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SLGN

Silgan Holdings (NASDAQ:SLGN) reported Q2 adjusted earnings of $0.83 per share, missing the analyst consensus estimate of $0.89 by 6.74%. This is a 23.15% decrease from the same period last year. The company also reported quarterly sales of $1.43 billion, missing the analyst consensus estimate of $1.55 billion by 7.74%, a 7.38% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:56 am

OMF

OneMain Holdings (NYSE:OMF) reported Q2 earnings of $1.01 per share, missing the analyst consensus estimate of $1.27 by 20.47%. This is a 45.99% decrease from the same period last year. The company also reported quarterly sales of $873.00 million, missing the analyst consensus estimate of $936.75 million by 6.81%. This is a 1.58% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:51 am

RPM

RPM International Inc. has projected its sales growth to be in the mid-single digits and adjusted EBIT growth in the low-double-digits to mid-teens for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:48 am

RES

RPC (NYSE:RES) reported Q2 earnings of $0.30 per share, missing the analyst consensus estimate of $0.36 by 16.67%. The company also reported quarterly sales of $415.86 million, missing the analyst consensus estimate of $492.27 million by 15.52%. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:48 am

GOOGL

MSFT

QQQ

SNAP

SPY

US stock futures indicate a shaky start on Wednesday due to mixed tech earnings and anticipation of the Federal Reserve's rate decision. Positive consumer confidence data led to a mostly higher close on Tuesday, with the Dow Industrials extending its winning streak to 12 sessions. Analyst John Lynch expects the Fed to adopt a 'wait-and-see' approach on additional rate increases. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell. Snap shares plummeted about 20% after issuing lackluster guidance, while Microsoft fell about 3.70% and Alphabet rose 6.64% in reaction to their respective quarterly results.

Portfolio Pulse from Shanthi Rexaline

July 26, 2023 | 10:48 am

RPM

RPM International Inc. expects its Q1 sales growth to be in the low-single digits and adjusted EBIT growth in the high-single digits.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:47 am

AURC

MKFG

MSFT

ORAN

PKX

SNAP

TUP

TXN

VIR

Several major stocks including Microsoft, Snap, Texas Instruments, and others are trading lower in Wednesday's pre-market session. Snap shares fell 18.6% after reporting Q3 results. Aurora Acquisition shares dipped 15.3% after a 220% jump on Tuesday. Tupperware Brands declined 9% after a 16% decline on Tuesday. POSCO Holdings slipped 5.7% after a 12% gain on Tuesday. Vir Biotechnology fell 4.7% after releasing data from a Phase 2 trial. Waste Management slipped 4.5% after posting downbeat Q2 results. Markforged Holding fell 4.5% ahead of its Q2 results release. Orange S.A. fell 3.9% following Q2 results. Texas Instruments declined 3.8% after issuing Q3 EPS guidance below estimates. Microsoft declined 3.7% despite better-than-expected Q4 earnings and sales, due to a weak sales outlook for the current quarter.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 10:41 am

Prosperity Bancshares (NYSE:PB) reported Q2 earnings of $0.94 per share, missing the analyst consensus estimate of $1.15 by 18.26%. This is a 32.86% decrease from the same period last year. The company also reported quarterly sales of $276.15 million, missing the analyst consensus estimate of $284.34 million by 2.88%. This is a 3.47% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:33 am

GIB

CGI (NYSE:GIB) reported Q3 adjusted earnings of $1.34 per share, missing the analyst consensus estimate of $1.36 by 1.47 percent. This is a 10.74 percent increase from the same period last year. The company also reported quarterly sales of $2.70 billion, missing the analyst consensus estimate of $2.76 billion by 2.28 percent, but a 5.60 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:32 am

LAD

Lithia Motors Inc (NYSE:LAD) reported Q2 FY23 sales growth of 12% YoY to $8.11 billion, beating the analyst consensus of $7.92 billion. New vehicle retail revenues increased 23.5% YoY, while used vehicle retail revenues fell 1.7%. The company's Board of Directors approved a dividend of $0.50 per share. LAD shares closed lower by 0.96% at $292.37 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

July 26, 2023 | 10:28 am