Streetbeat News

Earnings

PEP

PepsiCo reported Q2 earnings and revenue beat, leading to a rise in its shares. The company also raised its FY23 outlook.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:34 am

DAL

Delta Air Lines has projected its Q3 earnings per share (EPS) to be between $2.20 and $2.50, which is higher than the estimated $2.05.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:33 am

DAL

Delta Air Lines has increased its full-year earnings per share (EPS) guidance to a range of $6-$7, up from the previous estimate of $6.15.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:32 am

DAL

Delta Air Lines reported Q2 earnings per share (EPS) of $2.68, beating the estimate of $2.39. The company's adjusted operating revenue of $14.61 billion also surpassed the estimate of $14.46 billion.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:31 am

CYRX

CryoPort announced lower than expected interim Q2 earnings and FY23 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:31 am

WIT

Wipro (NYSE:WIT) reported Q1 earnings of $0.06 per share, missing the analyst consensus estimate of $0.07 by 20 percent. This is a 6.67 percent decrease from the same period last year. The company also reported quarterly sales of $2.78 billion, missing the analyst consensus estimate by 0.02 percent, but marking a 2.04 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:16 am

PEP

PepsiCo has raised its FY23 outlook, expecting 10% organic revenue growth (up from 8%) and 12% core constant currency EPS growth (up from 9%). The company also anticipates a core annual effective tax rate of 20% and total cash returns to shareholders of approximately $7.7 billion. The guidance implies a 2023 core EPS of $7.47, a 10% increase compared to 2022 core EPS of $6.79.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:05 am

PEP

PepsiCo's Q2 earnings per share (EPS) and sales have surpassed analyst estimates. The EPS was $2.09, beating the estimate of $1.96 by 6.63%, and sales were $22.32 billion, beating the estimate of $21.73 billion by 2.72%. These figures represent a 12.37% increase in EPS and a 10.36% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:01 am

AMZN

C

JPM

MSFT

VMW

WFC

US stocks settled higher on Wednesday, with the Nasdaq surging over 1% due to easing inflation rates. Big banks such as JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Company are set to release earnings on Friday. Vmware, Inc shares gained 2.8% after Broadcom Inc won approval to acquire it. The Nasdaq 100 rose 1.24% amid gains in shares of Amazon.com, Inc. and Microsoft Corp. The CBOE Volatility Index fell 8.8%.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 10:00 am

CYRX

Cryoport has reduced its FY23 sales guidance to $233M-$243M, down from the previous range of $270M-$290M. This is below the consensus estimate of $274.85M.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:44 am