Streetbeat News

Earnings

CVX

PDCE

Chevron Corp reported Q2 FY23 total revenues of $48.896 billion, beating the consensus of $48.80 billion. However, sales and other operating revenues fell to $47.2 billion from $65.4 billion a year ago, mainly due to lower commodity prices. Adjusted net earnings were $5.78 billion, with Adjusted EPS being $3.08, missing the consensus of $3.28. The company declared a quarterly dividend of $1.51 per share. Chevron also held cash and equivalents of $9.6 billion as of June 30, 2023.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 12:08 pm

CMLS

Cumulus Media reported Q2 earnings per share of $(0.06), beating the analyst consensus estimate of $(0.37) by 83.78%. This is a 114.29% decrease from the same period last year. The company also reported quarterly sales of $210.14 million, beating the analyst consensus estimate of $208.78 million by 0.65%. This is a 11.24% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:04 pm

GNTX

Gentex reported Q2 earnings of $0.47 per share, beating the analyst consensus estimate of $0.41 by 14.63%. The company also reported quarterly sales of $583.47 million, surpassing the analyst consensus estimate of $554.56 million by 5.21%. This represents a 51.61% increase in earnings and a 25.91% increase in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 12:03 pm

FHB

First Hawaiian (NASDAQ:FHB) reported Q2 earnings of $0.49 per share, missing the analyst consensus estimate of $0.50 by 2 percent. The company also reported quarterly sales of $207.20 million, missing the analyst consensus estimate of $211.99 million by 2.26 percent. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:03 pm

OPY

Oppenheimer Hldgs (NYSE:OPY) reported Q2 losses of $(0.85) per share, a 165.63% decrease YoY. However, the company's sales increased by 29.08% to $306.20 million.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:02 pm

PIPR

Piper Sandler (NYSE:PIPR) reported Q2 earnings of $1.13 per share, missing the analyst consensus estimate of $1.15 by 1.74%. This is a 54.25% decrease from the same period last year. However, the company's quarterly sales of $288.73 million beat the analyst consensus estimate of $274.00 million by 5.37%, despite being an 18.02% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:01 pm

MOG

Moog Inc. Class A Common Stock (NYSE:MOG) reported Q3 earnings of $1.37 per share, missing the analyst consensus estimate of $1.47 by 6.8 percent. This is a 14.91 percent decrease from the same period last year. However, the company reported quarterly sales of $850.00 million, beating the analyst consensus estimate of $803.53 million by 5.78 percent, a 9.97 percent increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:58 am

IMO

Imperial Oil's Q2 sales were reported at $8.71 billion, missing the analyst consensus estimate of $9.85 billion by 11.55 percent. This represents a 35.76 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:58 am

COUR

ENPH

INTC

Several stocks are experiencing significant pre-market movements. Coursera shares are up by 15.3% following better-than-expected Q2 sales results and an upgrade from Cantor Fitzgerald. Other gainers include Unique Fabricating, Greenbrook TMS, SIGA Technologies, Homology Medicines, Inpixon, AEye, Navidea Biopharmaceuticals, Intel Corporation, and Asensus Surgical. Losers include Tonix Pharmaceuticals, Sleep Number Corporation, Bellerophon Therapeutics, Mallinckrodt, Fresh Vine Wine, Enphase Energy, Femasys, Sigma Additive Solutions, Sweetgreen, and Yoshiharu Global.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:57 am

MCD

McDonald's Corp reported better-than-expected Q2 FY23 results with sales growth of 13.6% YoY to $6.50 billion, beating the analyst consensus of $6.29 billion. Adjusted EPS of $3.17 also beat the consensus of $2.79. Following the announcement, several analysts increased their price targets on McDonald's. The company's shares rose 1.2% to close at $295.19 on Thursday, and added 0.3% in today’s pre-market trading session.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:54 am