Streetbeat News

Earnings

FLO

Flower Foods reported worse-than-expected Q1 sales results and issued FY23 EPS guidance on the lower end of estimates, along with FY23 sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 2:51 pm

JCI

Johnson Controls Intl (NYSE:JCI) reported Q2 earnings of $174 million, a 11.54% increase from Q1, and sales of $6.69 billion, a 10.18% increase since Q1. The company posted a return on invested capital (ROIC) of 2.51%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 2:51 pm

FLR

Fluor (NYSE:FLR) reported Q1 sales of $3.75 billion, but earnings decreased 306.25%, resulting in a loss of $130 million. The company posted a negative Return on Capital Employed (ROCE) of -0.07%, suggesting inefficient capital allocation.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 2:50 pm

FWONA

Liberty Formula One Group (NASDAQ:FWONA) reported Q1 earnings of $52 million, a 91.68% increase from the previous quarter, while sales decreased by 49.47% to $381 million. The company posted a return on capital employed (ROCE) of 0.0%, indicating effective capital allocation. However, Q1 earnings per share of $-0.58 did not meet analyst predictions of $-0.11.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 2:49 pm

EVRG

Evergy (NASDAQ:EVRG) reported Q1 earnings of $145.7 million, a 1274.53% increase from the previous quarter, and sales of $1.3 billion, a 1.33% increase since Q4. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 2:49 pm

CBOE

Cboe Global Markets reported Q1 earnings of $173.4 million, an 8.58% increase from the previous quarter, and sales of $471.4 million, a 3.13% increase. The company posted a return on invested capital (ROIC) of 4.82%, indicating effective capital allocation. Q1 earnings per share were $1.9, beating analyst predictions of $1.87.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 2:49 pm

QFIN

Qifu Technology reported worse-than-expected Q1 sales results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 2:41 pm

QFIN

360 DigiTech reported Q1 adjusted EPS of $0.86, in line with analyst estimates, but sales of $524.08M missed the $560.57M estimate. This represents a 28.93% decrease in earnings and a 23.10% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 2:37 pm

GLOB

Globant reported better-than-expected Q1 financial results, issued Q2 revenue guidance above estimates, and raised FY23 adjusted EPS and revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 2:36 pm

CTLT

NVO

Catalent Inc (CTLT) has lowered its 2023 revenue and profit forecast due to operational challenges and higher-than-expected costs, resulting in a delay of its Q3 FY23 earnings release twice this month. The company continues to win new business, including expansions with Novo Nordisk (NVO) and Samsung Bioepis.

Portfolio Pulse from Vandana Singh

May 19, 2023 | 2:33 pm