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ASH

Ashland Global Holdings Inc. (ASH) has announced that its expectations for destocking to conclude during Q3 were overly optimistic.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:15 pm

ASH

Ashland (NYSE:ASH) reported Q3 adjusted earnings of $1.23 per share, missing the analyst consensus estimate of $1.35 by 8.89%. This is a 34.92% decrease from the same period last year. The company also reported quarterly sales of $546.00 million, missing the analyst consensus estimate of $567.97 million by 3.87%. This is a 15.22% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:13 pm

BANC

Banc Of California has announced a merger with PacWest, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:08 pm

WM

Waste Management has revised its FY23 outlook, expecting revenue growth to be between 3.25% and 4.25%, lower than prior expectations by 100 basis points at the midpoint. This is largely due to lower than expected electricity and natural gas prices, and slower recovery of recycled commodity prices. Adjusted operating EBITDA is expected to be between $5.775 and $5.875 billion, below prior expectations by $75 million. However, free cash flow is projected to be between $1.675 and $1.775 billion, above prior expectations by $175 million.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 9:07 pm

FCF

First Commonwealth (NYSE:FCF) reported Q2 earnings of $0.42 per share, beating the analyst consensus estimate of $0.41 by 2.44%. However, the company's quarterly sales of $122.65 million missed the analyst consensus estimate of $122.86 million by 0.17%. The earnings and sales represent a 27.27% and 24.63% increase respectively from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 25, 2023 | 9:07 pm

BOH

FCNCA

HBAN

KEY

WAL

ZION

Banc of California and PacWest have announced a merger agreement, leading to a rise in regional bank stocks.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:05 pm

WIRE

Encore Wire (NASDAQ:WIRE) reported Q2 earnings of $6.01 per share, missing the analyst consensus estimate of $6.48 by 7.25%. This is a 43.88% decrease from the same period last year. The company also reported quarterly sales of $636.46 million, missing the analyst consensus estimate of $738.60 million by 13.83%. This is a 24.07% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:03 pm

CTSH

In the last quarter, Cognizant Tech Solns (NASDAQ:CTSH) received mixed analyst ratings with 1 bullish, 1 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The company's average price target has increased by 11.21% from the previous average of $61.75 to $68.67.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 9:01 pm

PACW

PacWest Bancorp has announced a merger with Banc of California, leading to a rise in PacWest's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:01 pm

CADE

Over the past 3 months, 4 analysts have published their opinion on Cadence Bank (NYSE:CADE) stock. The average 12-month price target for Cadence Bank is $24.5, with a high of $28.00 and a low of $23.00. This average price target has increased by 0.7% over the past month.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 9:00 pm