Streetbeat News

Earnings

WU

Western Union has increased its FY23 adjusted EPS forecast from $1.55-$1.65 to $1.65-$1.75, surpassing the consensus estimate of $1.62.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:29 pm

TPIC

TPI Composites has reduced its 2023 net sales guidance from $1.6B-$1.7B to $1.525B-$1.575B, which is below the consensus estimate of $1.63B.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:27 pm

AM

Antero Midstream (NYSE:AM) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.20 by 10%. However, the company's quarterly sales of $258.29 million missed the analyst consensus estimate of $268.63 million by 3.85%. This represents a 10% increase in earnings and a 12.83% increase in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 26, 2023 | 8:26 pm

BWB

Bridgewater Bancshares reported Q2 earnings of $0.31 per share, in line with analyst estimates. However, the company's sales of $27.24M missed the consensus estimate of $29.73M by 8.39%. This represents a 24.39% decrease in earnings and a 20.31% decrease in sales compared to the same period last year.

Portfolio Pulse from saritha@benzinga.com

July 26, 2023 | 8:26 pm

TPIC

TPI Composites reported preliminary Q2 net sales of $380 million, which is below the consensus estimate of $406.08 million.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:25 pm

UVSP

Univest Financial reported Q2 earnings of $0.61 per share, beating the analyst consensus estimate of $0.57 by 7.02%. However, the company's quarterly sales of $74.16 million missed the analyst consensus estimate of $75.90 million by 2.29%. This represents a 35.56% increase in earnings and a 5.24% increase in sales compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

July 26, 2023 | 8:25 pm

GFL

GFL Environmental reported Q2 earnings of $0.40 per share, beating the analyst consensus estimate of $0.19 by 107.89%. However, the company's quarterly sales of $1.45 billion missed the analyst consensus estimate of $1.49 billion by 2.89%. This represents a 107.89% increase in earnings and an 8.15% increase in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 8:25 pm

META

Meta Platforms reported Q2 revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. EPS was $2.98, also beating the estimate of $2.91. The company reported 3.07 billion family daily active people, up 7% YoY, and bought back $793 million in shares. Meta ended Q2 with $53.45 billion in cash and long-term debt of $18.38 billion. The company continues to invest in AI and the metaverse, and sees FY 2023 capital expenditures in a range of $27 billion to $30 billion. Q3 revenue guidance is $32 to $34.5 billion, ahead of the Street estimate of $28.29 billion.

Portfolio Pulse from Chris Katje

July 26, 2023 | 8:25 pm

HP

Helmerich & Payne has projected its Q4 North America Solutions Direct Margins to be between $230M and $250M. The company also expects its International Solutions Direct Margins to be between $8M and $11M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:25 pm

ESRT

Empire State Realty Trust (NYSE:ESRT) reported Q2 earnings of $0.26 per share, a 10.34% decrease YoY. However, the company's sales increased by 3.52% to $154.60 million compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 26, 2023 | 8:24 pm