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AZPN

Aspen Technology reported Q4 earnings of $2.13 per share, missing the analyst consensus estimate of $2.19 by 2.74%. This is a 12.35% decrease from the same period last year. The company also reported quarterly sales of $320.64 million, missing the analyst consensus estimate of $324.78 million by 1.27%. However, this is a 34.21% increase from the same period last year.

Portfolio Pulse from bharat@benzinga.com

August 04, 2023 | 10:26 am

TX

Ternium (NYSE:TX) reported Q2 earnings of $3.19 per share, beating the analyst consensus estimate of $1.96 by 62.76%. However, this is a 21.62% decrease from the same period last year. The company's quarterly sales of $3.87 billion missed the analyst consensus estimate of $3.88 billion by 0.23%, marking a 12.78% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:25 am

OI

O-I Glass has updated its financial guidance for FY23, expecting adjusted earnings to be around $3.10 to $3.25 per share, with adjusted free cash flow of about $475 million. Q3 2023 adjusted earnings are expected to be $0.68 to $0.73 per share, reflecting strong net price and solid operating and cost performance. However, shipment levels are likely to be down due to softer consumer demand in several markets and categories, and higher costs due to temporary production curtailment and higher interest expense.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:25 am

PRU

Prudential Financial's Q2 earnings per share of $2.94 missed the analyst consensus estimate of $3.04 by 3.29 percent, despite a 68.97 percent increase from the same period last year. The company's quarterly sales of $12.64 billion also fell short of the $12.68 billion estimate by 0.29 percent.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:25 am

AMD

AMD has projected its Q3 2023 revenue to be around $5.7 billion, which is lower than the estimated $5.82 billion.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:24 am

SBUX

Starbucks Corporation (NASDAQ:SBUX) reported Q3 revenue of $9.17 billion, up 12% YoY, but slightly below the consensus estimate of $9.29 billion. Earnings per share were $1, beating the estimate of 95 cents. Same store sales increased 10% YoY, with North America up 7% and international up 24%. China sales within the international segment rose 46% YoY. The company opened 588 new stores in Q3, bringing the total to 37,222. The U.S. rewards program membership increased 15% YoY to 31.4 million.

Portfolio Pulse from Chris Katje

August 04, 2023 | 10:24 am

SEDG

SolarEdge (SEDG) has reported that the US residential solar market is facing headwinds primarily due to higher interest rates.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:24 am

SCI

Service Corporation International (SCI) has revised its FY23 EPS guidance to $3.40-$3.60 from $3.45-$3.75 due to the inflationary environment and higher than expected interest rates. The company also raised its adjusted operating cash flow guidance to $830 million to $880 million from $740 million to $800 million, reflecting strong operating cash flow and an expected decrease in cash taxes due to a change in tax accounting method.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:23 am

ULCC

Frontier Airlines expects its Q3 capacity to grow by 21-23%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:23 am

SE

A whale investor has taken a bullish stance on Sea (NYSE:SE), with 71% of the investors opening trades with bullish expectations and 28% with bearish. The trades include 2 puts for a total amount of $425,800 and 12 calls for a total amount of $720,288. The price target for Sea over the last 3 months ranges from $45.0 to $105.0. UBS has upgraded its action to Buy with a price target of $86.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:23 am