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TRS

TriMas Corporation has reiterated its FY23 adjusted diluted EPS guidance of $1.80-$1.95, which is in line with the $1.90 estimate. The company expects a longer and more gradual recovery within its TriMas Packaging Group.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:15 pm

GWW

Grainger has revised its FY23 net sales forecast to $16.4B-$16.6B, down from the previous $16.4B-$16.8B. The EPS is now expected to be between $36.00-$36.60, up from the previous $35.00-$36.75. The new estimates are in line with the market expectations of $16.57B in net sales and $36.01 in EPS.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:13 pm

TOWN

Towne Bank reported Q3 earnings of $0.60 per share, beating the analyst consensus estimate of $0.49 by 22.45%. However, this is a 13.04% decrease from the same period last year. The company also reported quarterly sales of $172.86 million, slightly beating the estimate of $172.42 million but showing a 3.56% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:12 pm

HAS

Hasbro's executive has stated in a conference call that the company anticipates ending the year with inventories 20% to 25% below 2022 levels.

Portfolio Pulse from Charles Gross

October 26, 2023 | 12:11 pm

TRS

TriMas (NASDAQ:TRS) reported Q3 adjusted earnings of $0.57 per share, beating the analyst consensus estimate of $0.55 by 3.64%. However, the company's quarterly sales of $235.34 million missed the analyst consensus estimate of $247.22 million by 4.81%. The earnings represent a 42.5% increase from the same period last year, while the sales represent a 7.69% increase.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:09 pm

TM

Toyota Motor Corporation's Chairman, Akio Toyoda, has emphasized the challenges in the electric vehicle (EV) sector, including a dip in U.S. demand and a shift towards hybrid vehicles. He also highlighted the company's strategic shift towards EVs, with the debut of the next-generation Battery Electric Vehicle (BEV) concept car LF-ZC and the BEV flagship model LF-ZL. These are part of the forthcoming next-generation Lexus BEV lineup, due for market launch in 2026. Toyota's shares are trading lower by 1.08% in the premarket to $173.28.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2023 | 12:09 pm

LBAI

Lakeland Bancorp reported Q3 earnings of $0.34 per share, in line with analyst consensus. However, the company's quarterly sales of $74.32M missed the estimate of $76.58M by 2.95%. This represents a 29.17% decrease in earnings and a 15.08% decrease in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

October 26, 2023 | 12:09 pm

CRS

Carpenter Tech (NYSE:CRS) reported Q1 earnings of $0.88 per share, beating the analyst consensus estimate of $0.76 by 15.79%. However, the company's quarterly sales of $651.90 million missed the analyst consensus estimate of $739.15 million by 11.80%. This represents a 728.57% increase in earnings and a 24.67% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:07 pm

ITGR

Integer Holdings has reaffirmed its FY23 sales outlook of $1.575B to $1.595B, which is higher than the consensus of $1.54B. However, the company has lowered its adjusted EPS to $2.66-$2.86 from $4.47-$4.67, which is below the consensus of $4.36.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:07 pm

GWW

W.W. Grainger reported Q3 earnings of $9.43 per share, beating the analyst consensus estimate of $8.93 by 5.6%. This is a 14.03% increase from the same period last year. However, the company's quarterly sales of $4.21 billion missed the analyst consensus estimate of $4.22 billion by 0.28%, though it's a 6.75% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:06 pm