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HXL

Hexcel Corporation has increased its FY23 revenue forecast from $1.725B-$1.825B to $1.765B-$1.835B, compared to the previous estimate of $1.81B.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:28 pm

ISRA

Israel's government has passed a controversial law that curtails the power of the judiciary, sparking the largest protests in the nation's history. The law's passage has led to economic fallout, with Tel Aviv's primary stock indices plunging up to 2.5% and the shekel's losses against the dollar widening to approximately 1%. The VanEck Israel ETF (NYSE:ISRA), a U.S.-listed exchange-traded fund focused on Israeli shares, has experienced a decline of nearly 5% over the last three trading sessions.

Portfolio Pulse from Piero Cingari

July 24, 2023 | 8:26 pm

CLF

Cleveland-Cliffs Inc (NYSE:CLF) reported Q2 revenue of $5.98 billion, beating the consensus estimate of $5.8 billion. However, adjusted quarterly earnings of 69 cents per share missed analyst estimates of 70 cents per share. The company anticipates a $40 per net ton reduction in steel unit costs in Q3 and a $10 reduction in Q4. Shares were up 0.97% after hours.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 8:21 pm

CCK

Crown Holdings (NYSE:CCK) reported Q2 earnings of $1.68 per share, beating the analyst consensus estimate of $1.64 by 2.44%. However, this is a 20% decrease from the same period last year. The company's quarterly sales were $3.11 billion, missing the analyst consensus estimate of $3.45 billion by 9.88%, and marking an 11.42% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:20 pm

ARE

Alexandria Real Estate Equities has projected its FY23 EPS to be between $2.72 and $2.78, which is lower than the estimated $3.09.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:17 pm

NXPI

NXP Semiconductors has projected its Q3 total revenue to be between $3.3B and $3.5B, with an adjusted EPS of $3.39-$3.82. The consensus estimates were $3.31B for revenue and $3.43 for EPS.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:16 pm

BX

Blackstone Inc.'s (NYSE:BX) shares have increased by 20.64% in the past three months. The company's total debt stands at $12.33 billion, with $12.31 billion in long-term debt and $19.56 million in current debt. After adjusting for $3.02 billion in cash-equivalents, the net debt is $9.31 billion. Blackstone's total assets are $41.09 billion, making the debt-ratio 0.3. Debt is an important factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:15 pm

WASH

Washington Trust Bancorp (NASDAQ:WASH) reported Q2 earnings of $0.66 per share, beating the analyst consensus estimate of $0.63 by 4.76%. However, this is a 42.11% decrease from the same period last year. The company's quarterly sales of $33.50 million missed the analyst consensus estimate of $33.79 million by 0.86%, marking a 10.70% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 24, 2023 | 8:11 pm

ZVIA

Zevia PBC (NYSE:ZVIA) has announced preliminary Q2 2023 net sales of approximately $42 million, lower than the previously forecasted range of $48 million to $51 million. The shortfall is attributed to supply chain disruptions amid an operations transition. Despite strong customer demand, supply chain logistics challenges hindered fulfillment and impacted net sales. The company has revised its full-year 2023 revenue guidance to $163 million-$168 million, down from $180 million-$190 million.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:09 pm

AVGO

NVDA

SOXX

TFLO

TLH

VGLT

A screening of medium-cap ETFs revealed significant changes in net assets. iShares Treasury Floating Rate Bond ETF (TFLO) and Vanguard Long-Term Treasury ETF (VGLT) saw increases in net assets, adding $2.13 billion and $861.59 million respectively. iShares 10-20 Year Treasury Bond ETF (TLH) and iShares Semiconductor ETF (SOXX) lost $624.5 million and $233.30 million in net assets respectively. SOXX's largest holdings are NVIDIA Corporation (NVDA) and Broadcom Inc. (AVGO).

Portfolio Pulse from Johnny Rice

July 24, 2023 | 8:06 pm