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MTLS

Materialise (NASDAQ:MTLS) reported Q3 earnings of $0.07 per share, beating the analyst consensus estimate of $0.01 by 600%. However, the company's quarterly sales of $63.70 million missed the analyst consensus estimate of $66.90 million by 4.78%. This represents a 250% increase in earnings and a 12.11% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:33 am

AMAL

Amalgamated Financial (NASDAQ:AMAL) reported Q3 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.70 by 8.57%. However, this is a 1.3% decrease from the same period last year. The company also reported quarterly sales of $70.50 million, beating the estimate of $70.04 million by 0.66%, but this is a 2.93% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:32 am

META

Meta Platforms, Inc. (NASDAQ:META) shares fell in premarket trading despite surpassing Q3 expectations with a revenue of $34.15 billion and earnings per share of $4.39. The drop is linked to CFO Susan Li's comments about geopolitical tensions in the Middle East affecting ad revenue. However, Future Fund's Gary Black and KeyBanc analyst Justin Patterson believe the selloff is unjustified, highlighting positive aspects such as Reels breaking even earlier than expected and AI as a growth driver.

Portfolio Pulse from Shanthi Rexaline

October 26, 2023 | 10:28 am

MDC

M.D.C. Holdings projects its home deliveries for Q4 to be between 2,200-2,400 units. The average selling price per unit is expected to be between $545,000-$555,000. The company also anticipates a Q4 gross margin from home sales of 18%-19.5%.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:26 am

WST

West Pharmaceutical has revised its FY23 sales guidance to $2.950B-$2.960B from $2.97B-$2.995B, which is below the consensus of $2.99B. The company also adjusted its EPS to $7.95 to $8.00 from $7.65-$7.80, which is above the consensus of $7.85. The Q4 2023 EPS guidance assumes a 22% tax rate and does not include potential tax benefits from stock-based compensation.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:21 am

MDC

M.D.C. Holdings (NYSE:MDC) reported Q3 earnings of $1.40 per share, beating the analyst consensus estimate of $1.20 by 16.67%. However, this is a 29.29% decrease from the same period last year. The company's quarterly sales of $1.09 billion missed the analyst consensus estimate of $1.13 billion by 3.81%, marking a 24.62% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:19 am

MAT

Mattel Inc (NASDAQ:MAT) reported Q3 FY23 sales growth of 9% YoY to $1.919 billion, beating the analyst consensus estimate. Gross profit increased 15% YoY to $977.9 million, and the gross margin expanded to 51%. Adjusted EPS of $1.08 beat the analyst consensus of $0.86. Despite these positive results, MAT shares are trading lower by 9.60% due to concerns about the challenging macroeconomic background with higher volatility that could impact consumer demand.

Portfolio Pulse from Shivani Kumaresan

October 26, 2023 | 10:18 am

MBGAF

Mercedes Benz Group AG (OTC:MBGAF) warned of a 'brutal' EV market affecting its outlook during the company’s third-quarter earnings call. The company's EBIT fell 7% to 4.8 billion euros and revenue shrank by 1.4% to 37.2 billion euros. The company now expects to touch the lower end of its 12-14% adjusted return on sales forecast for the cars division.

Portfolio Pulse from Anan Ashraf

October 26, 2023 | 10:16 am

BC

Brunswick Corporation (BC) anticipates a high-single-digit percent decrease in net sales for Q4 year-over-year. The company also expects an adjusted EPS of $1.65, lower than the consensus estimate of $2.00.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:16 am

LKQ

LKQ Corp has revised its FY23 outlook, expecting a lower organic revenue growth for parts and services of 4.75%-5.75%, down from the previous 6.0%-7.5%. The adjusted EPS is also expected to be lower at $3.68-$3.82, compared to the prior estimate of $3.90-$4.10. However, the company expects a slight increase in operating cash flow and free cash flow.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:15 am