Streetbeat News

Earnings

IGT

International Game Technology (IGT) has projected its Q3 revenue to be $1.0B, slightly below the estimated $1.04B. However, the company has raised its FY23 revenue forecast to $4.2B-$4.3B, up from the previous range of $4.1B-$4.3B, against an estimate of $4.23B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:49 am

IGT

Intl Game Tech (NYSE:IGT) reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.34 by 32.35%. However, this is a 21.05% decrease from the same period last year. The company also reported quarterly sales of $1.05 billion, beating the estimate of $1.03 billion by 2.63%, and marking a 3.33% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:48 am

MPC

Marathon Petroleum reported Q2 earnings of $5.32 per share, beating the analyst consensus estimate of $4.55 by 16.92%. However, this is a 49.86% decrease from the same period last year. The company also reported quarterly sales of $36.82 billion, beating the estimate of $31.02 billion by 18.70%, but this is a 32.11% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:48 am

JBLU

JetBlue Airways has revised its 3Q23 and FY23 outlook, with adjusted EPS for 3Q23 expected to be between $(0.20) and $0.00, compared to the previous estimate of $0.40. For FY23, the adjusted EPS is projected to be between $0.05 and $0.40, down from the prior estimate of $0.70 - $1.00. The company's CFO, Ursula Hurley, expressed confidence in managing near-term challenges and focusing on cost efficiencies.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:47 am

CRNT

Ceragon Networks Ltd has increased its FY23 revenue guidance to $334M-$348M, up from the previous $325M-$345M. The company also expects non-GAAP profitability for the year. Ceragon has set a revenue target of $500M for FY27 and aims to increase gross margins to 34-36%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:45 am

ESAB

ESAB has raised its full year 2023 outlook, expecting total core sales growth of 6.0% to 7.5%, up from the previous guidance of 4.0% to 6.0%. The company also anticipates core adjusted EBITDA of $450 to $465 million and core adjusted EPS of $4.10 to $4.30, higher than the previous estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:43 am

IDXX

IDEXX Laboratories has increased its 2023 EPS guidance from $9.33-$9.75 to $9.64-$9.90, with a consensus of $9.69.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:43 am

ETRN

Equitrans Midstream has raised its FY23 net income outlook to $420M - $470M, up from the previous estimate of $330M - $410M. The company also expects Q3 net income to be between $115M - $135M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:43 am

IDXX

IDEXX Laboratories has increased its 2023 revenue guidance from $3.615B-$3.70B to $3.66B-$3.715B, which is in line with the consensus estimate of $3.67B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:42 am

CRNT

Ceragon Networks reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.01 by 400%. This is a 266.67% increase over losses from the same period last year. The company also reported quarterly sales of $86.15 million, beating the analyst consensus estimate of $78.44 million by 9.83%. This is a 21.90% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:41 am