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PNM

PNM Resources reported Q2 adjusted earnings of $0.55 per share, beating the analyst consensus estimate of $0.50 by 10%. However, the company's quarterly sales of $477.16 million missed the analyst consensus estimate of $582.11 million by 18.03%. This represents a 3.51% decrease in earnings and a 4.52% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:01 pm

LYB

LyondellBasell Industries (NYSE:LYB) reported Q2 earnings of $2.44 per share, beating the analyst consensus estimate of $2.29 by 6.55%. However, the company's quarterly sales of $10.31 billion missed the analyst consensus estimate of $10.40 billion by 0.83%. This represents a 52.99% decrease in earnings and a 30.52% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:01 pm

ASIX

AdvanSix reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.11 by 12.61%. However, this is a 45.65% decrease from the same period last year. The company also reported quarterly sales of $427.94 million, beating the estimate of $418.67 million by 2.21%, but this is a 26.69% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:00 pm

QS

QuantumScape Corporation has announced the pricing of its underwritten public offering of 37.5 million shares of its Class A common stock for gross proceeds of $300 million. The company has also granted the underwriters a 30-day option to purchase up to an additional 5.62 million shares at the public offering price. The offering is expected to close on August 8, 2023. Following the announcement, QS shares are trading lower by 9.19% at $8.00 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 3:00 pm

PBR

Petrobras Brasileiro (NYSE:PBR) reported Q2 sales of $22.98 billion, missing the analyst consensus estimate of $35.92 billion by 36.03 percent. This represents a 33.78 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:00 pm

RYI

Ryerson Holding has reported the pricing of a secondary offering of 4 million shares by a significant shareholder. The pricing details have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:00 pm

AMRX

Amneal Pharmaceuticals has raised its FY23 revenue guidance to $2.30B-$2.40B, up from the previous guidance of $2.25B-$2.35B. The new guidance surpasses the consensus estimate of $2.32B. The company also increased its adjusted EPS forecast to $0.45-$0.55, up from $0.40-$0.50, beating the consensus estimate of $0.47.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:59 pm

GTN

Gray Television has provided its Q3 2023 revenue guidance, expecting to generate between $780 million and $801 million, which is lower than the estimated $811.53 million. The forecast includes core advertising revenue of $360 million to $368 million, retransmission revenue of $370 million to $380 million, political advertising revenue of $15 million to $16 million, and production company revenue of $18 million to $19 million.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:59 pm

AMZN

Amazon, Inc. (NASDAQ:AMZN) shares rose 8.99% in premarket trading after reporting a solid Q2 beat. The company reported net sales of $134.4 billion, up 11% YoY, with North American sales rising 11% and international sales growing by 10%. AWS cloud computing business saw a sales growth of 12%. For Q3, Amazon expects net sales of $138 billion to $143 billion, up 9%-13% YoY. Wedbush analyst Daniel Ives and Telsey Advisory Group analyst Joseph Feldman praised the company's strong results.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 2:59 pm

FTNT

Fortinet's shares are trading lower following the company's Q2 results and weak guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:59 pm