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KHC

Kraft Heinz Company (NASDAQ:KHC) reported Q2 FY23 sales growth of 2.6% to $6.72 billion, missing the analyst consensus of $6.81 billion. Adjusted EPS of $0.79 beat the analyst consensus of $0.74. The company declared a quarterly dividend of $0.40 per share. Despite facing headwinds in the US market share performance, the company reiterated its full-year outlook. KHC shares are trading lower by 0.61% at $35.66 in premarket.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 11:11 am

CVS

During a conference call, a CVS Health executive stated that medical costs trends are expected to remain high for the rest of 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:11 am

AMD

GOOG

GOOGL

MSFT

NVDA

Advanced Micro Devices (AMD) plans to launch AI chips to exploit Nvidia's (NVDA) supply crisis. AMD's CEO Lisa Su announced plans to increase production of its MI300 AI chips in Q4. The company also plans to comply with U.S. Commerce Department restrictions on advanced AI semiconductor sales to China. AMD expects 2023 sales in its data center business, including MI300 chips, to exceed $6.04 billion. Cloud players like Microsoft (MSFT) and Alphabet (GOOG, GOOGL) are expected to shift spending towards AI chips and infrastructure.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:11 am

TTMI

TTM Technologies has projected its Q3 revenue to be between $550M and $590M, which is in line with the estimated $569.92M. The company also expects its adjusted EPS to be between $0.25 and $0.31, slightly higher than the estimated $0.24.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:11 am

TTMI

TTM Technologies reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.21 by 52.38%. However, this is a 40.74% decrease from the same period last year. The company's quarterly sales of $546.51 million missed the analyst consensus estimate of $551.86 million by 0.97%, marking a 12.64% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:10 am

ADP

SPY

The US private sector added 324,000 jobs in July, surpassing expectations and demonstrating strong resilience. The growth was primarily driven by small and midsized companies, while large companies reported a decline. The market reacted with adjusted expectations for interest rate hikes and volatility in stocks, with the SPDR S&P 500 ETF Trust (NYSE:SPY) declining by 0.3%.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 11:10 am

SMP

Standard Motor Products (NYSE:SMP) reported Q2 earnings of $0.83 per share, missing the analyst consensus estimate of $0.98 by 15.31%. This is a 10.75% decrease from the same period last year. The company also reported quarterly sales of $353.10 million, missing the analyst consensus estimate of $374.45 million by 5.70%. This is a 1.76% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:09 am

DD

DuPont De Nemours, Inc. (NYSE:DD) reported a Q2 FY23 sales decrease of 7% Y/Y to $3.09 billion, beating the consensus of $3.00 billion. Adjusted EPS was $0.85, above the consensus of $0.83. The company revised its FY23 net sales guidance to $12.45 billion - $12.55 billion, up from prior $12.3 billion - $12.5 billion. However, it lowered its Adjusted EPS guidance to $3.40 - $3.50, down from the prior $3.55 - $3.70. DD shares are trading lower by 0.34% at $76.78 premarket.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 11:09 am

BP

EVLV

LDOS

UHAL

VZ

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', shared his views on several stocks. He sees potential in U-Haul Holding Company (UHAL), stating it's 'going higher', and also favored Leidos Holdings, Inc. (LDOS) over Evolv Technologies Holdings, Inc. (EVLV). However, he was less optimistic about Verizon Communications Inc. (VZ), stating it's 'going nowhere', and BP p.l.c. (BP), calling its earnings 'a yawner'.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:09 am

SRDX

Surmodics reported better-than-expected Q3 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:08 am