Streetbeat News

Earnings

CHTR

Charter Communications reported Q2 earnings of $8.05 per share, beating the analyst consensus estimate of $7.66 by 5.09%. However, the company's quarterly sales of $13.66 billion missed the analyst consensus estimate of $13.85 billion by 1.35%. This represents a 8.52% decrease in earnings and a 0.45% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:01 am

BCPC

Balchem (NASDAQ:BCPC) reported Q2 adjusted earnings of $1.06 per share, beating the analyst consensus estimate of $0.84 by 26.19%. However, the company's quarterly sales of $231.30 million missed the analyst consensus estimate of $244.87 million by 5.54%. This represents a 2.28% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:01 am

CMRE

Costamare (NYSE:CMRE) reported Q2 adjusted earnings of $0.56 per share, missing the analyst consensus estimate of $0.59 by 5.08%. This is a 41.05% decrease from the same period last year. However, the company's quarterly sales of $365.94 million beat the analyst consensus estimate of $256.52 million by 42.66%, marking a 25.79% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:01 am

NWL

Newell Brands reported Q2 earnings of $0.24 per share, beating the analyst consensus estimate of $0.13 by 84.62%. However, this is a 57.89% decrease from the same period last year. The company also reported quarterly sales of $2.20 billion, beating the estimate of $2.15 billion by 2.37%, but this is a 13.18% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:00 am

CL

Colgate-Palmolive has updated its FY23 outlook, expecting net sales growth of 5% to 8%, including the benefit from acquisitions of pet food businesses and a low-single-digit negative impact from foreign exchange. The company also expects organic sales growth of 5% to 7%. On a GAAP basis, it expects gross profit margin expansion, increased advertising investment, and double-digit earnings-per-share growth. On a non-GAAP basis, it expects earnings-per-share growth to be at the high end of mid-single-digits.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:59 am

CHD

Church & Dwight has increased its FY23 net sales growth outlook from 6-7% to approximately 8%. The company has also raised its organic sales growth guidance from 3-4% to around 5%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:58 am

PG

Procter & Gamble (P&G) has projected its earnings per share (EPS) for FY24 to be between $6.25 and $6.43, compared to the estimated $6.38.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 10:57 am

CHD

Church & Dwight Co (NYSE:CHD) reported Q2 adjusted earnings of $0.92 per share, beating the analyst consensus estimate of $0.79 by 16.46%. This is a 21.05% increase from the same period last year. The company also reported quarterly sales of $1.45 billion, beating the analyst consensus estimate of $1.42 billion by 2.11%, a 9.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:56 am

PG

Procter & Gamble (NYSE:PG) reported Q4 earnings of $1.37 per share, beating the analyst consensus estimate of $1.32 by 3.79%. This is a 13.22% increase from the same period last year. The company also reported quarterly sales of $20.55 billion, beating the analyst consensus estimate of $20.02 billion by 2.66%, a 5.32% increase from the same period last year.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 10:56 am

F

INTC

QQQ

ROKU

SPY

US stock futures indicate a rebound due to support from tech earnings. Intel Corp. and Roku, Inc. are among the stocks that are getting a lift from their earnings reports. The US economy may prove more resilient in the second half of 2023 than many forecasters had expected, according to Morgan Stanley's Ellen Zenter. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.36% and the Invesco QQQ ETF gained 0.76%. Ford Motor Co. fell over 1.8% in premarket trading after it pushed out electric vehicle adoption goals despite the beat-and-raise quarter.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 10:55 am