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Philip Morris International has revised its FY23 outlook, raising its adjusted diluted EPS forecast to $6.05 - $6.08, up from the previous $5.96 - $6.05. This is slightly below the $6.09 estimate. The company's GAAP EPS is expected to be between $4.95 - $4.98.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:15 pm

FUBO

NFLX

ROKU

Streaming stocks are trading higher following Netflix's better-than-expected Q3 sales results and increased subscription prices. FUBO and ROKU are among the stocks that may benefit from this trend.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:15 pm

KEY

KeyCorp (NYSE:KEY) reported Q3 FY23 revenues of $1.566 billion, down 17.0% Y/Y, in line with consensus. Net interest income was down 23.3% Y/Y to $923 million. Consumer Bank revenue fell 9.8% Y/Y and Commercial Bank was down 10% Y/Y. EPS was 29 cents, beating the street view of 27 cents. Provision for credit losses fell 25.7% Y/Y to $81 million. The CET 1 ratio exceeded its targeted capital range, expanding 50 basis points Q/Q to 9.8%. Average loan rose 2.8% Y/Y to $117.6 billion. Nonperforming loans stood at $455 million, accounting for 0.39% of period-end portfolio loans. Average deposits rose 0.4% Y/Y to $144.8 billion.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 2:10 pm

IRDM

Iridium Communications Inc (NASDAQ:IRDM) shares are trading lower by around 6% after the company reported Q3 FY23 results. The company reported revenue growth of 7% Y/Y to $197.6 million, missing the consensus of $200.09 million. The company registered a quarterly EPS loss of $(0.01) in Q3, missing the street view of EPS of $0.03. The net loss was primarily due to costs incurred related to the refinancing of Iridium's credit facility in Q3. The company revised its outlook for total service revenue growth to 10% and OEBITDA of $460 million-$465 million.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 2:10 pm

TFC

Truist Financial Corporation's Q3 revenues fell 2.7% YoY to $5.73 billion, beating the consensus of $5.7 billion. Adjusted EPS was 84 cents, beating the consensus of 82 cents. The company's provision for credit losses was $497 million, up from $234 million in Q3 2022. Truist's CET1 ratio was 9.9% as of Sept. 30. The company is focusing on core clients and paying down higher-cost borrowings to improve its net interest margin. A $750 million cost savings program is underway.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 2:03 pm

SXT

Sensient Technologies (NYSE:SXT) is set to release its latest quarterly earnings report on October 20, 2023. Analysts estimate an earnings per share (EPS) of $0.75. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. The company's shares are currently trading at $56.17, down 18.65% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:01 pm

RF

Regions Finl (NYSE:RF) is set to release its quarterly earnings report on October 20, 2023. Analysts estimate an earnings per share (EPS) of $0.58. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $16.54, down 14.4% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:01 pm

EEFT

Euronet Worldwide (NASDAQ:EEFT) is set to release its latest quarterly earnings report on October 20, 2023. Analysts estimate an earnings per share (EPS) of $2.70. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $76.53, down 6.78% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:01 pm

AXP

American Express (NYSE:AXP) is set to release its quarterly earnings report on 2023-10-20, with analysts estimating an EPS of $2.94. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $151.53, up 7.75% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:01 pm

SPY

The US Leading Index for September has reported a month-on-month decrease of 0.7%, which is worse than the estimated decrease of 0.4% and the prior decrease of 0.4%.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:01 pm