The stock price has seen varied changes post-earnings announcements. Currently, Sandvik shares are trading at $20.05, up 21.1% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:01 pm

ASML

ASML Holding (NASDAQ:ASML) is set to release its quarterly earnings report on Wednesday, 2023-07-19. Analysts estimate an earnings per share (EPS) of $5.17. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The stock is currently trading at $754.49, up 44.83% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:01 pm

Goldman Sachs Gr (NYSE:GS) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $3.18. The company's past performance shows a trend of beating EPS estimates, which often leads to an increase in share price. The stock is currently trading at $327.2, with a 52-week increase of 3.38%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:00 pm

BAC

BPTS

CVM

LINK

LIXT

MICS

NMTR

US stocks traded mixed with the Dow Jones gaining around 70 points. Bank of America Corp (BAC) reported better-than-expected Q2 results with a 19% YoY net income growth to $7.4 billion. The Singing Machine Company (MICS), Biophytis S.A. (BPTS), and Interlink Electronics (LINK) saw their shares rise significantly. Meanwhile, 9 Meters Biopharma (NMTR), Lixte Biotechnology Holdings (LIXT), and CEL-SCI Corporation (CVM) saw their shares drop.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 1:51 pm

AZN

BAC

BRK-A

CMCSA

LMT

NVS

TSM

NBCUniversal's Peacock streaming service is raising its subscription prices for the first time since its debut in 2020. Novartis AG has reported Q2 FY23 sales of $13.62 billion, up 7% Y/Y, and is initiating a $15 billion share buyback program. Lockheed Martin Corp reported Q2 FY23 net sales growth of 8.1% Y/Y to $16.69 billion. Morgan Stanley reported Q2 earnings per share of $1.24, beating the consensus of $1.15. Toyota Motor Corporation will provide hydrogen-powered vehicles to test a high-speed hydrogen refueling station in Abu Dhabi. Bank Of New York Mellon Corporation reported a Q2 total revenue increase of 5% Y/Y to $4.45 billion. Bank of America Corp reported Q2 FY23 net income growth of 19% Y/Y to $7.4 billion. AstraZeneca Plc and Sanofi SA's Beyfortus (nirsevimab) for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants has been approved by the FDA. Warren Buffett's Berkshire Hathaway Inc sold 70% of its exposure to Activision Blizzard Inc in the second quarter. Taiwan Semiconductor Manufacturing Company Ltd shares are trading lower Tuesday amid reports that the company will likely report a 27% decline in Q2 net profit. Verizon Communications Inc is launching an investigation to clarify the extent of potential lead contamination probably linked to its aging phone cables.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 1:46 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has increased its market share in global smartphone shipments to 17% in Q2 2023, up from 16% a year ago, despite a global slowdown in smartphone shipments. Apple's shipments fell by only 2%, compared to an 8% decline in global smartphone shipments. Apple's resilience is attributed to the premium nature of iPhones, which are relatively immune to the slowdown. Apple's gains were particularly notable in markets like India, where its shipments registered a 50% year-on-year growth.

Portfolio Pulse from Rounak Jain

July 18, 2023 | 1:29 pm

SCHW

Charles Schwab Corp reported a Q2 net revenues decline of 9% Y/Y to $4.66 billion, beating the consensus of $4.61 billion. Asset management and administration fees increased 12% Y/Y to $1.17 billion, while trading revenue declined 9% Y/Y to $803 million. Adjusted net income fell 25% Y/Y to $1.49 billion in Q2. Adjusted EPS stood at $0.75, down 23% Y/Y, exceeding the consensus of $0.71. SCHW shares are trading higher by 8.4% at $63.56 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 1:28 pm

AT&T Inc. (NYSE:T) shares traded lower after a downgrade from Citigroup, citing potential risks related to lead-sheathed cables. Despite this, AT&T attracted significant bullish bets from options traders, with calls outpacing puts by 2.5 to 1. The company is set to report its Q2 financial results on July 26, with analysts expecting earnings of 60 cents per share on quarterly revenue of $30 billion.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 1:19 pm

Morgan Stanley reported Q2 earnings per share of $1.24, beating the consensus of $1.15. Revenues reached $13.46 billion, up 2% Y/Y, but down 7% sequentially. The bank's profit declined 13% to $2.18 billion due to a slowdown in deal-making and trading. Despite this, wealth management revenue rose 16% to $6.66 billion on higher interest income. The institutional securities business posted an 8% decline in revenue to $5.65 billion.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 1:16 pm

LMT

Lockheed Martin Corp (NYSE:LMT) reported Q2 FY23 net sales growth of 8.1% YoY to $16.69 billion, beating the consensus of $15.91 billion. Adjusted EPS of $6.73 also topped the consensus of $6.45. The company raised its FY23 outlook, expecting net sales of $66.25 billion - $66.75 billion and EPS of $27.00 - $27.20. LMT shares are trading higher by 1.06% at $474.94 premarket on Tuesday.

Portfolio Pulse from Akanksha Bakshi

July 18, 2023 | 1:07 pm