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PNR

Pentair Plc. has increased its adjusted EPS guidance to $3.65-$3.75 from the previous estimate of $3.60-$3.70, against a consensus of $3.66. The company maintained its full year 2023 sales guidance to be down approximately 2 percent to flat on a reported basis. It also expects full year free cash flow to approximate 100 percent of net income.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:03 am

NVCR

NovoCure (NASDAQ:NVCR) reported Q2 losses of $(0.54) per share, missing the analyst consensus estimate of $(0.50) by 8 percent. This is a 134.78 percent increase in losses from the same period last year. However, the company's quarterly sales of $126.05 million beat the analyst consensus estimate of $124.26 million by 1.44 percent, despite a 10.52 percent decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:03 am

MLM

Martin Marietta Materials (NYSE:MLM) reported Q2 adjusted earnings of $5.60 per share, beating the analyst consensus estimate of $4.85 by 15.46%. However, this is a 0.88% decrease from the same period last year. The company's quarterly sales of $1.82 billion missed the analyst consensus estimate of $1.83 billion by 0.49%, but it's a 10.90% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:02 am

IP

International Paper (NYSE:IP) reported Q2 earnings of $0.59 per share, beating the analyst consensus estimate of $0.38 by 55.26%. However, this is a 52.42% decrease from the same period last year. The company's quarterly sales were $4.68 billion, missing the analyst consensus estimate of $4.90 billion by 4.45%, and marking a 13.12% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:02 am

MCD

McDonald's has reported an increase in global comparable sales by 11.7%.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:02 am

TSCO

Tractor Supply has reduced its FY23 net sales outlook from $15.0B-$15.3B to $14.8B-$14.9B, below the consensus of $15.17B. The company also lowered its EPS from $10.30-$10.60 to $10.20-$10.40, slightly below the consensus of $10.42.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 11:00 am

AEP

American Electric Power (AEP) reported Q2 earnings of $1.13 per share, beating the analyst consensus estimate of $1.12 by 0.89 percent. However, this is a 5.83 percent decrease from the same period last year. The company's quarterly sales of $4.40 billion missed the analyst consensus estimate of $4.76 billion by 7.56 percent, marking a 4.35 percent decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:59 am

LII

Lennox has increased its FY23 EPS outlook from $14.25 - $15.25 to $15.50 - $16.00, which is higher than the estimated $15.38.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:55 am

MAT

Mattel, Inc. (NASDAQ:MAT) reported better-than-expected Q2 results, despite a 12% decline in net sales. The company's 2023 guidance aligns with market expectations. DA Davidson analyst Linda Bolton Weiser maintained a Buy rating on Mattel shares and increased the price target from $23 to $25. Weiser noted that Mattel's point of sale was down in Q2, but not worse than the industry's performance. She sees an inflection at the start of Q3, with Barbie toys related to the movie selling out.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 10:54 am

KIM

Kimco Realty has raised its FY23 FFO outlook to $1.55 - $1.57 from the previous $1.54 - $1.57, against an estimate of $1.56. The net income available to the company's common shareholders per diluted share remains at $0.92 to $0.95.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:53 am