Streetbeat News

Stock Prices

VZ

Verizon reported Q2 postpaid phone net additions of 8,000 and retail postpaid net additions of 612,000. Total wireless postpaid phone gross additions increased by 2.0% year over year, primarily driven by a 6.9% year over year growth in Consumer postpaid phone gross additions.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:02 am

ADM

Archer-Daniels Midland (NYSE:ADM) reported Q2 earnings of $1.89 per share, beating the analyst consensus estimate of $1.60 by 18.12%. However, this is a 12.09% decrease from last year's earnings. The company's quarterly sales of $25.19 billion missed the analyst consensus estimate of $25.90 billion by 2.74%, marking a 7.67% decrease from last year.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:00 am

RTX

Raytheon Technologies (RTX) has raised its FY23 outlook, citing accelerating demand in global commercial aerospace and strong defense spending. The company now expects sales of $73-74 billion, up from the previous estimate of $72-73 billion, and adjusted EPS of $4.95-$5.05, slightly up from the previous $4.90-$5.05. However, free cash flow is expected to decrease to $4.3 billion from $4.8 billion due to an issue requiring Pratt & Whitney to remove certain engines from service for inspection earlier than expected.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:58 am

PII

Polaris Inc reported Q2 FY23 sales growth of 7% YoY to $2.22 billion, beating the analyst consensus of $2.14 billion. The increase was driven by favorable ship volumes, product mix, and net pricing. Adjusted EPS of $2.42 beat the analyst consensus of $2.21. The company raised its FY23 sales outlook to +3% - +6% and revised adjusted EPS guidance to -2% - +3%.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 10:52 am

BOH

Keefe, Bruyette & Woods analyst Kelly Motta has downgraded Bank of Hawaii (NYSE:BOH) from Market Perform to Underperform and set a price target of $47.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 10:48 am

TSCO

B of A Securities analyst Elizabeth Suzuki has downgraded Tractor Supply (NASDAQ:TSCO) from Buy to Neutral and lowered the price target from $270 to $226.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 10:46 am

GE

General Electric's Q2 sales have surpassed estimates, reporting $16.70B against the expected $15.00B. The adjusted revenue stands at $15.90B.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:42 am

DHR

Danaher Corporation has lowered its financial year 2023 guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:41 am

SHEL

Shell PLC plans to sell its 35% stake in Indonesia's Masela Block, including the Abadi gas project, to PT Pertamina Hulu Energi and PETRONAS Masela Sdn. Bhd. for a total of $650 million. The deal is expected to be completed in Q3 2023. Shell's shares are trading lower by 0.74% at $62.91 premarket.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 10:39 am

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported Q2 FY23 sales of $1.02 billion, a 3.8% YoY decline, missing the analyst consensus of $1.07 billion. However, its EPS of $3.08 beat the analyst consensus of $3.05. Following the earnings announcement, several analysts including Wedbush, TD Cowen, Barclays, and Citigroup raised their price targets on Domino's Pizza.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 10:38 am