Streetbeat News

Earnings

MMP

OKE

Magellan Midstream Partners LP (MMP) reported Q2 2023 revenues of $877.2 million, beating the consensus of $797.9 million. The company also raised its FY23 net income per unit guidance from $4.95 to $5.05. In Q2, Magellan inked a merger agreement with ONEOK Inc (OKE) in a cash-and-stock transaction valued at approximately $18.8 billion.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 1:39 pm

MGM

MGM Resorts International reported Q2 financial results, which led to a decrease in its stock price. Barclays maintained an Overweight rating on the stock but lowered its price target from $64 to $62.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:39 pm

CFLT

Confluent's shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:38 pm

VAC

Marriott Vacations reported disappointing Q2 results and lowered its FY23 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:38 pm

TKR

Timken reported a Q2 miss and lowered its FY23 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:38 pm

RELY

Remitly Global's shares are trading higher after the company reported better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:37 pm

DASH

DoorDash Inc (NYSE:DASH) shares rose after the company reported strong Q2 results, with analysts from Needham, Oppenheimer, Truist Securities, and RBA Capital Partners maintaining bullish ratings. The analysts highlighted DoorDash's high operating level, record frequency levels, margin expansion, and strong order growth as key factors. Price targets were raised by all four analysts.

Portfolio Pulse from Priya Nigam

August 04, 2023 | 1:37 pm

AFG

American Financial Group reported disappointing Q2 financial results and issued FY23 EPS guidance below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:37 pm

H

Hyatt Hotels reported worse-than-expected Q2 earnings per share (EPS) results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:37 pm

SDGR

Schrodinger's shares have dropped due to a Q2 earnings per share (EPS) miss.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:36 pm