Streetbeat News

Earnings

CFFN

Capitol Federal Financial (NASDAQ:CFFN) reported Q3 earnings of $0.06 per share, meeting analyst consensus estimates. However, this represents a 62.5% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:02 pm

ODFL

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported a Q2 2023 revenue decrease of 15.2% Y/Y to $1.41 billion, missing the consensus of $1.44 billion. The company also announced a new share repurchase program for buying back up to $3.0 billion shares, which will commence after the completion of its existing $2.0 billion worth of repurchase program. ODFL shares are trading lower by 0.85% at $392.00 premarket on the last check Wednesday.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 1:01 pm

LYV

MMM

MTB

NXPI

Analysts on CNBC's 'Halftime Report Final Trades' discussed their preferences for stocks including Live Nation Entertainment, M&T Bank Corporation, 3M Company, and NXP Semiconductors. Live Nation Entertainment's price target was raised from $105 to $110 by TD Cowen analyst. M&T Bank reported Q2 2023 revenue of $2.6 billion, beating the consensus of $2.39 billion. 3M reported Q2 2023 adjusted net sales of $7.99 billion, beating the consensus of $7.87 billion. NXP Semiconductors reported better than anticipated revenue trends in all of its focus end-markets.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:53 pm

TDOC

Teladoc Health Inc (TDOC) reported better-than-expected Q2 financial results, with a 10% YoY increase in revenue to $652.4 million, beating the consensus estimate of $649.19 million. The company reported a quarterly loss of 40 cents per share, better than analyst estimates of a 41 cents loss per share. Teladoc expects Q3 revenue to be between $650 million and $675 million and full-year 2023 revenue to be between $2.6 billion and $2.675 billion.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 12:52 pm

TENB

Tenable Holdings Inc (NASDAQ:TENB) shares are trading higher after the company reported better-than-expected Q2 results and issued strong guidance. Q2 revenue was $195.04 million, beating estimates of $190.19 million, and Q2 EPS was 22 cents, beating estimates of 13 cents. The company expects Q3 revenue to be between $197 million and $199 million, and full-year revenue to be between $783 million and $791 million. Needham analyst Mike Cikos maintained Tenable with a Buy rating and raised the price target from $48 to $55.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 12:51 pm

GOOG

GOOGL

Alphabet Inc's shares are trading higher after reporting better-than-expected Q2 results, with revenues of $74.604 billion and EPS of $1.44, beating estimates. The company also announced a CFO transition with Ruth Porat assuming the role of president and CIO. Multiple analysts raised price targets on the stock following the results.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 12:51 pm

OC

Owens Corning Inc's Q2 FY23 net sales decreased by 1.5% YoY to $2.56 billion, beating the consensus of $2.54 billion. Adjusted EPS was $4.22, above the consensus of $3.23. The company's gross profit rose 2.5% YoY to $752 million. The company held cash and equivalents of $968 million at the end of Q2. For Q3 2023, the company expects net sales similar to the comparable quarter in the prior year, while generating high-teen EBIT margins. The company revised its guidance for FY23.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 12:45 pm

KO

Coca-Cola's Q2 volume was flat, but showed sequential improvement with June being the strongest month in the quarter, according to a company executive.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:44 pm

INTC

TSEM

Tower Semiconductor Ltd (TSEM) reported a Q2 FY23 revenue decline of 16.2% YoY to $357.2 million, beating consensus estimates. Gross profit and operating profit also declined. The company, which is set to be acquired by Intel Corp (INTC), saw its shares rise by 11.70% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:43 pm

CHKP

Check Point Software Technologies Ltd reported Q2 FY23 revenue growth of 3% YoY to $588.7 million, missing consensus of $588.9 million. Non-GAAP EPS of $2.00 beat consensus of $1.89. Revenue from Products and licenses declined 12% YoY, Security subscriptions increased 14% YoY, and Software updates and maintenance grew 2.1% YoY. Non-GAAP operating margin increased by 100 basis points to 45%. The company generated $191 million in operating cash flow and held $3.5 billion in cash and equivalents. CHKP shares traded lower by 2.88% at $125.00 premarket.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:39 pm