Streetbeat News

Earnings

SANM

Sanmina (NASDAQ:SANM) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $1.53. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to a rise in share price. Shares of Sanmina were trading at $59.88 as of July 27, with a 30.93% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:02 pm

CGAU

Centerra Gold (NYSE:CGAU) is set to release its quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a pattern of EPS misses followed by share price increases. The stock is currently trading at $5.97, down 0.81% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:02 pm

CAMT

Camtek (NASDAQ:CAMT) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $0.42. The company's past performance shows a trend of beating EPS estimates but experiencing a slight drop in share price the following day. Shares of Camtek were trading at $46.0 as of July 27, with a 52-week increase of 61.6%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:01 pm

KIDS

OrthoPediatrics (NASDAQ:KIDS) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $-0.22. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $41.3, down 11.4% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:01 pm

INTC

NVDA

TSM

Intel Corporation (NASDAQ:INTC) returned to profitability in Q2 2021, posting a net income of $1.5 billion, after its largest ever loss in Q1. Despite a 15% YoY contraction in revenue to $12.9 billion, the results exceeded Refinitiv’s consensus estimate of $12.13 billion. Intel also issued a better-than-expected Q3 guidance. However, the company's turnaround is expected to take time as it tries to catch up to Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) chip-manufacturing capacity by 2026. Intel's CEO acknowledged persistent weakness across all business segments, expected to continue until year-end.

Portfolio Pulse from Upwallstreet

July 28, 2023 | 5:53 pm

AZN

AZNCF

AstraZeneca has released its Q2 earnings and announced the discontinuation of several pipeline programs, including a Phase 2 study for hematological malignancies and a Phase 1 asset in cardiovascular disease. The company cited 'strategic portfolio prioritization' as the reason for these decisions. Despite this, AstraZeneca's CEO expressed optimism about interim data from a key lung cancer drug trial. The company's shares are up 4.36%.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 5:51 pm

ABR

Arbor Realty Trust's shares are trading higher following the release of their Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:47 pm

SDC

Shares of SmileDirectClub (SDC) are trading higher following the better-than-expected Q2 earnings report from Align Technology. The positive performance of Align Technology, a company in the same sector, has boosted investor confidence in SDC.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:37 pm

CRI

Carter's Inc (NYSE:CRI) reported a Q2 FY23 sales decline of 14.3% YoY to $600.20 million, missing the analyst consensus of $603.51 million. The decline was attributed to macroeconomic factors such as inflation, higher interest rates, and consumer debt levels. The company's adjusted EPS of $0.64 beat the analyst consensus of $0.53. Carter's revised its FY23 sales outlook from $3 billion to $2.95 billion-$3 billion and adjusted EPS guidance from $6.15 to $5.95-$6.15.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 5:36 pm

CNHI

CNH Industrial NV reported Q2 FY23 revenue growth of 8% YoY to $6.57 billion, beating the consensus of $6.44 billion. Adjusted EPS of $0.52 also beat the consensus of $0.48. The company reaffirmed the 2023 outlook for its Industrial Activities, expecting net sales to be up between 8% and 11% YoY. Despite the positive report, CNHI shares are trading lower by 5.69% at $14.41.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 5:31 pm