Streetbeat News

Stock Prices

ICLR

ICON has revised its FY23 adjusted EPS guidance from a range of $12.40-$13.05 to a narrower range of $12.63-$12.91. The consensus estimate stands at $12.60.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:13 pm

ARR

ARMOUR Residential REIT (NYSE:ARR) reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.24 by 4.17%. This is a 20.69% decrease from the same period last year. The company also reported quarterly sales of $5.76 million, missing the analyst consensus estimate of $53.43 million by 89.22%, a decrease of 83.56% from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 26, 2023 | 9:11 pm

TER

Teradyne (NASDAQ:TER) reported Q2 earnings of $0.79 per share, beating the analyst consensus estimate of $0.66 by 19.7%. However, this is a 34.71% decrease from the same period last year. The company also reported quarterly sales of $684.00 million, beating the analyst consensus estimate of $658.19 million by 3.92%, but this is an 18.65% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:10 pm

WFG

West Fraser Timber (NYSE:WFG) reported Q2 losses of $(1.57) per share, missing the analyst consensus estimate of $0.07 by 2342.86 percent. This is a 120.69 percent decrease over earnings of $7.59 per share from the same period last year. The company also reported quarterly sales of $1.61 billion, missing the analyst consensus estimate of $1.62 billion by 0.74 percent, a 44.30 percent decrease over sales of $2.89 billion the same period last year.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 9:07 pm

CMG

Chipotle's benefits from menu price hikes and lower avocado prices were partially offset by increased costs in beef, tortillas, dairy, salsa beans, and rice. The company expects the cost of sales to be around 30% in Q3 due to higher beef and avocado prices.

Portfolio Pulse from Charles Gross

July 26, 2023 | 9:07 pm

ALGN

Align Technology Inc (NASDAQ:ALGN) reported better-than-expected Q2 financial results, with a 3.4% YoY increase in revenue to $1 billion, beating the consensus estimate of $991.6 million. Adjusted earnings per share were $2.22, surpassing analyst estimates of $2.03. The company expects Q3 revenue to be between $990 million and $1.01 billion, and full-year revenue to be between $3.97 billion and $3.99 billion. Align's shares were up 12.3% after hours.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 9:04 pm

TER

TRSSF

NBA Hall of Famer Chris Webber's $175 million cannabis development in Detroit has been stalled for nearly two years due to challenging market conditions, including a 56% plunge in marijuana prices. The project, under the banner of Players Only, was planned to include an industry training complex, a cultivation site, a consumption lounge, and a dispensary. Webber is planning to revise the development plans, likely resulting in a scaled-down project. Webber's business partnership with Gage Cannabis, a subsidiary of TerrAscend Corp., operates Cookies-branded stores in the state.

Portfolio Pulse from Joana Scopel

July 26, 2023 | 9:04 pm

OII

Oceaneering International (NYSE:OII) reported Q2 earnings of $0.18 per share, missing the analyst consensus estimate of $0.29 by 37.93%. The company also reported quarterly sales of $597.91 million, missing the analyst consensus estimate of $601.64 million by 0.62%. Despite the miss, this represents a 157.14% increase in earnings and a 14.10% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:02 pm

FRBA

First Bank (NASDAQ:FRBA) reported Q2 earnings of $0.36 per share, beating the analyst consensus estimate of $0.25 by 44%. However, this is a 20% decrease from the same period last year. The company's quarterly sales of $23.26 million missed the analyst consensus estimate of $24.27 million by 4.18%, marking a 4.58% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 26, 2023 | 9:02 pm

PPC

Pilgrims Pride (NASDAQ:PPC) reported Q2 adjusted earnings of $0.44 per share, beating the analyst consensus estimate of $0.30 by 46.67%. However, this is a 71.43% decrease from the same period last year. The company's quarterly sales of $4.31 billion missed the analyst consensus estimate of $4.36 billion by 1.19%, marking a 6.99% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:02 pm