Streetbeat News

Earnings

AER

AerCap Holdings N.V. (NYSE:AER) is expected to report higher Q2 earnings at $2.06 per share, up from $1.91 per share a year ago. The company's revenue is projected to be $1.82 billion. AerCap's shares rose 3.1% to close at $65.85 on Friday. Several analysts have recently adjusted their price targets for the company, with the most recent changes being an increase from $74 to $77 by JP Morgan, and a decrease from $74 to $68 by Stephens & Co.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 8:49 am

HMST

NAAS

ON

THC

WDC

ON Semiconductor, HomeStreet, Tenet Healthcare, NaaS Technology, and Western Digital are stocks to watch heading into Monday. ON Semiconductor is expected to post quarterly earnings of $1.21 per share on revenue of $2.02 billion. HomeStreet reported weaker-than-expected Q2 results. Tenet Healthcare is expected to have earned $1.26 per share on revenue of $4.90 billion. NaaS Technology filed for a mixed shelf of up to $200 million. Western Digital is expected to report a quarterly loss at $2.00 per share on revenue of $2.52 billion.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 8:27 am

PCRFY

Panasonic Holdings (OTC:PCRFY) reported Q1 earnings of $0.15 per share, missing the analyst consensus estimate of $0.21 by 27.14%. This is a 4.38% decrease from the same period last year. The company also reported quarterly sales of $14.81 billion, missing the analyst consensus estimate of $15.07 billion by 1.73%. This is a 2.82% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:50 am

MIELF

MIELY

Mitsubishi Electric has reaffirmed its fiscal 2024 outlook, projecting a revenue of 5.20 trillion yen and a net profit of 260 billion yen. This represents a 4% increase in revenue and a 22% increase in net profit year-on-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:29 am

MIELY

Mitsubishi Electric (OTC:MIELY) reported Q1 earnings of $0.40 per share, a 66.25% increase YoY. The company also reported $8.89 billion in sales, a 7.84% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:15 am

ON

PG

THC

WDC

The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone on Friday, indicating high investor confidence. The Dow Jones closed higher for the third week in a row, while the PCE price index rose 0.2% MoM in June. The Federal Reserve increased interest rates last week. Procter & Gamble reported better-than-expected earnings and revenue for its most recent quarter. Investors are awaiting earnings results from ON Semiconductor, Tenet Healthcare, and Western Digital.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 5:45 am

MSEX

Middlesex Water (NASDAQ:MSEX) reported Q2 earnings of $0.55 per share, missing the analyst consensus estimate of $0.60 by 8.33%. The company also reported quarterly sales of $42.80 million, missing the analyst consensus estimate of $45.00 million by 4.89%. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Happy Mohamed

July 30, 2023 | 7:02 pm

TBNK

Territorial Bancorp (NASDAQ:TBNK) reported Q2 earnings of $0.17 per share, missing the analyst consensus estimate of $0.20 by 15%. This is a 63.04% decrease from the same period last year. The company also reported quarterly sales of $11.78 million, missing the analyst consensus estimate of $11.97 million by 1.57%. This is a 20.77% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

July 30, 2023 | 7:01 pm

MRNA

COVID-19 cases are expected to surge again in the U.S., according to data from the Centers for Disease Control And Prevention. This could potentially impact the bottom lines of biopharma companies like Moderna, Inc. (NASDAQ:MRNA), which is expected to report a loss of $4.03 per share in its second-quarter report. However, with experts predicting that COVID-19 will be a recurring theme, these companies may continue to see some revenue from the ongoing pandemic.

Portfolio Pulse from Shanthi Rexaline

July 29, 2023 | 8:33 pm

DIS

MSFT

WBD

The latest edition of Benzinga Buzz discusses the success of the 'Barbie' movie released by Warner Bros. Discovery (WBD), which is expected to earn over $600 million in box office proceeds. The article also mentions the ongoing WGA and SAG-AFTRA strikes, with actor Bryan Cranston criticizing Walt Disney (DIS) CEO Bob Iger. Scott Galloway suggests that the strikers should target tech companies like Microsoft (MSFT) instead of studios. Microsoft's recent valuation spike due to AI advancements is also highlighted.

Portfolio Pulse from Anthony Noto

July 29, 2023 | 3:43 pm