Streetbeat News

Earnings

F

RIVN

TSLA

Tesla Inc (NASDAQ:TSLA) is set to report Q2 financial results with analysts expecting revenue of $24.53 billion and 81 cents in earnings per share. The company has beaten or matched earnings per share estimates in each of the last nine straight quarters. The Cybertruck, Tesla's electric pickup truck, could be a major focus during the earnings report. Rival companies Ford Motor Co (NYSE:F) and Rivian Automotive Inc (NASDAQ:RIVN) have cut prices on their electric pickup trucks ahead of Tesla's earnings. Analysts have shared updated notes on the stock with varying price targets.

Portfolio Pulse from Chris Katje

July 18, 2023 | 8:12 pm

GTLB

GitLab Inc. has confirmed its Q2 and FY24 guidance, with Q2 EPS expected to be between $(0.03) and $(0.02), and revenue between $129M and $130M. For FY24, the company expects EPS to be between $(0.18) and $(0.14), and revenue between $541M and $543M. These are forward-looking statements and actual results may differ.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:10 pm

JBHT

JB Hunt Transport Servs (NASDAQ:JBHT) reported Q2 earnings of $1.81 per share, missing the analyst consensus estimate of $1.92 by 5.73 percent. This is a 25.21 percent decrease from the same period last year. The company also reported quarterly sales of $3.13 billion, missing the analyst consensus estimate of $3.31 billion by 5.44 percent, a decrease of 18.45 percent from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:06 pm

AIR

AAR (NYSE:AIR) reported Q4 adjusted earnings of $0.83 per share, beating the analyst consensus estimate of $0.77 by 7.79%. This is a 15.28% increase over earnings of $0.72 per share from the same period last year. The company also reported quarterly sales of $553.30 million, beating the analyst consensus estimate of $529.17 million by 4.56%. This is a 16.22% increase over sales of $476.10 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:06 pm

HROW

Harrow (NASDAQ:HROW), a U.S. eyecare pharmaceutical company, has provided preliminary Q2 2023 financial guidance. The company expects revenues to exceed $31 million, compared to $23.3 million in Q2 2022. Adjusted EBITDA is also expected to exceed $9.3 million. Full financial results will be released on August 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:06 pm

OMC

Omnicom Group's Q2 earnings per share (EPS) of $1.82 beat the analyst consensus estimate of $1.80 by 1.11%, an 8.33% increase from the same period last year. However, its quarterly sales of $3.61 billion missed the analyst consensus estimate of $3.67 billion by 1.64%, though it's a 1.20% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:03 pm

IBKR

Interactive Brokers (NASDAQ:IBKR) reported Q2 adjusted earnings of $1.32 per share, missing the analyst consensus estimate of $1.42 by 7.04%. The company also reported quarterly sales of $1.00 billion, missing the analyst consensus estimate of $1.05 billion by 4.76%. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:02 pm

HWC

Hancock Whitney reported Q2 earnings of $1.35 per share, beating the analyst consensus estimate of $1.34 by 0.75 percent. However, this represents a 2.17 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:01 pm

CMA

Comerica Incorporated (CMA) shares are trading higher by 3.5% amid positive earnings results from several banks. The company's second-quarter earnings report is expected on Friday, with an anticipated EPS of $1.86 on revenue of $902.75 million. Bank of America, a peer bank, reported a 19% YoY net income growth for Q2 FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 7:57 pm

GRPN

Groupon (GRPN) has seen a significant option alert for August 18 $7 calls. A total of 1857 contracts were traded at $1.15, compared to an open interest of 3994 contracts. The company is expected to announce its earnings on August 7 after the market closes. The reference price is $6.76.

Portfolio Pulse from Charles Gross

July 18, 2023 | 7:56 pm