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MTH

Meritage Homes has projected its FY23 EPS to be between $19.12 and $19.80. The company also expects to close between 13,300 and 13,800 homes during the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:44 pm

F

Ford Motor (NYSE:F) reported Q2 revenue of $45.0 billion, up 12% YoY, beating the Street consensus estimate of $40.38 billion. EPS was 72 cents, also beating the estimate of 55 cents. Revenue by operating segment showed growth in all areas, with Ford Model E revenue up 39% YoY. The company raised its full-year adjusted EBIT to a range of $11 billion to $12 billion and free cash flow guidance to a range of $6.5 billion to $7 billion. Ford shares are up 2% in after-hours trading.

Portfolio Pulse from Chris Katje

July 27, 2023 | 8:42 pm

LTC

LTC Properties reported Q2 earnings of $0.66 per share, a 3.13% increase YoY. However, the company's quarterly sales of $31.54 million missed the analyst consensus estimate of $47.25 million by 33.26%, marking a 0.29% decrease YoY.

Portfolio Pulse from sunil@benzinga.com

July 27, 2023 | 8:41 pm

ROKU

Roku Inc's shares are trading nearly 9% higher following its Q2 earnings report. The company reported a loss of 76 cents per share, better than the estimated $1.27 loss, and revenues of $847.2 million, surpassing the $773.43 million consensus. Roku also reported that its users streamed 25.1 billion hours in Q2, a 21% increase YoY. The company expects Q3 revenues to be around $815 million.

Portfolio Pulse from AJ Fabino

July 27, 2023 | 8:39 pm

EMN

Eastman Chemical has revised its demand growth outlook downwards, now expecting primary demand across many of its end markets to remain stable compared with the first half.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:39 pm

SSNC

SS&C Technologies Holdings, Inc. (SSNC) has provided its financial guidance for FY 2023. The company expects its EPS to be between $4.57 and $4.77, which is slightly lower than the estimated $4.78. The projected revenue is between $5.469 billion and $5.575 billion, which is in line with the estimated $5.53 billion. The company does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures due to the unpredictability of certain items such as acquisition transactions, foreign exchange rate changes, and other non-cash adjustments.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 8:38 pm

SSNC

SS&C Technologies Holdings, Inc. (SSNC) has projected its Q3 earnings per share (EPS) to be between $1.13 and $1.21, which is lower than the estimated $1.24. The company also expects its revenue to be between $1.355 billion and $1.395 billion, slightly lower than the estimated $1.39 billion.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:37 pm

PEAK

Healthpeak Properties has raised the lower end of its FY23 FFO (Funds From Operations) per share outlook from $1.71 to $1.73, while the upper end remains at $1.77.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:37 pm

SSNC

SS&C has announced a $1 billion common stock repurchase program as part of its capital allocation strategy to maximize stockholder value. The repurchases may be made on the open market or in privately negotiated purchases, depending on market conditions and in accordance with applicable rules and regulations. The timing and amount of any shares repurchased will be determined by the company's management. The repurchase program may be suspended or discontinued at any time.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:36 pm

F

Ford Motor's CFO has stated that the company has no plans to alter its capital spending plans for its electric vehicle (EV) business, despite a slower than expected EV adoption rate.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:35 pm