Streetbeat News

Earnings

DLR

TPG

Digital Realty Trust Inc (DLR) reported better-than-expected Q2 2023 revenue of $1.37 billion, a 20% Y/Y growth. However, the company lowered its guidance for core FFO per share. DLR also announced a joint venture deal with TPG Inc's TPG Real Estate to sell its 80% stake in three data center buildings for about $1.3 billion. Following the results, BNP Paribas upgraded DLR's stock to Outperform from Neutral.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 5:11 pm

AVTR

RETA

TNXP

UFAB

The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Unique Fabricating, Reata Pharmaceuticals, and Bluejay Diagnostics, while the losers included Tonix Pharmaceuticals, Sleep Number Corporation, and Femasys Inc. Avantor shares fell by 9.9% due to worse-than-expected Q2 financial results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 5:07 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher after the company shared a picture of its Sapphire model on the production line. The vehicle will be available in the U.S. for $249,000. Shares of LCID are up more than 8% on above-average trading volume and have gained nearly 35% over the last month. The company will release its second quarter financial reports on Aug. 7.

Portfolio Pulse from Erica Kollmann

July 28, 2023 | 5:05 pm

CMLS

Cumulus Media reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:04 pm

AMAT

Shares of Applied Materials, Inc. (NASDAQ:AMAT) are trading higher by 4.63% after Intel Corporation and KLA Corp reported strong quarterly results. Intel's Q2 revenue of $12.9 billion exceeded the analyst consensus estimate of $10.97 billion, and its earnings per share of 13 cents outperformed the Street consensus estimate of a loss of 3 cents per share.

Portfolio Pulse from Henry Khederian

July 28, 2023 | 5:04 pm

TTI

Tetra Technologies (NYSE:TTI) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $0.09. The company's past performance shows a trend of share price drops following earnings misses. The stock was trading at $4.17 as of July 27, with a 52-week return of 3.02%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:03 pm

AAN

Aarons (NYSE:AAN) is set to release its latest quarterly earnings report on Monday, 2023-07-31. Analysts estimate an earnings per share (EPS) of $0.19. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. Aarons' shares were trading at $15.38 as of July 27, with a 52-week increase of 18.42%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:03 pm

NBTB

NBT Bancorp (NASDAQ:NBTB) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $0.76. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $37.52, down 7.31% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:03 pm

NTB

Bank of N.T Butterfield (NYSE:NTB) is set to release its quarterly earnings report on July 31, 2023. Analysts estimate an EPS of $1.16. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding price changes. The stock is currently trading at $32.01, down 2.98% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:03 pm

HTLF

Heartland Financial USA (NASDAQ:HTLF) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an EPS of $1.13. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.12, resulting in a 12.55% drop in share price. The company's shares are currently trading at $33.86, down 23.36% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:03 pm