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FISV

Fiserv has revised its FY23 organic revenue growth outlook to 11% from the previous range of 9%-11%. The company also adjusted its EPS to $7.47-$7.52 from $7.40-$7.50, which is higher than the estimated $7.42.

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October 24, 2023 | 11:09 am

SASR

Sandy Spring Bancorp reported Q3 adjusted earnings of $0.62 per share, beating the analyst consensus estimate of $0.56 by 10.71%. However, the company's quarterly sales of $85.08 million missed the analyst consensus estimate of $88.05 million by 3.37%. This represents a 22.5% decrease in earnings and a 24.68% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:07 am

PNR

Pentair has updated its FY23 guidance, expecting an adjusted EPS of $3.70-$3.75, compared to the previous range of $3.65-$3.75 and consensus of $3.73. The company also anticipates sales to decrease by approximately 1% on a reported basis, an improvement from the previous estimate of a 2% decrease to flat. The company's GAAP EPS from continuing operations is estimated to be $3.25-$3.30. Pentair's full year free cash flow is expected to be approximately 100% of net income.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:04 am

RTX

RTX has announced a $10 billion accelerated share repurchase program, indicating a strong investment opportunity. The company is also increasing its capital return commitment through 2025 to $36 - $37 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:04 am

ABG

Asbury Automotive Gr (NYSE:ABG) reported Q3 adjusted earnings of $8.12 per share, missing the analyst consensus estimate of $8.44 by 3.79%. This is a 12.03% decrease from the same period last year. The company also reported quarterly sales of $3.67 billion, missing the analyst consensus estimate of $3.77 billion by 2.73%, a 5.17% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:04 am

VZ

Verizon has projected its adjusted EPS for 2023 to be between $4.55 and $4.85, which is higher than the estimated $4.42.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:03 am

VZ

Verizon Communications Inc. reported its Q3 results, with postpaid phone net additions of 100,000 and retail postpaid net additions of 581,000.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:02 am

ADM

Archer-Daniels Midland (NYSE:ADM) reported Q3 earnings of $1.63 per share, beating the analyst consensus estimate of $1.52 by 7.24%. However, this is a 12.37% decrease from the same period last year. The company's quarterly sales of $21.70 billion missed the analyst consensus estimate of $23.68 billion by 8.38%, marking a 12.11% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:02 am

VZ

Verizon Communications Inc. ended Q3 with approximately 10.3 million broadband customers, marking a nearly 21% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:01 am

PNR

Pentair has provided its 4Q23 guidance, expecting an adjusted EPS of $0.82-$0.87, lower than the consensus of $0.92. The company also anticipates a 3-4% decrease in sales compared to 4Q22.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:01 am