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SO

Southern (NYSE:SO) reported Q3 earnings of $1.42 per share, beating the analyst consensus estimate of $1.33 by 6.77%. This is an 8.4% increase from the same period last year. However, the company's quarterly sales of $6.98 billion missed the analyst consensus estimate of $8.33 billion by 16.21%, marking a 16.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:32 am

HWM

Howmet Aerospace has raised its FY23 outlook, now expecting revenue of $6.53B-$6.56B, up from the prior $6.4B-$6.47B, and above the consensus of $6.47B. The company also sees adjusted EPS of $1.76-$1.78, up from the prior $1.69 - $1.71, and above the consensus of $1.73.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:28 am

BAX

Baxter International Inc. anticipates its Q4 FY23 sales growth from continuing operations to be between 1% and 2% on a reported basis, and approximately 1% on a constant currency basis.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:24 am

KBR

KBR has reaffirmed its FY23 guidance, expecting revenue of $6.9B-$7.1B and an adjusted EPS of $2.76-$2.96.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:22 am

NRG

NRG Energy has increased its 2023 share repurchase allocation by 15% to $1.15 billion. The company has already executed $200 million of share repurchases and plans to complete the remaining $950 million through a new accelerated share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:20 am

WEN

Wendy's has maintained its 2023 adjusted EPS forecast of $0.95-$1.00. However, it has revised its global systemwide sales growth forecast from 6-8% to 6-7%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:19 am

AAPL

QQQ

ROKU

SPY

US stocks are expected to start strong on Thursday, following the Federal Reserve's decision to pause, which has boosted market optimism. Traders are also anticipating positive earnings reports, including Apple's Q4 report. The decline in bond yields, driven by rising rate-cut expectations, could be viewed favorably by investors. Traders will also be monitoring job market data ahead of Friday’s crucial non-farm payrolls report for September. Several companies including Roku, Fastly, Etsy, Clorox, Lemonade, PayPal, Qualcomm, Starbucks, and Tandem Diabetes Care have seen significant premarket movements following their earnings releases.

Portfolio Pulse from Shanthi Rexaline

November 02, 2023 | 11:19 am

BHC

Bausch Health Companies (NYSE:BHC) reported Q3 sales of $2.24 billion, beating the analyst consensus estimate of $2.15 billion by 4.04 percent. This represents a 9.38 percent increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:17 am

CYBR

CyberArk has projected its FY23 revenue to be between $735.3M and $740.3M, which is higher than the estimated $731.41M. The company also expects its adjusted EPS to be between $0.72 and $0.80, surpassing the estimated $0.55.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:14 am

CYBR

CyberArk has projected its Q4 2023 revenue to be between $206.5M and $211.5M, compared to the estimated $209.34M. The company also anticipates its adjusted EPS to be between $0.41 and $0.50, against the estimated $0.41.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:13 am