Streetbeat News

Earnings

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Major U.S. banks including JPMorgan Chase & Co., Wells Fargo & Co, BlackRock Inc., Citigroup Inc, and State Street Corp. are set to release their Q2 earnings results on July 14. The Street consensus projects significant increases in EPS for most of these banks, with the exception of Citigroup. Three financial ETFs to watch during this period are Financial Select Sector SPDR Fund, Direxion Financial Bull 3x Shares, and SPDR S&P Bank ETF.

Portfolio Pulse from Piero Cingari

July 13, 2023 | 9:24 pm

JCTCF

Jewett-Cameron Trading (NASDAQ:JCTCF) reported a 51.16% decrease in quarterly earnings, from $0.43 per share last year to $0.21 per share this year. Sales also decreased by 9.45% from $20.92 million to $18.95 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:44 pm

TIXT

TELUS International has released its preliminary Q2 2023 financial results, showing lower than expected business volumes, particularly in the technology vertical. The company reported a net loss in the range of $7 to $10 million, a year-over-year decline of 113% to 118%. Adjusted EBITDA declined by 20% to 22%, impacted by higher costs in Europe and temporary demand imbalances. The company also revised its full-year 2023 outlook, now expecting revenue in the range of $2.7 to $2.73 billion and adjusted EPS in the range of $0.90 to $0.97.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:38 pm

TIXT

Telus International has provided a preliminary view of its Q2 results, expecting an adjusted EPS of $0.15-$0.17 and revenue of $660M-$668M. The company has also revised its FY23 outlook.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:36 pm

LESL

Leslie's Inc (NASDAQ:LESL) shares dropped nearly 20% in after-hours trading following the release of preliminary Q3 results and the announcement of a CFO transition. The company's Q3 revenue is expected to be $611 million, significantly lower than the estimated $703.74 million. Adjusted earnings are anticipated to be between 39 cents and 41 cents per share, compared to estimates of 69 cents per share. The company also lowered its full-year 2023 revenue outlook. CFO Steve Weddell is stepping down and will be replaced by Scott Bowman.

Portfolio Pulse from Adam Eckert

July 13, 2023 | 8:31 pm

HIHO

Highway Holdings (NASDAQ:HIHO) reported a Q4 loss of $(0.28) per share, a 211.11% decrease YoY. Sales also decreased by 43.65% to $1.70 million compared to $3.01 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:20 pm

LESL

Leslie's has released its preliminary Q3 2023 adjusted EPS forecast of $0.39-$0.41, which is lower than the estimated $0.69. The company also expects sales to be $611M, lower than the estimated $703.74M.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:11 pm

AEHR

Aehr Test Systems has projected its FY24 revenue to be at least $100 million, indicating a YoY growth of over 50%. The company also expects its GAAP net income to be at least $28 million, representing a YoY growth of more than 90%.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:08 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) reported Q4 earnings of $0.23 per share, beating the analyst consensus estimate of $0.21 by 9.52%. The company also reported quarterly sales of $22.27 million, surpassing the analyst consensus estimate of $22.01 million by 1.18%. This represents a 9.76% increase over sales of $20.29 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:06 pm

FEIM

Frequency Electronics (NASDAQ:FEIM) reported Q4 earnings of $0.03 per share, a 104.05% increase YoY. The company also reported $13.00 million in sales, a 27.98% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:03 pm