Streetbeat News

Earnings

AME

AMETEK (AME) reported Q2 adjusted earnings of $1.57 per share, beating the analyst consensus estimate of $1.52 by 3.29%. This is a 13.77% increase from the same period last year. The company also reported quarterly sales of $1.65 billion, beating the analyst consensus estimate of $1.64 billion by 0.18%, a 8.65% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:02 am

UBER

Uber's Q2 gross bookings have increased by 16% YoY to reach $36.6B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:01 am

UBER

Uber Technologies reported Q2 sales of $9.20 billion, missing the analyst consensus estimate of $9.32 billion by 1.29 percent. However, this represents a 13.96 percent increase over sales of $8.07 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:01 am

TRN

Trinity Industries (NYSE:TRN) reported Q2 adjusted earnings of $0.23 per share, missing the analyst consensus estimate of $0.33 by 30.3%. However, the company's quarterly sales of $722.00 million beat the analyst consensus estimate of $613.92 million by 17.60%. This represents a 64.29% increase in earnings and a 73.22% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:01 am

GPN

Global Payments (NYSE:GPN) reported Q2 earnings of $2.62 per share, beating the analyst consensus estimate of $2.58 by 1.55%. However, the company's quarterly sales of $2.17 billion missed the analyst consensus estimate of $2.19 billion by 0.64%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:00 am

Toyota Motor Corp (NYSE:TM) reported Q1 FY24 sales revenue of $76.98 billion, up from $65.56 billion a year ago. Vehicle sales volumes rose to 2.3 million units, with Toyota and Lexus vehicle sales up 8.4% Y/Y and EV sales up 29.9% Y/Y. Operating income for the quarter increased to ¥1.12 trillion, beating the consensus of ¥945.22 billion. The company reiterated its FY24 outlook for revenue at ¥38 trillion and operating profit at ¥3.0 trillion.

Portfolio Pulse from Lekha Gupta

August 01, 2023 | 11:00 am

ZBRA

Zebra Technologies Corp's shares are trading lower following the company's Q2 results and FY23 outlook, which were below consensus.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:59 am

ZBH

Zimmer Biomet has raised its FY23 adjusted EPS outlook to $7.47-$7.57 from $7.40-$7.50, above the consensus of $7.45. The company also expects revenue growth of 6.5% - 7%, up from the previous estimate of 5% - 6%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:58 am

PFE

Pfizer has revised its FY23 revenue guidance to $67B-$70B, compared to the consensus of $61.01B and prior guidance of $67B-$71B. The company also adjusted its 2023 non-COVID operational revenue growth expectation to 6%-8%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:57 am

AMD

ANET

CAT

JBLU

MRK

MSTR

NCLH

PFE

QQQ

SBUX

SIRI

SPY

UBER

VRTX

US stocks are expected to reverse course on Tuesday as traders prepare for a barrage of earnings reports and the JOLTS report. Energy stocks helped offset weakness in the consumer staple and healthcare spaces on Monday. Analysts at LPL Financial are positive about the near-term market outlook, with the S&P 500 within 4% of a new all-time high. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.22% and the Invesco QQQ ETF (NASDAQ:QQQ) slipped 0.24%. Several companies including Artista Networks, Inc. (NYSE:ANET), Merck & Co., Inc. (NYSE:MRK), Pfizer, Inc. (NYSE:PFE), Sirius XM Holdings, Inc. (NASDAQ:SIRI), Uber Technologies, Inc. (NYSE:UBER), JetBlue Airways Corp. (NASDAQ:JBLU), Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), Caterpillar, Inc. (NYSE:CAT), Advanced Micro Devices, Inc. (NASDAQ:AMD), Starbucks Corp. (NASDAQ:SBUX), Vertex Pharma, Inc. (NASDAQ:VRTX), Electronics Arts, Inc. (NASDAQ:EA), and MicroStrategy, Inc. (NASDAQ:MSTR) are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 10:52 am