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WEC

WEC Energy Group reported Q2 earnings of $0.92 per share, beating the analyst consensus estimate of $0.85 by 8.24%. However, the company's quarterly sales of $1.83 billion missed the analyst consensus estimate of $2.17 billion by 15.51%. This represents a 14.00% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:12 am

AME

AMETEK, Inc. has revised its FY23 adjusted EPS forecast to $6.18-$6.26, up from the previous estimate of $5.96 to $6.10, and above the consensus of $6.11. The company also expects a 9% to 10% increase over the comparable basis for 2022 and anticipates Q3 sales to rise by mid-single digits on a percentage basis year-on-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:05 am

GPN

Global Payments has raised its FY23 outlook, now expecting adjusted net revenue to be between $8.660 billion and $8.735 billion, reflecting a growth of 7% to 8% over 2022. Adjusted earnings per share are expected to be in the range of $10.35 to $10.44, reflecting a growth of 11% to 12% over 2022. The company continues to expect the adjusted operating margin for 2023 to expand by up to 120 basis points.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:04 am

UBER

Uber has projected its Q3 gross bookings to be between $34 billion and $35 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:04 am

TRN

Trinity Industries has projected its FY23 earnings per share (EPS) to be between $1.35 and $1.45, which is lower than the estimated $1.51.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:03 am

UBER

Uber's Q2 gross bookings have increased by 16% YoY to reach $36.6B.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:01 am

Toyota Motor Corp (NYSE:TM) reported Q1 FY24 sales revenue of $76.98 billion, up from $65.56 billion a year ago. Vehicle sales volumes rose to 2.3 million units, with Toyota and Lexus vehicle sales up 8.4% Y/Y and EV sales up 29.9% Y/Y. Operating income for the quarter increased to ¥1.12 trillion, beating the consensus of ¥945.22 billion. The company reiterated its FY24 outlook for revenue at ¥38 trillion and operating profit at ¥3.0 trillion.

Portfolio Pulse from Lekha Gupta

August 01, 2023 | 11:00 am

ZBRA

Zebra Technologies Corp's shares are trading lower following the company's Q2 results and FY23 outlook, which were below consensus.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 10:59 am

EEMA

EWU

EZU

FLAX

SPY

US markets closed higher on July 31, with the S&P 500 gaining 3.1% and the Dow Jones rising 3.4%. Asian markets also showed positive trends, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 closing higher. However, the Shanghai Composite and Hang Seng index closed lower. In the Eurozone, the STOXX 600, DAX, and CAC 40 traded lower. Commodities saw mixed trends, with Crude Oil and Gold trading lower, while Natural Gas traded higher. US futures were down, and the US Dollar Index was up.

Portfolio Pulse from Akanksha Bakshi

August 01, 2023 | 10:56 am

AMD

ANET

CAT

JBLU

MRK

MSTR

NCLH

PFE

QQQ

SBUX

SIRI

SPY

UBER

VRTX

US stocks are expected to reverse course on Tuesday as traders prepare for a barrage of earnings reports and the JOLTS report. Energy stocks helped offset weakness in the consumer staple and healthcare spaces on Monday. Analysts at LPL Financial are positive about the near-term market outlook, with the S&P 500 within 4% of a new all-time high. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.22% and the Invesco QQQ ETF (NASDAQ:QQQ) slipped 0.24%. Several companies including Artista Networks, Inc. (NYSE:ANET), Merck & Co., Inc. (NYSE:MRK), Pfizer, Inc. (NYSE:PFE), Sirius XM Holdings, Inc. (NASDAQ:SIRI), Uber Technologies, Inc. (NYSE:UBER), JetBlue Airways Corp. (NASDAQ:JBLU), Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), Caterpillar, Inc. (NYSE:CAT), Advanced Micro Devices, Inc. (NASDAQ:AMD), Starbucks Corp. (NASDAQ:SBUX), Vertex Pharma, Inc. (NASDAQ:VRTX), Electronics Arts, Inc. (NASDAQ:EA), and MicroStrategy, Inc. (NASDAQ:MSTR) are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 10:52 am