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Earnings

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Several US stocks traded higher on Friday, with the Nasdaq Composite gaining around 200 points. Notable gainers include Reata Pharmaceuticals, which rose 53.3% after Biogen agreed to acquire the company, Roku, which gained 20.8% after reporting better-than-expected Q2 results and strong Q3 guidance, and The Boston Beer Company, which surged 18.1% after reporting better-than-expected quarterly results. Other companies that saw significant gains include Business First Bancshares, Huron Consulting Group, TAL Education Group, Costamare, Coursera, Beazer Homes USA, Celestica, SIGA Technologies, Silicon Motion Technology Corporation, UP Fintech Holding Limited, SkyWest, GDS Holdings Limited, Dada Nexus Limited, Cardlytics, AVITA Medical, T. Rowe Price Group, Opendoor Technologies, Meritage Homes Corporation, Skechers U.S.A., Chart Industries, DISH Network Corporation, Upstart Holdings, DexCom, and Intel Corporation.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:47 pm

TRP

TC Energy (NYSE:TRP) reported Q2 earnings of $0.71 per share, missing the analyst consensus estimate of $0.73 by 2.74%. This is a decrease of 8.97% from the same period last year. However, the company's quarterly sales of $2.85 billion beat the estimate of $2.77 billion by 2.92%, marking a slight increase of 0.04% from last year.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:41 pm

Ford Motor Co's shares fell by 3.97% following its Q2 earnings report. The company reported a 12% YoY increase in revenue to $45.0 billion, surpassing the consensus estimate of $40.38 billion. Earnings per share were 72 cents, also beating the consensus estimate of 55 cents. Ford's Model E business reported a 44% YoY increase in units for Q2, with a projected run-rate of 600,000 units in 2024.

Portfolio Pulse from Henry Khederian

July 28, 2023 | 2:33 pm

CINF

Cincinnati Financial's shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 2:25 pm

AAL

AAPL

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CVX

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DIS

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DoorDash is testing an AI-based chatbot to speed up food ordering. Disney plans to limit premium users of its Disney+ Hotstar streaming service in India to logging in from just four devices. Apple's iPhone shipments fell by 6% in Q2, while Google's Android shipments fell by 38%. American Airlines pilots union reached an agreement with the management on proposed enhancements to the Tentative Agreement. Unilever named Ian Meakins as the new Chairman. Toyota Motor disclosed improved sales and production in June and H1 2023. Research finds limited impact of social media algorithms on political beliefs. Vietnamese automaker VinFast proposes to begin construction on its electric vehicle factory in North Carolina. Toyota divests $1.8B stake in KDDI to focus on EVs. Exxon Mobil and Chevron posted mixed Q2 results. AstraZeneca beat Q2 earnings consensus despite zero COVID-19 vaccine sales. Sanofi reported lower Q2 earnings but lifted 2023 outlook. Colgate-Palmolive and Procter & Gamble reported better than expected Q2 earnings.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 2:24 pm

HTHT

H World Group has reported its preliminary Q2 operating results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 2:20 pm

Procter & Gamble's shares are trading higher following the company's better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 2:17 pm

Colgate-Palmolive reported its Q2 financial results and updated its FY23 guidance, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 2:11 pm

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U.S. stocks traded higher with the Nasdaq Composite gaining over 200 points. Procter & Gamble reported better-than-expected Q4 results with sales growth of 5% YoY to $20.55 billion, beating the analyst consensus. Shares of Unique Fabricating, Reata Pharmaceuticals, and Bluejay Diagnostics rose significantly, while Tonix Pharmaceuticals, Sleep Number Corporation, and Mallinckrodt saw a drop in their share prices.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:10 pm

Ford's shares are trading lower after the company released its Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 2:09 pm