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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

BC

Brunswick Corporation has revised its FY23 net sales outlook downwards to $6.45B-$6.5B from the previous $6.7B-$6.8B, which is below the consensus estimate of $6.65B. The company also lowered its adjusted EPS forecast to $9.00 from $9.50, against the consensus estimate of $9.30.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:14 am

BC

Brunswick (NYSE:BC) reported Q3 adjusted earnings of $2.42 per share, beating the analyst consensus estimate of $2.36 by 2.54 percent. However, this is a 9.36 percent decrease from the same period last year. The company's quarterly sales of $1.59 billion missed the analyst consensus estimate of $1.66 billion by 3.98 percent, marking a 6.12 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:12 am

TPH

Tri Pointe Homes (TPH) reported Q3 net new home orders of 1,513, marking a 122% increase year-over-year. The company's active selling communities also increased by 23%.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:11 am

ALGN

ANET

DKNG

GGR

LAAC

MAT

META

MXL

PSTG

TSLA

Several US stocks traded lower in Thursday's pre-market session. Align Technology, MaxLinear, Mattel, Pure Storage, Gogoro, Arista Networks, DraftKings, Lithium Americas, Meta Platforms, and Tesla all recorded losses. This was largely due to worse-than-expected Q3 results and downgraded ratings.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 10:10 am

TPH

Tri Pointe Homes (NYSE:TPH) reported Q3 earnings of $0.76 per share, beating the analyst consensus estimate of $0.57 by 33.33%. However, this is a 47.59% decrease from the same period last year. The company also reported quarterly sales of $825.29 million, beating the analyst consensus estimate of $758.92 million by 8.75%, but this is a 21.92% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:09 am