Streetbeat News

Earnings

UNTY

Unity Bancorp (NASDAQ:UNTY) reported Q2 earnings of $0.95 per share, beating the analyst consensus estimate of $0.87 by 9.2%. This represents a 7.95% increase over earnings from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:05 am

UNH

UnitedHealth Group (NYSE:UNH) reported Q2 earnings of $6.14 per share, beating the analyst consensus estimate of $6.01 by 2.16 percent. This is a 10.23 percent increase from the same period last year. The company also reported quarterly sales of $92.90 billion, beating the analyst consensus estimate of $91.00 billion by 2.09 percent, a 15.65 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 9:57 am

KBH

KB Home (NYSE:KBH) has announced a 33% increase in its quarterly cash dividend to $0.20 per share, resulting in an annualized dividend rate of $0.80 per share. The next dividend is payable on August 17, 2023. The company's Q2 FY23 sales grew by 3% to $1.77 billion, surpassing the analyst consensus of $1.42 billion.

Portfolio Pulse from Shivani Kumaresan

July 14, 2023 | 9:54 am

C

JPM

WFC

On Thursday, July 13, Wall Street ended the session higher, with U.S. chip stocks leading the gainers. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all closed higher. JP Morgan Chase, Wells Fargo, and Citigroup are set to release their Q3 results today. Asian markets showed mixed results, with Japan's Nikkei 225 closing lower and Australia's S&P/ASX 200 closing higher. The Pan-European STOXX 600 index was up, while commodities showed mixed results. U.S. futures were also mixed, and the U.S. Dollar Index was flat.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 9:48 am

ERIC

Ericsson (NASDAQ:ERIC) reported Q2 FY23 results with sales growth of 3% YoY to $6.125 billion, in line with consensus. However, group organic sales declined by 9% YoY, with Networks' organic sales decreasing by 13%. The company reported an EPS loss of SEK (0.21) versus SEK 1.35 last year. Adjusted EPS of $0.07 beat the consensus of $0.04. The company expects Q3 EBITA margin to align with or be slightly higher than Q2. ERIC shares traded lower by 8.89% premarket.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 9:38 am

ERIC

Ericsson's Q2 earnings missed consensus and the company has disclosed a cautious Q3 outlook, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 9:11 am

JKS

JinkoSolar's subsidiary, Jiangxi Jinko, has reported a preliminary net income attributable growth of 304.38%-348.58% year over year for the first half of 2023. The estimated net income attributable to shareholders is expected to be in the range of RMB3.66 billion to RMB4.06 billion.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 9:10 am

AEHR

C

JPM

LESL

WFC

JPMorgan Chase & Co., Aehr Test Systems, Citigroup Inc., Leslie's Inc, and Wells Fargo & Company are the stocks to watch heading into Friday. JPMorgan and Citigroup are expected to post their quarterly earnings before the opening bell. Aehr Test Systems reported better-than-expected results for its fourth quarter. Leslie's Inc released preliminary results for its fiscal third quarter and announced a CFO transition. Wells Fargo is expected to report its quarterly earnings before the opening bell.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 8:41 am

NOK

Nokia has reduced its net sales guidance and narrowed its operating margin outlook for 2023, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 8:34 am

ERIC

Ericsson expects Q3 market trends to be similar to Q2, with an early impact from cost-out execution. The company anticipates Q3 EBITA margin to be in line with or slightly higher than Q2, followed by a stronger Q4.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:06 am