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XRX

Xerox Holdings has reiterated its FY23 revenue guidance of $7.10 billion, which is above the consensus estimate of $6.98 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:35 am

GE

General Electric (GE) shares are trading higher following the company's Q2 results, which exceeded expectations. Additionally, GE has raised its FY23 guidance.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:35 am

SITC

SITE Centers has revised its FY23 Operating FFO per share outlook from $1.11-$1.17 to $1.13-$1.17.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:35 am

GM

General Motors (GM) reported better-than-expected Q2 results and raised its FY23 adjusted automotive free cash flow guidance. This has led to a rise in GM's share prices.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:34 am

MMM

3M Company has raised its full-year adjusted EPS expectations for 2023 to $8.60 to $9.10, up from the previous $8.50 to $9.00. This is due to the company's strong operational execution and cost discipline. Adjusted total sales growth is expected to be in the range of -5 to -1 percent, with adjusted operating cash flow of $5.9 to $6.3 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:34 am

AMC

NBTX

NYAX

RXT

SOUN

SRAD

Several stocks including SoundHound AI, Rackspace Technology, Nanobiotix, Sportradar Group, AMC Entertainment, and Nayax recorded losses in Tuesday's pre-market trading session. Citigroup downgraded Rackspace Tech from Neutral to Sell and raised the price target from $1.25 to $1.5. AMC Entertainment shares declined after a court rejected the company's proposed plan to convert preferred shares to common units and implement a stock split.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 10:32 am

GM

General Motors (GM) has revised its FY23 adjusted automotive free cash flow outlook upwards from $5.5B-$7.5B to $7B-$9B.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:32 am

GE

General Electric (GE) has increased its FY23 adjusted EPS guidance from $1.70-$2.00 to $2.10-$2.30, which is above the estimated $2.06.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:24 am

AWI

Armstrong World Industries (AWI) has projected its FY23 net sales to be between $1.26 billion and $1.31 billion, which is in line with the $1.26 billion estimate. The company also expects its adjusted EPS to be between $4.85 and $5.05, slightly higher than the $4.81 estimate. Additionally, AWI anticipates its adjusted EBITDA to be between $400 million and $420 million.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:20 am

ALK

Alaska Air Group has projected its FY23 capacity growth to be between 11% and 13%, with revenue growth expected to be between 8% and 10%. The company also anticipates a 1% to 3% decrease in CASMex. The estimated EPS is between $5.50 and $7.50, which is lower than the $6.6 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:15 am