Streetbeat News

Earnings

SJW

SJW Group (NYSE:SJW) reported Q2 earnings of $0.58 per share, a 52.63% increase from the same period last year. However, the company's quarterly sales of $156.89 million missed the analyst consensus estimate of $160.28 million by 2.12%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:06 am

AAPL

Apple Inc. is expected to report its fiscal-year third quarter earnings with an average expectation of $1.08 per share on revenue of $74 billion, a decline from the previous year. Analyst Daniel Ives from Wedbush is confident that Apple will meet these expectations due to an uptick in iPhone demand in China and a higher average selling price for the iPhone 14 Pro. Ives also expects Apple's Services business to grow, contributing to the company's overall valuation.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 10:05 am

L

Loews Corporation (NYSE:L) reported Q2 earnings of $1.58 per share, a 116.44% increase from $0.73 per share YoY. The company also reported sales of $3.93 billion, a 16.12% increase from $3.39 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:01 am

AMZN

INTC

PG

TSLA

The S&P 500 and Dow Jones closed higher on Friday, with the S&P adding 1.01% and the Dow climbing 0.66% for the week. The PCE price index rose 0.2% in June, and the Fed raised its benchmark overnight interest rate by 25 basis points. Intel Corporation and The Procter & Gamble Company saw gains after reporting better-than-expected results and strong guidance. The Nasdaq 100 rose 1.85% amid gains in shares of Amazon.com, Inc. and Tesla Inc. The CBOE Volatility Index fell 7.5%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 9:54 am

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