Streetbeat News

Earnings

TFII

TFI International (NYSE:TFII) is set to release its quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $1.73. The company's past performance shows a pattern of stock price changes following earnings reports. Last quarter, the company missed EPS by $0.17, resulting in an 11.33% drop in share price. The stock is currently trading at $125.46, up 26.57% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:01 pm

F

GM

TSLA

Ford Motor (NYSE:F) reported Q2 earnings that exceeded Wall Street's estimates and raised its full-year guidance. However, the company's slower-than-expected progress in EV transformation has overshadowed these results. Ford's Q2 revenue was $45 billion, a 12% YoY increase, including a 39% rise in the EV business. The company's net income was $1.92 billion, significantly up from last year's $667 million. Despite these positive results, Ford's EV unit lost $1.08 billion. The company also warned of a greater EV loss, expecting to lose $4.5 billion due to slower adoption.

Portfolio Pulse from Upwallstreet

July 28, 2023 | 2:00 pm

TLRY

TUP

ULBI

URGN

VICR

Benzinga's Stock Whisper Index has identified five stocks that are currently under the radar but warrant attention. These include Tupperware Brands Corporation (TUP), which has seen a significant increase in share price due to high short interest and strong investor trading volume; UroGen Pharma (URGN), which reported positive topline data from two Phase 3 trials; Vicor Corp (VICR), which reported Q2 financial results that beat estimates and received an analyst upgrade; Tilray Brands (TLRY), which announced a renewed agreement with Great North Distributors; and Ultralife Corporation (ULBI), which reported Q2 financial results that beat estimates and a record backlog.

Portfolio Pulse from Chris Katje

July 28, 2023 | 1:57 pm

JNPR

Juniper Networks Inc reported Q2 2023 revenue growth of 13% Y/Y to $1.43 billion, beating the consensus of $1.42 billion. Adjusted EPS increased to $0.58 from $0.42 a year ago and beat the consensus of $0.55. However, the company expects to see continued weakness in bookings, mainly in the cloud business, due to customer digestion of previously placed orders and some projects pushed to future dates. This has led to a drop in JNPR shares by 6.26%.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 1:51 pm

INTC

NVDA

SMH

SOXX

TSM

Nvidia Corp (NVDA) and semiconductor ETFs with significant exposure to Nvidia, like VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX), are trading higher following Intel Corp's (INTC) upbeat Q2 results. Intel's AI chip sales pipeline is reported to be $1 billion. Nvidia supplier Taiwan Semiconductor Manufacturing Company Ltd (TSM) has inaugurated a massive R&D facility in Taiwan and committed $40 billion to build a chip factory in Arizona. Nvidia, along with Intel, has sizable exposure to China.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 1:50 pm

TM

Toyota Motor Corp (NYSE:TM) reported a 9% sales growth in June, with global production reaching a record high due to increased production capacity and strong demand. The company also benefited from a recovery in semiconductor shortages and a rebound from the effects of COVID-19. TM shares are trading higher by 1.02% at $167.12 premarket.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 1:35 pm

LFSWF

Lifeist Wellness Inc. reported Q2 FY23 net revenue of CA$6.2 million ($4.7 million), a 51% YoY increase, driven by a CA$1.2 million increase in Aus Vapes hardware revenue, and growth in CannMart cannabis and Mikra nutraceutical revenues. The company also reported a gross profit of CA$1.8 million, a net loss of CA$2.2 million, and an improved adjusted EBITDA loss of CA$2.4 million. Lifeist's CFO, Slava Klems, is transitioning to a fractional CFO position.

Portfolio Pulse from Vuk Zdinjak

July 28, 2023 | 1:35 pm

AXNX

Axonics reported better-than-expected Q2 revenue results, leading to a rise in its share prices. Several firms have also increased their price targets for the company.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 1:28 pm

JNPR

Juniper Networks reported Q2 financial results, which led to a decrease in its share price. Several firms also lowered their price targets for the company.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 1:25 pm

SAM

Boston Beer reported better-than-expected Q2 results, leading to a rise in its share prices. CFRA maintained a Hold rating on the stock and increased the price target from $300 to $350.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 1:25 pm